Thermal Spray Coating Market Top Key Players: Praxair Surface Technologies, Oerlikon, Bodycote, Saint-Gobain, Sandvik, General Magnaplate Corporation

Global Thermal Spray Coating Market size is estimated to exceed USD 13 billion by 2024; according to a new research report by Global Market Insights, Inc. 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 size. 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.

The automotive industry will observe a CAGR over 8.5% by 2024 owing to rising demand for passenger and commercial vehicles with durable coated components. Improved maintainability and reliability along with enhanced product life cycle will propel industry. Furthermore, high resistance towards scratch and decomposition on several automotive machineries will foster thermal spray coating market expansion.

Aerospace components are generally subjected to harsh environments with extremely high heat and pressure. Thereby, increasing demand for shielding engine components from corrosion and heat will propel product demand. Key aerospace components that require these covering processes include high-pressure turbine seals, oil seals, bearings, compressor seals and rotor-path linings.

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Thermal Spray Coating Market, By Material

• Metal
o Nickel
o Stainless steel
o Aluminum
o Tribological materials
o Molybdenum
o Titanium
o Others (Zinc, copper)
• Polymers
o PTFE
o Polyethylene
o Polyester
o Other polyolefins
• Ceramic
o Zirconia
o Titania
o Alumina
o Chromia
o Yttria
o Others (Lanthanum oxide, silicon dioxide)
• Intermetallic
o Ti-Al
o Ni-Ti
o Ni-Al
o Fe-Al
o Others (Cu-Al-Ni, Ni-Cr)
• Others (Alloys, carbides)

Thermal Spray Coating Market, By Technique
• Combustion flame
o Low velocity
o High velocity
 HVOF
 HVAF
 HVLP
o Detonation
• Electric energy
o Arc spray
o Plasma spray
o Cold spray

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North America is estimated to be worth more than USD 2.3 billion in 2016 due to increasing requirement to achieve cost optimization in aerospace & defense and power industry. Enhanced aircraft performance at competitive prices while attaining all required regulatory, manufacturing protocols is expected to positively influence thermal spray coating market share.

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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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