Thermal Spray Coatings Market Comprehensive Analysis on Global Market Report by Company, by Dynamics, by Region and Forecast 2025 | Leading Players: Sulzer Ltd., Praxair, Inc., Oerlikon Group, Curtis-Wright Corporation, Bodycote plc, Thermal Spray Technol

Global Thermal Spray Coatings Market Projected to Grow due to Increasing Applications in Automotive, Shipping, and Industrial Machinery

Either as part of the original manufacturing process, reclamation, or re-engineering technique utilizes components, which benefit from thermal spraying. Some materials are sprayed while others are used for small niche applications. Different applications use a combination of process and material to obtain the desired benefits.

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Thermal Spray Coatings have a wide range of applications in rotating and moving parts from machines of all kinds, including: Road and rail vehicles, ships, aircraft, pumps, valves, printing presses, paper making machines, electric motors, chemical plant, mining and quarrying machinery, food machinery, earthmovers, power generation, machine tools, aerospace turbine repair, landing gear and virtually any equipment which is subject to erosion, wear, or corrosion. This is done using flame spray, arc spray, or HVOF systems for spraying nickel alloys, steels, carbides, bronzes, stainless alloys, copper and many other materials.
Key Takeaways of the Thermal Spray Coatings Market Study

1. The Ceramics Oxides segment held a maximum share of the market and is expected to maintain its dominance throughout the forecast period. Ceramics are used in almost all types of thermal spray coatings.

2. Considering the end user segment, the aerospace application segment accounted for a major share of the market. The properties of thermal spray coatings, such as low toxic gas emissions, wear and corrosion protection, and thickness capability are anticipated to spur segment growth. The rapid expansion of the aerospace sector, particularly civil aviation in India and China, on account of increasing disposable income levels, is expected to have a positive impact on segment growth over the forecast period.

3. North America accounted for a large share of global revenue. The growing aerospace market in the U.S. is expected to fuel the regional demand for thermal spray coatings. The presence of industry giants like Boeing and Airbus is also expected to augment the growth.

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Notable Development Trends to Open up New Horizons of Growth for Thermal Spray Coatings Market

The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. In December 2019, Bodycote acquired Ellison Surface Technologies. Ellison’s business is an excellent strategic fit for strong structural growth.
2. In June 2019, Oerlikon signed an agreement to acquire AMT AG in Kleindöttingen, Switzerland. The acquisition will increasing market applications and service accessibility to customers.
3. In February 2018, PG Technologies, Pte Ltd, a wholly owned subsidiary of Praxair Surface Technologies and GE Aviation, expanded its production to add additional coating capacity in Singapore to meet the aviation industry’s growing demand. The facility plans to double its capacity and add other aviation-related coating processes.

Major points covered in the report:
1. Macroeconomic factors affecting the Thermal Spray Coatings market and its potential
2. Thermal Spray Coatings Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Thermal Spray Coatings market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Thermal Spray Coatings market, including detailed profiles of the top players in this market

Some of the major players in the Thermal Spray Coatings market are Sulzer Ltd., Praxair, Inc., Oerlikon Group, Curtis-Wright Corporation, Bodycote plc, Thermal Spray Technologies Inc., ASB Industries, Inc., Metallisation Ltd.

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Market Segmentation:

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

By Process:
• Combustion
• Electric Energy

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

By Region:

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

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

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

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

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

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:
• Market size estimation of the thermal spray coatings market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• 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:
• By Segment
• By Sub-segment
• By Region/Country

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