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 Amserica, 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 Middle East and Africa) Industry Trends and Forecast to 2027
Thermal spray coatings market will reach an estimated valuation of USD 18.20 Billion by 2027, while registering this growth at a rate of 7.00% for the forecast period of 2020 to 2027. Thermal spray coatings market report analyses the growth, which is currently being growing due to the significant growth in industries such as automotive, aerospace, healthcare and other end-user industries and enhanced machinery performance with lesser operational costs.
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. Thermal spray coatings offer the substrate with properties such as protection against heat, friction control, wear resistance, dimensional restoration and corrosion resistance. This is a mechanical bonding process.
Increase in investment for research and development in clinical treatments and medical equipment and rising need to protect steel duct from corrosive gases and sulfuric acid across chemical industries are the key factors driving the thermal spray coatings market in the forecast period of 2020-2027. Implementation of strict government regulations associated with the protection of medical components and tools accelerate the thermal spray coatings market. Additionally, the adoption of thermal spray over electroplating process, reduction in maintenance cost of sprayed parts and high demand in aerospace industry influence the market growth.
Furthermore, growing penetration of flame spray coatings in the power and energy industry, technological advancements to conserve and harness renewable energy and wide application scope in industrial gas turbines, solid oxide-fuel cells and energy generation extend profitable opportunities to the market players.
On the other hand, fluctuation in cost of crude oil due to economic changes, concerns related with material wastage, strict regulations for thermal spray coatings and emergence of superior substitutes are factors expected to obstruct the market growth. Low number of investment in the research and development programs by end-user industries and lack of skilled workforce are factors projected to challenge the thermal spray coatings market in the above mentioned forecast period.
This thermal spray coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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 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.
Thermal Spray Coatings Market Scope and Market Size
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 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.
Global Thermal Spray Coatings Market Country Level Analysis
Thermal spray coatings market is analyzed and market size, volume information is provided by country, material, process and 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 (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the thermal spray coatings market due to the rise in personal disposable income, growth in modernization and urbanization and increase in demand from several end-use industries such as aerospace in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, 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
Thermal spray coatings market competitive landscape provides details by 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 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 (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Thermal Spray Coatings Market
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