To learn more about this report, request sample copy
North America has established itself as the dominant region in the global thermal barrier coatings market. The region is expected to account for 39.4% share in 2024. With the presence of leading aerospace companies, North America accounts for the largest share of commercial aircraft fleet and aircraft engine manufacturing. Major cities like Seattle, Los Angeles, and Chicago are hubs for aircraft parts production and engine manufacturing which generates high demand for thermal barrier coatings. The region is also home to well-established coating manufacturers who can cater to the stringent quality and testing requirements of the aerospace industry. Many international companies have set up manufacturing plants in the U.S. to serve the domestic market as well as export to other regions. Further, the positive economic outlook and rising passenger traffic in the region has prompted aircraft manufacturers to boost production, thereby driving the consumption of coatings.
The Asia Pacific region has emerged as the fastest growing market for thermal barrier coatings in recent years. Several factors such as the rapid growth of the aerospace industry and rising income levels are contributing to the growth of the market. Many international aircraft manufacturers have established assembly plants in countries like China, India, and Japan to gain access to low-cost skilled labor and larger addressable domestic markets. The region is expected to witness increased localized coating production to serve the demand from these domestic aircraft assembly facilities. Additionally, Asia Pacific is a major manufacturing hub for gas turbines used in power generation industries. The increasing investment in power projects across developing Asian countries will stimulate the demand for gas turbines and thermal barrier coatings. Countries like China and India also have a sizeable presence of manufacturing industries that use gas turbines for process heating and require protective coatings. The region therefore presents lucrative opportunities for both international and domestic coatings producers to expand their footprints.
Thermal Barrier Coatings Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients