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    Home > Coatings News > Paints and Coatings Market > The global market value of thermally shielded coatings will reach US$22.3 billion by 2024.

    The global market value of thermally shielded coatings will reach US$22.3 billion by 2024.

    • Last Update: 2020-08-24
    • Source: Internet
    • Author: User
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    According to a new research report, the global thermal shielding

    (TBC) market value will reach $22.3 billion by 2024. The research points out that the demand for gas turbine equipment in the energy industry, aviation industry, automobile manufacturing industry and other industries continues to increase, thus stimulating the development of thermal shielding coatings, and with the expansion of the application range of thermal shielding coatings, it is expected that the development momentum in the next few years is good.
    aerospace industry is the most important application of thermal shielding coatings. Data show that thermal shielding coatings in the field of aviation the largest application, its next few years is expected to grow at a CAGR of more than 6%. As the number of passengers worldwide increases year by year, putting considerable pressure on the aviation industry, more aircraft need to be put into operation, and the use of aviation engines and turbines increases, thus promoting the development of thermal shield coatings. This is also a significant feature of the development of the thermal shield coatings market in the next few years.addition, increased military spending in some countries, increased global instability and a volatile political environment have led to increased demand for special vehicles equipped with advanced equipment and thermal control systems. These factors drive the application of thermal shielding coatings in the field of defense and ships.
    north America is the world's largest market for thermally shielded coatings, according to data. Among them, the use of high in energy industry applications, the region's thermal shielding coatings market is expected to achieve a compound annual growth rate of 7%. The Asia-Pacific thermal shield coatings market is growing at the fastest rate, with a CAGR of more than 8% expected in the coming years. China, in particular, has a compound annual growth rate of 9%.
    companies involved in the global thermally shielded coatings market include Praxair Surface Technologies, me
    Talling Ltd., TST Engineered Coating Solutions, Precision Coatings, Inc. and others. It is worth mentioning that the industry also needs through technology research and development and innovation to further improve the thermal shielding performance of coatings, in order to promote the development of the thermal shielding coatings market.
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