All updated as on -
By 2030, the global market for thermal spray coatings is projected to be worth USD 18.79 billion, with a CAGR of 10.1% between 2023 and 2030.
Coatings applied through thermal spray are a form of surface engineering used to add functionality or protection to a wide range of substrates. Coating material is heated or melted using a heat source and then propelled onto the surface of the substrate. Coatings can be made from a wide variety of materials, including metals, ceramics, polymers, and composite powders. The decision is based on the desired characteristics of the coating and the requirements of the use. Surfaces and components are often protected from corrosion and wear by thermal spray coatings. Industrial equipment like turbine blades, engine parts, pumps, valves, pipelines, and machinery subjected to corrosive or abrasive conditions might benefit from them by extending their useful life and requiring less maintenance.
The Effect of COVID 19 on the International Market for Thermal Spray Coatings
Oil and gas production, aeroplane and car production all saw reduced demand during the pandemic. The need for thermal spray coatings dropped as industry and investment decreased. There was an immediate effect of the downturn in these key end-use sectors on the thermal spray coatings business. The uncertainty brought on by the epidemic slowed down the progress of several infrastructure projects, new investments, and maintenance duties. The need for thermal spray coatings and the development of the market were impacted by the large number of postponed or cancelled projects. The immediate effects of the epidemic forced businesses to divert their focus from less urgent projects and investments. As a result, thermal spray coatings became less of a priority for a variety of uses, which further reduced demand.
Significant Factors Influencing the Market
The expansion of the industrial and manufacturing sectors, especially in developing countries, is driving the demand for thermal spray coatings. By protecting critical components from wear and corrosion and by reducing the effects of severe temperatures, these coatings increase operating efficiency and lengthen the lifespan of equipment. Infrastructure projects in the fields of transportation, energy, and construction all require durable and protective coatings for a wide variety of components. Because of their ability to prevent corrosion, insulate against heat, and stand up to wear and tear, thermal spray coatings are indispensable in infrastructure construction projects all over the world. Thermal spray coatings have found widespread application in the aerospace and automotive sectors. Lightweight materials, greater fuel efficiency, and enhanced performance have pushed these sectors to seek out novel coatings with heat barrier properties, wear resistance, and corrosion protection.
Major Struggles in the Market
Thermal spray coatings require specific equipment and skilled labourers for proper application. Due to the potential high cost of acquiring the necessary resources and expertise, new entrants to the market or smaller companies may struggle to compete. Raw ingredients and other consumables used in the production of thermal spray coatings can add significantly to the final price tag. Competitors to thermal spray coatings include electroplating, physical vapour deposition (PVD), chemical vapour deposition (CVD), and high-tech surface treatments like laser cladding and plasma nitriding. In some cases, the advantages that these other technologies offer in terms of coating quality, precision, or cost effectiveness may have a significant impact on the market for thermal spray coatings.
Perspectives on Technology
The plasma industry has the biggest market share.
The global thermal spray coatings market is broken down into submarkets based on the technique used to apply the coating, such as "cold," "flame," "plasma," "high-velocity oxygen fuel," "electric arc," and "others." The plasma category is expected to maintain its dominant position in the market share rankings throughout the projection horizon. Plasma spraying is an increasingly well-liked and versatile thermal spray technology that offers numerous benefits. Plasma spraying provides a high quality coating with a high binding strength, dense microstructure, and low porosity. The result is coatings with enhanced properties like wear resistance, corrosion protection, thermal insulation, and more. Since plasma spraying produces higher quality coatings, it is a popular choice for critical applications in industries including aerospace, automotive, and power generation.
Analysis of Products
During the predicted time period, the ceramics sector held the highest proportion of the market.
The global thermal spray coatings market is broken down into several submarkets based on the various materials used to create these coatings. The ceramics industry is expected to grow at a faster rate than any other category over the study's prediction period. Demand for thermal spray coatings is expected to be buoyed by the growing need for increased durability in areas such as wear resistance, high-temperature protection, corrosion resistance, and electrical insulation. The thermal spray coatings market is projected to remain dominated by ceramics due to the unique solutions they offer for functional applications and surface protection.
Report Coverage
Global Thermal Spray Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Thermal Spray Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Spray Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Thermal Spray Coatings market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Thermal Spray Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Spray Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Oerlikon Balzers Coating USA, Turbocoating Spa, Lincotek Surface Solutions, Saint-Gobain S.A., Progressive Surface, Inc., American Roller Company, LLC, Praxair Surface Technologies, Inc., H.C. Starck, Inc., Wall Colmonoy Corp., Powder Alloy Corp.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Thermal Spray Coatings market based on the below-mentioned segments:
Global Thermal Spray Coatings Market, By Product
Metals
Ceramics
Intermetallics
Polymers
Carbides
Abradables
Others
Global Thermal Spray Coatings market, By Application
Aerospace
Industrial Gas Turbine
Automotive
Medical
Printing
Oil & Gas
Steel
Pulp & Paper
Others
Global Thermal Spray Coatings Market, By Process Analysis
Combustion Flame
Electrical
Global Thermal Spray Coatings market, Regional Analysis
Coatings applied through thermal spray are a form of surface engineering used to add functionality or protection to a wide range of substrates. Coating material is heated or melted using a heat source and then propelled onto the surface of the substrate. Coatings can be made from a wide variety of materials, including metals, ceramics, polymers, and composite powders. The decision is based on the desired characteristics of the coating and the requirements of the use. Surfaces and components are often protected from corrosion and wear by thermal spray coatings. Industrial equipment like turbine blades, engine parts, pumps, valves, pipelines, and machinery subjected to corrosive or abrasive conditions might benefit from them by extending their useful life and requiring less maintenance.
