1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Paint and Coating Market Trends
Thermal spray coatings Market by Materials ; By End User ; and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

Thermal spray coatings Market by Materials ; By End User ; and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

  • April 2022
  • 179 pages
  • ID: 6192213
  • Format: PDF
  • Fatpos Global Pvt. Ltd.

Summary

Table of Contents

Thermal Spray Coatings Market to surpass USD 14.73 billion by 2030 from USD 7.95 billion in 2020 at a CAGR of 7.1% in the coming years, i.e., 2021-30.

Product Overview
Thermal spray coating is a coating procedure that coats a surface with the powder coating material. The powder coating material is melted into droplets and sprayed at high speeds onto a surface. Spray welding, plasma spray, High-Velocity Oxygen Fuel (HVOF), and flame spray are all terms used to describe the technique of applying thermal spray coating on metal surfaces. Thermal spray coating technology is utilized on a wide range of rotating and moving parts of equipment such as automotive engines, aerospace turbines, and machine tools that work in harsh conditions where component life is reduced by erosion, wear, corrosion, or heat.

Market Highlights
Global Thermal spray coatings market is expected to project a notable CAGR of 7.1% in 2030.

Global Thermal spray coatings to surpass USD 14.73 billion by 2030 from USD 7.95 billion in 2020 at a CAGR of 7.1% in the coming years, i.e., 2021-30. The expanding product application breadth, as well as benefits such as wear and corrosion protection, low poisonous gas emissions, thickness capabilities, and electrical resistance, is expected to boost the global market. Furthermore, rising product demand from industrial gas turbine applications, as well as a growing preference for thermal spray coatings over hard chrome coatings, are likely to drive market expansion. Furthermore, technical advancements aimed at the creation of cost-effective goods are likely to boost the market growth.



Global Thermal spray coatings: Segments
Ceramics segment to grow with the highest CAGR during 2020-30

Global Thermal spray coatings market is segmented by materials into Ceramics, Metals & Alloys, and Others. The ceramic material segment held the largest market share in the year 2020 owing to its low cost and ease of accessibility. The aerospace, healthcare, automotive and other end-use industries are also driving expansion. After ceramics, metals and alloys are the most popular materials. During the projected period, metal and alloys would be the second most used material in the thermal spray coatings market.

Aerospace segment to grow with the highest CAGR during 2020-30

Global Thermal spray coatings market is divided by end-user into Aerospace, Automotive, Healthcare, Agricultural Machinery, Energy & Power, Electronics and Others. Over the forecast period, the aerospace segment is projected to expand at the fastest pace. The aerospace industry’s boom and demand backlog are mostly to blame for this expansion. Thermal spray coatings are also used extensively in the automotive industry. Furthermore, to meet the demand for commercial and defense aircraft, major aircraft manufacturers will enhance their production capacity.



Market Dynamics
Drivers

Rising demand for automobiles and improved standard of living

The demand for automobiles rises as customers’ disposable income and spending power rises, as well as the standard of living improves in developing countries like China and India. To improve fuel efficiency, high-performance ceramic coatings are applied to vehicle engine components. It has physical qualities that protect the components against oxidation, such as high-temperature resistance. The need for thermal spray coatings is expected to rise as a result of this factor.

High usage in automotive applications and durability

The use of thermal spray coating technology has increased as the automotive, aerospace, and heavy industrial sectors, as well as military and civil aero planes, have grown. In automotive applications, thermal spray coating is used to coat piston and synchronizer rings. Thermal spray coating is also used in aircraft to coat engine turbine blades and protect them from severe temperatures while also ensuring greater durability over long periods of time. To increase performance, these coatings are replacing hard chromium plating as the preferred coating process. This element is expected to propel the market forward.

Restraint
High cost associated with it and limited employment

It’s generally difficult to know how thoroughly a thermal spray coating has been absorbed without a visual inspection after it’s been sprayed. Furthermore, thermal spray coatings necessitate very expensive equipment, resulting in a high initial set-up cost. Thermal spray coating’s employment is likely to be limited as a result of these issues, particularly in the medical field.

Global Thermal spray coatings: Key Players

Wall Colmonoy Corp.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Powder Alloy Corp.
Saint-Gobain S.A.
Carpenter Technology Corp.
Durum Verschleiss-Schutz GmbH
Montreal Carbide Co. Ltd.
Progressive Surface, Inc.
American Roller Company, LLC
Lincotek Surface Solutions
Other Prominent Players
Global Thermal spray coatings: Regions
Global Thermal spray coatings market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The market for thermal spray coatings is dominated by North America. Increased urbanization and industrialization, rising consumer disposable income, and rising demand from various end-use industries, such as aerospace, are all contributing to this increase. The thermal spray coating market is also predicted to increase due to the cheap availability of raw materials in the region.

Global Thermal spray coatings is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
The Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Thermal spray coatings report also contains analysis on:
Thermal spray coatings Segments:

By Materials
Ceramics
Metals & Alloys
Others
By End User
Aerospace
Automotive
Healthcare
Agricultural Machinery
Energy & Power
Electronics
Others
Thermal spray coatings Dynamics
Thermal spray coatings Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Thermal spray coatings Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD 7.95 billion
Revenue forecast in 2030 USD 14.73 billion
Growth Rate CAGR of 7.1% from 2021 to 2030
Base year for estimation 2020
Quantitative units
Revenue in USD million and CAGR from 2021 to 2030

Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered Material, end user and Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled Wall Colmonoy Corp, Powder Alloy Corp., Saint-Gobain S.A., Carpenter Technology Corp., Durum Verschleiss-Schutz GmbH, Montreal Carbide Co. Ltd., Progressive Surface, Inc., American Roller Company, LLC, Lincotek Surface Solutions. and Other Prominent Players

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on