PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1552977
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1552977
The thermal spray coating equipment and services market is projected to grow from USD 14.0 billion in 2024 to USD 17.8 billion by 2030, at a CAGR of 4.1% from 2024 to 2030. The aerospace industry is a key driver of the thermal spray coating equipment and services market. Thermal spray coating equipment and services are commonly employed in aircraft engines, turbine blades, aerospace structures, and defense equipment to improve performance, reduce weight, and increase durability.
Scope of the Report | |
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Years Considered for the Study | 2021-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Million/Billion) |
Segments | Process, Product, End-Use, and Region |
Regions covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
"By process, the combustion flame segment is estimated to be the largest segment of the thermal spray coating equipment and services market from 2024 to 2030."
Based on the process, the combustion flame is estimated to be the largest segment during the forecast period. The combustion flame process facilitates excellent bond strength and adhesion between the coating and substrate. The high temperatures and velocity of the particles generated by the flame promote strong metallurgical bonding, resulting in a durable and resilient coating. This is particularly crucial for applications where the coating must withstand high temperatures, mechanical stress, or corrosive environments. Hence, these factors are propelling the market growth for the combustion flame segment.
"By material, ceramics is estimated to be the largest segment of the thermal spray coating equipment and services market from 2024 to 2030."
Based on material, ceramics are projected to account for the highest share in the thermal spray coating equipment and services market during the projection period. Ceramic coatings provide high electrical insulating characteristics. They are utilized in situations that need low electrical conductivity or insulation. Examples are electrical components, circuit boards, and high-voltage insulators.
"From 2024 to 2030, by end-use, aerospace is expected to be the largest end-use segment in the thermal spray coating equipment and services market."
Aerospace is estimated to account for the largest share in the thermal spray coating equipment and services market during the forecast period based on end-use. Thermal spray coatings are employed in thermal protection systems (TPS) for spacecraft and re-entry vehicles. TPS coatings, such as ablation and insulating materials, are designed to withstand extreme temperatures during atmospheric re-entry and protect the underlying structures from heat damage.
"The North America region's thermal spray coating equipment and services market is projected to witness the highest share during the forecast period."
North America will register the greatest share in the thermal spray coating equipment and services market from 2024 to 2030. The automobile industry in North America is another significant driver of the thermal spray coating equipment and services market. Coatings are used on automobile components like engine parts, piston rings, and transmission systems to improve performance, reduce friction, and increase fuel economy. Thermal spray coatings are projected to become more prevalent in the automobile industry due to a greater demand for lightweight materials and improved engine performance.
The thermal spray coating equipment and services report is dominated by players such as
Linde AMT (US), OC Oerlikon Management AG (Switzerland), Hoganas AB (Sweden), Saint Gobain (US), and Curtiss-Wright Corporation (US), Ador Fontech Limited (India), Bodycote (UK), Curtiss-Wright Corporation (US), Kennametal Inc. (US), The Lincoln Electric Company (US), A&A Thermal Spray Coatings (US), Aimtek (US), Alloy Metal Surface Technologies (India), and Wall Colmonoy (US), and others.
The report defines, segments, and projects the thermal spray coating equipment and services market size based on product, process, end-use, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, agreements, and acquisitions undertaken by them in the market.
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the thermal spray coating equipment and services market and its segments. This report is also expected to help stakeholder businesses and the market's competitive landscape better, gain insights to improve the position of their companies, and make suitable go-to-market strategies. It also enables stakeholders to understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The thermal spray coating equipment and services market is across varied regions.
geographies, recent developments, and investments in the thermal spray coating equipment and services market.
offerings of leading players Linde AMT (US), OC Oerlikon Management AG (Switzerland), Hoganas AB (Sweden), Saint Gobain (US), and Curtiss-Wright Corporation (US), Ador Fontech Limited (India), Bodycote (UK), Curtiss-Wright Corporation (US), Kennametal Inc. (US), The Lincoln Electric Company (US), A&A Thermal Spray Coatings (US), Aimtek (US), Alloy Metal Surface Technologies (India), and Wall Colmonoy (US), among others in the thermal spray coating equipment and services