Global Thermal Spray Coatings Market, By Material (Metal, Polymers, Ceramic, Intermetallic), Process (Combustion Flame, Electric Energy), End-User Industry (Aerospace & Defence, Automotive, Healthcare, Energy & Power, Electronics, Agricultural Machinery, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Thermal Spray Coatings Market
The thermal spray coatings market is expected to witness market growth at a rate of 7.5% in the forecast period of 2021 to 2028 and is expected to reach USD 32.4 billion by 2028. Data Bridge Market Research report on thermal spray coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the industries such as automotive, aerospace, healthcare and other end user industries is escalating the growth of thermal spray coatings market.
Thermal spray coatings are done to alter the surface properties of substances and preserve them from degradation. This process involves depositing of molten or semi-molten form by devices such as torch, spray gun or other similar equipment.
Major factors that are expected to boost the thermal spray coatings market in the forecast period are the growing investment for research and development in clinical treatments and medical equipment. Furthermore, the rise in the demand to protect steel duct from corrosive gases and sulfuric acid across chemical industries is further anticipated to propel the thermal spray coatings market. Moreover, the application of strict government regulations associated with the protection of medical components and tools is further estimated to cushion the thermal spray coatings market. On the other hand, variation in the cost of crude oil due to economic changes and issues regarding the material wastage is further projected to impede the growth of the thermal spray coatings market in the timeline period.
In addition, the technological development to conserve and harness renewable energy and wide application scope in industrial gas turbines, solid oxide-fuel cells and energy generation will further provide potential opportunities for the growth of the thermal spray coatings market in the coming years. However, the decrease in the number of investment in the research and development programs by end-user industries and lack of skilled workforce might further challenge the growth of the thermal spray coatings market in the near future.
This thermal spray coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the thermal spray coatings market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Thermal Spray Coatings Market Scope and Market Size
The thermal spray coatings market is segmented on the basis of material, process and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the thermal spray coatings market is segmented into material, the thermal spray coatings market is segmented into metal, polymers, ceramic and intermetallic. Metal further is segmented into nickel, stainless steel, aluminum, tribological materials, molybdenum, titanium and others. Others are further sub-segmented into zinc and copper. Polymers are further segmented into PTFE, polyethylene, polyester and other polyolefins. Ceramic is further segmented into zirconia, titania, alumina, chromia, yttria and others. Others are further sub-segmented into lanthanum oxide and silicon dioxide. Intermetallic is further segmented into Ti-Al, Ni-Ti, Ni-Al, Fe-Al and others. Others are further sub-segmented into Cu-Al-Ni and Ni-Cr. Others include alloys and carbide.
- On the basis of process, the thermal spray coatings market is segmented into combustion flame and electric energy. Combustion flame is further segmented into low velocity, high velocity, HVOF, HVAF, HVLP and detonation. Electric energy is further segmented into arc spray, plasma spray and cold spray.
- On the basis of end user industry, the thermal spray coatings market is segmented into aerospace and defence, automotive, healthcare, energy & power, electronics, agricultural machinery and others. Aerospace & defense is further segmented into turbine blades, flame tubes and HPT outer stationery seal. Automotive is further segmented into turbochargers, oxygen sensors and alternator covers. Healthcare is further segmented into medical products packaging and instrument coating. Energy & power include industrial gas, steam & water turbines and pumps & shafts. Electronics is further segmented into semiconductor capital equipment and dielectric coatings. Agricultural machinery is further segmented into threshing equipment and turbo compressors. Others is further segmented into paper, marine and textile & chemical.
Thermal Spray Coatings Market Country Level Analysis
The thermal spray coatings market is analyzed, and market size, volume information is provided by country, material, process, end user industry as referenced above.
The countries covered in the thermal spray coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the thermal spray coatings market due to the technological leadership. Furthermore, the occurrence of major aerospace and automotive key players will further boost the growth of the thermal spray coatings market in the region during the forecast period. Europe is projected to observe significant amount of growth in the thermal spray coatings market due to the growing expenses in the pharmaceutical industry. Moreover, the increase in the deployment of Enhanced Oil Recovery (EOR) by the manufacturers is further anticipated to propel the growth of the thermal spray coatings market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermal Spray Coatings Market Share Analysis
The thermal spray coatings market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the thermal spray coatings market.
The major players covered in the thermal spray coatings market report are Praxair S.T. Technology, Inc., H.C. Starck GmbH, Wall Colmonoy, Saint-Gobain, FUJIMI INCORPORATED, Montreal Carbide Tous droits réservés, OC Oerlikon Corporation AG, GTV Wear Protection GmbH, Medicoat AG, TOCALO Co.,Ltd., Höganäs AB, CASTOLIN EUTECTIC, Powder Alloy Corporation, CRS Holdings Inc., DURUM Verschleißschutz GmbH, Kennametal Inc., AMT AG, Progressive Surface, American Roller Company, Lincotek Surface Solutions SPA, Bodycote, Polymet, Metallisation Limited, Air Products Inc., Metallizing Equipment Co. Pvt. Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.