Growing Application in Automotive Industry
The automotive industry is poised to become an excellent growth area for thermal spray coatings. In recent years, governments across the world are concentrating on minimizing carbon dioxide, particulate matter and nitrogen oxide emissions, and enhancing fuel economy (as per Corporate Average Fuel Economy standards) of the vehicles. As a result, they are consistently putting pressure on engine and automobile manufacturers to develop and utilize technologies, which aid in reducing emissions and improve the fuel economy of vehicles. Consequently, engine manufacturers are focusing on thermal spray coatings for cylinder bores and other key areas within the engine. Thermal spray coatings are majorly used in transmission parts, suspension system parts, and engine components in the automotive sector.
Furthermore, the increased usage of thermal spray ceramic coating technology in the high-performance car segment is also one of the factors driving the usage of thermal spray technology in the automotive sector. For instance, zirconia-based thermal spray ceramic coatings technology is used in the manufacturing of numerous auto components and accessories in high performance cars. This is attributed to their ability to reduce or minimize the thermal losses or conducted heat losses, improving thermal efficiency for some internal components and externals such as the exhaust system. The growth in the utilization of thermal spray technology by the automotive sector shall subsequently benefit the thermal spray market.
North America Dominates the Market
North America has the highest share in the market, accounting for nearly 33% of the global market share in 2017. The market for North America is driven majorly by the automotive industry in United States. Additionally, there is an extensive network of auto parts suppliers serving the industry. North America constitutes around 34.78% market share of the overall gas turbine electrical power generation. The growing demand for environmental friendly energy production and widespread of smart grid cities are expected to increase the demand for thermal spray in this region.
United States is the Largest Consumer
The economy of the United States is growing at a moderate rate and is expected to grow at a significant rate during the forecast period. Thermal spray applications are poised for growth in the United States. Atomization is the most common method in the powder manufacturing process, producing metal and pre-alloyed powders, or powders consisting of two or more alloyed elements. The country is the world’s largest market for machinery, as well as the third-largest supplier. American manufacturers held a 58.5% share of the US domestic market. Overall, the thermal spray equipment market is expected to grow at higher rate during the forecast period.
Key Developments in the Market
- August 2017: E.ON for the first time is using innovative corrosion protection technology for the construction and operation of offshore wind farms. For this purpose, the company has developed the Thermal Spray Aluminium (TSA) process for coating of the monopoles.
Reasons to Purchase this Report
- Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
- Various market perspectives, with the help of Porter’s five forces analysis
- Regions or countries that are expected to witness the fastest growth during the forecast period
- Product segment, which is going to dominate the market over the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
- 3 months analyst support along with the Market Estimation sheet in excel.
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1.1 Scope of the Study
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Market Definition
3.2 Industrial 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 Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products & Services
3.4.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Thermal Spray Applications in Automotive Sector
4.1.2 Increased Thermal Spray Usage in Medical Devices
4.1.3 Growing Popularity of Thermal Spray Ceramic Coatings
4.1.4 Replacement of Hard Chrome Coating
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
4.3.1 Growing Application in Oil & Gas Sector
4.3.2 Increased Demand from Asia-Pacific
4.3.3 Advancements in the Spraying Technology (Cold Spray Process)
4.3.4 Recycling of Thermal Spray Processing Materials
4.3.5 Development of Novel Cheaper Products
5. Market Segmentation and Anlysis
5.1 By Product Type
126.96.36.199 Coating Materials
188.8.131.52.1.3 Polymers and Others
184.108.40.206.3 Others (liquid)
220.127.116.11 Supplementary Materials (Auxiliary Materials)
5.1.3 By Thermal Spray Equipment
18.104.22.168 Thermal Spray Coating Systems
22.214.171.124 Dust Collection Equipment
126.96.36.199 Spray Guns and Nozzles
188.8.131.52 Feeder Equipment
184.108.40.206 Spare Parts
220.127.116.11 Noise-reducing Enclosures
5.2 By Thermal Spray Coatings and Finishing (Process Type)
18.104.22.168 Low velocity (wire/powder)
22.214.171.124 High velocity (hvof/hvlf/hvaf)
5.2.2 Electric Energy
126.96.36.199 Wire Arc
188.8.131.52 Cold Spray
5.3 By End-User Industry
5.3.2 Industrial Gas Turbines
5.3.5 Oil & Gas
5.3.6 Medical Devices
5.3.7 Energy & Power
6. Regional Market Analysis
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa (MEA)
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisition, Joint Ventures,Collabrations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles(Overview,Financials**, Products & Services, Recent Developments)
8.1 Thermal Spray Powder Companies
8.1.1 5itech (alsher apm)
