Thermal Spray Coatings Market Size, Share, Development by 2026 | Praxair Surface Technologies, Inc, BodyCote, etc.

The global Thermal Spray Coatings Market is forecast to reach USD 16.04 Billion by 2026, according to a new report by Reports and Data. In the thermal spray coatings technique, one heat source is used to melt the coating material in powder, rod, or wire into tiny droplets and throws it onto the substrate at a very high speed. Thermally sprayed coatings enhance and improve the performance characteristics of the substrates by imparting resistance against wear, cavitation, abrasion, corrosion, erosion, and heat. It is also compatible with different substrates such as plastics as well as metals.

Market Size – USD 9.76 Billion in 2018, Market Growth - CAGR of 6.3%, Market Trends – Adoption of new measures to conserve energy & harness renewable energy sources.

The market for thermal spray coatings is influenced by the growing aerospace industry and the usage of thermal spray coatings mainly for the components, such as jet engine components, turbine blades, and landing gears, among others. The increasing usage of components, such as engine parts, cylinders, transmission components, and suspension systems in the automotive industry are collectively creating opportunities for the market to grow while stringent regulations from the government side are posing limitations in the market.

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Market Dynamics:

The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Thermal Spray Coatings market is projected to register robust revenue CAGR during the forecast period between 2020 and 2026. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.

Top Companies Profiled in the Report:

Praxair Surface Technologies, Inc, BodyCote, Oerlikon Metco, Surface Technology, H.C. Starck GmbH, F.W. Gartner, Thermal Spraying, Metallisation Limited, Plasma-Tec, Inc, and C & M Technologies GmbH, among others.

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Materials Outlook (Volume; Kilo Tons; Revenue, USD Billion; 2016-2026)

Ceramics
Metals
Alloys

Process Outlook (Volume; Kilo Tons; Revenue, USD Billion; 2016-2026)

Combustion
Flame
Electrical

Applications Outlook (Volume; Kilo Tons; Revenue, USD Billion; 2016-2026)

Aerospace
Healthcare
Automotive
Energy & Power
Electronics

Regional Analysis covers:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Key Points Illustrated in the Regional Analysis:

Regional contribution to the overall market revenue
Forecast revenue share of each regional market
Vital information and data related to the production and consumption rates in all the regions
Factors driving the regional market growth over the forecast period
Leading products and application segments in each regional market
Presence of key market competitors in each of these regions

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