Press release
Thermal Spray Coating Market Size to 2024: Profiling Oerlikon Metco, Praxair Surface technologies, H.C. Starck, A & A Coatings and Bodycote
Global Thermal Spray Coating Market is estimated to exceed USD 13 billion by 2024; according to a new research report.
Strong application outlook in medical devices, gas turbines and aerospace & automotive components, due to superior corrosion & wear resistance and cost-effective properties will drive thermal spray coating market. Increasing preference for HVOF process over hard chromium plating due to relatively shorter processing time and comparatively lesser environmental impact are among key factors fueling industry growth.
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Shifting manufacturer focus for superior surface properties to extend equipment service life has enhanced the product demand. Increasing R&D investments for advanced solutions development to improve machinery productivity, performance and overall durability will support industry growth.
Rising demand for dimensional restoration, using as thermal barriers, electrical conductors and electromagnetic shielding will propel the flame spray coating demand. Moreover, ability to recoat damaged or worn substrates in several end-use industries including energy & power, marine and aerospace industry will provide positive outlook for product demand.
Combustion flame demand is expected to surpass 600 kilo tons by 2024. Increasing adoption for larger substrate applications particularly in oil & gas and aerospace industry are among major factors driving industry demand. Emergence of advanced technologies with improved performance including HVOF and HVAF process will support business growth.
Global thermal spray coating market was led by North America accounting for more than 30% in 2016. Presence of major aerospace and automotive companies along with comparatively higher adoption of flame spray coating will propel regional demand.
Global flame spray coating market share is moderately consolidated with top three players accounting for more than 30% of the industry share. Oerlikon Metco, Praxair Surface technologies, H.C. Starck, A & A Coatings and Bodycote are among major industry players. Collaborations, joint ventures and long-term agreements among different participants across the value chain are major strategies observed.
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Table of Content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Definitions & assumptions
1.1.5 Forecast parameters & considerations
1.2 Data Sources
1.2.1 Primary
1.2.2 Secondary
Chapter 2 Executive Summary
2.1 Thermal spray coating industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Material trends
2.1.3 Process trends
2.1.4 End-use industry trends
2.1.5 Regional trends
Chapter 3 Thermal Spray Coating Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Profit margin trends
3.3.3 Vendor matrix
3.4 Technology landscape
3.4.1 Combustion flame
3.4.1.1 Low velocity
3.4.1.2 The High-Velocity Oxygen Fuel (HVOF)
3.4.1.3 Detonation
3.4.2 Electrical energy
3.4.2.1 Two-wire electric arc spraying
3.4.2.2 Plasma spray
3.4.2.3 Cold spray
3.5 Regulatory landscape
3.5.1 North America
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https://www.marketstudyreport.com/reports/thermal-spray-coating-market
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