New market study on thermal barrier coatings
According to a new report published by Transparency Market Research (TMR) the global thermal barrier coatings market was valued at around EUR 13 thousand millions in 2017 and is anticipated to expand at a CAGR of over 6.6% from 2018 to 2026.
Rise in demand for thermal barrier coatings from automotive and aerospace industries drives the global market. In terms of value, the thermal barrier coatings market in Asia Pacific is anticipated to expand at a CAGR of over 7.7% during the forecast period.
Growing demand in the aerospace industry
Rise in demand for thermal barrier coatings for gas turbines which are employed in various industries such as power plants, aerospace is likely to propel the thermal barrier coatings market. These turbines are widely used due to their easy availability, high reliability, low operating costs, and high power density.
The study is available via the website of Transparency Market Research.
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