Thermal Spray Materials Market Share, Global Analysis, Research by Top Companies including AMETEK, Laser Cladding Services, Oerlikon, OMNOVA Solutions, DyStar, The Dow Chemical Company & Lonsen Kiri Chemical Industries Limited Forecast by 2024

Thermal spray materials market is projected to reach $2,869.2 million by 2024. The market growth is driven by the increasing requirement of thermal sprays for coating components, which are vulnerable to corrosion, erosion, and extremely high temperature and pressure conditions.

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Based on type, the thermal spray materials market is characterized into powder and wire/rod. Wire/rod category is estimated to account for larger share in 2018. High demand for wire/rod is driven by the fact that by using wire/rod, only the molten droplets are propelled toward the substrate, thereby minimizing wastages.

Based on end-use industry, the thermal spray materials market is categorized into automotive, aerospace, industrial gas turbines, energy and power, electronics, oil and gas, medical devices, and others. The others category includes adoption of thermal sprays in equipment and devices that are engaged in textile manufacturing, rubber manufacturing, food processing, mining, and industrial manufacturing industries.

Aerospace and aviation components often get exposed to harsh environmental conditions, such as extreme heat and pressure. Thermal spray materials, thus, help in protecting these components from high wear and heat. Moreover, application of thermal spray powder over these components results in reduced maintenance cost, enhanced performance, and higher fuel efficiency.

Majority of companies engaged in the thermal spray materials market are forward-integrated to provide coating solutions in the form of technologies, equipment, and services. Besides, these players have differentiated clients and customers in the aerospace, automotive, medical, oil and gas, and marine industries.

The global thermal spray materials market is majorly dominated by multinational corporations including OC Oerlikon Corporation AG, Praxair S.T. Technology Inc., H.C. Starck GmbH, Kennametal Inc., and Höganäs AB.

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Carpenter Technology Corporation, AlSher APM, AMETEK Inc., C&M Technologies GmbH, Bay State Surface Technologies Inc. (Aimtek Inc.)Powder Alloy Corporation, Sandvik AB, and Saint-Gobain A.G. are other key players accounting for a significant share in the thermal spray materials market.

GLOBAL THERMAL SPRAY MATERIALS MARKET SEGMENTATION
By Type
• Powder
o Metal-based
 Pure metal and alloy
 MCrAlY alloy
 Precious metal
• Ceramic-based
o Ceramic oxide
 Alumina
 Chromia
 Titania
 Zirconia
 Others
o Cermets
o Carbides
• Polymer and other material-based
• Wire/Rod
By End-Use Industry
• Automotive
• Aerospace
• Industrial Gas Turbines
• Energy and Power
• Electronics
• Oil and Gas
• Medical Devices
• Others
By Geography
• North America Thermal Spray Materials Market
o By type
o By end-use industry
o By country – U.S. and Canada
• Europe Thermal Spray Materials Market
o By type
o By end-use industry
o By country – Germany, France, U.K., Italy, and Rest of Europe
• Asia-Pacific (APAC) Thermal Spray Materials Market
o By type
o By end-use industry
o By country – China, Japan, India, South Korea, and Rest of APAC
• Latin America (LATAM) Thermal Spray Materials Market
o By type
o By end-use industry
o By country – Brazil, Mexico, Argentina, and Rest of LATAM
• Middle East and Africa (MEA) Thermal Spray Materials Market
o By type
o By end-use industry
o By country – Saudi Arabia, South Africa, and Rest of MEA

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