Thermal Spray Materials Market Analysis, Status and Business Outlook 2020 to 2025

The Global Thermal Spray Materials Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The thermal spray materials market is expected to register a CAGR of over 7% during the forecast period.

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Key Market Players:

Hoganas AB, Linde plc, OC Oerlikon Management AG, CASTOLIN EUTECTIC, and H.C. Starck and Other

Industry News

August 20, 2019: Höganäs launches new Rockit® surface welding powders to combat impact and abrasive wear Rockit 606 and Rockit 706 prolong component lifetime in tough wear environments, such as in the oil & gas and mining & construction industries.“These materials show excellent performance in challenging applications and overcome problems of existing industry practices,” says Hans Keller, President of Product Area Surface & Joining Technologies at Höganäs.

Key Market Trends

Aerospace Industry to Dominate the Market

- Thermal spray materials are extensively used in aerospace sector. They are used in the manufacturing of coatings, which are applied in various parts throughout the aircraft. These coatings offer component longevity, thus, reducing the maintenance costs and increasing fuel efficiency.
- Usage of thermal spray coatings for aircraft gas turbines provide various advantages, such as better corrosion resistance, resistance from contaminants, improved thermal efficiency, reduced emissions of Nitrogen Oxide (NOX), and increased component life.
- Most of the super alloy materials used for manufacture of aircraft components and equipment possess good oxidation characteristics, but are not corrosion and erosion resistant. Aviation components are subjected to harsh environments, exceptionally high heats and pressures and abrasive chemicals. Thermal spray materials plays a huge role in protecting expensive engine components, by extending component life and improved performance.
- Thermal spray coatings, such as zirconium oxide, aluminum bronze, and cobalt-molybdenum are used for coating purposes in rocket combustion chambers, compressor air seals, and high pressure nozzles, respectively. In addition, coatings of chromium cobalt, aluminum oxide, and chromium carbide are employed in turbine air seals, fuel nozzles, and turbine vanes.
- In addition, the global defense budget is also increasing on a daily basis. Various research and developments are being carried out through manufacturers and high ranking personnel, such as Defense Minister and Generals for the development of upgraded technology and highly sophisticated equipment for engine components and airframes of the combat jets, satellite, and unmanned aerial vehicles (UAVs), that are being used by the army.
- All such factors are expected to drive the demand for thermal spray materials in the aerospace sector during the forecast period.

North America is Expected to Dominate the Market

- The North American region dominated the market share. The United States is the second-largest producer of automotive in the world.
- The US aerospace industry is also thriving, owing to the strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in the United States.
- The manufacturing industry of Canada is also expected to thrive during the forecast period, owing to the increasing business investment, government expenditure, and consumer spending.
- The aerospace industry of Canada is also witnessing strong growth. The country is the third-largest in terms of civil aircraft production, along with being second in business aircraft production and third in helicopter production, around the world.
- Owing to the rise of these end-user industries in the United States and Canada, North America is projected to dominate the market during the forecast period.

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The market factors explained in the report:

Market Overview: It includes Thermal Spray Materials Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Thermal Spray Materials Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Regional Study: All of the regions and countries analyzed in the Thermal Spray Materials Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Thermal Spray Materials Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Thermal Spray Materials Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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