Thermal Spray Market 2023 Competitive Landscape :- Flame Spray Coating Company , A & A Thermal Spray Coatings , Praxair Surface Technologies, Oerlikon Metco
Synopsis of Thermal spray Market:-
Thermal spraying is an industrial process of coating that involves the formation of substrates in the semi-molten and molten state. Thermal spraying provides thick coatings up to 20 mm over a large area and deposition rate than other coatings. These sprays are used for a protective or decorative coating in many substrates including metals, ceramics, polymers, intermetallic, carbides, abradable, and others.
The properties such as enhanced engineering performance increased shelf life, and low coating cost makes them a suitable substitute in comparison with other coatings. The growing demand from the end-user industries such as aerospace, automobiles, oil & gas, steel, medical and printing among others is substantially driving the growth of the market. However, low adoption rate coupled with the growing threat of substitution are some of the major restraints in the growth of the market.
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Among the various product segments in thermal spray market, the ceramics is expected to be the leading segment of the market and is anticipated to show a considerable CAGR during the forecast years. The growing demand for efficient ceramic coatings in healthcare, defense, aerospace, and oil & gas sector among others is the major factor fuelling the market growth. Metals are the second largest product segment and are anticipated to account for over 20% of market share during the assessed years. The growing application of metals in various sectors has increased the demand for coatings, in turn, contributing to the growth of the segment.
Global Key Players:-
A & A Thermal Spray Coatings (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair Surface Technologies, Inc. (U.S.), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), Surface Technology Inc (U.K.), H.C. Starck GmbH (Germany), and ASB Industries, Inc. (U.S.), among others.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa
Thermal spray market manufacturers
Traders and Distributors of thermal spray market
Production process industries
Raw material suppliers
The thermal spray market is segmented into five regions: Latin America, the Middle East & Africa, Asia Pacific, North America, and Europe. Among these, Asia is expected to be the fastest growing region with an encouraging CAGR. Growing population and the increasing per capita disposable income in the developing nations are primarily driving the growth of the thermal spray market. Moreover, the propelling aerospace and the automobile industry in countries such as India and China, is increasing the demand for thermal spray. Moreover, the growing demand from the oil and gas industry mainly in China, India is another factor positively affecting the market growth.
The growing population has augmented the need for energy in the region which has resulted in a surge in oil and gas activities, thereby increasing the demand for a thermal spray for the use in bearings, pump shafts, hydraulic plungers and other applications. North America is the largest market and is expected to retain its dominance during the forecast years. The developed industries such as aerospace, automobile, and pharmaceuticals among other are positively affecting the market growth. The European region is a lucrative market and is mainly driven by a well-developed automobile and aerospace industry. Moreover, the growing oil and gas related activities mainly in Russia is expected to surge the market growth, Europe is expected to show a CAGR of over 5.5% during the forecast years.
The global thermal spray market is segmented into product, application, and technology. On the basis of the product type, the market is segregated into metals, ceramics, intermetallic, polymers, carbides, abradable and others. The market by technology is further categorized into cold spray, flame spray, plasma spray, HVOF, electric arc spray, and others. On the basis of application, the market is segregated into aerospace, industrial gas turbine, automotive, medical, printing, oil & gas, steel, pulp & paper and others.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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