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About Praxair

Praxair manufactures and supplies surface-enhancing materials. The company provides solutions to abrasion, corrosion, erosion, galling, oxidation, and wear. Praxair serves the automotive, chemical, aviation, glass, and oil industries worldwide. It is based in Indianapolis, Indiana.

Praxair Headquarter Location

1500 Polco Street

Indianapolis, Indiana, 46222,

United States

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Thermal Barrier Coatings Market Size Worth $21.69 Billion By 2028: Grand View Research, Inc.

Dec 14, 2021

Thermal Barrier Coatings Market Size Worth $21.69 Billion By 2028: Grand View Research, Inc. SAN FRANCISCO, Dec. 14, 2021 /PRNewswire/ -- The global thermal barrier coatings market size is expected  to reach USD 21. Author: SAN FRANCISCO, Dec. 14, 2021 /PRNewswire/ -- The global thermal barrier coatings market  size is expected  to reach USD 21.69 billion by 2028, growing at a CAGR of 4.8% over the forecast period, according to a new study by Grand View Research, Inc. 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. The growing scope of applications in gas turbines, which are widely used across the energy sector, is also expected to propel the product demand. Key Insights & Findings from the report: The aerospace application segment accounted for a prominent share in 2020 and is further expected to witness significant growth over the forecast period North America dominated the market in 2020. However, Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028 The ceramics product segment led the global market in 2020 and will remain dominant, growing at the fastest CAGR over the forecast period, due to its rising demand in various end-use industries Prominent development strategies adopted by the leading companies in this market are merger & acquisition activities, technical collaborations, and plant expansions The Electron-Beam Physical Vapor Deposition (EBPVD) technology segment is estimated to witness significant growth over the forecast period. EBPVD thermal barrier coatings are widely used for gas turbine engine components to improve engine durability and efficiency. The growing gas turbine market is anticipated to significantly drive the demand for EBPVD thermal barrier coatings over the forecast period. Rising power generation activities across the globe owing to the growing demand for electricity as a result of population growth and rapid urbanization is boosting the growth of gas turbines for power generation. Gas turbines play an important role in reducing Greenhouse Gas (GHG) emissions. As compared to other combustion-based electricity generation applications, these are very proficient and also reduce carbon emissions. Thus, the growth in the power generation sector along with an increased focus on generating electricity through sustainable energy sources is projected to propel the growth of gas turbines in the coming years. An increasing number of stationary power plant installations in emerging economies is projected to drive the demand further. In addition, increasing product penetration in the aerospace application would also benefit market growth in the coming years. The 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 Praxair Surface Technologies, for the development of advanced and innovative coating solutions, will also have a positive impact on the market growth during the forecast period. Grand View Research has segmented the global thermal barrier coatings market on the basis of product, application, technology, combination, and region: TBC Product Outlook (Revenue, USD Million, 2017 - 2028) Metals Stationary Power Plants EBPVD Ceramic YSZ North America Praxair Surface Technologies, Inc. Check out more studies on thermal and high temperature coatings, published by Grand View Research: Thermal Insulation Coating Market - The global thermal insulation coating market size was valued at USD 6,660.5 million in 2016. Recent developments in the manufacturing and automobile sectors are likely to drive the demand for the heat barrier coats in these application segments. High Temperature Coatings Market - The global high temperature coatings market size was valued at USD 3.3 billion in 2015. The industry is anticipated to witness moderate growth over the next few years on account of increasing product demand across various end-use industries such as metal processing, cookware and bakeware, and building and construction. Thermal Spray Coatings Market - The global thermal spray coatings market size is projected to reach USD 14.1 billion by 2028. It is expected to grow at a CAGR of 4.1% from 2021 to 2028. Gain access to Grand View Compass , our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry JamesCorporate Sales Specialist, USAGrand View Research, Inc.Phone: +1-415-349-0058Toll Free: 1-888-202-9519Email:    Web:    Follow Us: LinkedIn  | Twitter  View original content:

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