San Francisco, 24 October 2018 - The global thermal barrier coatings (TBC) market size is expected to reach USD 22.30 billion by 2024, according to a new report by Grand View Research, Inc. The global market is estimated to witness a healthy CAGR of 6.7% during the forecast period. Increasing demand for advanced heat resistant coatings from several end-use industries including energy, automotive, and aerospace is expected to have a positive impact on the market growth in the coming years.
Growing scope of applications in gas turbines, which are widely used across the energy sector, is also expected to propel the market demand. Increasing number of stationary power plant installations in emerging economies is projected to drive the demand further. In addition, increasing product penetration in aerospace application would also benefit market growth. Rising adoption of air plasma and high-velocity oxygen fuel (HVOF) technologies in automotive and aerospace applications is expected to drive product demand in these sectors. Heavy investments by leading industry participants, such as the Praxier Surface Technologies, for the development of advanced and innovative coating solutions will also have a positive impact on the market growth. Full Research Report On Global Thermal Barrier Coatings Market By Grand View Research: www.grandviewresearch.com/industry-analysis/thermal-barrier-coatings-tbc-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/paints-coatings-and-printing-inks Grand View Research has segmented the global thermal barrier coatings market on the basis of product, technology, coating combination, application, and region: Thermal Barrier Coatings Product Outlook (Revenue USD Million, 2013 - 2024)
www.grandviewresearch.com/press-release/global-thermal-barrier-coatings-tbc-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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