Asia-Pacific Thermal Spray Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts 2017 - 2022

  • ID: 4390316
  • Report
  • Region: Asia Pacific
  • 137 pages
  • Mordor Intelligence
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The Asia-Pacific thermal spray market was valued at USD 2.272 billion in 2015, and it is expected to grow at a CAGR of 8.40% to reach USD 3.40 billion by 2020. The aforementioned market size includes the revenue being generated through all major components of the thermal spray process, including the material, equipment and coating being created. Thermal spray is a group of industrial processes, which generally include the propelling of micrometer-size particles of molten or semi-molten materials to create a protective or decorative coating on the surface of the desired substrate. The thermal spray coating provides various advantages to the end-users, such as lower coating cost, improved engineering performance and increased component life.

Thermal spray processes can be primarily segmented into combustion-based and electric energy-based processes. In the Asia-Pacific thermal spray market report, the aforementioned processes have further been divided into Low Velocity (Wire/Powder), High Velocity (HVOF), Detonation; and Wire Arc, Plasma, & Cold Spray, respectively. On the basis of materials, the Asia-Pacific thermal spray market is segmented into coating materials and supplementary materials (auxiliary materials). The coating materials are further segmented into powders, wires/rods, and others (liquid). The powders are further drilled down into various sub segments: metal-based (pure metals & alloys, precious metals, and MCrAIY), ceramic-based (ceramic oxides (alumina, chromia, titania, zirconia, and others), cermets, and carbides), and polymers & others. By equipment, the global thermal spray market is segmented into thermal spray coating systems, dust collection equipment, spray guns & nozzles, feeder equipment, spare parts, noise-reducing enclosures, and others.

Thermal spray techniques, owing to their superior deposition rate, in comparison to other traditional coating processes, are an integral part of various major industrial sectors. In the Asia-Pacific thermal spray market report, we have taken the following major end-user sectors into consideration: automotive, aerospace, industrial gas turbines, energy & power, electronics, oil & gas, medical devices, and others. The Aerospace end-user segment accounted for XX% share of the Asia-Pacific thermal spray market in 2015.

This market is driven by a number of factors, such as growing thermal spray applications in automotive and aerospace sector, increased usage in medical devices, and replacement of hard chrome coating with thermal spray coatings. However, this market faces certain drawbacks, such as emergence of hard trivalent chrome coating, consumer trust issues regarding process reliability and consistency, and dearth of usage in emerging economies. These factors may act as a roadblock to the growth of the market.

The market has also been geographically segmented based on consumption. The country specific analysis includes China, India, Japan, South Korea, Australia & New Zealand and ASEAN countries. In terms of consumption, in 2015, Japan led the market, followed by China and India. The increased use of thermal spray techniques in the electronics sector in Japan was the primary driving force behind the countrys market growth.

The growing use of thermal spray processes in oil & gas sector, along with the advancements in spraying technology (cold spray process) will offer numerous opportunities in the growth of the global thermal spray market. Some of the major international companies and vendors in the market include Flame Spray Technologies Pte Ltd. (Flame Spray Technologies BV), H.C. Starck, Oerlikon Metco, Praxair Surface Technologies, Treibacher Industrie AG, and The Fisher Barton Group (Thermal Spray Technologies).

Key Deliverables:

