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South America Thermal Spray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 90 Pages
  • April 2021
  • Mordor Intelligence
  • ID: 5318415
The South America thermal spray market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Growing thermal spray applications in automotive and aerospace sector and increased thermal spray usage in medical devices are expected to drive the market during the forecast period.
  • Emergence of hard trivalent chrome coating is likely to hinder the market’s growth.
  • Advancements in spraying technology is expected to create opportunities to the market’s growth in the future.
  • Brazil is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

Key Market Trends

Aerospace Industry is Expected to Witness the Highest Market Share
  • In the aerospace sector, thermal spray coatings are extensively used as protective coatings to protect aircraft components and repair the old ones. They are used in the protection of engine turbine blades and actuation systems to provide high thermal resistance and longevity.
  • Thermal sprays are largely employed for several purposes in jet engine components, such as crankshafts, piston rings, cylinders, valves, and so on. In addition to these, they are also applied in the coating of landing gear (bearings and axles inside the landing gear) to withstand the forces during landing and take-off.
  • A variety of degradation problems exist in aircraft engines, due to metal to metal wear, hot corrosion, fretting, particle erosion, and many more. This degradation is accelerated when high-temperature is involved. Thermal spray coatings impart the required surface conditions that are required to increase the service life of the engine components.
  • Thermal spray coatings, such as zirconium oxide, aluminum bronze, and cobalt-molybdenum are used for coating purposes in rocket combustion chambers, compressor air seals, and high-pressure nozzles, respectively.
  • In addition, coatings of chromium cobalt, aluminum oxide, and chromium carbide are employed in turbine air seals, fuel nozzles, and turbine vanes, respectively. High-velocity oxy-fuel (HVOF) spray and plasma spray processes are the majorly used processes in this sector.
  • Such, the aforementioned factors are expected to support the consumption of thermal spray used in the aerospace industry during the forecast period.

Brazil to Dominate the Market
  • Brazil is the third largest domestic aviation market globally with 6 of the 10 busiest airports in the region.
  • In addition to this, the country is one of the leading manufacturers of regional and business jets and manufactures a range of aerospace products which includes turboprops, military aircraft, agricultural aircraft, business aircraft, helicopters and other general aviation aircraft.
  • Owing to the stabilizing political and economic scenario in the country, the automotive industry has regained its momentum with a staggering rise in the demand.
  • The upcoming investments from large automotive companies are expected to drive the demand for thermal spray in the country - General Motors (GM) is ongoing USD 4.06 billion investment plan for 2014 to 2020.
  • The revival in automotive industry clubbed with, Brazil’s stronghold in the aerospace sector will ensure stable growth in the thermal spray market.

Competitive Landscape

The South America thermal spray market is fragmented in nature. Key players in the market include OC Oerlikon Management AG, Saint-Gobain, Hoganas AB, Linde Plc, and CASTOLIN EUTECTIC, among others.

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Growing Thermal Spray Applications in Automotive and Aerospace Sector
4.1.2 Increased Thermal Spray Usage in Medical Devices
4.1.3 Rising Popularity of Thermal Spray Ceramic Coatings
4.2 Restraints
4.2.1 Emergence of Hard Trivalent Chrome Coating
4.2.2 Trust Issues Regarding Process Reliability and Consistency
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 Product Type
5.1.1 Coatings
5.1.2 Materials Coating Materials Powders Ceramics Metals Polymer Other Coating Materials Wires/Rods Other Coating Materials Supplementary Material (Auxiliary Material)
5.1.3 Thermal Spray Equipment Thermal Spray Coating System Dust Collection Equipment Spray Gun and Nozzle Feeder Equipment Spare Parts Noise-reducing Enclosure Other Thermal Spray Equipment
5.2 Thermal Spray Coatings and Finishes
5.2.1 Combustion
5.2.2 Electric Energy
5.3 End-user Industry
5.3.1 Aerospace
5.3.2 Industrial Gas Turbines
5.3.3 Automotive
5.3.4 Electronics
5.3.5 Oil and Gas
5.3.6 Medical Devices
5.3.7 Energy and Power
5.3.8 Other End-user Industries
5.4 Geography
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of South America
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Thermal Spray Powder Companies Air Products and Chemicals, Inc. AMETEK CASTOLIN EUTECTIC Comersul Importacao E Exportacao Ltda (Metallisation Ltd.) Hoganas AB Linde plc OC Oerlikon Management AG Saint-Gobain Sandvik AB
6.4.2 Thermal Spray Coating Companies ARC International CASTOLIN EUTECTIC Comersul Importacao E Exportacao Ltda (Metallisation Ltd.) OC Oerlikon Management AG Pamarco Linde plc
6.4.3 Thermal Spray Equipment Companies Air Products and Chemicals, Inc. Camfil Air Pollution Control CASTOLIN EUTECTIC Donaldson Company Inc. Kurt J. Lesker Company Linde plc OC Oerlikon Management AG Saint-Gobain The Lincoln Electric Company
7.1 Advancements in Spraying Technology (Cold Spray Process)
7.2 Growing Usage in Oil & Gas Sector

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Air Products and Chemicals, Inc.
  • ARC International
  • Camfil Air Pollution Control
  • Comersul Importacao E Exportacao Ltda (Metallisation Ltd.)
  • Donaldson Company Inc.
  • Hoganas AB
  • Kurt J. Lesker Company
  • Linde plc
  • OC Oerlikon Management AG
  • Pamarco
  • Saint-Gobain
  • Sandvik AB
  • The Lincoln Electric Company