San Francisco, 03 April , Thermal Spray Coatings Market Size, Share
& Trends Analysis Report By Product, By Technology (Cold, Flame, Plasma,
HVOF, Electric Arc), By Application, By Region, And Segment Forecasts, 2019 –
2025.
The global thermal spray coatings market size
is anticipated to reach USD 14.99 billion by 2025, according to a new report by
Grand View Research, Inc. It is expected to expand at a CAGR of 6.7% during the
forecast period. Increasing demand from aerospace, industrial gas turbines, and
a few other industries is expected to propel the growth.
Growing
demand for corrosion resistant coatings from these industries is expected to be
a key driver for market growth. Thermal spraying is used to improve or restore
the surface of a solid material. This technological process can be used to
apply coatings to a wide range of components and materials, to provide
resistance to cavitation, wear, abrasion erosion, heat, and corrosion.
In
addition, thermal spraying is used to provide insulation or electrical
conductivity, chemical resistance, lubricity, sacrificial wear, high or low
friction, and various other desirable properties to the coated surface. These
coatings have high potential market opportunity on account of its properties
such as biocompatibility, cavitation resistance, and aesthetic appeal making
them ideally suited for various applications.
Growing
oil and gas explorations, particularly in Asia Pacific coupled with upcoming
shale gas explorations across the globe is expected to fuel demand over the
forecast period. The thermal spray coatings market is characterized by the
presence of stringent regulations in various regions including in Europe and
North America. There are several regulations governing the market that define
thermal-spray processes for machinery element repair of ferrous and non-ferrous
substrates.
Medical
is expected to be a lucrative application segment on account to increasing
application scope of thermal spray coating particularly in the biomedical
sector. They help extend shelf life and improve performance of dental and
orthopedic implants. Advantages of using thermal spray coating in the
biomedical sector include superior wear and corrosion resistance and bone bond
enhancement.
Automotive
industry growth mainly in China, India, Malaysia, Indonesia, and Thailand is
expected boost production capacities of coating manufacturing companies. Asia
Pacific is expected to be the fastest growing market on account of increasing
vehicle production along with rapid economic growth in China, India, Japan,
Indonesia, South Korea, and Thailand.
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Research Report On Thermal Spray Coatings Market Analysis:
Further key findings from the report
suggest:
·
In terms of revenue, ceramics
product segment is anticipated to reach USD 4.81 billion by 2025, growing at a
CAGR of 7.2% from 2017 to 2025
·
Aerospace application segment
dominated the market in terms of revenue, with a market share of over 32.30% in
2017, owing to the ability of thermal spray coating to provide wear and
corrosion protection, low toxic gas emissions, thickness capability, and electrical
resistance to the surface
·
The U.S. thermal spray coatings
market is anticipated to exceed USD 3.04 billion by 2025 owing to the presence
of various manufacturers and suppliers in the country
·
The market is competitive with
the presence of a number of global, medium, and small scale companies catering
to the global and local demand. The companies engage in mergers and
acquisitions to expand their market reach and product portfolios
·
Some of the key companies
include Praxair Surface Technologies; H.C. Starck Inc.; Wall Colmonoy; Powder
Alloy Corporation; Carpenter Technology Corporation; Montreal Carbide Co. Ltd.;
and Kennametal Stellite.
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has
segmented the global thermal spray coatings market on the basis of product,
technology, application, and region:
Thermal
Spray Coatings Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Metals
·
Ceramics
·
Intermetallics
·
Polymers
·
Carbides
·
Abradables
·
Others
Thermal
Spray Coatings Technology Outlook (Revenue, USD Million, 2014 - 2025)
·
Cold
·
Flame
·
Plasma
·
HVOF
·
Electric Arc
·
Others
Thermal
Spray Coatings Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Aerospace
·
Industrial Gas Turbine
·
Automotive
·
Medical
·
Printing
·
Oil & gas
·
Steel
·
Pulp & Paper
·
Others
Thermal
Spray Coatings Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
o
Finland
o
Denmark
o
Sweden
·
Asia Pacific
o
Japan
o
China
o
India
o
Thailand
o
Malaysia
·
Central & South America
o
Brazil
o
Argentina
·
Middle East & Africa
o
UAE
o
Saudi Arabia
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-thermal-spray-coating-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com/
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