Thermal Spray Coating Market (2022 to 2030) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts
Thermal sprayed coatings are used to improve the properties of substrates. It can provide resistance against corrosion, abrasion, cavitation, heat, erosion, and wear. It is compatible with various types of metals and polymers. The global thermal spray coatings market report by Market Research Future (MRFR) outlines vital trends and opportunities for industry end-users for the forecast period of 2018 to 2023 (forecast period).
Market Scope
The global thermal spray coatings market is set to achieve a stellar
valuation over the forecast period. This can be primarily attributed to its low
toxic nature and high deposition rate on substrates. The application in
numerous end-use industries of agriculture, automotive, aerospace, electronic,
healthcare, and energy & power is predicted to drive up the market demand
exponentially. For instance, these coatings are applied on automotive parts,
food & beverage reactors, aerospace precision parts, and others to prevent
it from damage from climatic conditions.
Competition Outlook
Progressive Surface, Precision Coatings, Inc., Surface Technology,
Air Products & Chemicals, Inc., BryCoat Inc., Praxair S.T. Technology,
Inc., Metallisation Ltd., Oerlikon Metco Ag Wohlen, General Magnaplate
Corporation, Cincinnati Thermal Spray, Inc., Plasma-Tec, A&A Thermal Spray
Coatings, Flame Spray Coating Company, H.C. Starck GmbH, ASB Industries, Inc.
are key players of the global thermal spray coatings market.
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Report Details
@ https://www.marketresearchfuture.com/reports/thermal-spray-coatings-market-6053
The need to reduce production costs and improve durability of
components can fuel the global thermal spray coatings market growth throughout
the forecast period. The shift towards thermal spray coating over hard chrome
plating can be advantageous for the market in the long run. Furthermore,
stringent regulations by REACH and EPA for prevention of VOC transmissions will
provide growth opportunities for the market.
Segmentation
The global thermal spray coatings market is segmented by the coating
material, heat source, process, end-use industry, and region.
On the basis of the coating material, the global thermal spray
coatings market is segmented into ceramic, carbide, metal & alloys, polymer,
and cermet. Metal & alloys held the majority of the market due to its
acceptance in various end-use industries.
On the basis of the heat source, the global thermal spray coatings
market is segmented into combustion flame and electrical energy. The electrical
energy segment is predicted to accrue maximum revenue for the market owing to
being covering a large surface area and
cost-economical in nature.
On the basis of the process, the global thermal spray coatings
market is segmented into cold spray, flame spray, plasma spray, high-velocity
oxy-fuel, electric arc spray, and others. Electric arc spray accounted for the
largest market share in 2017 due to being commonly available and cost-effective
for industries. On the other hand, plasma spray can dethrone electric arc spray
in the coming years from its position owing to properties of wear & weather
resistance, uniform coating thickness, and clean process.
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On the basis of the end-user industry, the global thermal spray
coatings market is segmented into aerospace, automotive, healthcare,
construction, industrial, energy & power, electronics, agriculture, and
others. Automotive, aerospace, industrial, and healthcare segments accounted
for a major share of the market due to its eco-friendly nature.
Regional Analysis
The global thermal spray coatings market is segmented into five
regions namely Asia Pacific (APAC), North America, Europe, Latin America, and
the Middle East and Africa.
APAC held a major market share in 2017 due to lax regulations and
steady growth of developed economies. Rapid growth witnessed in sectors of
agriculture, automotive, healthcare, industrial, energy & power, and
electronics in the region can influence market growth.
North America is the second-largest market in 2017 owing to industries
of agriculture, healthcare, and aerospace. Similarly, Europe can enjoy massive
demand due to industries of agriculture and automotive.
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