Global Thermal Spray Market Industry Trends, Growth, Share, Size And Forecast Research Report
Overview:
The global market report on the thermal spray includes a
proper study of various factors like enhanced engineering performance, low
cost, and better shelf life among the traits of the product. These traits
ensure that the market receives traction from various end-users like aerospace,
automotive, and medical sector, among many. The rising investment in research
for the aerospace industry to curb costs is expected to bolster the market
growth. Market Research Future (MRFR), in its latest report on the market,
revealed the market has a chance to surpass a substantial valuation during the
forecast period of 2018 to 2023.
Segmentation:
The global study on the thermal spray market has been
segmented into application, product, and technology. MRFR’s analysis of the
market includes various traits and factors that can influence decisions. These
data are also backed by figures, on the basis of volume-wise and value-wise
studies, charts, graphs, and others, which makes the data more credible.
By product type, the global study of the thermal spray
market has been segmented into ceramics, metals, polymers, carbides, abradable,
intermetallic, and others. The ceramics segment would be leading the global
market from the front and it will also display the highest CAGR during the
forecast period.
Sample link
- https://www.marketresearchfuture.com/sample_request/5561
By technology, the global market study on thermal spray
has been segmented into flame spray, plasma spray, cold spray, electric arc
spray, HVOF, and others.
By application, the report concentrates on segments like
pulp & paper, industrial gas turbine, automotive, aerospace, oil & gas,
steel, medical, printing, and others. The aerospace segment earns the maximum
market share.
Regional Analysis:
Asia Pacific is expected to register the fastest CAGR
during the forecast period. China and India are pegged to play crucial roles in
taking the global market forward. The North American aerospace industry would
inspire transformation in the market.
Competitive Landscape:
Flame Spray Coating Company (U.S.), A & A Thermal
Spray Coatings (U.S.), Praxair Surface Technologies, Inc. (U.S.), General
Magnaplate Corporation (U.S.), Surface Technology Inc (U.K.), H.C. Starck GmbH
(Germany), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), and ASB
Industries, Inc. (U.S.) others are some of the major trendsetters for the
global market. These companies are impacting the market outcome with their
plans involving mergers, tie-ups, innovations, branding, the price hike for
research and development related activities, launching of new products,
acquisitions, and others. MRFR ensured that their recent steps are listed in
the report to make sure a proper understanding of the flow. This flow would
help in planning for better market outcomes.
Access Report Details
@ https://www.marketresearchfuture.com/reports/thermal-spray-market-5561
Industry News:
In June 2020, Quintus Technologies declared
that its Hot Isostatic Press (HIP) would help Flame Spray SpA, an eminent name
in the advanced thermal spray industry, to respond to a surge in demand for
procedures like densification and heat treatment as additive manufacturing
(AM). This method is increasingly becoming popular in the production of various
aerospace parts. This will also be bolstered by the growing investment in the
aerospace sector to accommodate the latest technologies that can significantly
transform the market.
The COVID-19 pandemic has arrested the growth of several
industries as countries were forced to introduce lockdowns and limit the
production rate of the manufacturing sector. The automotive segment has lost a
substantial amount of revenue and to counter that they have reduced their intake
of resources, which would adversely impact the thermal spray market. However,
the medical sector is getting boosted by the rising demand for the
manufacturing of several healthcare components, which might create a balance
for the market.
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