openPR Logo
Press release

What's Driving The Thermal Spray Coating Market Size? | Top Key players Sandvik, Praxair, Inc, Oerlikon, Air Products, Bodycote, Saint-Gobain

06-07-2019 12:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Thermal Spray Coating Market

Thermal Spray Coating Market

Thermal Spray Coating Market anticipated to register a high growth in the automotive industry. It 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 industry expansion.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/1347

ThermaSpray’s yesteryear exhibition of coatings vividly underlines the exceptional transformation thermal spray coating market has undergone in recent times. ThermaSpray’s thermal spray coating technologies, reportedly of a high superior quality and excellent dependability are renown to operate brilliantly in harsh environments, deeming them completely suitable for end-use domains such as power generation, petrochemicals, chemicals, and mining.

One of the pivotal factors these coatings have gained widespread traction for in thermal spray coating industry is that they offer enhanced performance along with cost-saving benefits in addition to helping end-users and OEMs with regards to enhanced uptime, increased productivity, and lowered maintenance. Indeed, ThermaSpray’s coating range validates the efforts undertaken by major players in thermal spray coating market to upscale the product portfolio in order to expand the end-use landscape of these coatings beyond the automotive, aerospace, power, and healthcare sectors.

Unveiling thermal spray coating market trends in the aerospace sector

The aerospace & defense domain has evolved extensively since its inception, and now stands as a vital growth avenue for thermal spray coating industry. Metal and polymer coatings are widely deployed in the manufacture and finesse of parts such as flame tubes, HPT outer stationary seals, turbine blades, and more. Highly specialized coatings and spray technologies are extensively used in aircraft manufacturing, repair, and maintenance, which in consequence would have a profitable impact on thermal spray coating industry size. As per reliable estimates, in 2016, the top 100 aerospace & defense companies chronicled a cumulative valuation of USD 700 billion – registering an aggregate profit of more than USD 65 billion from the revenue recorded in 2015. Indeed, extensive spending on commercial and military aircraft is likely to massively propel thermal spray coating market size from the aerospace sector.

The expansion of the aerospace industry has been particularly vivid in North America, given the fact that the region has established itself as a highly lucrative growth ground for aircraft manufacturing and maintenance across the commercial & defense sectors, gradually impelling the regional thermal spray coating market share. Estimates claim that the U.S. civil aviation sector recorded an expenditure of more than USD 79 billion in 2015. Undeniably, the aviation domain stands tall as far as the adoption of thermal coatings is considered. In consequence, the demand for these coatings in the manufacturing process of aircraft components has witnessed an upsurge across major geographies, augmenting thermal spray coating industry size from the aerospace & defense sector, which was pegged at USD 2.5 billion in 2016.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/1347

As on today, the increasing consumer disposable incomes, rising threats from enemy countries, and the growth in air traffic flow has led to a massive demand for general, defense, and commercial aircraft. Estimates claim that in 2017 alone, global annual air traffic witnessed a growth rate of close to 4.5%. This has upscaled the requirement of ceramic, metal, and polymer coating technologies in aerospace, gradually propelling thermal spray coating industry outlook.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. A&A Coatings
2. Flame Spray
3. General Magnaplate Corporation
4. Praxair, Inc
5. Oerlikon
6. Plasma-Tec
7. Surface Technology
8. H.C. Starck
9. ASB Industries
10. Metallisation Ltd
11. MesoCoat, Inc.
12. Cincinnati Thermal Spray Inc.
13. Thermion Inc.
14. Air Products
15. Bodycote
16. Saint-Gobain
17. Sandvik

An instance depicting the impact of R&D programs on thermal spray coating market expansion

Merely a few days ago, NASA took notice of a research study in thermal spray coating market that entailed a new technology to be deployed in aerospace gas turbine engines. The study claims that controlled segmented YSZ (Yttria Stabilised Zirconia) plasma-sprayed coating technology has the potential to lower thermal spray coating costs by nearly 50%. Rather, the segmentation (cracks) in the coating prove beneficial for gas turbine engine designs used in aircrafts.

Indeed, the new technology has been acknowledged as an inexpensive solution for the existing YSZ thermal barrier coatings developed by the APS (atmospheric plasma sprayed) technique and stands to be in a more accepting position to be commercialized sooner than anticipated. The new technology that may soon officially debut in thermal spray coating industry also seems to have an advantage over expensive techniques such as EB-PVD or SPS deposited coatings.

It is thus vividly coherent that the rising number of R&D ventures have a pivotal role to play in enhancing the commercialization potential of thermal spray coating market. Another prospective growth avenue for thermal spray coating industry however, is that of the repair and maintenance of damaged parts. Processes such as air plasma spray and HVOF (High Velocity Oxygen Fuel) sprays are massively used for component repair in the aviation domain. Say for instance, a few years back in 2014, it came to the attention of a popular turbo-prop aircraft that nickel electroplated coatings used to protect roller wear surfaces wore away after a while accompanied by major wear and tear in the metal substrate.

