Global Thermal Spray Coating Market Forecast 2026 Top Players Analysis Includes: 3M, A&A Thermal Spray Coatings, Inc., APS Materials, Inc., CoorsTek, Inc.

The global thermal spray coating market was valued at $7.4 billion in 2018 and is projected to reach $13.5 billion by 2026, growing at a CAGR of 7.8% from 2019 to 2026. Thermal spray coating is a coating process which utilize powder coating material to coat a surface. The powder coating material is melted into droplets and sprayed onto a surface at a high velocity. The thermal spray coating is applied to metal substrates and the process is known by a different name that includes spray welding, plasma spray, HVOF, and flame spray. Thermal spray coating technology is used on a vast range of components of rotating and moving parts of machines such as automobile engines, aerospace turbine, and machine tools, which operate in adverse environments where, erosion, wear, corrosion, or heat leads to decrease in component life.

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The growing automotive, aerospace, and heavy machinery industries and military & civil airliner has led to increase in usage of thermal spray coating technology. Thermal spray coating is used to coat piston and synchronizer rings in automotive applications. Similarly, thermal spray coating is also used in aerospace application to coat engine turbine blades and protect it from extreme temperatures, as well as ensure increased reliability for ex- tended periods of time. These coatings are replacing hard chromium plating as the preferred coating method to offer improved performance. This factor is anticipated to drive the growth of the thermal spray coating market.

The global thermal spray coating market is segmented based on material, process, end-use industry and region. Based on material, the global market is segmented into ceramics, metal & alloys and other materials. Based on process, the global thermal spray coating market is bifurcated into flame spraying, arc spraying, plasma spraying, HVOF and others. On the basis of end-use industry, the market is divided into automotive, aerospace, industrial and others. Based on region, the market is analyzed across North America, Asia-Pacific, Europe and LAMEA.

The major key players operating in the thermal spray coating market include 3M, A&A Thermal Spray Coatings, Inc., APS Materials, Inc., CoorsTek, Inc., Dupont De Nemours, Inc., Integrated Global Services, Inc., KCC Corporation (KCC), Linde Plc and Morgan Advanced Materials plc. Other players operating in this market include Fosbel, Keronite Group, Oerlikon Metco, and Swain Tech Coatings. These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.

KEY BENEFITS FOR STAKEHOLDERS
o Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
o It outlines the current Thermal Spray Coating market trends and future scenario of the Thermal Spray Coating market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
o Major countries in the region have been mapped according to their individual revenue contribution in the Thermal Spray Coating market analysis at the regional and country-level market.
o The key drivers, restraints, and Thermal Spray Coating market opportunities and their detailed impact analyses are elucidated in the study.
o The profiles of key players along with their key strategic developments are enlisted in the report.

KEY MARKET SEGMENTS
By Material
o Ceramics
o Metal & Alloys
o Others

By Process
o Flame Spraying
o Arc Spraying
o Plasma Spraying
o HVOF
o Others

By End use Industry
o Automotive
o Aerospace
o Industrial
o Others

Key Players
o 3M
o A&A Thermal Spray Coatings, Inc.
o APS Materials, Inc.
o CoorsTek, Inc.
o Dupont De Nemours, Inc.
o Integrated Global Services, Inc.
o KCC Corporation (KCC)
o Linde Plc
o Morgan Advanced Materials plc
o Saint-Gobain

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