Thermal Barrier Coatings Market
Emergence of End-use Industries Leads to Extensive Usage of Thermal Barrier Coatings
The extensive usage of gas turbines in various industries such as automotive , stationary power plants , and aerospace is expected to spike the demand for thermal barrier coatings . These coatings are predominantly used for reduce the heat that turbines generate in order to improve their output and performance . The market for thermal barrier coatings will also remain boisterous due to the development of advanced technologies such as high-velocity oxy-fuel technique and electron beam physical vapor deposition .
Emergence and growth of automotive industries in several developing nations are also anticipated to play a pivotal role in determining the progress of the global thermal barrier coatings market . The automotive industry will be largely responsible for thermal barrier coatings to keep the temperatures of external and internal parts at an optimum to ensure improved performance of the engine . Analysts anticipate that the burgeoning automotive industry in Asia Pacific will provide a significant fillip to the global market in the coming years as the region is witnessing high consumption and production of automobiles .
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High Cost of Manufacturing Technology Raises Cost of Products
Amongst all the types of coatings , the high-performance ceramic coatings are considered to be superior one . Though the raw materials required to make these coatings are cheaper , it is the usage of technologies that adds to their rising cost . Thus , the high prices of technology involved in making superior coatings is expected to discourage consumption and hamper market growth .
This review is based on Transparency Market Research ’ s report , titled “ Thermal Barrier Coatings Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast , 2016-2024 .”
The market has been segmented as follows : Global Thermal Barrier Coatings Market : By Product Type
• Metal
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