8.1.2 Air Products & Chemicals, inc.
8.1.3 Amtek inc.
8.1.4 Ardleigh Minerals Inc.
8.1.5 Bay State Surface Technologies, Inc. (aimtek, inc.)
8.1.6 C&M Technologies GMBH
8.1.7 Castolin Eutectic
8.1.8 Fujimi Inc.
8.1.9 Global Tungsten & Powders Corporation
8.1.10 H.C. starck
8.1.11 Hunter Chemical llc
8.1.12 Kennametal Stellite
8.1.13 Lsn Diffusion Ltd.
8.1.14 Metallizing Equipment Co. Pvt. Ltd
8.1.15 Oerlkin Metco
8.1.16 Plasma Powders & Systems Inc.
8.1.17 Polymet Corp.
8.1.18 Praxair Surface Technologies
8.1.19 Saint Gobain
8.1.20 Sandvik ab
8.1.21 Supersonic Spray Technologies (sst) [centerline]
8.1.22 The Fisher Barton Group
8.1.23 The Linde Group
8.1.24 Thermion Inc.
8.1.25 Treibacher Industrie AG
8.2 Thermal Spray Coating Companies
8.2.1 A&A Coatings
8.2.2 APS Materials, Inc.
8.2.3 ASB industries inc.
8.2.4 Castolin Eutectic
8.2.5 Chromalloy Gas Turbine llc
8.2.6 Flame Spray Spa
8.2.7 Fujimi Inc.
8.2.9 Oerlkin Metco
8.2.10 Praxair Surface Technologies
8.2.11 The Fisher Barton Group
8.2.12 The Linde Group
8.2.13 Thermion Inc.
8.3 Thermal Spray Equipment Companies
8.3.1 Air Products and Chemicals
8.3.2 Arzell Inc.
8.3.3 Bay State Surface Technologies Inc. (aimtek)
8.3.4 Camfil Air Pollution Control
8.3.5 Castolin Eutectic
8.3.6 Donaldson Company, Inc.
8.3.7 Flame Spray Technologies BV
8.3.8 Gtv Verschleiss-Schutz
8.3.9 Imperial Systems, Inc.
8.3.10 Integrated Global Services
8.3.11 Kurt J. Lesker (kjlc)
8.3.12 LIncoln Electric Holdings, Inc.
8.3.13 Metallisation ltd.
83.14 Metallizing Equipment Co. Pvt. Ltd
8.3.15 Oerlikon Metco
8.3.16 Powder Feed Dynamics, Inc.
8.3.17 Praxair Surface Technologies
8.3.18 Progressive Surface
8.3.20 Thermach, Inc.
8.3.21 Thermion, Inc.
8.3.22 Kermetico Inc.
8.3.23 Hai inc.
*List Not Exhaustive
- ORLICEN METCO
- A&A COATINGS
- THERMAL SPRAY TECHNOLOGIES
- PRAXIER SURFACE TECHNOLOGIES
- 5iTECH (AlSHER APM)
- AIR PRODUCTS & CHEMICALS inc.
- AMETEK inc.
- ARDLEIGH MINERALS INC.
- C&M TECHNOLOGIES GMBH
- CARPENTER TECHNOLOGY CORPORATION
- CASTOLIN EUTECTIC
- FUJIMI INC.
- GLOBAL TUNGSTEN & POWDERS CORPORATION
- HAI INC.
- HOGANAS AB.
- HUNTER CHEMICAL LLC
- KENNAMETAL STELLITE
- POLYMET CORP.
- POWDER ALLOY CORPORATION
- SANDVIK AB
- SUPERSONIC SPRAY TECHNOLOGIES (SST) [CENTERLINE]
- THE LINDE GROUP
- THERMION INC.
- TREIBACHER INDUSTRIE AG
- APS MATERIALS inc.
- CHROMALLOY GAS TURBINE LLC
- FLAME SPRAY SpA
- ARZELL INC.
- CAMFIL AIR POLLUTION CONTROL
- DONALDSON COMPANY inc.
- GENIE PRODUCTS inc.
- GTV VERSCHLEISS-SCHUTZ
- IMPERIAL SYSTEMS inc.
- INTEGRATED GLOBAL SERVICES
- KURT J. LESKER (KJLC)
- LINCOLN ELECTRIC HOLDINGS inc.
- POWDER FEED DYNAMICS inc.
- PROGRESSIVE SURFACE
- THERMACH inc.
- KERMETICO INC.