Press release
Thermal Spray Coatings Market Report 2020, Competitive Landscape, Trends and Opportunities- Praxair Surface Technologies, Air Products & Chemicals, Oerlikon Group, A&A Company, ASB Industries
The report presents an in-depth assessment of the Global Thermal Spray Coatings including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Thermal Spray Coatings investments from 2020 till 2023.The market for thermal spray coatings is expected to register a significant growth during the forecast period, 2018 to 2023. This significant growth in the market is primarily driven by rising popularity of thermal spray ceramics coatings globally.
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Top Leading Manufactures-
Praxair Surface Technologies, Air Products & Chemicals, Oerlikon Group, A&A Company, ASB Industries
Industry Analysis:
Increasing Popularity of Ceramics Coatings Driving the Market
Thermal spray ceramic coating technologies are used to offer various types of protection in the form of coatings to a wide range of industrial components. Owing to their ability to reduce or prevent wear and tear of components caused by erosion, abrasion, corrosion, manage thermal or electrical conductivity and other key properties, they are being increasingly used in numerous industrial and commercial sectors, such as automotive, aerospace, construction, and oil and gas. Additionally, thermal spray ceramic coatings are primarily applied using the plasma-spraying process, owing to their generally high melting temperatures and low thermal conductivity. This makes them suitable for usage for specialized applications that require the materials to withstand forces at high temperatures. Also increasing demand for gas turbines in the oil & gas industry for offshore exploration are driving the market for industrial gas turbines in turn providing a positive outlook for the thermal spray coatings market.
Aerospace to be the Largest Application
In the aerospace sector, thermal spray coatings are extensively used as protective coatings to protect aircraft components and repair the old ones. They are used in the protection of engine turbine blades, actuation systems to provide high thermal resistance and longevity. Thermal spray coatings such as zirconium oxide, aluminum bronze, cobalt-molybdenum are used for coating purposes in rocket combustion chambers, compressor air seals and high pressure nozzles, respectively. Asia-Pacific and Middle East & Africa regions are expected to witness rapid expansion in the aviation sector owing to rising consumer incomes and investments in transportation infrastructure in near future.
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North America to Dominate the Market
North America represented the largest regional market for global thermal spray coatings market in 2017. The U.S. is expected to remain the major market for thermal spray coatings in the region owing to the increasing demand for improved performance at competitive costs and meeting all the regulations and industry standards. In the region, major application for thermal spray coatings include aerospace. In the year 2017, the aerospace industry contributed around USD 143 billion in export sales to U.S. economy.
Competitive Landscape
- February 2019 - IBM announced a new portfolio of Internet of Things (IoT) solutions, which team artificial intelligence (AI) and advanced analytics designed to help asset intensive organizations, like the Metropolitan Atlanta Rapid Transit Authority (MARTA), to improve maintenance strategies.
- February 2019 - IBM developed a new technology to predict and monitor when and where trees and vegetation threaten the power lines, which may help improve power supply operations and reduce outages.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The 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.
–Analytical Tools: Global Thermal Spray Coatings Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Media Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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