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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477251
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477251
Thermal Spray Coatings Market, By Material, By Process (Conventional Flame Spray, Plasma Spray, Retail Stores, HVOF, Cold Spray, and Others), By Application, By Geography
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The thermal spray coatings market is estimated to be valued at USD 11.11 Bn in 2024 and is expected to reach USD 17.49 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 11.11 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 6.70% | 2031 Value Projection: | US$ 17.49 Bn |
Figure 1.Thermal Spray Coatings Market Share (%), By Region, 2024
Thermal spray coatings refer to the process of spraying molten or heated materials, such as metal, alloys, or ceramics, onto the surface of a substrate material to obtain a dense ceramic or metallurgic bond coating. Thermal spray technology is gaining widespread acceptance in various end-use industries owing to its unique advantages such as versatility, ability to spray a wide variety of materials, and coat quality matching expensive bond coats. The process helps improve surface properties of the substrate materials including wear and corrosion resistance, oxidation resistance at elevated temperatures, and electrical conductivity. Rising demand from the aerospace, industrial gas turbines, automotive, and healthcare industries is expected to drive the growth of the global thermal spray coatings market over the forecast period.
Market Dynamics:
The global thermal spray coatings market is driven by factors such as the growing demand for wear and corrosion resistant coatings from end-use industries, increasing utilization of thermal spray technology in repair and maintenance activities, and stringent environmental regulations regarding volatile organic compound emissions from conventional liquid coatings. However, high capital investments for the procurement of thermal spray equipment and availability of competitive technologies such as physical and chemical vapor depositions are expected to restrain the market growth. On the other hand, the development of nanostructured and bio-compatible thermal spray coatings present new opportunities for market participants. In addition, thermal spray technology offers an economical alternative to expensive bond coats and has high transfer efficiency of materials, thereby reducing wastage.
Key Features of the Study:
- This report an provides in-depth analysis of the global thermal spray coatings market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global thermal spray coatings market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Praxair Surface Technologies , H.C. Starck, Bodycote PLC, Oerlikon Metco, Surface Technology International Ltd, ASB Industries Inc., A&A Coatings, Flame Spray Technologies, Metallisation Ltd , TWI Ltd , Metallizing Equipment Co. Pvt. Ltd. , Plasma-Tec, Inc. , Integrated Global Services, Progressive Surface , FST Coatings Inc., Thermion Inc. , Oerlikon Balzers , Tafa Incorporated , Metallizing Equipment Co. Pvt. Ltd., and TST Coatings, Inc
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global thermal spray coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global thermal spray coatings market
Detailed Segmentation-
- By Material:
- Metals
- Alloys
- Carbides
- Ceramics
- Intermetallic
- Others
- By Process:
- Conventional Flame Spray
- Plasma Spray
- Retail Stores
- HVOF (High Velocity Oxy-fuel)
- Cold Spray
- Others
- By Application:
- Aerospace
- Industrial Gas Turbines
- Automotive
- Medical
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Praxair Surface Technologies
- H.C. Starck
- Bodycote PLC
- Oerlikon Metco
- Surface Technology International Ltd
- ASB Industries Inc.
- A&A Coatings
- Flame Spray Technologies
- Metallisation Ltd
- TWI Ltd
- Metallizing Equipment Co. Pvt. Ltd.
- Plasma-Tec, Inc.
- Integrated Global Services
- Progressive Surface
- FST Coatings Inc.
- Thermion Inc.
- Oerlikon Balzers
- Tafa Incorporated
- Metallizing Equipment Co. Pvt. Ltd.
- TST Coatings, Inc
Product Code: CMI3275
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material
- Market Snippet, By Process
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Thermal Spray Coatings Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Thermal Spray Coatings Market
- Impact Analysis
5. Global Thermal Spray Coatings Market, By Material, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Metals
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Alloys
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Carbides
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Ceramics
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Intermetallic
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
6. Global Thermal Spray Coatings Market, By Process, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Conventional Flame Spray
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Plasma Spray
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Retail Stores
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- HVOF (High Velocity Oxy-fuel)
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Cold Spray
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
7. Global Thermal Spray Coatings Market, By Application, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Aerospace
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Industrial Gas Turbines
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Automotive
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Medical
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
8. Global Thermal Spray Coatings Market, By Region, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- North America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Process, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Process, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Process, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Process, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Process, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- GCC Countries
- Israel
- Rest of Middle East & Africa
9. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Praxair Surface Technologies
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- H.C. Starck
- Bodycote PLC
- Oerlikon Metco
- Surface Technology International Ltd
- ASB Industries Inc.
- A&A Coatings
- Flame Spray Technologies
- Metallisation Ltd
- TWI Ltd
- Metallizing Equipment Co. Pvt. Ltd.
- Plasma-Tec, Inc.
- Integrated Global Services
- Progressive Surface
- FST Coatings Inc.
- Thermion Inc.
- Oerlikon Balzers
- Tafa Incorporated
- Metallizing Equipment Co. Pvt. Ltd.
- TST Coatings, Inc
10. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on Global Thermal Spray Coatings Market" - Global forecast to 2031.
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