Thermal Spray Coatings Market Detail Analysis focusing on Key Players like Praxair Surface Technologies, TST Engineered Coating Solutions, Metallisation, Air Products & Chemicals, Flame Spray Coating, Oerlikon Metco, A&A Coatings, Curtis-Wright Corporatio

Adroit Market Research has announced the addition of the “Global Thermal Spray Coatings Market Size Status and Forecast 2025”, The report classifies the global Thermal Spray Coatings in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Thermal Spray Coatings Speaker market, analyzes and researches the Thermal Spray Coatings Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This report focuses on the top players in global market, like Praxair Surface Technologies, TST Engineered Coating Solutions, Metallisation, Air Products & Chemicals, Flame Spray Coating, Oerlikon Metco, A&A Coatings, Curtis-Wright Corporation, Plasma-Tec, White Engineering Surfaces Corporation

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The global thermal spray coatings market size was valued at USD 8.92 billion in 2017. These coatings are instrumental in enhancing and improving the component, electrical resistance, protection from corrosion, thickness capability, and reduced toxic gas emissions. These properties have boosted the global thermal spray coatings market demand.

Thermal spray coating is a technology applied to improve or restore the surface of a solid material. The process can be used to apply coatings to a wide variety of materials and components for erosion, cavitation, wear, corrosion, heat, and abrasion resistance. Insulation or electrical conductivity, high or low friction, lubricity, chemical resistance, sacrificial wear, and many other desirable surface properties are also used for thermal spraying. In many industries, thermal spray coating is widely used as the preferred method for extending the life of new components.

Cold spray technology is a niche part of the thermal spray technology and is the future of coating deposition, especially on temperature-sensitive materials. Cold spray is used widely in Australia and in many European countries as a military aircraft repair method. This process has proved to be very successful and is being increasingly accepted in many industries due to its material pureness, bond strength and the basic properties of the material. This technology is likely to offer new opportunities for the growth of the global thermal spray coating equipment market.

Metals had a valuation of USD 1.89 billion in 2017 in the global thermal spray coatings market in 2017. Aluminum, copper, and nickel are the various types of metals used as thermal sprays. Metals can also change the appearance, electrical or biological properties of the surface. In addition to wearing and corrosion resistance, thermal spray coatings that incorporate fused materials like white aluminum oxide can also improve surface properties such as thermal insulation. In addition, increasing demand for aluminum for protection of steel in offshore structures is expected to propel the global thermal spray coating industry growth. Stringent regulations laid out by the U.S. Environmental Protection Agency (EPA) for increasing consumer safety and environmental protection, has further boosted the use of thermal spray coatings in the automotive sector.

Aerospace emerged as the dominating application accounting for over 35% of the global thermal spray coatings market share in 2017 and is also projected to witness rapid growth in the future. The aerospace industry was one of the first industries that completely adopted thermal spray coatings. Many aeronautical components require wear-resistant and hard coatings capable of withstanding temperatures of up to 850°C, which has necessitated the use of thermal spray coatings in the segment. These coatings reduce the maintenance costs along with increasing component longevity.

Ceramic powders protect aviation and aerospace components from heat and wear, thus, playing an important role within the thermal barrier coatings market. Other commonly used spray powders include chromium carbide, zirconia powders, tungsten carbide, and titanium. These coatings are widely used as protective coatings to protect and repair old aircraft components. They also offer protection for motor turbine blades, high thermal resistance and longevity actuation systems. The aerospace and power generation sectors actively focus on the development of advanced surface coating processes. The presence of hexavalent chromium and related environmental problems has led to different end-use industries seeking alternative solutions. As a result, thermal spray coatings have become more effective as a substitute to hard chromium plating in the aerospace industry.

Hundreds of key components are present that are thermally sprayed in an aircraft engine. If these thermally sprayed coatings are not used, a turbine will not operate at optimum levels. Therefore, expansion of the aerospace sector is projected to have a positive impact on the global thermal spray coating market over the forecast years.

Product Overview, 2015-2025 (USD Million)
• Metals
• Ceramics
• Intermetallics
• Polymers
• Others

Application Overview, 2015-2025 (USD Million)
• Aerospace
• Industrial Gas Turbine
• Automotive
• Others

Asia Pacific accounted for 21.5% of the revenues in the global thermal spray coatings market share and is projected to grow at the highest CAGR during the forecast period. The increasing need for thermal spray coatings from aerospace and automotive industries is expected to offer favorable growth opportunities in the region. Presence of leading manufacturers in this region is a major driving factor for the automobile industry. The surge in investments and expansion in production facilities in the region will boost the demand for thermal spray coatings. Rising investments in the defense sector will also act as a key driving factor for the thermal spray coatings market growth in the region. For instance, India surpassed the UK as the fifth-largest military spender in the world in 2017 at USD 52.5 billion, up from USD 51.1 billion in 2016. Such factors are projected to escalate the demand for thermal spray coatings in the region, thereby, positively impacting the global thermal spray coatings market size.

What does the report include?
• The study on the global thermal spray coatings market includes qualitative factors such as drivers, trends, and opportunities
• Additionally, the market has been evaluated using the value chain analysis, Porter’s Five Forces’ analysis, PESTEL analysis and Patent analysis.
• The study covers qualitative and quantitative analysis of the market segmented on the basis of product and application.
• The report provides a deep-dive data analysis for all the applications.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
• The study includes the profiles of key players in the market with a significant global and/or country presence.

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