All updated as on -
The global thermal spray market was worth USD 10.78 billion in 2022, and it is expected to expand to USD 16.38 billion by 2030, at a CAGR of 5.8% between 2023 and 2030.
Drivers
Evolution of Technology
High-velocity oxy-fuel (HVOF) and plasma spraying are two examples of modern thermal spray technologies that have enhanced coating quality, adhesion, and productivity. Because of these developments, thermal spray coatings can now be applied to a wider variety of substrates and employed in more contexts. Market expansion is fueled by technological progress, which provides more effective answers to business needs.
Growth in Final-Use Sectors
The need for thermal spray coatings is being fueled by the expanding markets of industries including aerospace, automotive, oil and gas, and power generation. New market potential exist for thermal spray applications due to the growing need for high-performance coatings in these areas and the expansion of emerging industries like medical devices and electronics.
Restraints
Problems with the Environment and Human Health
VOCs emitted during coating application and the potential presence of hazardous elements in thermal spray procedures are two areas of concern. Complying with rules and environmental requirements can be difficult for the thermal spray industry, which may need the creation of environmentally acceptable alternatives and the implementation of stringent emission control methods.
Demand for Qualified Workers
Skilled operators are needed for thermal spray procedures because of the complexity of the equipment, the variety of coating materials available, and the importance of accurate application. In areas where specialized training programs are not readily available, a lack of qualified workers may slow the spread and development of thermal spray coatings.
In recent years, the worldwide market for thermal spray has expanded steadily. Rising demand in end-use sectors like aerospace & automotive, healthcare & energy, and others drives the market. Increased demand for coatings that better safeguard components and machinery is a major factor propelling the worldwide thermal spray market. Thermal spray coatings are used in industries like aerospace and automotive to increase the life and efficiency of engine parts, turbine blades, and other crucial components. The extensive use of thermal spray coatings can be attributed to their three main benefits: wear resistance, corrosion prevention, and thermal insulation. The market for thermal spray coatings is growing as a result of the growing interest in and implementation of energy-efficient solutions across a wide range of industries. Turbines, power generation equipment, and industrial machinery can all benefit from these coatings' thermal barrier qualities, reduced friction, and enhanced energy transfer efficiency. Thermal spray coatings are becoming increasingly popular due to the growing need for eco-friendly and long-lasting products. However, there are also certain obstacles in the way of the worldwide thermal spray market. The high price of thermal spray equipment and materials is one of the main obstacles. Adoption of thermal spray coatings is hindered by the high upfront cost of setting up thermal spray facilities and the price of raw materials, especially for smaller businesses and sectors with tight budgets. The thermal spray method is sophisticated and requires trained workers, which presents another difficulty. The application of thermal spray coating processes calls for skill in material selection, process parameter optimization, and quality control. A lack of trained workers can reduce the quantity and quality of thermal spray coatings produced, limiting their broad use. The market is further hindered by severe environmental rules and worries about VOC emissions from thermal spray procedures. To meet standards and lessen the environmental impact, efforts are being undertaken to create ecologically acceptable thermal spray materials and techniques.
Strategic Market Shifts
Companies in the thermal spray market are forming strategic alliances and collaborations to accelerate innovation, widen their reach to customers, and break into untapped sectors. New coating solutions can be developed and access to cutting-edge technologies can be gained through partnerships with research institutions, universities, and trade groups. Partnerships help to provide full coating solutions to customers across a wider geographic area and by using complementary expertise.
Companies are putting more effort into offering responsive customer service and trustworthy follow-ups to their first sales efforts. Particularly in fields where specialized coating solutions and technical expertise are required, prioritizing client pleasure helps develop strong relationships and loyalty. Companies can improve their standing in the market by offering individualized coating solutions, rapid responses, and effective problem solving.
Report Coverage
Global Thermal Spray 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 report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Spray 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 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 market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Spray 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 Metco - Switzerland, Praxair Surface Technologies - US, Sulzer Metco - Switzerland, Flame Spray Technologies - Switzerland, H.C. Starck Surface Technology and Ceramic Powders - Germany, TST Coatings - US, ASB Industries - US, Bodycote - UK, A&A Coatings - US, Saint-Gobain Coating Solutions - France, Thermal Spray Technologies - US, Arc Spray - France, Metallisation - UK, Surface Technology - Germany, Plasma Powders & Systems Inc. - US, Eurocoating - Italy, Metallisation Ltd. - UK, Metallizing Equipment Co. Pvt. Ltd. - India, Plasma Spray Processors - US, Thermion - US
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 market based on the below-mentioned segments:
Global Thermal Spray Market, By Product
Coating materials
thermal spray equipment
Global Thermal Spray Market, By End User
Aerospace
medical devices
others
Global Thermal Spray market, Regional Analysis
Drivers
Evolution of Technology
High-velocity oxy-fuel (HVOF) and plasma spraying are two examples of modern thermal spray technologies that have enhanced coating quality, adhesion, and productivity. Because of these developments, thermal spray coatings can now be applied to a wider variety of substrates and employed in more contexts. Market expansion is fueled by technological progress, which provides more effective answers to business needs.
