Thermal Spray Coatings Market Growing to Hit USD 13.22 Bn by 2023 | ASB Industries Inc, Metallisation Ltd, TST Coatings Inc, The Welding Institute, Flame Spray Coating Co, Precision Coatings Inc

Market Overview:
A research study titled, “Thermal Spray Coatings Market By Application, Product And Technology- Global Industry Analysis And Forecast To 2023” published by Crystal Market Research, states that The Thermal Spray Coatings Market was worth USD 7.56 billion in 2014 and is expected to reach approximately USD 13.22 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.41% during the forecast period.

Top Key Vendors:
The leading players in the market are
ASB Industries Inc
Metallisation Ltd
TST Coatings Inc
The Welding Institute
Flame Spray Coating Co
Precision Coatings Inc
Metallizing Equipment Company Private Limited
Praxair Surface Technologies

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The Thermal Spray Coatings Market is segmented a follows-
By Product:
Ceramics
Polymers
Abradables
Metals
Intermetallics
Carbides
Others

By Technology:
Flame spray
HVOF
Cold spray
Plasma spray
Electric arc spray
Others

By Application:
Electric arc spray
Medical
Oil & gas
Pulp & Paper
Aerospace
Automotive
Printing
Steel
Others

Growth Boosters of the Market:
Rising application extent of the products, most remarkably in the automotive and aerospace enterprises, attributable to preferences, for example, thickness ability, wear and corrosion protection, low toxic gas discharges, electrical protection, is anticipated to drive thermal spray covering market development over the conjecture time frame. These coatings have expanding market opportunity because of properties, for example, biocompatibility, cavitation protection and aesthetic appeal, making them in a perfectly suited for a few applications.

Thermal spray coatings products incorporate ceramic, polymer, abradables, metal, intermetallic, carbides and self-fluxing alloys. Ceramics is anticipated to be the biggest developing product section with a significant growth rate. Expanding inclination for superior ceramic coatings in different segments, including aerospace & defence, fibre-optic communications, healthcare, industrial goods, energy, and environmental protection is foreseen to drive industry development over years.

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Thermal Spray Coatings Market, By Application
5.1.Introduction
5.2.Global Thermal Spray Coatings Sales, Revenue and Market Share by Application (2014-2017)
5.3.Thermal Spray Coatings Market Assessment and Forecast, By Application, 2014-2023
5.4.Aerospace
5.5.Industrial Gas Turbine
5.6.Automotive
5.7.Medical
5.8.Printing
5.9.Oil & gas
5.10.Steel
5.11.Pulp & Paper
5.12.Other Applications
To be Continued...

Application Outlook and Trend Analysis:
Aerospace was the biggest application portion, representing 34.2% of global income share in 2016. Various aeronautic segments require hard, wear resistant coatings that can withstand temperatures of up to 850°C. Extension of the aerospace area, especially civil aviation in India and China by virtue of discretionary income of shoppers, is anticipated to positively affect the product business over the estimate years. Industrial gas turbine (IGT) was the second-biggest application portion in 2016.

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Regional Outlook:
North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia and Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

Challenging factors of the Market:

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Thermal Spray Coatings Market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth Global Thermal Spray Coatings Market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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This release was published on openPR.