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Thermal Spray Coating Market worth $16.41 billion by 2030, growing at a CAGR of 7.14% - Exclusive Report by 360iResearch
Thermal Spray Coating Market | 360iResearch
The Global Thermal Spray Coating Market to grow from USD 10.12 billion in 2023 to USD 16.41 billion by 2030, at a CAGR of 7.14%.
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Thermal spray coating is a process of spraying coating materials by using the pressure of a high-heat gas where the materials bond to the surface, forming a coating that offers properties such as corrosion protection, environmental protection, thermal resistance, wear resistance, and thermal conductivity. Thermal spray coatings restore the dimensions of industrial components that have been worn or corroded. The demand for thermal spray coatings is increasing in the aerospace & defense sector to apply coatings to various automotive and aircraft components to resist cavitation, abrasion, or heat. These coatings are used for large parts that require high coating thickness values and have a higher deposition rate than the chromium plating technique. However, fluctuating costs of raw materials used to produce thermal spray coatings may result in elevated costs of the finished thermal spray coatings. In addition, the ongoing research to discover novel thermal spraying coating materials and advancements in thermal coating technology is expected to encourage the use of thermal spray coatings across the end-use sectors worldwide.
The thermal spray coating market in the Americas has experienced significant growth, driven by technological advancements, increased awareness about thermal spray coating material properties, and expanding applications across the automotive, medical, and electronics industries. Stringent government regulations for reducing emissions and environmental impact have urged the end-use sectors to adopt new technologies, such as thermal spray coatings in the Americas. Rapid industrialization and large-scale production of automobiles and electronic devices are expanding the need for advanced surface protection solutions such as thermal spray coatings in the APAC region. The EMEA region represents a highly growing thermal spray coatings market due to the rising use in the automotive, oil & gas, and power generation sectors. Emphasis on improving coating material properties and efficiency along with the rapid expansion of end-use sectors is anticipated to facilitate the use of thermal spray coatings by industrial verticals across the globe.
Market Segmentation & Coverage:
This research report categorizes the Thermal Spray Coating Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Alloys, Carbides, Ceramics, Composites, and Metals. The Alloys is further studied across Babbitt, Carbon Steels, Inconel, and Stainless Steel. The Carbides is further studied across Chrome Carbide and Tungsten Carbide. The Metals is further studied across Aluminum, Copper, and Nickel. The Ceramics is projected to witness significant market share during forecast period.
Based on Process, market is studied across Cold Spraying, Combustion Flame Spraying, High Velocity Oxy-Fuel Spraying (HVOF), Plasma Spraying, and Two-Wire Electric Arc Spraying. The Combustion Flame Spraying is projected to witness significant market share during forecast period.
Based on Application, market is studied across Aerospace, Agricultural Machinery, Automotive, Electronics, Energy & Power, and Healthcare. The Automotive is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Thermal Spray Coating Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Thermal Spray Coating Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Thermal Spray Coating Market, highlighting leading vendors and their innovative profiles. These include A&A Thermal Spray Coatings, Accuwright Industries, AFT Fluorotec Limited, Alloy Thermal Spray Pvt. Ltd., AMETEK Inc., ARC SPRAY (PTY) Ltd., BryCoat Inc., CTS, Inc., Curtiss-Wright Corporation, Eurocoating srl, Fisher Barton, Flame Spray Inc., Guangzhou Sanxin Metal Technology Co. Ltd., Hannecard Roller Coatings, Inc. by ASB Industries, Hayden Corporation, Kymera International, Linde plc, Metallisation Ltd., OC Oerlikon Corporation AG, Praxair S.T. Technology, Inc., Quaker Chemical Corporation, Saint-Gobain S.A., SMS group GmbH, and Zhengzhou Lijia Thermal Spray Machinery Co. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Thermal Spray Coating Market, by Material
7. Thermal Spray Coating Market, by Process
8. Thermal Spray Coating Market, by Application
9. Americas Thermal Spray Coating Market
10. Asia-Pacific Thermal Spray Coating Market
11. Europe, Middle East & Africa Thermal Spray Coating Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Thermal Spray Coating Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Thermal Spray Coating Market?
3. What is the competitive strategic window for opportunities in the Thermal Spray Coating Market?
4. What are the technology trends and regulatory frameworks in the Thermal Spray Coating Market?
5. What is the market share of the leading vendors in the Thermal Spray Coating Market?
6. What modes and strategic moves are considered suitable for entering the Thermal Spray Coating Market?
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