The Effect of COVID 19 on the International Market for Thermal Spray Coatings
Oil and gas production, aeroplane and car production all saw reduced demand during the pandemic. The need for thermal spray coatings dropped as industry and investment decreased. There was an immediate effect of the downturn in these key end-use sectors on the thermal spray coatings business. The uncertainty brought on by the epidemic slowed down the progress of several infrastructure projects, new investments, and maintenance duties. The need for thermal spray coatings and the development of the market were impacted by the large number of postponed or cancelled projects. The immediate effects of the epidemic forced businesses to divert their focus from less urgent projects and investments. As a result, thermal spray coatings became less of a priority for a variety of uses, which further reduced demand.
Significant Factors Influencing the Market
The expansion of the industrial and manufacturing sectors, especially in developing countries, is driving the demand for thermal spray coatings. By protecting critical components from wear and corrosion and by reducing the effects of severe temperatures, these coatings increase operating efficiency and lengthen the lifespan of equipment. Infrastructure projects in the fields of transportation, energy, and construction all require durable and protective coatings for a wide variety of components. Because of their ability to prevent corrosion, insulate against heat, and stand up to wear and tear, thermal spray coatings are indispensable in infrastructure construction projects all over the world. Thermal spray coatings have found widespread application in the aerospace and automotive sectors. Lightweight materials, greater fuel efficiency, and enhanced performance have pushed these sectors to seek out novel coatings with heat barrier properties, wear resistance, and corrosion protection.
Major Struggles in the Market
Thermal spray coatings require specific equipment and skilled labourers for proper application. Due to the potential high cost of acquiring the necessary resources and expertise, new entrants to the market or smaller companies may struggle to compete. Raw ingredients and other consumables used in the production of thermal spray coatings can add significantly to the final price tag. Competitors to thermal spray coatings include electroplating, physical vapour deposition (PVD), chemical vapour deposition (CVD), and high-tech surface treatments like laser cladding and plasma nitriding. In some cases, the advantages that these other technologies offer in terms of coating quality, precision, or cost effectiveness may have a significant impact on the market for thermal spray coatings.
Perspectives on Technology
The plasma industry has the biggest market share.
The global thermal spray coatings market is broken down into submarkets based on the technique used to apply the coating, such as "cold," "flame," "plasma," "high-velocity oxygen fuel," "electric arc," and "others." The plasma category is expected to maintain its dominant position in the market share rankings throughout the projection horizon. Plasma spraying is an increasingly well-liked and versatile thermal spray technology that offers numerous benefits. Plasma spraying provides a high quality coating with a high binding strength, dense microstructure, and low porosity. The result is coatings with enhanced properties like wear resistance, corrosion protection, thermal insulation, and more. Since plasma spraying produces higher quality coatings, it is a popular choice for critical applications in industries including aerospace, automotive, and power generation.
Analysis of Products
During the predicted time period, the ceramics sector held the highest proportion of the market.
The global thermal spray coatings market is broken down into several submarkets based on the various materials used to create these coatings. The ceramics industry is expected to grow at a faster rate than any other category over the study's prediction period. Demand for thermal spray coatings is expected to be buoyed by the growing need for increased durability in areas such as wear resistance, high-temperature protection, corrosion resistance, and electrical insulation. The thermal spray coatings market is projected to remain dominated by ceramics due to the unique solutions they offer for functional applications and surface protection.
Report Coverage
Global Thermal Spray Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Thermal Spray Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Spray Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Thermal Spray Coatings market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Oerlikon Balzers Coating USA, Turbocoating Spa, Lincotek Surface Solutions, Saint-Gobain S.A., Progressive Surface, Inc., American Roller Company, LLC, Praxair Surface Technologies, Inc., H.C. Starck, Inc., Wall Colmonoy Corp., Powder Alloy Corp. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Thermal Spray Coatings Market from 2021 to 2030.
- Market Forecast for Thermal Spray Coatings Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Thermal Spray Coatings competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Thermal Spray Coatings
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Thermal Spray Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Spray Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Oerlikon Balzers Coating USA, Turbocoating Spa, Lincotek Surface Solutions, Saint-Gobain S.A., Progressive Surface, Inc., American Roller Company, LLC, Praxair Surface Technologies, Inc., H.C. Starck, Inc., Wall Colmonoy Corp., Powder Alloy Corp.
Primary Target Market
- Market Players of Thermal Spray Coatings
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Thermal Spray Coatings market based on the below-mentioned segments:
Global Thermal Spray Coatings Market, By Product
Metals
Ceramics
Intermetallics
Polymers
Carbides
Abradables
Others
Global Thermal Spray Coatings market, By Application
Aerospace
Industrial Gas Turbine
Automotive
Medical
Printing
Oil & Gas
Steel
Pulp & Paper
Others
Global Thermal Spray Coatings Market, By Process Analysis
Combustion Flame
Electrical
Global Thermal Spray Coatings market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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