Product ID: UCMIG15E2263
Report ID:
UCMIG15E2263 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global thermal barrier coatings market is predicted to be worth USD 15.49 billion in 2020, with a compound annual growth rate, or CAGR, of 4.8% over the forecast period. Demand of Thermal Barrier Coatings (TBC) in different industries such as automobiles energy, and aerospace is predicted to be the primary market driver. A significant increase in global car manufacturing due to rising demand from developing nations is expected to drive demand for goods over the forecast period. Furthermore, technical advancements in the automotive industry have led in an increased need for improved coating technologies, supporting market expansion. Epoxy resins, polymer compounds, aluminates, and zirconia are used to make thermal barrier coatings.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG15E2263