Press release
Thermal Spray Coatings Market Expects A Valuation Of US$ 15 Billion By 2032
According to Fact.MR, a supplier of market research and competitive information, the global thermal spray coatings market increased at a CAGR of 6% in terms of value over the historical period of 2015-2021. Due to their enhanced anti-corrosive properties and high electrical resistance, thermal spray coatings are set to be the best replacement for conventional coating techniques.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.factmr.com/connectus/sample?flag=S&rep_id=4677?PJ
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐จ๐ ๐๐ก๐๐ซ๐ฆ๐๐ฅ ๐๐ฉ๐ซ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
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 demand for thermal spray coatings.
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.
Industrial gas turbine segment exhibits highest growth among various applications such as automotive, medical, steel, pulp, and paper.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ก๐๐ซ๐ฆ๐๐ฅ ๐๐ฉ๐ซ๐๐ฒ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ฌ๐ฌ๐๐ฌ๐ฌ๐ฆ๐๐ง๐ญ ๐จ๐ง ๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
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.
๐๐ก๐ ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐:
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.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4677?PJ
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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