The Global Thermal Barrier Coatings Market size is estimated at USD 1.12 billion in 2023, and is expected to reach USD 1.38 billion by 2028, growing at a CAGR of 4.31% during the forecast period (2023-2028).
The COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
The thermal barrier coatings market is fragmented in nature. Some of the major players in the market include Honeywell International Inc., OC Oerlikon Management AG, Praxair S.T. Technology, Inc., Chromalloy Gas Turbine LLC, and Saint-Gobain, among others (in no particular order).
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