Global Thermal Spray Coating Market Size Study, by Material, by Process (Flame Spraying, Arc Spraying, Plasma Spraying, High-Velocity Oxygen Fuel, Others), by End-Use Industry and Regional Forecasts 2022-2032

Description

Global Thermal Spray Coating Market is valued approximately at USD 10.18 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2024-2032. Thermal spray coating, a technique that utilizes powder coating material melted into droplets and sprayed onto surfaces at high velocities, is crucial in protecting components from wear, corrosion, and high temperatures. This process, also known by various names such as spray welding, plasma spray, and High-Velocity Oxygen Fuel (HVOF), is extensively applied to metal substrates in industries where component durability is paramount. The growing demand for automobiles, driven by increasing disposable incomes and improved standards of living in developing countries like China and India, significantly boosts the market for thermal spray coatings. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global automobile manufacturing production rate surged by 8% in 2018 compared to the previous year. High-performance ceramic coatings, utilized on automotive engine components, enhance fuel efficiency by protecting components from oxidation, thereby increasing their demand. However, the high initial setup cost due to the expensive apparatus required for thermal spray coatings and the difficulty in assessing coating absorption restrict their broader application, particularly in the medical sector.

The expanding automotive, aerospace, and heavy machinery industries, along with the military and civil airliner sectors, have driven the increased adoption of thermal spray coating technology. In the automotive industry, thermal spray coatings are used to coat piston and synchronizer rings, while in aerospace, they protect engine turbine blades from extreme temperatures, ensuring prolonged reliability. These coatings are also replacing hard chromium plating, offering improved performance and thus driving market growth.

The global thermal spray coating market is segmented based on material, process, end-use industry, and region. By material, the market includes ceramics, metal & alloys, and others like plastics and composites. The metal & alloys segment is projected to grow at the highest CAGR during the forecast period.

The key regions considered for the global Thermal Spray Coating Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is a dominating region in the Thermal Spray Coating Market in terms of revenue. The market growth in the region is being attributed to factors including rising demand from various end-use industries such as automotive, oil & gas exploration, and healthcare. China is expected to play a major role in market growth due to its expanding industrial base and increasing disposable incomes. Whereas, the market in North America is anticipated to grow at the significant rate over the forecast period. Strong demand from key industries like aerospace, automotive, and energy fuels growth. These industries rely heavily on coatings for enhanced performance, durability, and corrosion resistance in critical components. Additionally, government funding for research and development of innovative coatings in the U.S. and Canada further propels the market forward. This focus on innovation, coupled with established manufacturing capabilities, positions North America as a leader in thermal spray coating technology.

Major market players included in this report are:

3M
A&A Thermal Spray Coatings, Inc.
APS Materials, Inc.
CoorsTek, Inc.
Dupont De Nemours, Inc.
Integrated Global Services, Inc.
KCC Corporation (KCC)
Linde Plc
Morgan Advanced Materials plc
Fosbel
Keronite Group
Oerlikon Metco
Swain Tech Coatings
Saint-Gobain S.A.
Bodycote plc

The detailed segments and sub-segment of the market are explained below:

By Material

Ceramics
Metal & Alloys
Others

By Process

Flame Spraying
Arc Spraying
Plasma Spraying
High-Velocity Oxygen Fuel (HVOF)
Others

By End-Use Industry

Automotive
Aerospace
Industrial
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Thermal Spray Coating Market Executive Summary

1.1. Global Thermal Spray Coating Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By Process
- 1.3.3. By End-Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Thermal Spray Coating Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Thermal Spray Coating Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Disposable Incomes
- 3.1.2. Growing Automotive and Aerospace Industries
- 3.1.3. Advancements in Thermal Spray Coating Technologies
3.2. Market Challenges
- 3.2.1. High Initial Setup Costs
- 3.2.2. Difficulty in Assessing Coating Absorption
3.3. Market Opportunities
- 3.3.1. Expansion in Developing Countries
- 3.3.2. Increasing Demand in Healthcare and Heavy Machinery Sectors
- 3.3.3. Rising Adoption in Military and Civil Airliner Applications

Chapter 4. Global Thermal Spray Coating Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Thermal Spray Coating Market Size & Forecasts by Material (2022-2032)

5.1. Segment Dashboard
5.2. Global Thermal Spray Coating Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Ceramics
- 5.2.2. Metal & Alloys
- 5.2.3. Others

Chapter 6. Global Thermal Spray Coating Market Size & Forecasts by Process (2022-2032)

6.1. Segment Dashboard
6.2. Global Thermal Spray Coating Market: Process Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Flame Spraying
- 6.2.2. Arc Spraying
- 6.2.3. Plasma Spraying
- 6.2.4. High-Velocity Oxygen Fuel (HVOF)
- 6.2.5. Others

Chapter 7. Global Thermal Spray Coating Market Size & Forecasts by End-Use Industry (2022-2032)

7.1. Segment Dashboard
7.2. Global Thermal Spray Coating Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Automotive
- 7.2.2. Aerospace
- 7.2.3. Industrial
- 7.2.4. Others

Chapter 8. Global Thermal Spray Coating Market Size & Forecasts by Region (2022-2032)

8.1. North America Thermal Spray Coating Market
- 8.1.1. U.S. Thermal Spray Coating Market
  - 8.1.1.1. Material breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Process breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-Use Industry breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Thermal Spray Coating Market
8.2. Europe Thermal Spray Coating Market
- 8.2.1. UK Thermal Spray Coating Market
- 8.2.2. Germany Thermal Spray Coating Market
- 8.2.3. France Thermal Spray Coating Market
- 8.2.4. Spain Thermal Spray Coating Market
- 8.2.5. Italy Thermal Spray Coating Market
- 8.2.6. Rest of Europe Thermal Spray Coating Market
8.3. Asia-Pacific Thermal Spray Coating Market
- 8.3.1. China Thermal Spray Coating Market
- 8.3.2. India Thermal Spray Coating Market
- 8.3.3. Japan Thermal Spray Coating Market
- 8.3.4. Australia Thermal Spray Coating Market
- 8.3.5. South Korea Thermal Spray Coating Market
- 8.3.6. Rest of Asia Pacific Thermal Spray Coating Market
8.4. Latin America Thermal Spray Coating Market
- 8.4.1. Brazil Thermal Spray Coating Market
- 8.4.2. Mexico Thermal Spray Coating Market
- 8.4.3. Rest of Latin America Thermal Spray Coating Market
8.5. Middle East & Africa Thermal Spray Coating Market
- 8.5.1. Saudi Arabia Thermal Spray Coating Market
- 8.5.2. South Africa Thermal Spray Coating Market
- 8.5.3. Rest of Middle East & Africa Thermal Spray Coating Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. 3M
- 9.1.2. A&A Thermal Spray Coatings, Inc.
- 9.1.3. APS Materials, Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. CoorsTek, Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Dupont De Nemours, Inc.
- 9.3.3. Integrated Global Services, Inc.
- 9.3.4. KCC Corporation (KCC)
- 9.3.5. Linde Plc
- 9.3.6. Morgan Advanced Materials plc
- 9.3.7. Fosbel
- 9.3.8. Keronite Group
- 9.3.9. Oerlikon Metco
- 9.3.10. Swain Tech Coatings
- 9.3.11. 3M
- 9.3.12. A&A Thermal Spray Coatings, Inc.
- 9.3.13. APS Materials, Inc.
- 9.3.14. Saint-Gobain S.A.
- 9.3.15. Bodycote plc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes