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Thermal Spray Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 199 Pages
  • February 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5938809
Description Jump to:
Innovative Solutions Drive Industry Forward Amid Environmental Concerns

The global thermal spray coatings market continues its trajectory of steady expansion from 2024 to 2031. This forecast, based on meticulous research and analysis, underscores the industry's resilience and adaptability in meeting the evolving needs of various sectors.

Addressing Environmental Concerns

In recent years, environmental concerns surrounding the use of hexavalent chromium in hard chrome plating processes have prompted industries to seek alternative solutions. As a result, the adoption of high-velocity oxy-fuel (HVOF) processes for aircraft and turbines has gained traction, driving innovation within the thermal spray coatings market.

Driving Factors

One of the primary drivers of demand for thermal spray coatings is the growing need for superior surface properties to prolong the service life of equipment. Industries across sectors are increasingly recognizing the value of thermal spray coatings in enhancing durability and performance, thereby reducing maintenance costs and downtime.

Challenges and Opportunities

While the line-of-sight coatings process poses challenges due to its inability to cover small and deep cavities effectively, ongoing technological advancements in process and materials present opportunities for overcoming these limitations. Market consolidation is also observed as a notable trend, indicative of the industry's maturity and the pursuit of economies of scale.

Segmentation Insights

The global thermal spray coatings market is segmented by material type, process type, and application, offering insights into diverse market dynamics. Ceramics emerge as a dominant segment, expected to maintain its lead with a CAGR of 7.2% over the forecast period. Meanwhile, the cold spray segment is anticipated to witness the highest growth rate, driven by its efficiency and versatility.

Regional Outlook

North America currently leads the market, of the overall volume share in 2023. However, Asia Pacific is poised for rapid expansion, with the highest projected CAGR in terms of value over the forecast period. This growth is fueled by increasing industrialization and infrastructural development in emerging economies within the region.

Key Players and Strategies

Prominent players in the global thermal spray coatings market, including Sulzer Ltd., Praxair, Inc., and Oerlikon Group, are strategically focused on expanding their global presence. This includes penetrating untapped markets such as paper & pulp and oil & gas, among others, to capitalize on emerging opportunities and diversify revenue streams.

Competitive Analysis:

Some Key Companies of Market are

  • Sulzer Ltd
  • Praxair, Inc.
  • Oerlikon Group
  • Curtis-Wright Corporation
  • Bodycote plc.
  • Thermal Spray Technologies Inc.
  • ASB Industries, Inc.
  • Abakan Inc.
  • Metallisation Ltd
  • Other

Market Segmentation

By Material Type

  • Metals
  • Alloys
  • Carbides
  • Ceramics
  • Intermetallics
  • Others

By Process Type

  • Conventional flame spray
  • Plasma spray
  • High-Velocity Oxy-fuel (HVOF)
  • Cold spray

By Application

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

By Region

  • North America
  • Latin America
  • Asia Pacific (APAC)
  • Europe
  • The Middle East & Africa (MEA)