Growth in Final-Use Sectors
The need for thermal spray coatings is being fueled by the expanding markets of industries including aerospace, automotive, oil and gas, and power generation. New market potential exist for thermal spray applications due to the growing need for high-performance coatings in these areas and the expansion of emerging industries like medical devices and electronics.
Restraints
Problems with the Environment and Human Health
VOCs emitted during coating application and the potential presence of hazardous elements in thermal spray procedures are two areas of concern. Complying with rules and environmental requirements can be difficult for the thermal spray industry, which may need the creation of environmentally acceptable alternatives and the implementation of stringent emission control methods.
Demand for Qualified Workers
Skilled operators are needed for thermal spray procedures because of the complexity of the equipment, the variety of coating materials available, and the importance of accurate application. In areas where specialized training programs are not readily available, a lack of qualified workers may slow the spread and development of thermal spray coatings.
In recent years, the worldwide market for thermal spray has expanded steadily. Rising demand in end-use sectors like aerospace & automotive, healthcare & energy, and others drives the market. Increased demand for coatings that better safeguard components and machinery is a major factor propelling the worldwide thermal spray market. Thermal spray coatings are used in industries like aerospace and automotive to increase the life and efficiency of engine parts, turbine blades, and other crucial components. The extensive use of thermal spray coatings can be attributed to their three main benefits: wear resistance, corrosion prevention, and thermal insulation. The market for thermal spray coatings is growing as a result of the growing interest in and implementation of energy-efficient solutions across a wide range of industries. Turbines, power generation equipment, and industrial machinery can all benefit from these coatings' thermal barrier qualities, reduced friction, and enhanced energy transfer efficiency. Thermal spray coatings are becoming increasingly popular due to the growing need for eco-friendly and long-lasting products. However, there are also certain obstacles in the way of the worldwide thermal spray market. The high price of thermal spray equipment and materials is one of the main obstacles. Adoption of thermal spray coatings is hindered by the high upfront cost of setting up thermal spray facilities and the price of raw materials, especially for smaller businesses and sectors with tight budgets. The thermal spray method is sophisticated and requires trained workers, which presents another difficulty. The application of thermal spray coating processes calls for skill in material selection, process parameter optimization, and quality control. A lack of trained workers can reduce the quantity and quality of thermal spray coatings produced, limiting their broad use. The market is further hindered by severe environmental rules and worries about VOC emissions from thermal spray procedures. To meet standards and lessen the environmental impact, efforts are being undertaken to create ecologically acceptable thermal spray materials and techniques.
Strategic Market Shifts
Companies in the thermal spray market are forming strategic alliances and collaborations to accelerate innovation, widen their reach to customers, and break into untapped sectors. New coating solutions can be developed and access to cutting-edge technologies can be gained through partnerships with research institutions, universities, and trade groups. Partnerships help to provide full coating solutions to customers across a wider geographic area and by using complementary expertise.
Companies are putting more effort into offering responsive customer service and trustworthy follow-ups to their first sales efforts. Particularly in fields where specialized coating solutions and technical expertise are required, prioritizing client pleasure helps develop strong relationships and loyalty. Companies can improve their standing in the market by offering individualized coating solutions, rapid responses, and effective problem solving.
Report Coverage
Global Thermal Spray 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 report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Spray 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 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 Metco - Switzerland, Praxair Surface Technologies - US, Sulzer Metco - Switzerland, Flame Spray Technologies - Switzerland, H.C. Starck Surface Technology and Ceramic Powders - Germany, TST Coatings - US, ASB Industries - US, Bodycote - UK, A&A Coatings - US, Saint-Gobain Coating Solutions - France, Thermal Spray Technologies - US, Arc Spray - France, Metallisation - UK, Surface Technology - Germany, Plasma Powders & Systems Inc. - US, Eurocoating - Italy, Metallisation Ltd. - UK, Metallizing Equipment Co. Pvt. Ltd. - India, Plasma Spray Processors - US, Thermion - US |
| 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 Market from 2021 to 2030.
- Market Forecast for Thermal Spray 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 competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Thermal Spray
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Thermal Spray market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Spray 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 Metco - Switzerland, Praxair Surface Technologies - US, Sulzer Metco - Switzerland, Flame Spray Technologies - Switzerland, H.C. Starck Surface Technology and Ceramic Powders - Germany, TST Coatings - US, ASB Industries - US, Bodycote - UK, A&A Coatings - US, Saint-Gobain Coating Solutions - France, Thermal Spray Technologies - US, Arc Spray - France, Metallisation - UK, Surface Technology - Germany, Plasma Powders & Systems Inc. - US, Eurocoating - Italy, Metallisation Ltd. - UK, Metallizing Equipment Co. Pvt. Ltd. - India, Plasma Spray Processors - US, Thermion - US
Primary Target Market
- Market Players of Thermal Spray
- 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 market based on the below-mentioned segments:
Global Thermal Spray Market, By Product
Coating materials
thermal spray equipment
Global Thermal Spray Market, By End User
Aerospace
medical devices
others
Global Thermal Spray 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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