This market is driven by a number of factors, such as growing thermal spray applications in the automotive sector, increased usage of thermal spray in medical devices, rising popularity of thermal spray ceramic coatings, and growing applications in the aerospace & defense sector. However, this market faces certain drawbacks, such as the emergence of hard trivalent chrome coating, trust issues regarding process reliability and consistency, and the dearth of usage in emerging economies. These factors may act as roadblocks to the growth of the market.
Growing Thermal Spray Applications in Automotive Sector
Automotive industry consumes significant amount of thermal spray in various applications, such as automotive drive, gearings, shafting systems, breaking systems, and so on. In the recent years, governments across the world have been concentrating on minimizing carbon dioxide, particulate matter, and nitrogen oxide emissions, and on enhancing fuel economy (as per Corporate Average Fuel Economy Standards) of vehicles. As a result, they consistently pressure engine and automobile manufacturers to develop and utilize technologies that aid in reducing emissions, and improve fuel economy of vehicles. 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.
Advancements in the Spraying Technology (Cold Spray Process)
Cold-spraying, a type of unique high-velocity oxy-fuel (HVOF) technology is the most promising of the previously mentioned developments. Cold spray uses kinetic energy to project powdered coating material onto the substrate, instead of using conventional thermal energy as the source for melting material and forming the desired protective coating. The process is considered more efficient than established thermal spray processes for various application sectors, due to its ability to create highly dense coatings through the extreme velocity-caused plastic deformation of the coating material particles.
Thermal spray materials are an integral part of the thermal spray coating process and can be primarily segmented into thermal spray coating materials and auxiliary materials. The coating materials segment in the thermal spray market accounted for nearly 98% in 2017, while the rest were supplementary materials (auxiliary materials). Coating materials have further been segmented into powders and rods/wires, along with the former being segmented into metal-based (pure metals & alloys, precious metals, and MCrAlY), ceramic-based, polymers, and others.
Thermal Spray techniques, due to their superior deposition rate, in comparison to other traditional coating processes, are an integral part of various major industrial sectors. In the report, the following major end-user sectors of thermal spray coatings have been taken into consideration - automotive, aerospace, industrial gas turbines, energy & power, electronics, oil & gas, medical devices, and others.
Major Key Players: OERLIKON METCO, H.C. STARCK GMBH, HÖGANÄS AB, PRAXAIR S.T. TECHNOLOGY, INC., CARPENTER TECHNOLOGY CORPORATION (CRS HOLDINGS INC.) amongst others.
Reasons to Purchase this Report
- Current and future global thermal spray material market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel).
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1.2 Research Methodology
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Technological Snapshot
3.2.1 Price Comparison
3.2.2 Performance Analysis
3.3 Industry Attractiveness - Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 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 Rising Popularity of Thermal Spray Ceramic Coatings
4.1.4 Growing Applications in Aerospace Sector
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 Usage in Oil & Gas Sector
4.3.2 Increased Demand from Asia-Pacific
4.3.3 Shifting Focus towards Nano-composite Thermal Spray Powders
4.3.4 Recycling Thermal Spray Processing Materials
4.3.5 Development of Novel Cheaper Products
5. Market Segmentation and Analysis (Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Coating Materials
220.127.116.11.1 Metal based
18.104.22.168.1.1 Pure Metal & Alloys
22.214.171.124.1.2 Precious Metals
126.96.36.199.2.1 Ceramic Oxides
188.8.131.52.3 Polymers and Others
184.108.40.206 Others (Liquid)
5.2 By End-User Sector
5.2.3 Industrial Gas Turbines
5.2.4 Energy & Power
5.2.6 Oil & Gas
5.2.7 Medical Devices
5.3 By Thermal Spray Process
220.127.116.11 Low Velocity (Wire/Powder)
18.104.22.168 High Velocity (HVOF)
5.3.2 Electric Energy
22.214.171.124 Wire Arc
126.96.36.199 Cold Spray
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
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
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.3 Market Share Analysis**
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments and Analyst View)
8.1 5iTech (AlSher APM)
8.2 Air Products & Chemicals
8.4 Ardleigh Minerals
8.5 Bay State Surface Technologies Inc. (Aimtek)
8.6 C&M Technologies GmbH
8.7 Carpenter Technology
8.8 Castolin Eutectic
8.10 Genie Products Inc.
8.11 Global Tungsten & Powders (GTP)
8.12 H.C. Starck
8.13 HAI Inc.
8.14 Hoganas AB
8.15 Hunter Chemical LLC
8.16 Kennametl Stellite
8.17 LSN Diffusion Ltd.
8.18 Metallisation Ltd.
8.19 Metallizing Equipment Co. Pvt. Ltd
8.20 Oerlikon Metco
8.21 Plasma Powders & Systems Inc.
8.22 Polymet Corp.
8.23 Powder Alloy Corp.
8.24 Praxair Surface Technologies
8.25 Saint Gobain
8.26 Sandvik Materials Technology
8.27 Supersonic Spray Technologies (CenterLine)
8.28 The Fisher Barton Group (Lineage Alloys)
8.29 The Linde Group
8.31 Treibacher Industrie AG
**Subject to Availability on Public Domain
- 5iTech (AlSher APM)
- Air Products & Chemicals
- Ardleigh Minerals
- Bay State Surface Technologies Inc. (Aimtek)
- C&M Technologies GmbH
- Carpenter Technology
- Castolin Eutectic
- Genie Products Inc.
- Global Tungsten & Powders (GTP)
- H.C. Starck
- HAI Inc.
- Hoganas AB
- Hunter Chemical LLC
- Kennametl Stellite
- LSN Diffusion Ltd.
- Metallisation Ltd.
- Metallizing Equipment Co. Pvt. Ltd
- Oerlikon Metco
- Plasma Powders & Systems Inc.
- Polymet Corp.
- Powder Alloy Corp.
- Praxair Surface Technologies
- Saint Gobain
- Sandvik Materials Technology
- Supersonic Spray Technologies (CenterLine)
- The Fisher Barton Group (Lineage Alloys)
- The Linde Group
- TreIBAcher Industrie AG