Press release
Sales Of Thermal Spray Coatings to be Valued at US$ 7.9 Billion By 2032
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=S&rep_id=4677?PS
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ผ๐ณ ๐ง๐ต๐ฒ๐ฟ๐บ๐ฎ๐น ๐ฆ๐ฝ๐ฟ๐ฎ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
โข Applications in water plasma, gas plasma, electric arc, and flame position ceramics will pave way for high growth in the foreseeable future.
โข Plasma spray accounts for over the total market value with a healthy CAGR through 2029. Enhanced adaptability with a wide range of materials over small and large components is driving the demand for this technology.
โข Flame spray technology accounts for over ยผ of the total market revenue amid technology benefits such as lower dust and fume levels and increased portability.
โข Aerospace applications maintain a stronghold in the total demand for thermal spray coatings with more than 33% share. Increasing investments in upgrading airforce and defense fleets around the world are set to act as a central factor for the growth of this segment.
โข Industrial gas turbines hold the second largest market share with over ยผ of the total market value with an impressive 6% CAGR during the projection period.
โข North America accounts for a majority share of more than 30% of the total market revenues. This can be attributed to the demand for high-performance coatings for enhanced product performance.
โข South Asia & Oceania offer financially rewarding growth opportunities on the back of a stupendous 9.6% CAGR through 2029. Investments in developing advanced aerospace & defense capacities will trickle down to an upsurge in
Industrial Gas Turbines to Grow 4.2X through Forecast Period. Uptake in aerospace projects in developing regions is driving demand for thermal spray coatings from the application segment. Aerospace is poised to hold a majority share of over of the total market value. The segment exhibits a healthy growth trajectory through 2029. Industrial gas turbines account for the second largest market share with ยผ of the total market value.
Manufacturing trends such as higher firing temperatures and increased levels of oxidation and corrosion resistance in hard environments are favorable developments for thermal spray coatings. The industrial gas turbine segment exhibits the highest growth among various applications such as automotive, medical, steel, pulp, and paper.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4677?PS
๐๐น๐ผ๐ฏ๐ฎ๐น ๐ง๐ต๐ฒ๐ฟ๐บ๐ฎ๐น ๐ฆ๐ฝ๐ฟ๐ฎ๐ ๐๐ผ๐ฎ๐๐ถ๐ป๐ด๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐ป-๐๐ฒ๐ฝ๐๐ต ๐๐๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ผ๐ป ๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐
The global thermal spray coatings market is segmented on the basis of product, technology, application, and region.
Product
โข Ceramics
โข Intermetallic
โข Polymers
โข Carbides
โข Abradables
โข Others
Technology
โข Plasma spray
โข Flame spray
โข HVOF
โข Electric arc spray
โข Cold Spray
โข Others
Application
โข Aerospace
โข Industrial Gas Turbine
โข Automotive
โข Medical
โข Printing
โข Oil & gas
โข Steel
โข Pulp & Paper
โข Others
Region
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia & Oceania
โข Middle East & Africa
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for thermal spray coatings has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous thermal spray coatings manufacturers, experts, and suppliers.
๐ง๐ต๐ฒ ๐ฃ๐ฟ๐ผ๐บ๐ถ๐ป๐ฒ๐ป๐ ๐บ๐ฎ๐ป๐๐ณ๐ฎ๐ฐ๐๐๐ฟ๐ฒ๐ฟ๐ ๐ฐ๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ:
Praxair Surface Technologies, Inc., Hรถganรคs AB, H.C. Starck Inc., Castolin Eutectic, Wall Colmonoy Corporation, Powder Alloy Corporation, Saint-Gobain S.A., Carpenter Technology Corporation
South Asia & Oceania to Remain Key Revenue Pockets
North America and Europe collectively account for a lion's share of more than 61% of the total market value. The US, Canada, and the UK are catapulting the demand for advanced coating of equipment used in aerospace, industrial gas turbines, and oil & gas applications. South Asia & Oceania offers high-growth opportunities on the back of stupendous 9.5% CAGR during the forecast period.
Countries in the region such as Indonesia are investing in development of modern aircrafts and aerospace inventories which employ thermal spray coating.Increasing penetration of thermal spray coatings in medical, steel, pulp, and paper also stimulates the demand for the product in developing countries.
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/checkout/4677
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