Press release
What's driving the Thermal Spray Coating Market Growth? | By key players Bodycote PLC, Saint-Gobain, Sandvik AB, Cincinnati Thermal Spray Inc., Thermion Inc., Air Products and Chemicals, Inc
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Frontrunners in the Thermal Spray Coating Market:
1. A&A Thermal Spray Coatings
2. Flame Spray Coating Co.
3. General Magnaplate Corporation
4. Praxair Surface Technologies
5. Oerlikon Metco
6. Plasma-Tec
7. Surface Technology
8. H.C. Starck GmbH
9. ASB Industries
10. Metallisation Ltd.
11. MesoCoat, Inc. Coating
12. Cincinnati Thermal Spray Inc.
13. Thermion Inc.
14. Air Products and Chemicals, Inc.
15. Bodycote PLC
16. Saint-Gobain
17. Sandvik AB
It is rather overt that myriad thermal spray coating market giants have been investing considerably in facility expansions in order to capture more business space. For instance, a joint venture of a leading player in thermal spray coating market, Praxair Surface Technologies and GE Aviation, PG Technology has recently decided to expand its coating facility plant based in Singapore considering the growing requirement of the product across the enormously intensifying aerospace sector. At this new facility plant, the company plans to double the electron beam physical vapor deposition coating capacity and install other important aviation-related coating processes. The facility is likely to become operational by 2019. PG Technologies' move has been projected to increase the competitiveness across Singapore thermal spray coating market.
Indeed, this investment in the capacity expansion will also help other Singapore based small scale companies to enhance their capabilities.
Jet engine manufacturers and companies in aviation sectors are looking forward to implementing next-generation coating technologies in order to enhance the capability of jet engines to withstand high stress and temperatures, which would propel thermal spray coating market outlook. Moreover, the versatility of thermal spraying technology, owing to which it can be used for any type of material including plastic, metal, and ceramic, is one the major benefits that can be credited for its rising preference. In order to maintain the cost-effectiveness and quality of coatings, leading aerospace companies have been signing long-term partnership agreements with pivotal participants in thermal spray coating industry. For instance, a year before, Praxair Surface Technologies, one of the notable thermal spray coating market firms, signed a 10-year contract with the well-known aero engine manufacturer, Rolls Royce. Praxair Surface Technologies' humongous expertise in coating operations will help Rolls Royce improve its engine efficiency and lifecycle. Thus, pertaining to the surging requirement of spray coatings in the aviation sector, in 2016, aerospace and defense held a revenue of USD 2.5 billion in thermal spray coating industry share.
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With the increasing adoption rate of thermal spray coating technologies, several contributors in thermal spray coating market are focusing on the development of innovative and advanced coating technologies incorporated with the benefits of less energy consumption, lesser downtime, improved productivity, high quality products, extended shelf life of products, and lower operating costs. Indeed, in the ensuing years, the growing demand for next-generation engines and high-quality components is slated to generate lucrative opportunities for giants in thermal spray coating industry, that would eventually impact the revenue generation of this business space.
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