Thermal Barrier Coatings Market Is Projected To Reach Approximately USD 22.30 Billion By 2024 : Grand View Research Inc.
San Francisco, 10 December 2019: The Report Thermal Barrier Coatings Market Size, Share & Trends Analysis Report, By Technology (HVOF, Air Plasma), By Coating Combination (Ceramic YSZ, Al2O3), By Application, By Product, And Segment Forecasts, 2018 – 2024 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.