Europe Thermal Spray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Europe thermal spray market is estimated to witness a significant growth, at an estimated CAGR of over 6.5%, 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.

Key Highlights

• 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.
• Germany 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.

Germany to Dominate the Market

• Germany leads Europe’s automotive market with 41 assembly and engine production plants that contribute to one third of the total automobile production in Europe. Germany, being one of the leading manufacturing bases for the aircraft industry, is the home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
• The German aerospace industry comprises more than 2,300 firms located all around the country, with northern Germany being the area with a higher concentration of firms.
• Germany, being one of the leading manufacturing bases for the aircraft industry, is home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
• The country hosts a large number of production bases for aircraft interior components, MRO (maintenance, repair, and overhaul), and lightweight construction and materials, largely in Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern.
• It has been estimated that over 30 to 35 thousand new aircraft will be operational by the next 20 years, in order to meet the rising aviation demand. Thus, with the increase in production of aircraft, the consumption of thermal spray will increase during the forecast period.
• With the rising demand coming from major end-user industries, the market for thermal spray is projected to grow during the forecast period.

Competitive Landscape

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

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support