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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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