Thermal Spray Coatings Market 2019 Analysis by Top Key Vendors - Praxair Surface Technologies, TWI, TST Engineered Coating Solutions, Metallisation, Air Products & Chemicals, Flame Spray Coating Co., Oerlikon Metco, A&A Coatings, Curtis-Wright Corporation

Adroit Market Research offers 2019 report on “Thermal Spray Coatings Market 2025” that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025.

About the Thermal Spray Coatings Market:

The global thermal spray coatings market size is projected to be worth USD 15.01 billion by 2025. This can be attributed to its increasing usage in aerospace and automotive industries. Expansion of these industries is projected to offer favorable growth opportunities for the global thermal spray coatings industry over the next few years.

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Thermal Spray Coatings Market Competition by TOP PLAYERS, with Thermal Spray Coatings sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: Praxair Surface Technologies, TWI, TST Engineered Coating Solutions, Metallisation, Air Products & Chemicals, Flame Spray Coating Co., Oerlikon Metco, A&A Coatings, Curtis-Wright Corporation, Plasma-Tec, White Engineering Surfaces Corporation

Scope of the Report (Overlook 2019-2025):

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.

Based on application, the industrial gas turbine is projected to be the fastest growing application in the global thermal spray coatings market with a valuation of approximately USD 3.81 billion by 2025. Industrial gas turbine components are subject to huge mechanical loads at high temperatures while confronting the corrosion of hot gas and the erosion of aggressive air and fuels. Special thermal sprayed coatings have been developed to protect against these damaging environments. These coatings extend the operating life and enable higher turbine-entry-temperature (TET) to improve thermal efficiency. The rising application of gas turbines in helicopters, ships, tanks, locomotives, and motorcycles is due to the properties of thermal spray coatings such as protection of gas turbine components against friction, wear, and corrosion. Growing energy needs across the globe are expected to boost the demand for high-performance engines and turbines, thereby, leading to the growth of thermal spray coatings market. Most modern gas turbines use thermal spray coating technology to keep these components performance.

North America is anticipated to hold a market share of more than 27% at the end of the forecast period. The growing aerospace and automotive manufacturing sector are expected to fuel the demand for thermal spray coatings in the region. According to the International Organization of Motor Vehicle Manufacturers, 1,983,745 vehicles were sold in Canada in 2016 as compared to 2,077,000 vehicles sold in 2017, which is a 4.7% increase. This growth is projected to augment the demand for thermal spray coatings in the country. Furthermore, the stringent environmental regulations in the region have escalated the demand for environmentally friendly products, thereby, leading to the overall thermal spray coating equipment market growth.

Key segments of the global thermal spray coatings market:

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

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

What Information does this report contain?

• Historical data coverage: 2014 to 2017; Growth Projections: 2019 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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