Top 50 Companies in Thermal Barrier Coatings Market: Expert View By Spherical Insights
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Thermal Barrier Coatings Market Size is projected to Grow from USD 18.32 Billion in 2024 to USD 32.23 Billion by 2035, at a CAGR of 5.27% during the forecast period 2025–2035. The market is driven by the need for high-strength steel in the automotive and construction sectors. Because high-strength steels are utilized in structural applications and are referred to as structural steels, the market is growing due to the high acceptance rate of these steels' effective structural qualities.
Introduction
Thermal barrier coatings (TBCs) consist of advanced materials applied to engine parts, turbines, and exhaust systems to insulate components from high temperatures and thereby extend their working life. Common materials include ceramics like yttria-stabilized zirconia (YSZ), aluminates, and intermetallic compounds applied through techniques such as cold spray, high-velocity oxygen fuel (HVOF), and plasma spraying. The primary market driver is anticipated to be the rapidly rising demand for thermal barrier Coatings (TBC) in a variety of applications, including automotive, energy, and aerospace. The demand for the product is expected to be driven during the forecast period by a sharp increase in global vehicle production due to rising demand from emerging economies. Furthermore, the automobile industry's technical advancements led to an increase in the need for sophisticated coating technologies, which in turn drove market expansion. Epoxy resins, polymers, aluminates, and zirconia are used in the production of thermal barrier coatings.
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Thermal Barrier Coatings Market Size & Statistics
- The Market Size for Thermal Barrier Coatings Was Estimated to be worth USD 18.32 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 5.27% between 2025 and 2035.
- The Global Thermal barrier coatings Market Size is anticipated to reach USD 32.23 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Thermal Barrier Coatings Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Thermal Barrier Coatings Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the thermal barrier coatings market. The automobile and aerospace sectors, two of the biggest end-user markets for thermal barrier coatings, are centered in the area. Thermal barrier coatings are in high demand in both industries because to the growing need for lightweight, fuel-efficient cars and the requirement for better aviation performance and safety.
North America is expected to generate the highest demand during the forecast period in the thermal barrier coatings market. One of the main markets for TBCs is the aerospace industry. The region's aviation industry has grown significantly as a result of the presence of major economies like the United States and Canada. The main drivers of an increase in air traffic in North America are the region's robust economies, high levels of discretionary income, and the availability of highly skilled workers. Therefore, during the projected period, the aerospace industry's growth is expected to have the potential to propel the North American market.
Top 5 trends in the Thermal Barrier Coatings Market
- Growing adoption in aerospace engines and components
- Increasing use in automotive engines and electric vehicle systems
- Technological advancements in coating materials and application techniques
- Rising focus on energy efficiency and emission reduction
- Expansion in stationary power plant and industrial turbine applications
1. Growing adoption in aerospace engines and components
TBCs are crucial for jet engines to withstand extreme temperatures, improve fuel efficiency, and reduce thermal fatigue, driving steady demand from commercial and military aerospace sectors.
2. Increasing use in automotive engines and electric vehicle systems
Thermal barrier coatings support the automotive shift towards hybrid and electric vehicles by protecting engine components and battery systems from heat, enhancing performance and longevity.
3. Technological advancements in coating materials and application techniques
Innovations such as ceramic-metal composites, nanocoatings, and advanced deposition technologies like plasma spraying and EB-PVD improve coating durability, heat resistance, and application precision.
4. Rising focus on energy efficiency and emission reduction
Regulatory pressures worldwide push the adoption of TBCs that improve engine thermal management, cut fuel consumption, and reduce greenhouse gas emissions across the automotive and power generation sectors.
5. Expansion in stationary power plant and industrial turbine applications
TBCs extend turbine lifespan and efficiency in stationary power plants, supporting the growing global energy demand and transition to cleaner energy sources.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the thermal barrier coatings market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Thermal barrier coatings Market
- H.C. Starck, Inc.
- Praxair Surface Technologies
- TWI Ltd.
- Praxair S.T. Holdings, Inc.
- AkzoNobel N.V.
- Saint-Gobain S.A.
- BASF SE
- PPG Industries, Inc.
- Bodycote plc
- Cytec Solvay Group
- CoorsTek Inc.
- Kaneka Corporation
- Oerlikon Balzers Coating AG
- Taubatech GmbH
- Inframat Corporation
- Englehard Corporation
- Advanced Coating Technologies
- Henkel AG & Co. KGaA
- 3M Company
- Universal Coating Technologies
- Metco Powder Systems
- Luxfer Gas Cylinders
- Ultramet, Inc.
- Deloro Stellite Inc.
- Haldor Topsoe
1. H.C. Starck, Inc. – Headquarters: Goslar, Germany
H.C. Starck specializes in advanced ceramic and metallic thermal barrier coatings used extensively across aerospace and industrial applications. Offering solutions that enhance thermal resistance and durability, H.C. Starck’s coatings improve engine efficiency, reduce emissions, and extend component lifespan. Its strong R&D focus enables continuous material innovation and superior application techniques tailored to customer-specific requirements worldwide.
2. Praxair Surface Technologies – Headquarters: Danbury, Connecticut, USA
Praxair Surface Technologies offers a wide range of thermal barrier coatings with high-performance properties for aerospace, automotive, and energy sectors. Known for its plasma spray and electron beam physical vapor deposition technologies, Praxair increases coating reliability and heat resistance crucial for turbine blades and engine parts.
3. TWI Ltd. – Headquarters: Cambridge, United Kingdom
TWI Ltd. provides industry-leading research, development, and application services for thermal barrier coatings. Specializing in innovative deposition and inspection technologies, TWI supports manufacturers in extending component operating temperatures and enhancing thermal efficiency across aerospace and power generation industries.
4. Praxair S.T. Holdings, Inc. – Headquarters: Danbury, Connecticut, USA
A subsidiary of Linde, Praxair S.T. Holdings delivers tailored thermal barrier coating solutions that optimize engine performance and durability. The company emphasizes collaboration, sustainable manufacturing practices, and cutting-edge coating technologies to meet evolving industrial demands.
5. AkzoNobel N.V. – Headquarters: Amsterdam, Netherlands
AkzoNobel offers high-quality thermal barrier coatings focused on improving product longevity and thermal protection. Serving aerospace, automotive, and energy clients, AkzoNobel invests in R&D and sustainable coating formulations to reduce environmental impact and comply with rigorous industry standards.
Are you ready to discover more about the thermal barrier coatings market?
The report provides an in-depth analysis of the leading companies operating in the global thermal barrier coatings market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- H.C. Starck, Inc.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Praxair Surface Technologies
- TWI Ltd.
- Praxair S.T. Holdings, Inc.
- AkzoNobel N.V.
- Saint-Gobain S.A.
- BASF SE
- PPG Industries, Inc.
- Bodycote plc
- Others.
Conclusion
The Global Thermal Barrier Coatings Market Size is projected to witness robust growth driven by increasing aerospace and automotive production, expanding stationary power generation, and rising emphasis on energy efficiency and emission reduction. Technological innovations in coating materials and advanced application methods enhance performance, durability, and environmental compliance. Asia-Pacific holds a significant market share with rapid industrialization and automotive expansion, while North America and Europe continue to lead innovation and regulatory adherence.
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