Thermal Barrier Coatings Market
REPORT DESCRIPTION
Thermal Barrier Coatings Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016- 2024
The global thermal barrier coatings market is facing tough competition, especially in Asia Pacific. To ensure steady sales, companies are engaging in long-term contracts. For instance, A & A Company, Inc. has been supplying ceramic coatings for valve balls to the U. S. Navy. The other players such as Praxair Surface Technologies, Inc., H. C. Starck Inc., and ASB Industries are expected to focus on research and development activities and extending contracts to remain ahead of the competition.
The research report states that the global thermal barrier coatings market will be worth US $ 22.4 bn by the end of 2024 as compared to US $ 12.4 bn in 2015. During the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.6 % due to the strengthening automotive market across the globe.
Browse Market Research Report @ http:// www. transparencymarketresearch. com / thermal-barrier-coatings-market. html
North America to Command Influence as Region Shows Adoption of Technological Advancements
In terms of product, the global market is segmented into metal, intermetallic, ceramic, and others. The metal segment is projected to show steady growth during the forecast period as they offer better protection from corrosion, oxidation, and chemicals. Analysts anticipate that the metal segment will acquire a share of 38.8 % in the overall market by the end of 2024.
Geographically, the global thermal barrier coatings market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Out of all the regional markets, North America is anticipated to be the dominant one. Increasing technological advancements are expected to drive this dominance through the forecast period. By the end of 2024, the North America thermal barrier coatings market is expected to acquire a share of 26.7 % in the overall market.
Transparency Market Research
2