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Table of Contents

1. Executive Summary
1.1. Global Thermal Spray Coatings Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Thermal Spray Coatings Market Outlook, 2018 - 2031
3.1. Global Thermal Spray Coatings Market Outlook, by Material Type, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Metals
3.1.1.2. Alloys
3.1.1.3. Carbides
3.1.1.4. Ceramics
3.1.1.5. Intermetallics
3.1.1.6. Others
3.2. Global Thermal Spray Coatings Market Outlook, by Process Type, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Conventional flame spray
3.2.1.2. Plasma spray
3.2.1.3. High-Velocity Oxy-fuel (HVOF)
3.2.1.4. Cold spray
3.3. Global Thermal Spray Coatings Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Aerospace
3.3.1.2. Industrial Gas Turbines
3.3.1.3. Automotive
3.3.1.4. Medical
3.3.1.5. Others
3.4. Global Thermal Spray Coatings Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Thermal Spray Coatings Market Outlook, 2018 - 2031
4.1. North America Thermal Spray Coatings Market Outlook, by Material Type, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Metals
4.1.1.2. Alloys
4.1.1.3. Carbides
4.1.1.4. Ceramics
4.1.1.5. Intermetallics
4.1.1.6. Others
4.2. North America Thermal Spray Coatings Market Outlook, by Process Type, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Conventional flame spray
4.2.1.2. Plasma spray
4.2.1.3. High-Velocity Oxy-fuel (HVOF)
4.2.1.4. Cold spray
4.3. North America Thermal Spray Coatings Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Aerospace
4.3.1.2. Industrial Gas Turbines
4.3.1.3. Automotive
4.3.1.4. Medical
4.3.1.5. Others
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Thermal Spray Coatings Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
4.4.1.2. U.S. Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
4.4.1.3. U.S. Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
4.4.1.4. Canada Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
4.4.1.5. Canada Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
4.4.1.6. Canada Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Thermal Spray Coatings Market Outlook, 2018 - 2031
5.1. Europe Thermal Spray Coatings Market Outlook, by Material Type, Value (US$ Mn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Metals
5.1.1.2. Alloys
5.1.1.3. Carbides
5.1.1.4. Ceramics
5.1.1.5. Intermetallics
5.1.1.6. Others
5.2. Europe Thermal Spray Coatings Market Outlook, by Process Type, Value (US$ Mn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Conventional flame spray
5.2.1.2. Plasma spray
5.2.1.3. High-Velocity Oxy-fuel (HVOF)
5.2.1.4. Cold spray
5.3. Europe Thermal Spray Coatings Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Aerospace
5.3.1.2. Industrial Gas Turbines
5.3.1.3. Automotive
5.3.1.4. Medical
5.3.1.5. Others
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Thermal Spray Coatings Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
5.4.1.2. Germany Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
5.4.1.3. Germany Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.4. U.K. Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
5.4.1.5. U.K. Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
5.4.1.6. U.K. Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.7. France Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
5.4.1.8. France Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
5.4.1.9. France Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.10. Italy Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
5.4.1.11. Italy Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
5.4.1.12. Italy Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.13. Turkey Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
5.4.1.14. Turkey Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
5.4.1.15. Turkey Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.16. Russia Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
5.4.1.17. Russia Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
5.4.1.18. Russia Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.19. Rest of Europe Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
5.4.1.20. Rest of Europe Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
5.4.1.21. Rest of Europe Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Thermal Spray Coatings Market Outlook, 2018 - 2031
6.1. Asia Pacific Thermal Spray Coatings Market Outlook, by Material Type, Value (US$ Mn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Metals
6.1.1.2. Alloys
6.1.1.3. Carbides
6.1.1.4. Ceramics
6.1.1.5. Intermetallics
6.1.1.6. Others
6.2. Asia Pacific Thermal Spray Coatings Market Outlook, by Process Type, Value (US$ Mn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Conventional flame spray
6.2.1.2. Plasma spray
6.2.1.3. High-Velocity Oxy-fuel (HVOF)
6.2.1.4. Cold spray
6.3. Asia Pacific Thermal Spray Coatings Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Aerospace
6.3.1.2. Industrial Gas Turbines
6.3.1.3. Automotive
6.3.1.4. Medical
6.3.1.5. Others
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Thermal Spray Coatings Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
6.4.1.2. China Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
6.4.1.3. China Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.4. Japan Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
6.4.1.5. Japan Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
6.4.1.6. Japan Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.7. South Korea Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
6.4.1.8. South Korea Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
6.4.1.9. South Korea Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.10. India Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
6.4.1.11. India Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
6.4.1.12. India Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.13. Southeast Asia Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
6.4.1.14. Southeast Asia Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
6.4.1.15. Southeast Asia Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Thermal Spray Coatings Market Outlook, 2018 - 2031
7.1. Latin America Thermal Spray Coatings Market Outlook, by Material Type, Value (US$ Mn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Metals
7.1.1.2. Alloys
7.1.1.3. Carbides
7.1.1.4. Ceramics
7.1.1.5. Intermetallics
7.1.1.6. Others
7.2. Latin America Thermal Spray Coatings Market Outlook, by Process Type, Value (US$ Mn), 2018 - 2031
7.2.1.1. Conventional flame spray
7.2.1.2. Plasma spray
7.2.1.3. High-Velocity Oxy-fuel (HVOF)
7.2.1.4. Cold spray
7.3. Latin America Thermal Spray Coatings Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Aerospace
7.3.1.2. Industrial Gas Turbines
7.3.1.3. Automotive
7.3.1.4. Medical
7.3.1.5. Others
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Thermal Spray Coatings Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
7.4.1.2. Brazil Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
7.4.1.3. Brazil Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.4. Mexico Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
7.4.1.5. Mexico Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
7.4.1.6. Mexico Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.7. Argentina Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
7.4.1.8. Argentina Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
7.4.1.9. Argentina Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.10. Rest of Latin America Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
7.4.1.11. Rest of Latin America Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
7.4.1.12. Rest of Latin America Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Thermal Spray Coatings Market Outlook, 2018 - 2031
8.1. Middle East & Africa Thermal Spray Coatings Market Outlook, by Material Type, Value (US$ Mn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Metals
8.1.1.2. Alloys
8.1.1.3. Carbides
8.1.1.4. Ceramics
8.1.1.5. Intermetallics
8.1.1.6. Others
8.2. Middle East & Africa Thermal Spray Coatings Market Outlook, by Process Type, Value (US$ Mn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Conventional flame spray
8.2.1.2. Plasma spray
8.2.1.3. High-Velocity Oxy-fuel (HVOF)
8.2.1.4. Cold spray
8.3. Middle East & Africa Thermal Spray Coatings Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Aerospace
8.3.1.2. Industrial Gas Turbines
8.3.1.3. Automotive
8.3.1.4. Medical
8.3.1.5. Others
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Thermal Spray Coatings Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
8.4.1.2. GCC Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
8.4.1.3. GCC Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.4. South Africa Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
8.4.1.5. South Africa Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
8.4.1.6. South Africa Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.7. Egypt Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
8.4.1.8. Egypt Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
8.4.1.9. Egypt Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.10. Nigeria Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
8.4.1.11. Nigeria Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
8.4.1.12. Nigeria Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Thermal Spray Coatings Market by Material Type, Value (US$ Mn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Thermal Spray Coatings Market by Process Type, Value (US$ Mn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Thermal Spray Coatings Market by Application, Value (US$ Mn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Application vs by Process Type Heat map
9.2. Manufacturer vs by Process Type Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Sulzer Ltd.
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Praxair, Inc.
9.5.3. Oerlikon Group
9.5.4. Curtis-Wright Corporation
9.5.5. Bodycote plc
9.5.6. Thermal Spray Technologies Inc.
9.5.7. ASB Industries, Inc.
9.5.8. Metallisation Ltd.
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

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

  • Sulzer Ltd
  • Praxair, Inc.
  • Oerlikon Group
  • Curtis-Wright Corporation
  • Bodycote plc.
  • Thermal Spray Technologies Inc.
  • ASB Industries, Inc.
  • Abakan Inc.
  • Metallisation Ltd

Methodology

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