Thermal Spray Coating Market Size To Reach US$ 13.4 Billion By 2028 | With a 7.3% CAGR

IMARC Group, a leading market research company, has released a report titled "Thermal Spray Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The global thermal spray coating market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.

Thermal spray coating is an industrial process to apply coating on materials for enhancing the thermal barrier properties of the surface. The process involves the use of a source of heat and powder coating substances that are melted and sprayed on the material surface at high velocity. This process is widely utilized in the production of moving and rotating parts of machines, such as ships, pumps, electric motors, aerospace turbine systems and quarrying machinery, as it aids in improving the friction while extending the life span of the machine.

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Thermal Spray Coating Market Trends and Drivers:

The global market is primarily driven by a substantial increase in the adoption of heavy machines by various industries. Moreover, the rising usage of thermal spray coating in aerospace and automotive industries to coat engine turbine blades, piston, and synchronizer rings in order to provide a protective layer from extreme temperature changes is creating a positive outlook for the market. Along with this, it is also used as a preferred alternative to electroplating and ion implantation as the process is relatively less toxic and provides excellent corrosion resistance. Some of the other factors contributing to the market growth include rapid industrialization, especially in the emerging economies, and extensive research and development (R&D) activities conducted by key players.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

Metals
Ceramics
Intermetallics
Polymers
Carbides
Abradables
Others

Breakup by Technology:

Cold
Flame
Plasma
High-Velocity Oxy-Fuel (HVOF)
Electric Arc
Others

Breakup by Application:

Aerospace
Industrial Gas Turbine
Automotive
Medical
Printing
Oil and Gas
Steel
Pulp and Paper
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Air Products and Chemicals Inc.
American Roller Company LLC
Durum Verschleissschutz GmbH
Lincotek Rubbiano S.p.A
Metallizing Equipment Co. Pvt. Ltd.
Montreal Carbide Co. Ltd.
Powder Alloy Corporation
Praxair Surface Technologies Inc. (Linde plc)
Progressive Surface Inc.
Wall Colmonoy Corporation.

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This release was published on openPR.