Thermal Spray Coatings Market, by Material, by Application, by Process, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Thermal spray coatings are used to develop the surface of solid materials in order to protect them against corrosion and abrasion. The major applications of thermal spray coatings include aerospace, industrial gas turbines, automotive, medical, and others industries. The materials used for producing thermal spray coatings include metals, alloys, carbides, ceramics, and other materials.

Market Dynamics

The thermal spray coating market is expected to witness substantial growth during the forecast period, owing to various factors such as development of the automotive and aerospace & defense industries and surge in usage of thermal spray coating in medical devices.

Development of the market's is fundamentally determined by the broad use of thermal spray coatings in the aviation area, principally for components, such as jet engine components, landing gear, and turbine blades, along with the increasing usage of components, such as cylinders, engine parts, transmission components, and suspension systems (to enhance their thermal efficiency, coefficient of friction, sliding wear and corrosion resistance power, and the longevity of the components) in the automotive industry.

Rising applications of thermal spray coatings in the oil and gas industry, advancements in spraying technology, and reusing of thermal spray processing materials are expected to provide numerous opportunities for the manufacturers in market studied.

On the basis of region, in 2021, North America accounted for the largest share in terms of revenue and contributed for a revenue share of 39.8% in the thermal spray coatings market globally. Moreover, Asia Pacific is predicted to record fastest growth in terms of revenue during the forecast period (2022 to 2030).

Key features of the study:

• This report provides an in-depth analysis of global thermal spray coatings market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global thermal spray coatings market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Sulzer Ltd, Praxair, Inc., Oerlikon Group, Curtis-Wright Corporation, Bodycote plc. Thermal Spray Technologies Inc., ASB Industries Inc., Abakan Inc., and Metallisation Ltd.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global thermal spray coatings market report caters to various stakeholders in this industry including investors, suppliers, thermal spray coatings service providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global thermal spray coatings market

Detailed Segmentation:

Global Thermal Spray Coatings Market, By Material:

• Metals
• Alloys
• Carbides
• Ceramics
• Intermetallic
• Others

Global Thermal Spray Coatings Market, By Application:

• Aerospace
• Industrial Gas Turbines
• Automotive
• Medical
• Others

Global Thermal Spray Coatings Market, By Process:

• Conventional Flame Spray
• Plasma Spray
• Retail Stores
• HVOF(High Velocity Oxy-fuel)
• Cold Spray

Global Thermal Spray Coatings Market, By Region:

• North America

- By Country:

• U.S.
• Canada
• Latin America

- By Country:

• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe

- By Country:

• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific

- By Country:

• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa

- By Region:

• Middle East
• Africa

Company Profiles

• Sulzer Ltd
• Company Overview
• Product Portfolio
• Key Strategies
• Recent Developments
• Future Plans
• Praxair, Inc.
• Oerlikon Group
• Curtis-Wright Corporation
• Bodycote plc.
• Thermal Spray Technologies Inc.
• ASB Industries Inc.
• Abakan Inc.
• Metallisation Ltd

“*” marked represents similar segmentation in other categories in the respective section