Press release
Thermal Spray Materials Market to Reach $2,869.2 Million in Coming Years
A P&S Intelligence study has estimated the thermal spray materials market to advance at a 7.4% CAGR amassing $2,869.2 million in the coming years.
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One of the novel spray methodologies, cold gas dynamic spraying, also known as kinetic spraying, is trending in the market. The method is based on bombarding solid particles at high velocities on the surface of materials to form coatings. Inert gases are used and metal powder particles are accelerated at a supersonic speed, which are then impacted at the material surface. The process is being preferred by users as it exhibits a deposition efficiency of 90 % and is highly compatible with metals and alloys of copper, titanium, aluminum, and nanocrystalline materials.
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Further, it offers easy recyclability of the sprayed raw material and doesn't require fuel combustion. The adoption of cold spray process is becoming popular with technological advancements in the spray technology, such as feedstock optimization, the introduction of process compatible raw materials, and non-destructive testing.
Thermal Spray Materials Market Competitive Landscape
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.
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
Metal-based
Pure metal and alloy
MCrAlY alloy
Precious metal
Ceramic-based
Ceramic oxide
Alumina
Chromia
Titania
Zirconia
Others
Cermets
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
By type
By end-use industry
By country - U.S. and Canada
Europe Thermal Spray Materials Market
By type
By end-use industry
By country - Germany, France, U.K., Italy, and Rest of Europe
Asia-Pacific (APAC) Thermal Spray Materials Market
By type
By end-use industry
By country - China, Japan, India, South Korea, and Rest of APAC
Latin America (LATAM) Thermal Spray Materials Market
By type
By end-use industry
By country - Brazil, Mexico, Argentina, and Rest of LATAM
Middle East and Africa (MEA) Thermal Spray Materials Market
By type
By end-use industry
By country - Saudi Arabia, South Africa, and Rest of MEA
Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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