Thermal Spray Coating Market to Eyewitness Massive Growth by 2025

Increasing demand from several end-use industries such as aerospace, automotive, industrial gas turbine and healthcare among many others is prominently driving the growth of the Global Thermal Spray Coatings Market 

The Global Thermal Spray Coatings Market was estimated at USD 9.60 billion in the year 2020, and is expected to reach USD 13.90 billion by 2027. The market is growing with a CAGR of 5.4%, in the forecast period (2017-2027).

The major factor attributing to the growth in thermal spray coatings market is the rising application of thermal spray coatings in aerospace industry. Aircraft’s components function in harsh environments, thus, exposed to high heat, abrasive chemicals and pressure. Thermal spray coatings help in protecting the engine parts, by improving its performance and extending the component life. The aerospace sector mainly uses thermal spray coats to provide protective coatings to protect aircraft components. Thermal spray coatings offer several advantages for aircraft gas turbines, such as resistance from contaminants, improved corrosion resistance, better thermal efficiency, reduced nitrogen oxide (NOX) emissions and increased component life. In addition, growing air trafficking rate is expected to have a favorable impact on the growth of aerospace industry, thereby, driving the thermal spray coatings market. The data released by The International Air Transport Association (IATA) in April 2018, shows that, air transport passenger is expected to double and reach 8.2 billion in 2037. Therefore, increasing application of thermal spray coatings in aerospace industry, along with growing air trafficking are expected to drive the thermal spray coatings market during the forecast period.

Thermal Spray Coatings Market Segments as Follows

By Product Type

  • Ceramics
  • Metals & Alloys
  • Others (Polymers, Carbides and Composites)

By Process Type

  • Cold spray
  • Flame spray
  • Plasma spray
  • HVOF
  • Electric arc spray
  • Others

By Application

  • Aerospace
  • Industrial gas turbine
  • Automotive
  • Healthcare
  • Oil & Gas
  • Steel
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest of Asia Pacific
  • South America
  • ROW 

Key Findings:

  • Based on material, the ceramics segment held the most dominant share in the market in
  • Based on technology, the Plasma spray technology captured more than 30% of the market revenue share in the year 2020.
  • Based on application, the aerospace industry dominated the thermal spray coatings market and is expected to remain constant during the forecast
  • Based on region, North America held the largest share in the global thermal spray coatings

The key players operating in the market are:

  1. Praxair Surface Technologies
  2. Hoganas AB
  3. C. Starck Inc.
  4. Castolin Eutectic
  5. Wall Colmony Corporation
  6. Powder Alloy Corporation
  7. Saint-Gobain A.
  8. Carpenter Technology Corporation
  9. Fujimi Incorpoarated
  10. Durum Verschleiss-Schutz GmbH
  11. Montreal Carbide Ltd.
  12. Kennametal Stellite
  13. Oerlikon Metco
  14. AMT AG
  15. Flame Spray Technologies
  16. Medicoat AG
  17. Progressive Surface
  18. TOCALO , Ltd.
  19. American Roller Company

Recent News:

  • In February 2018, PG Technologies announced to expand its production for adding an additional coatings capacity in the Singapore market for meeting the growing demand from country’s aviation
  • In June 2018, H.C. Starck, a leading producer of technology metal powders has launched molybdenum thermal spray powders. These technologically advanced spray powders will be helpful in providing coatings for large areas as well as small metal components that are prone to erosion, wear and

Get More Information: https://www.researchcmfe.com/report/43/thermal-spray-coatings- market

The post Thermal Spray Coating Market to Eyewitness Massive Growth by 2025 appeared first on Civil + Structural Engineer magazine.



source https://csengineermag.com/thermal-spray-coating-market-to-eyewitness-massive-growth-by-2025/

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