Press release
Thermal Spray Coatings Market to Record 5.2% CAGR Expansion by 2032
Thermal Spray Coatings Market
Global Thermal Spray Coatings Market size was valued at USD 11.3 billion in 2023 and is poised to grow from USD 11.89 billion in 2024 to USD 17.83 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
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The strict regulations implemented by regulatory bodies like the U.S. Environmental Protection Agency (EPA), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), and Occupational Safety and Health Administration (OSHA) have compelled coating manufacturers to adopt sustainable solutions. This shift away from hard chrome plating, which generates a carcinogenic byproduct, has resulted in an increased adoption of thermal spray coatings across various industries. In terms of regional market revenue, the United States holds the largest share in North America attributed to the substantial demand for industrial gas turbines from power generation plants. The U.S. government's policy transition towards replacing coal with natural gas for electricity generation is expected to drive the demand for gas turbines. Additionally, the growing elderly population and advancements in healthcare services in the U.S. are anticipated to contribute to the expansion of the orthopaedic implant market, particularly for kneecap replacement surgery.
Market Segmentation:
Process
Combustion flame, Electrical
Material
Metals, Ceramics, Intermetallics, Polymers, Carbides, Abradables, Others
Technology
Cold Spray, Flame Spray, Plasma Spray, HVOF, Electric Arc Spray, Others
End-Use Industry
Aerospace, Automotive, Healthcare, Energy & Power, Agriculture, Electronics, Others
Thermal Spray Coatings Market Key Players:
Oerlikon Metco (Switzerland)
Bodycote plc (United Kingdom)
Praxair Surface Technologies, Inc. (United States)
H.C. Starck GmbH (Germany)
Saint-Gobain S.A. (France)
Sulzer Metco (Switzerland)
Lincotek Surface Solutions (Italy)
Progressive Surface (United States)
American Roller Company (United States)
Flame Spray Coating Company (United States)
Cincinnati Thermal Spray, Inc. (United States)
BryCoat Inc. (United States)
A&A Coatings (United States)
Plasma-Tec, Inc. (United States)
ASB Industries (United States)
Exline, Inc. (United States)
General Magnaplate Corporation (United States)
Höganäs AB (Sweden)
PPG Industries, Inc. (United States)
Essential regions of the Thermal Spray Coatings market are:
• Thermal Spray Coatings North America Market includes (Canada, Mexico, USA)
• Thermal Spray Coatings Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Thermal Spray Coatings Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Thermal Spray Coatings South America Market includes (Brazil, Argentina)
Recent Developments:
Applied Materials, Inc. and IIT Ropar joined forces in June 2023 to carry out research and development for the thermal spray coating sector to serve the semiconductor industry.
With the introduction of Metco IIoT, the first-ever Industry 4.0 platform for the thermal spray industry, and the integration of digitalization, OC Oerlikon Management AG announced substantial breakthroughs in thermal spray equipment in June 2023.
Thermal Spray Solutions, Inc. (TSS), a top supplier of thermal spray coatings for wear and corrosion protection to the US Navy and shipbuilding industry, was acquired by Kymera International in May 2023. This will strengthen the company's plan to grow the special coatings business area.
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Thermal Spray Coatings industry.
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https://www.skyquestt.com/report/heat-pump-market
Objectives of the Study:
• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Thermal Spray Coatings Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Thermal Spray Coatings Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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