News:Global Thermal Spray Coatings Market is projected to exhibit at a CAGR of over 6.5% to reach a value of more than USD 16.8 billion by 2027

News
5 min readJul 27, 2020

THERMAL SPRAY COATINGS MARKET: Summary

The Global Thermal Spray Coatings Market is projected to exhibit at a CAGR of over 6.5% to reach a value of more than USD 16.8 billion by 2027.

Thermal spraying is a technology that improves or restores the surface of a solid material. The process involves heating a material in powder or wire form to a molten or semi-molten state. The heated material is sprayed on the substrate material at a high velocity. It is used to provide resistance against wear, erosion, cavitation, corrosion, abrasion, and heat.

Thermal spraying is also used to provide electrical conductivity or insulation, lubricity, high or low friction, chemical resistance, and many other desirable surface properties.

THERMAL SPRAY COATINGS MARKET: Drivers & CHALLENGES

Market Drivers:

  • High Demand from Major End-use Industries

Extensive use of thermal spray coatings in end-use industries such as aerospace, automotive, and healthcare is one of the key drivers for the market growth. The aerospace industry remains the largest contributor to the growth of the thermal spray coatings market, owing to the requirement of high thermal and wear resistance. Thermal spray coatings are being used in a wide range of aerospace components such as jet engine components, turbine blades, and landing gears, among others.

Additionally, the coatings are used in the healthcare industry for various applications such as prosthetics, orthopedics, dental implants, among others.

Figure: Healthcare Spending (% of GDP), 2018

Source: Organisation for Economic Co-operation and Development

Thus, extensive growth of major end-use industries across the globe is projected to propel the market demand.

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  • Use as a Replacement of Hard Chrome Coatings

Stringent regulations by the US Environmental Protection Agency and European Chemicals Agency on the use of high VOC content coatings such as hard chrome coatings. Additionally, thermal spray coatings are inexpensive, thus having a positive impact on their demand.

Therefore, use of thermal spray coatings as a substitute for hard chrome coatings is a driver of the global market.

Market Restraint:

  • Disadvantages Associated with Thermal Spray Coatings

Although thermal spray coatings exhibit numerous advantages, it has certain drawbacks. Firstly, the process requires a high initial set-up cost on the account of an expensive apparatus. The process restricts the precise evaluation of its effectiveness, apart from a visual assessment. Moreover, Thermal spray systems can produce ultraviolet light. For instance, plasma systems are known to operate at high intensity in the UV-C region while flame spray processes can produce radiation that resides in the erythemal or UV-B region. Prolonged exposure to such radiation may cause flash burns damage to the eyes, altered skin cell growth, and skin burns.

Therefore, disadvantages associated with thermal spray coatings is a major restraining factor.

Thermal Spray Coatings market: Key segments

  • Based on the material type, the global thermal spray coatings market is segmented into Aluminum, Steel, Copper, Bronze, Carbides, Ceramics, and Others.
  • On the basis of process, the market has been segmented into Plasma Spray, High Electric Arc Spray, High Velocity Oxy-Fuel Spray, Vacuum Plasma Spray, and Others.
  • Major end-users of this market are Aerospace, Automotive, Oil & Gas, Medical, Mining, Paper & Pulp, and Others.
  • Regions covered in the global thermal spray market include North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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Thermal Spray Coatings MARKET: Report SCOPE

The report on the thermal spray coatings market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2020

Forecasted Period

2021–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million) Volume (Kiloton)

Segments Included

Material Type, Process, and End-users

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South Africa

KEY Companies Covered

  • Praxair S.T. Technology, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Bodycote
  • Oerlikon Metco
  • H.C. Starck GmbH
  • F.W. Gartner Thermal Spraying
  • A & A COATINGS
  • BryCoat Inc.
  • ASB Industries, Inc.
  • Precision Coatings, Inc.
  • Air Products and Chemicals, Inc.
  • General Magnaplate Corporation
  • Other Key Companies

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Thermal Spray Coatings MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Thermal Spray Coatings Market, by Material Type

  • Aluminum
  • Steel
  • Copper
  • Bronze
  • Carbides
  • Ceramics
  • Others

Thermal Spray Coatings Market, by Process

  • Plasma Spray
  • High Electric Arc Spray
  • High Velocity Oxy-Fuel Spray
  • Vacuum Plasma Spray
  • Others

Thermal Spray Coatings Market, by End-Users

  • Aerospace
  • Automotive
  • Oil & Gas
  • Medical
  • Mining
  • Paper & Pulp
  • Others

Thermal Spray Coatings Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL THERMAL SPRAY COATINGS MARKET BY MATERIAL TYPE, Market Size in USD Million and Kiloton (2019–2027)

7 GLOBAL THERMAL SPRAY COATINGS MARKET BY PROCESS, Market Size in USD Million and Kiloton (2019–2027)

8 GLOBAL THERMAL SPRAY COATINGS MARKET BY END-USERS, Market Size in USD Million and Kiloton (2019–2027)

9 GLOBAL THERMAL SPRAY COATINGS MARKET BY REGION, Market Size in USD Million and Kiloton (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

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