Thermal Barrier Coatings Market, Industry Trends and Forecast 2017 Thermal Barrier Coating

Thermal Barrier Coatings Market forecast & competitive
market share, 2016 - 2024: Global Market Insights, Inc.
Global Thermal Barrier Coatings Market size is expected to witness a significant growth from
2016 to 2024. Increasing use of vapour deposition and air plasma technologies for coating
applications and growing demand for gas turbine applications in various industries will drive
the market in the coming years.
Global passenger car sales rose from around 56 million units in 2010 to more than 69 million units in
2016. Likewise, heavy and medium weight commercial vehicle sales increased to over 24 million in
2016 from close to 19 million in 2010. This growth is expected to propel the thermal barrier coatings
market during the forecast period.
Global air traffic will likely increase by about 4% annually for the next two decades with up
to 30,000 new air passenger aircrafts and more than 500 dedicated freighters demand.
Global spending in the defence sector, mostly in defence aviation, is also expected to drive
the thermal barrier coatings market during the forecast years. Asia pacific defence spending
in 2016 was at an all-time high with China leading the way followed by India. Japan will also
likely increase their spending due to deteriorating situation in the South China sea.
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