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The global thermal spray coating market reached a value of US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2027, exhibiting a CAGR of 7.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Thermal spray coating refers to the process of coating surfaces by melting powder substrates into droplets and spraying them at high velocities. Some of the commonly used coatings include zirconium oxide, aluminum bronze, and cobalt-molybdenum. They are sprayed on materials, such as stainless steel, nickel alloys, copper, bronze, molybdenum, ceramics and tungsten carbides. The coatings form stable bonds with the surfaces and prevent them from degradation, wear and tear, abrasion, friction and corrosion. They also provide electrical conductivity, lubricity, chemical resistances and desirable surface properties. As a result, thermal spray coating finds extensive applications across various industries, such as aerospace, automotive, healthcare, energy and food and beverage.
Significant growth in the chemical industry, along with the increasing demand for high-performance industrial-grade coatings, is one of the key factors creating a positive outlook for the market. These coatings are widely used on the surfaces of pumps, valves, machinery, turbine blades and other industrial equipment to enhance their operational efficiency, quality and reliability. In the automotive industry, the coatings are used on cylinder rings, piston rings, crankshafts, brake discs, exhaust pipes and shifters for high-performance and improved fuel efficiency. Moreover, shifting consumer preference from chrome plating towards thermal spray coatings is providing a thrust to the market growth. With rising environmental consciousness, consumers are widely utilizing thermal spray coatings that have a higher fatigue resistance and generate minimal residue upon processing. Additionally, the development of flame-based and reactive spray deposition technologies for low-temperature solid oxide fuel cell, plasma and laser deposition coatings, are contributing to the growth of the market. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global thermal spray coating market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, technology and application.
Breakup by Product:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Products and Chemicals Inc., American Roller Company LLC, Durum Verschleißschutz GmbH, Lincotek Rubbiano S.p.A, Metallizing Equipment Co. Pvt. Ltd., Montreal Carbide Co. Ltd., Powder Alloy Corporation, Praxair Surface Technologies Inc. (Linde plc), Progressive Surface Inc. and Wall Colmonoy Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Technology, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Air Products and Chemicals Inc., American Roller Company LLC, Durum Verschleißschutz GmbH, Lincotek Rubbiano S.p.A, Metallizing Equipment Co. Pvt. Ltd., Montreal Carbide Co. Ltd., Powder Alloy Corporation, Praxair Surface Technologies Inc. (Linde plc), Progressive Surface Inc. and Wall Colmonoy Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global thermal spray coating market was valued at US$ 8.4 Billion in 2021.
We expect the global thermal spray coating market to exhibit a CAGR of 7.5% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of various end-use industries for thermal spray coatings.
The rising environmental consciousness, along with the increasing demand for thermal spray coatings that have a higher fatigue resistance and generate minimal residue upon processing, is primarily driving the global thermal spray coating market.
Based on the product, the global thermal spray coating market can be categorized into metals, ceramics, intermetallics, polymers, carbides, abradables, and others. Currently, ceramics account for the majority of the global market share.
Based on the technology, the global thermal spray coating market has been segregated into cold, flame, plasma, High-Velocity Oxy-Fuel (HVOF), electric arc, and others. Among these, plasma currently holds the largest market share.
Based on the application, the global thermal spray coating market can be bifurcated into aerospace, industrial gas turbine, automotive, medical, printing, oil and gas, steel, pulp and paper, and others. Currently, the aerospace sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global thermal spray coating market include Air Products and Chemicals Inc., American Roller Company LLC, Durum Verschleißschutz GmbH, LincotekRubbiano S.p.A, Metallizing Equipment Co. Pvt. Ltd., Montreal Carbide Co. Ltd., Powder Alloy Corporation, Praxair Surface Technologies Inc. (Linde plc), Progressive Surface Inc., and Wall Colmonoy Corporation.
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