In 2023, the sold production of metallic coating by thermal spraying in Austria stood at 8.3755 million euros. From 2013 to 2023, the industry saw various fluctuations. The lowest point in the counted period was in 2020 with a notable decline of 16.58% year-on-year, attributed to the economic impact of the pandemic. The value then rebounded in 2021 by 15.02%, signaling recovery. The overall compound annual growth rate (CAGR) over the past five years, leading up to 2023, was 0.49%, showing moderate stability and growth in the industry.
Future trends forecast a steady growth with a forecasted CAGR of 0.39% over the next five years, culminating in an estimated market size of 8.5544 million euros by 2028, marking an anticipated total growth of 1.97%. Key trends to watch include advancements in thermal spraying technology, green manufacturing practices, and shifts in demand from various industrial sectors.
