Press release
Global Market Study on Thermal Spray Coatings: Industry Analysis and Forecast, 2016–2024
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/11173
The aerospace and power generation industries are actively focusing on the development of advanced surface coating processes. The presence of hexavalent chromium and environmental issues related to it has caused various end-use industries to look for alternatives. As a result of this, thermal spray coatings have gained traction as a replacement for hard chromium plating in the aerospace industry. Revenue generated from sales of thermal spray coatings is expected to increase at a CAGR of 5.9% over the forecast period. Thermal spray coatings are used in medical implants as well. Increasing use of titanium and hydroxyapatite coatings in biomedical implants using thermal spray technology, is expected to drive the growth of the thermal spray coatings market over the forecast period. However, thermal spray coating is a line-of-sight coating process, i.e. it covers only the part which is in a line of the coating system. Moreover, robotic functions and frequent adjustments in case of complex geometries lead to high cost of thermal spray coatings, which is expected to inhibit the growth of the market over the forecast period.
By material type, ceramics segment is expected to continue to dominate the market in terms of value throughout the forecast period. This segment is also expected to witness high growth over the forecast period. Metals, alloys, and carbides are estimated to collectively account for a market value share of over 50% by the end of 2016. On the basis of process type, cold spray segment is expected to expand at double-digit CAGR in terms of value over the forecast period. This is mainly attributed to it being suitable for depositing a wide range materials on various types of substrate materials, especially those that are temperature sensitive.
On the basis of application, aerospace segment is expected to account for a market value share of 37.4%, valued at US$ 4.7 Bn by 2024 end. Industrial gas turbines segment is expected to expand at the highest CAGR in terms of value over the forecast period. Increasing energy requirements across the globe are expected to increase demand for high-performance engines and turbines. This, in turn, is projected to fuel demand for thermal spray coatings, as this process provides excellent coatings and exhibits superior resistance to wearing and corrosion. Hence, Industrial gas turbines segment is anticipated to be the fastest growing segment during the forecast period.
Sales of thermal spray coatings in North America is estimated to account for highest share by the end of 2016. Sales in Asia Pacific is expected to increase at the highest CAGR over the forecast period.
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/market-research/thermal-spray-coatings-market/toc
Key players in the global thermal spray coatings market include Sulzer Ltd., Oerlikon Group, Praxiar Ltd., Bodycote plc., Abakan Inc., Curtis-Wright Corporation, Metallisation Ltd., Thermal Spray Technologies Inc., and ASB Industries, Inc. The thermal spray coatings market has witnessed various merger and acquisition activities, leading to industry consolidation over the last few years. Most of these activities were undertaken by market leaders in North America and Europe markets.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Market Study on Thermal Spray Coatings: Industry Analysis and Forecast, 2016–2024 here
News-ID: 1343543 • Views: …
More Releases from Persistence Market Research
Packaging Machinery Market to Surpass US$ 82.3 Bn by 2030 with Steady 4.7% CAGR …
➤Overview of the Market
According to the latest analysis by Persistence Market Research, the global packaging machinery market is projected to grow from US$ 59,737.4 million in 2023 to US$ 82,389.7 million by 2030, registering a CAGR of 4.7% during the forecast period. Rising consumer demand for packaged goods, automation, and technological upgrades in manufacturing are among the key forces transforming the industry landscape.
The packaging machinery market plays a vital role…
Packaging Tensioner Market Set to Reach US$ 13.3 Bn by 2030 with 3.8% CAGR - Per …
➤ Overview of the Market
According to Persistence Market Research, the global packaging tensioner market is projected to rise from US$ 10,237.5 million in 2023 to US$ 13,291.5 million by 2030, expanding at a CAGR of 3.8%. Packaging tensioners, essential for securing strapping around pallets, cartons, and bundled goods, are increasingly adopted across industries to ensure safe and efficient handling during transport. Growth is primarily driven by automation trends in packaging,…
Beverage Packaging Market to Surpass US$ 138.9 Bn by 2031 Driven by Sustainabili …
➤Overview of the Market
According to the latest study by Persistence Market Research, the global beverage packaging market is projected to grow at a CAGR of 4.1% from US$ 1,04,820.0 million in 2024 to US$ 1,38,867.1 million by 2031. Rising consumer preference for sustainable packaging, growing consumption of ready-to-drink products, and ongoing innovation in material science are major factors boosting the industry worldwide.
The beverage packaging industry plays a vital role in…
Actuators Device Market to Reach US$ 102.8 Bn by 2031 Fueled by 7% CAGR and Auto …
➤ Overview of the Market
The global actuators device market is poised for robust growth, projected to rise from US$ 67.7 Bn in 2024 to US$ 102.8 Bn by 2031 at a CAGR of 7%, according to Persistence Market Research. Rapid automation across industries, growing investment in industrial robotics, and expanding applications in aerospace, automotive, and medical devices are key catalysts for market acceleration.
The actuators device market encompasses mechanical systems that…
More Releases for Thermal
Thermal Weeder Market
Thermal Weeder Market Value is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029). It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Important changes in the business allow key players to attain larger profits. This Thermal WeederMarket study report is the best way to make changes with the help of entire market condition and metrics provided here. These…
Rising Demand for Thermal Analysis Techniques to Boost Differential thermal anal …
[San Francisco, USA] - Market research firm Trouve360Reports has added a latest report on the global differential thermal analysis market. The report offers a comprehensive analysis of the market, providing insights into key trends, growth drivers, and challenges that are shaping the industry.
The report presents a detailed market introduction, highlighting the definition of differential thermal analysis and its applications in various industries. The market overview section of the report offers…
Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) Market …
According to Market Study Report, Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) Market provides a comprehensive analysis of the Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC,…
What is the Difference Between Direct Thermal and Thermal Transfer Labels?
Northern Label Systems, specialists in supplying high quality labels explain the differences between Direct Thermal https://www.northern-label-systems.co.uk/labels-by-type/direct-thermal-labels and Thermal Transfer Labels https://www.northern-label-systems.co.uk/labels-by-type/thermal-transfer-labels
Thermal Transfer printing uses an ink ribbon to transfer the printed image from the heated printhead of the label printer onto the surface of the label while Direct Thermal printing transfers the image directly onto a heat sensitive material.
There are advantages and disadvantages to both methods. Direct Thermal label…
Global Thermal Transfer Material Market, Global Thermal Transfer Material Indust …
Thermal conductivity refers as an important characteristic for several manufacturing operations. Thermal transfer properties of a variety of materials are effective in certain applications owing to natural molecular structure that allows for direct heat-transfer. Thermal transfer materials are extensively used to manufacture the heat conductive adhesive tapes, printable products and polymer sheets. These polymer sheets are utilized for barcodes, labeling, and QR code labels for retailing, logistics, and consumer goods.…
Global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) …
Qyresearchreports include new market research report "Global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) Sales Market Report 2018" to its huge collection of research reports.
This report studies the global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) market status and forecast, categorizes the global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) market size (value & volume) by key players, type, application, and…
