Thermal Spray Market 2020 by Industry Analysis, Business Opportunities, Top Manufacture, Industry Share Report, Status, Regional Outlook and Global Forecast to 2026 | Bay State Surface Technologies Inc. (Aimtek), C&M Technologies GmbH, Castolin Eutectic,

The thermal spray market is expected to register a CAGR of more than 6% during the forecast period. One of the major drivers of the thermal spray market identified in the report is the rising demand from the aerospace and medical devices industries, increasing usage of thermal spray ceramic coatings, and replacement of hard chrome coatings by thermal spray coatings. However, with the development and emergence of hard trivalent chrome coatings in recent years, the overall demand for the thermal spray is expected to be hindered.

- The aerospace end-use industry dominated the market, and it is expected to grow at a significant rate during the forecast period, owing to the increasing investment in the global aerospace industry.
- Recently, several new methods have been developed to recycle thermal spray processing materials. This is likely to act as an opportunity for the market, in the future.
- North America dominated the thermal spray market across the world, owing to the high demand from the various end-user industries.

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The prominent players in the global Thermal Spray market are:  

Thermal Spray Material Companies, 5iTECH (AlSher APM LLC), Ametek Inc., Ardleigh Minerals Incorporated, Bay State Surface Technologies Inc. (Aimtek), C&M Technologies GmbH, Castolin Eutectic, Carpenter Powder Products (CRS Holdings Inc.), Fujimi Incorporated, Thermion, Global Tungsten & Powders Corp., HC Starck GmbH, HAI Inc., Hoganas AB, Hunter Chemical LLC, Kennametal Inc., LSN Diffusion Limited, Metallisation Limited, Metallizing Equipment Co. Pvt. Ltd, OC Oerlikon Management AG, Plasma Powders & Systems Inc., Polymet Corporation, Powder Alloy Corporation, The Fisher Barton Group (Lineage Alloys), Linde, Saint-Gobain SA, Sandvik AB, Centerline Holdings Inc. (Supersonic Spray Technologies)

Aerospace Industry to Dominate the Market

- 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 and actuation systems to provide high thermal resistance and longevity.
- Thermal sprays are largely employed for several purposes in jet engine components, such as crankshafts, piston rings, cylinders, valves, and so on. In addition to these, they are also applied in the coating of landing gear (bearings and axles inside the landing gear) to withstand the forces during landing and take-off.
- A variety of degradation problems exist in aircraft engines, due to metal to metal wear, hot corrosion, fretting, particle erosion, and many more. This degradation is accelerated when high-temperature is involved. Thermal spray coatings impart the required surface conditions that are required to increase the service life of the engine components.
- 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, respectively. High-velocity oxy-fuel (HVOF) spray and plasma spray processes are the majorly used processes in this sector.
- Such, the aforementioned factors are expected to support the consumption of thermal spray used in the aerospace industry during the forecast period.

North American Region 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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Thermal Spray Market Report Highlights
The report provides a detailed analysis on current and future market trends to identify the investment opportunities
Market forecasts till 2026, using estimated market values as the base numbers
Key market trends across the business segments, Regions and Countries
Key developments and strategies observed in the market
Market Dynamics such as Drivers, Restraints, Opportunities and other trends
In-depth company profiles of key players and upcoming prominent players
Growth prospects among the emerging nations through 2026
Market opportunities and recommendations for new investments
Reasons to Purchase this Report

-Identify the current and future prospects of the global Thermal Spray market in the developed and emerging markets

-Analyse various perspectives of the market with the help of Porter’s five forces analysis

-Information about the growth of the various material, type, and application that are expected to dominate the market

-Regional and country analysis of the market

-Identify the latest developments, market shares, and strategies employed by the major market players

-3 months analyst support, along with the Market Estimate sheet (in Excel)

In conclusion, Thermal Spray market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Thermal Spray Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.

The research includes historic data from 2015 to 2020, and forecast to 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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