The global thermal spray coating market was valued at $7.4 billion in 2018 and is projected to reach $13.5 billion by 2026, growing at a CAGR of 7.8% from 2019 to 2026. Thermal spray coating is a coating process which utilize powder coating material to coat a surface. The powder coating material is melted into droplets and sprayed onto a surface at a high velocity. The thermal spray coating is applied to metal substrates and the process is known by a different name that includes spray welding, plasma spray, HVOF, and flame spray. Thermal spray coating technology is used on a vast range of components of rotating and moving parts of machines such as automobile engines, aerospace turbine, and machine tools, which operate in adverse environments where, erosion, wear, corrosion, or heat leads to decrease in component life.
The growing automotive, aerospace, and heavy machinery industries and military & civil airliner has led to increase in usage of thermal spray coating technology. Thermal spray coating is used to coat piston and synchronizer rings in automotive applications. Similarly, thermal spray coating is also used in aerospace application to coat engine turbine blades and protect it from extreme temperatures, as well as ensure increased reliability for ex- tended periods of time. These coatings are replacing hard chromium plating as the preferred coating method to offer improved performance. This factor is anticipated to drive the growth of the thermal spray coating market.
The global thermal spray coating market is segmented based on material, process, end-use industry and region. Based on material, the global market is segmented into ceramics, metal & alloys and other materials. Based on process, the global thermal spray coating market is bifurcated into flame spraying, arc spraying, plasma spraying, HVOF and others. On the basis of end-use industry, the market is divided into automotive, aerospace, industrial and others. Based on region, the market is analyzed across North America, Asia-Pacific, Europe and LAMEA.
The major key players operating in the thermal spray coating market include 3M, A&A Thermal Spray Coatings, Inc., APS Materials, Inc., CoorsTek, Inc., Dupont De Nemours, Inc., Integrated Global Services, Inc., KCC Corporation (KCC), Linde Plc and Morgan Advanced Materials plc. Other players operating in this market include Fosbel, Keronite Group, Oerlikon Metco, and Swain Tech Coatings. These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Material
By Process
By End use Industry
By Region
Key Players
The growing automotive, aerospace, and heavy machinery industries and military & civil airliner has led to increase in usage of thermal spray coating technology. Thermal spray coating is used to coat piston and synchronizer rings in automotive applications. Similarly, thermal spray coating is also used in aerospace application to coat engine turbine blades and protect it from extreme temperatures, as well as ensure increased reliability for ex- tended periods of time. These coatings are replacing hard chromium plating as the preferred coating method to offer improved performance. This factor is anticipated to drive the growth of the thermal spray coating market.
The global thermal spray coating market is segmented based on material, process, end-use industry and region. Based on material, the global market is segmented into ceramics, metal & alloys and other materials. Based on process, the global thermal spray coating market is bifurcated into flame spraying, arc spraying, plasma spraying, HVOF and others. On the basis of end-use industry, the market is divided into automotive, aerospace, industrial and others. Based on region, the market is analyzed across North America, Asia-Pacific, Europe and LAMEA.
The major key players operating in the thermal spray coating market include 3M, A&A Thermal Spray Coatings, Inc., APS Materials, Inc., CoorsTek, Inc., Dupont De Nemours, Inc., Integrated Global Services, Inc., KCC Corporation (KCC), Linde Plc and Morgan Advanced Materials plc. Other players operating in this market include Fosbel, Keronite Group, Oerlikon Metco, and Swain Tech Coatings. These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current Thermal Spray Coating market trends and future scenario of the Thermal Spray Coating market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution in the Thermal Spray Coating market analysis at the regional and country-level market.
- The key drivers, restraints, and Thermal Spray Coating market opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Material
- Ceramics
- Metal & Alloys
- Others
By Process
- Flame Spraying
- Arc Spraying
- Plasma Spraying
- HVOF
- Others
By End use Industry
- Automotive
- Aerospace
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Russia
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Thailand
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- South Africa
- Rest of LAMEA
Key Players
- 3M
- A&A Thermal Spray Coatings, Inc.
- APS Materials, Inc.
- CoorsTek, Inc.
- Dupont De Nemours, Inc.
- Integrated Global Services, Inc.
- KCC Corporation (KCC)
- Linde Plc
- Morgan Advanced Materials plc
- Saint-Gobain
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: THERMAL SPRAY COATING MARKET, BY MATERIAL
CHAPTER 5: THERMAL SPRAY COATING MARKET, BY PROCESS
CHAPTER 6: THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY
CHAPTER 7: THERMAL SPRAY COATING MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
Executive Summary
According to this report titled, 'Thermal Spray Coating Market by Material, Process and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global thermal spray coating market was valued at $7.4 billion in 2018 and is projected to reach $13.5 billion by 2026, growing at a CAGR of 7.8% from 2019 to 2026.Thermal spray coating is a coating process in which heated powdered material is sprayed onto a surface. In thermal spray coating, the surface is heated by electrical techniques such as plasma or arc. Combustion flames are also used to coat the surface. Thermal spraying offers thick coatings and hence they are utilized increasingly in several applications such as automotive, aerospace, and heavy machinery industries.
The global thermal spray coating market is segmented based on material, process, end-use industry and region. Based on material, the global market is segmented into ceramics, metal & alloys and other materials. The ceramics segment was the highest contributor to the market in 2018 and is estimated to grow with a CAGR of 7.5% during the forecast period. The metal & alloys segment is the fastest growing segment and is expected to grow with a CAGR of 8.4%.
Based on process, the global thermal spray coating market is bifurcated into flame spraying, arc spraying, plasma spraying, HVOF and others. The flame spraying segment was the highest contributor to the market in 2018 and is estimated to grow with a CAGR of 7.5% during the forecast period. The plasma spraying and arc spraying segments are expected to witness significant CAGRs of 10.4% and 8.3%, respectively, during the forecast period.
On the basis of end-use industry, the thermal spray coating market is divided into automotive, aerospace, industrial and others. The aerospace segment was the highest contributor to the market in 2018 and is estimated to grow with a CAGR of 8.1% during the forecast period. The automotive and aerospace segments are expected to witness significant CAGRs of 9.5% and 8.1%, respectively, during the forecast period.
Based on region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific was the highest revenue contributor and is expected to grow with a CAGR of 8.3%.
The major key players operating in the thermal spray coating market include 3M, A&A Thermal Spray Coatings, Inc., APS Materials, Inc., CoorsTek, Inc., Dupont De Nemours, Inc., Integrated Global Services, Inc., KCC Corporation (KCC), Linde Plc and Morgan Advanced Materials plc. Other players operating in this market include Fosbel, Keronite Group, Oerlikon Metco, and Swain Tech Coatings. These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.
Key Findings of the Study:
- In 2018, the Asia-Pacific market held a share of over 48.0% in the global thermal spray coating market.
- The U.S. and Mexico collectively accounted for around 88.0% share of North America thermal spray coating market in 2018.
- The Germany and Russia collectively accounted for around 42.1% share of Europe thermal spray coating market in 2018.
- In the process segment, the flame spraying and arc spraying collectively accounted for around 77.9% in thermal spray coating market in 2018.
Companies Mentioned
- 3M
- A&A Thermal Spray Coatings Inc.
- APS Materials Inc.
- CoorsTek Inc.
- Dupont De Nemours Inc.
- Integrated Global Services Inc.
- KCC Corporation (KCC)
- Linde Plc, Morgan Advanced Materials plc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 248 |
| Published | March 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 7.4 billion |
| Forecasted Market Value ( USD | $ 13.5 billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
