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North America Thermal spray coating market to experience strong demand across aerospace and healthcare sectors

Thermal Spray Coating Market

Thermal Spray Coating Market

Regionally, North America will emerge as a profitable revenue pocket for thermal spray coating market share in the coming years. High purchasing power among people in the region is supporting expansion in various sectors such as automobiles, aerospace, healthcare and construction. In 2016, North America thermal spray coating market size with respect to revenues was valued at over USD 2.3 billion due to the need to achieve cost optimization in power, aerospace and defense applications.

Rise in cross border tensions and political unrest is fueling the demand for maintained, reliable and safe military aircraft along with meeting all the required regulatory procedures, adding impetus to thermal spray coating market. Mounting demand for strong metal finishing in superior structures such as offshore oil platforms and bridges is an integral factor complementing the industry forecast.

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Metals are increasingly used in healthcare and automobiles to render anti-corrosion and thermal protection on the finishing surfaces. Metal finishing in automobiles increases the surface thickness, product durability and enhances strength. Additionally, it also provides torque tolerance, electrical resistance and wear resistance. Metals segment is expected to witness a growth of more than 9.5% I thermal spray coating market through 2024.

Ceramic coating offers several advantages such as reduced heat on high-temperature components, lowered fiction, increasing the lifetime of parts and enhancing the appearance of the surface. In 2016, the thermal spray coating market share from ceramic material segment was valued at more than USD 3 billion. Such coatings when applied to surgical instruments, helps in the absorption of incident laser light, preventing reflection which could otherwise damage healthy tissues.

They are used in automotive parts like valves, cylinders and diesel engine pistons. In aerospace applications, the material provides resistance from heat and is used in flame tubes and turbine blades. Constant technological developments in the field such as the introduction of the HVOF process as a significant substitute to the conventional hard-core plating. Cost-effectiveness, low environmental impact and superior performance of machinery are some of the pivotal factors magnifying thermal spray coating market size.

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Some of the global thermal spray coating market include H.C. Starck, A & A Coatings, Praxair Surface technologies, Oerlikon Metco, and Bodycote, and the industry is reasonably consolidated with top three firms contributing to over 30% of the yearly revenues. These major suppliers are focused on collaborations, joint ventures, and long-term agreements with various other competitors to sustain competition.

Lower reach in deep and small cavities resulting in raised porosity on the surfaces, due to line-sight-coatings and lower degree of adhesion in small substrates, may obstruct the thermal spray coating market forecast over the coming years. Furthermore, the ongoing COVID-19 industrial impact has impacted the supply and use of the coatings.

Browse More News:

https://www.globenewswire.com/news-release/2019/08/29/1908213/0/en/Spray-Adhesives-Market-to-cross-USD-90-Bn-by-2025-Global-Market-Insights-Inc.html

https://www.businesswire.com/news/home/20190625005422/en/Decabromodiphenyl-Ether-Market-worth-USD-430-Million

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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