Trending 2020: Thermal Spray Coatings Market Report Examines Analysis by Latest Trends, Growth Factors, Key Players and Forecast to 2028

Thermal Spray Coatings Market is estimated to reach USD XX billion by 2028

According to the latest report by Quince Market Insights, growing demand in the healthcare sector is projected to drive the growth of Global Thermal Spray Coatings Market over the forecast period. This has resulted some of the key developments by manufacturers operating in the market to consolidate their market positions and look for further niche market.

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What are Thermal spray coatings and what are their applications?

Thermal spray coatings involve a heat source that fuses the coating material into small droplets in powder, wire or rod form and sprays it onto the substrate at high speed. Thermally coated coatings are used to impart wear, oxidation, cavitation, corrosion, abrasion or heat resistance to enhance and improve the performance characteristics of substrates. It is compatible with different substrates as well as plastics, like metals. different kinds of coating materials are used for thermal spray coatings, such as ceramics, metals & alloys, carbides, polymers and cermet. Thermal spray coating offers various advantages over several surface treatment methods such as nickel and chrome plating, nitride or heat treatment procedures, anodizing and welding overlays, such as thick coatings, high deposition rate and low toxic gas emissions.

Environmental concerns related to the existence of hexavalent chromium associated with hard chromium plating process forced many companies to look for alternative options, which in turn led to the introduction of high-volume oxyfuel (HVOF) processes for aircraft and turbines. Increasing demand for superior surface characteristics to prolong the service life of the equipment is expected to be the main driving force in challenging thermal spray coatings.

Strategic Factors Impacting Market Growth:
o Growing demand in the healthcare industry
o Reduced maintenance costs for thermally treated sections
o Thermal spray Replacing galvanizing processes
o Strict government regulations regarding Thermal Spray Coating
o Lack of technical knowledge
o Aerospace sector boom

Regional segmentation and analysis to understand growth patterns On the basis of the region, the global thermal spray coatings market has been segmented by North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, & Rest of the World. There are also typical manufacturers of chemicals such as specialty chemicals, bulk chemicals, and so on in North America and Western Europe. major North American and Western European firms are headquartered in this region. This area has witnessed the number of transformations from end-use industries regarding the production of chemicals and their respective applications. In designing the green alternatives in these areas, preference for bio-based feedstock has been instrumental. In addition, regulatory bodies have placed strict guidelines on environmental concerns and potential health risks related to exposures. This has been more influential in the dynamic Western Europe region. Some of the major countries in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on. The Asia Pacific and the Middle East are projected to register substantial growth in the global thermal spray coatings market over the forecast period. This demand is for the growth of major end-use industries, such as aerospace, industrial gas turbines, oil and gas, automotive, electronics, medical devices, electricity, and power, among others.

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Major economies in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East cover UAE, Saudi Arabia, Iran, Israel, Egypt,etc. Eastern Europe has been strongly dominated by Russia and Turkey with operations of major chemical companies in the region. Rest the World that includes South America and Africa has a strong potential for global thermal spray coatings market. There has been an rising number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major countries in these regions for global thermal spray coatings market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Major companies playing a crucial role in the growth of this market are: ASB Industries, Inc., Sulzer Ltd., Praxair, Inc., Oerlikon Group, Metallisation Ltd, Curtis-Wright Corporation, Bodycote plc, Thermal Spray Technologies Inc. and others.

Important Developments:

o In February 2018, PG Technologies, Pte Ltd., a wholly owned subsidiary of Praxair Surface Technologies, Inc. and GE Aviation, expanded its capacity to meet the growing demand from the aviation industry for thermal spray coatings in Singapore.
o May 2016, OerlikonMetco launched UniCoatPro, a new platform for the thermal spray system. It is a touchscreen that helps users understand, maintain consistency of coating and improve quality control for thermal spray applications.

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Market Segmentation:

By Powder Coating Material:
o Ceramic Oxides
o Carbides
o Metals
o Polymers and Other Powder Coating Materials

By Process:
o Combustion
o Electric Energy

By End-user Industry:
o Aerospace
o Industrial Gas Turbines
o Automotive
o Electronics
o Oil and Gas
o Medical Devices
o Energy and Power
o Other End-user Industries

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Powder Coating Material
o By Process
o By End-use Industry

o Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Powder Coating Material
o By Process
o By End-use Industry

o Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Powder Coating Material
o By Process
o By End-use Industry

o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Powder Coating Material
o By Process
o By End-use Industry

o Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Powder Coating Material
o By Process
o By End-use Industry

o Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Powder Coating Material
o By Process
o By End-use Industry

Reasons To Buy This Report:

o Market size estimation of the thermal spray coatings market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.