Market analysis for the Asia-Pacific Thermal spray market, with country specific assessments and competition analysis on regional scale
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional and national scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Asia-Pacific Thermal spray market on both regional and national scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
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1. Introduction
1.1 Description
1.2 Research Methodology
2. Executive Summary
3. Asia-Pacific Thermal Spray Market
3.1 Market Definition
3.2 Industry Value Chain Analysis
3.3 Technological Snapshot
3.3.1 Price Comparison
3.3.2 Performance Analysis
3.4 Industry Attractiveness - Porter's Five Forces Model
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Growing Thermal Spray Applications in Automotive Sector and Aerospace Sector
4.1.2 Increased Thermal Spray Usage in Medical Devices
4.1.3 Rising Popularity of Thermal Spray Ceramic Coatings
4.1.4 Replacement of Hard Chrome Coating
4.2 Restraints
4.2.1 Emergence of Hard Trivalent Chrome Coating
4.2.2 Trust Issues Regarding Process Reliability and Consistency
4.2.3 Dearth of Usage in Emerging Economies
4.3 Opportunities
4.3.1 Growing Usage in Oil & Gas Sector
4.3.2 Advancements in Spraying Technology (Cold Spray Process)
4.3.3 Recycling Thermal Spray Processing Materials
4.3.4 Development of Novel Cheaper Products
4.3.5 Shifting Focus towards Nanocomposite Thermal Spray Powders
5. Thermal Spray Industry Market Segmentation and Analysis
5.1 By Thermal Spray Coatings and Finishing (Process Type)
5.1.1. Combustion
5.1.1.1 Low Velocity (Wire/Powder)
5.1.1.2 High Velocity (HVOF)
5.1.1.3 Detonation
5.1.2 Electric Energy
5.1.2.1 Wire Arc
5.1.2.2 Plasma
5.1.2.3 Cold Spray
5.2 By Thermal Spray Materials (Product Type)
5.2.1 Coating Materials
5.2.1.1 Powders
5.2.1.1.1 Metal-based
5.2.1.1.1.1 Pure Metal & Alloys
5.2.1.1.1.2 Precious Metals
5.2.1.1.1.3 MCrAIY
5.2.1.1.2 Ceramic-based
5.2.1.1.2.1 Ceramic Oxides
5.2.1.1.2.1.1 Alumins
5.2.1.1.2.1.2 Chromia
5.2.1.1.2.1.3 Titania
5.2.1.1.2.1.4 Zirconia
5.2.1.1.2.1.5 Others
5.2.1.1.2.2 Cermets
5.2.1.1.2.3 Carbides
5.2.1.1.3 Polymers and Others
5.2.1.2 Wires/Rods
5.2.1.3 Others (Liquid)
5.2.2 Supplementary Materials (Auxillary Materials)
5.3 By Thermal Spray Equipment (Product Type)
5.3.1 Thermal Spray Coating Systems
5.3.2 Dust Collection Equipment
5.3.3 Spray Guns and Nozzles
5.3.4 Feeder Equipment
5.3.5 Spare Parts
5.3.6 Noise-Reducing Enclosures
5.3.7 Others
5.2 By End-User Sector
5.2.1 Automotive
5.2.2 Aerospace
5.2.3 Industrial Gas Turbines
5.2.4 Energy & Power
5.2.5 Electronics
5.2.6 Oil & Gas
5.2.7 Medical Devices
5.2.8 Others
6. Regional Market Analysis
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market-Share Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles
8.1 Thermal Spray Powder Companies
8.1.1 Air Products & Chemicals
8.1.2 AMETEK
8.1.3 C&M Technologies GmbH
8.1.4 Carpenter Technology Asia Pacific (Carpenter Technology)
8.1.5 Castolin Eutectic
8.1.6 Fujimi
8.1.7 Advanced Metallizing Supplies Ltd. (Genie Products Inc.)
8.1.8 H.C. Starck
8.1.9 Hoganas AB
8.1.10 Kennametl Stellite
8.1.11 Diffusion Engineers Ltd (LSN Diffusion Ltd.)
8.1.12 Metallisation Ltd.
8.1.13 Metallizing Equipment Co. Pvt. Ltd
8.1.14 Oerlikon Metco
8.1.15 Praxair Surface Technologies
8.1.16 Saint Gobain
8.1.17 Sandvik Materials Technology
8.1.18 The Fisher Barton Group (Lineage Alloys)
8.1.19 The Linde Group
8.1.20 Thermion
8.1.21 Treibacher Industrie AG
8.2 Thermal Spray Coating Companies
8.2.1 APS Korea Inc. (APS Materials Inc.)
8.2.2 ARC International
8.2.3 ASB Industries
8.2.4 Bodycote Plc.
8.2.5 Castolin Eutectic
8.2.6 Chromalloy Gas Turbine LLC (Chromalloy)
8.2.7 Fujimi
8.2.8 Kennametl Stellite
8.2.9 Metallisation Ltd.
8.2.10 Oerlikon Metco
8.2.11 Pamarco
8.2.12 Praxair Surface Technologies
8.2.13 The Fisher Barton Group (Thermal Spray Technologies)
8.2.14 The Linde Group
8.2.15 Thermion
8.2.16 TOCALO Co. Ltd
8.3 Thermal Spray Equipment Companies
8.3.1 Air Products & Chemicals
8.3.2 ASB Industries Inc.
8.3.3 Camfil Air Pollution Control
8.3.4 Castolin Eutectic
8.3.5 Donaldson Company Inc.
8.3.6 Flame Spray Technologies Pte. Ltd. (Flame Spray Technologies BV)
8.3.7 GTV Verschleiss-Schutz
8.3.8 Integrated Global Services
8.3.9 Kennametl Stellite
8.3.10 Kurt Lesker Shanghai Trading Company (Kurt J. Lesker Company)
8.3.11 Lincoln Electric Holdings Inc.
8.3.12 Metallisation Ltd.
8.3.13 Metallizing Equipment Co. Pvt. Ltd
8.3.14 Oerlikon Metco
8.3.15 Praxair Surface Technologies
8.3.16 Saint Gobain
8.3.17 Thermion Inc.
9. Disclaimer
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