Growing need for Thermal Barrier Coatings (TBC) in different industries including industrial energy, automotive, and aerospace is likely to drive thermal barrier coatings demand. The wording of the above sentence is a bit misleading. In addition, technical improvements in the car industry have led in an increasing necessity for sophisticated coating technologies, consequently supporting market expansion.
Raw material price fluctuations are projected to limit worldwide thermal barrier coatings market growth. The costs of these raw materials change on a regular basis, affecting the entire manufacturing price of thermal power coatings. The lack of common rules governing thermal barrier coating applications is also limiting market expansion.
According to Coherent Market Insights' analysis, the Thermal Barrier Coatings (TBC) Market was valued at US$ 15.1 Billion in 2021 in terms of revenue, exhibiting a CAGR of 6.0% during the forecast period (2022 to 2030).
Leading companies in the Thermal Barriers Coating Industry:
1. A&A Thermal Spray Coatings
A&A Coatings, for over 70 years, has been at the forefront of the Thermal Spray Coating industry. a unique Plant devoted exclusively to the application of Metal, Ceramic, Cermet and Hard-faced Coatings. The company is established in 1944 and the headquarter is set up in South Clinton Avenue South Plainfield, United States.
2. Air Products and Chemicals, Inc.
The company was founded in 1940 and is headquartered in Allentown, Pennsylvania. Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally.
3. ASB Industries Inc.
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.
4. Cincinnati Thermal Spray, Inc.
On October 3, 2022, Cincinnati Thermal Spray, Inc. a leading global provider of industrial thermal spray coating technologies, announced its acquisition of the Thermal Spray Division of EBTEC Corporation located in East Windsor, Connecticut. The acquisition supports CTS’ strategy to extend its footprint and provide regional service to its customers base in the northeast. Cincinnati Thermal Spray is founded on 1978 and headquartered in Ohio, U.S.
5. Flame Spray Coating Co.
For over 50 years, Flame Spray Inc has been a leader and innovator in the application of Thermal Sprayed Coatings. Their facilities and reputation are worldwide; from Yokosuka Japan to Nome Alaska, from Norfolk Virginia to the Scandinavian countries. Flame Spray Coating Co. is headquartered in Michigan, U.S. and established in year 1969.
6. H.C. Starck Inc.
Founded in 1924 H.C. Starck is headquartered in Massachusetts, U.S. Materion Corporation agreed to acquire H.C. Starck Inc. from H.C. Starck GmbH for $380 million on September 19, 2021.
7. MesoCoat
MesoCoat has the potential to substantially impact the surface engineering and energy management needs of Fortune 1000 companies and government entities. MesoCoat is founded in 2007. Its headquartered is in Ohio, U.S.
8. Abakan Inc.
Abakan Inc., an emerging leader in the advanced coatings market, is pleased to announce that, following its long-term strategy, Abakan has increased ownership in subsidiary, MesoCoat to 100%. Abakan expects to become a leader in the multi-billion-dollar advanced coatings market as a result of its investment in MesoCoat and other technologies and companies in the future that serve the same market. Towards this end, Abakan is actively involved in supporting their R&D; market development, and commercialization efforts. The company is established in 2006 and headquartered in Florida U.S.
9. Precision Coating
Precision Coating Company founded on 1956 is headquartered in Massachusetts, U.S.
On Sept. 20, 2021, Precision Coating, a leading medical coatings service provider to interventional, orthopedic, and advanced surgical markets, announced a merger with N2 Biomedical, a Bedford, MA-based company. N2 Biomedical, an Ampersand Capital Partners portfolio company, provides nano-engineered surface treatment and coating services to the medical device industry with its low-temperature Ion Implantation Surface Treatments and Ion Beam Assisted Deposition (IBAD) technologies.
10. THERMION Inc.
Thermion® is the manufacturer of twin wire arc spray equipment used in applying thermal sprayed coatings. These metalized coatings are sometimes referred to as thermal spray, arc spray, flame spray, spray welding, metalizing, twin wire arc spray, TSA or even TSZ; in essence, we can spray all conductive metals in wire form. The company is founded in 1978. It is headquartered in Washington.
Definition-Thermal Barrier Coatings (TBCs) insulate components in machinery that operate at relatively high temperatures and also facilitate low thermal conductivity and thermal shock, and high thermal expansion in gas turbines that increases demand for TBCs in large engine operations.