In response, VAC AERO, one of the prominent players of thermal spray coating market specializing in the repair of structural components of airplanes, came up with a solution to deploy the HVOF process for applying a tungsten carbide coating over the worn component area that acted as an apt wear resistant overlay and helped restore the damaged substrate. Post the acceptance of this technology in the aerospace domain, numerous thermal spray coating industry players were known to follow suit, thereby leading to the growth of a lucrative revenue ground in the business.

Browse key industry insights spread across 550 pages with 452 market data tables & 21 figures & charts from the report, “Thermal Spray Coating Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/thermal-spray-coating-market

Endorsed by an extensive end-use spectrum, thermal spray coating market stands as a strong niche vertical in the global bulk and specialty chemicals sphere. The aforementioned declaration can be aptly justified by means of reliable estimates that claim thermal spray coating industry size to cross a coveted mark of 900 kilo tons by 2024. Indeed, in the ensuing years, the automotive, energy, healthcare, and aviation sectors have been projected to grow at an unprecedented pace, the impact of which is certain to be felt across the global thermal spray coating industry.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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.

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 What's Driving The Thermal Spray Coating Market Size? | Top Key players Sandvik, Praxair, Inc, Oerlikon, Air Products, Bodycote, Saint-Gobain here

News-ID: 1767937 • Views: 337

More Releases from Global Market Insights

Plant Protein Ingredients Market 2020 Forecast 2026 | Top Players - Axiom Food I …
The global Plant Protein Ingredients market was valued at USD 5.5 Billion in 2019 and is projected to touch USD 10 Billion by 2025, developing at a CAGR of 19% from 2019 to 2025. Decresearch has recently published a study titled 'Global Plant Protein Ingredients Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Plant Protein Ingredients market. The report is inclusive of a completely
Shea Butter Market 2020 Forecast 2026 | Top Players - OLVEA GROUP, AAK AB, Corne …
The global Shea Butter market was valued at USD 1.40 Billion in 2018 and is projected to touch USD 2.9 Billion by 2024, developing at a CAGR of 10.5% from 2019 to 2024. Decresearch has recently published a study titled 'Global Shea Butter Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Shea Butter market. The report is inclusive of a completely comprehensive study of
Coenzyme Q10 Market 2020 Forecast 2026 | Top Players - Vitamin Shoppe, NBTY, Pha …
Decresearch has recently published a study titled 'Global Coenzyme Q10 Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Coenzyme Q10 market. The report is inclusive of a completely comprehensive study of the Coenzyme Q10 Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market. A highly methodical quantitative as well as qualitative analysis of
Biomedical Warming and Thawing Device Market is forecasted to surpass USD 0.27 b …
The overall Biomedical Warming and Thawing Device Market is slated to depict a valuation of $0.27 billion by 2024, having registered a remuneration of $0.138 billion in 2017. The Biomedical Warming and Thawing Device Market report coverage is comprised of various parameters such as the industry size, regional opportunities for market expansion, important participants in the industry, restraining factors as well as driving forces, segmental analysis, and details on competitive

All 5 Releases


More Releases for Spray

Spray Pump Market 2019 | Global Forecast 2025 | Top Key Players - PMT Spray Pump …
Up Market Research added a new “Spray Pump Market research report for the period of 2019 – 2025. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Get Exclusive Free Sample Copy Of This Report @ https://www.upmarketresearch.com/home/requested_sample/73974 The report highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Spray Pump
Spray Guns Market
https://www.qandqmarketresearch.com/reports/7468045/spray-guns-market-40 Global Spray Guns market size will increase to Million US$ by 2025, from Million US$ in 2018, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Spray Guns. This report researches the worldwide Spray Guns market size value, capacity, production and consumption in key regions like United
Thermal Spray Market 2023 Competitive Landscape :- Flame Spray Coating Company , …
Thermal Spray Industry report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. On the basis of product, this report displays the Cost Structure, Sales Revenue, Sales Volume, Gross Margin, market share and growth rate. Synopsis of Thermal spray Market:- Thermal spraying is an industrial process of coating that involves the formation of substrates in the semi-molten and molten state. Thermal spraying provides
Spray Pump Market Is Booming Worldwide | PMT Spray Pump, Graco, Wuxi Sunmart Sci …
Spray pumps are the devices with specific applications is surging. As there are many industrial applications where insecticides, fungicides, nutrient and pesticides are used for safety. spray pumps are devices used for spraying liquid and mainly come in two types, namely centrifugal and diaphragm. Global Spray Pump Market 2018 which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product
agricultural disinfectant spray
Silver hydrogen peroxide, a broad spectrum disinfectant is based on the unique formulation of hydrogen peroxide and silver ions in presence of catalysts .The silver used in this may be either in the form of nano particles or silver nitrate. For many years Hydrogen peroxide alone has been used extensively as a potential chemical disinfectant in various field of applications. But hydrogen peroxide is a highly reactive compound, owing to
Global Salt Spray Testing Chamber
Report Hive Market Research Released a New Research Report of 163 pages on Title "Global Salt Spray Testing Chamber" with detailed Analysis, Forecast and Strategies. The salt splash (or salt haze) test is an institutionalized and famous consumption test technique, used to check erosion resistance of materials and surface coatings. As a rule, the materials to be tried are metallic (albeit stone, earthenware production, and polymers may likewise be tried)