Press release
Thermal Spray Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Thermal Spray
What Is the Expected Thermal Spray Market Size During the Forecast Period?
The thermal spray market has experienced strong growth in recent years. It will rise from $11.42 billion in 2024 to $12.22 billion in 2025, at a CAGR of 7.0%. The factors driving growth include advancements in aerospace engineering, automotive industry demands, innovations in medical implants, increased needs for power generation efficiency, rising corrosion resistance demands, improved material durability, and the rise of industrial automation.
The thermal spray market is projected to grow to $15.78 billion by 2029 at a CAGR of 6.6%. Growth will stem from advancements in materials, demand in aerospace and TH*Care sectors, regulatory pressures, and technological improvements. Trends include eco-friendly coating techniques, use of plasma spray, growth in emerging markets, and integration with automation and digital tech.
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What Are the High-Growth Segments in the Thermal Spray Market?
The thermal spray market covered in this report is segmented -
1) By Product Type: Coatings, Materials, Thermal Spray Equipment
2) By Technology: Cold Spray, Flame Spray, Plasma, Spray
3) By End-User Industry: Aerospace, Industrial Gas Turbines, Automotive, Electronics, Oil And Gas, Medical Devices, Energy And Power
Subsegments:
1) By Coatings: Ceramic Coatings, Metal Coatings, Composite Coatings, Carbide Coatings, Zinc And Aluminum Coatings (For Corrosion Protection), Thermal Barrier Coatings, Wear-Resistant Coatings, Anti-Friction Coatings
2) By Materials: Powder Materials (Metal, Ceramic, Alloy Powders), Wire Materials (Metal Wires For Spray Coating), Rod Materials (For Specific Thermal Spraying Techniques), Bonding Materials (Primers And Adhesives), Gas And Liquid Fuels (Used For Thermal Spray Processes)
3) By Thermal Spray Equipment: Spray Guns (Plasma Spray Guns, Hvof Guns), Plasma Spray Equipment, Flame Spray Equipment, High-Velocity Oxygen Fuel (Hvof) Equipment, Arc Spray Systems, Wire Feeders, Powder Feeders, Control And Monitoring Systems For Thermal Spraying
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What Key Drivers Are Expected to Influence Future Thermal Spray Market Growth?
The expansion of the energy and power industries is expected to drive the growth of the thermal spray market. The energy and power sectors, which generate and distribute energy resources, are growing due to rising global electricity demand and advancements in renewable energy technologies. Thermal spray coatings are used in turbines and equipment to enhance efficiency, prolong lifespan, and prevent corrosion. For example, in March 2024, the Office for National Statistics reported that the UK's electricity and gas industry saw a turnover of £22 billion in 2022, reflecting a 59.6% increase from 2021. The growing energy and power sectors are contributing to the thermal spray market's growth.
Which Companies Hold the Largest Share Across Different Thermal Spray Market Segments?
Major companies operating in the thermal spray market are Saint-Gobain Group, Linde plc, Sandvik AB, Aimtek Inc., OC Oerlikon Corporation AG, Curtiss-Wright Corporation, Kennametal Inc., Castolin Eutectic GmbH, Bodycote plc, Hoganas AB, Chromalloy Gas Turbine LLC, H.C. Starck Inc., FM Industries Inc., Fisher-Barton Group Inc., APS Materials Inc., Polymet Corporation, HAI Inc., Powder Alloy Corporation, ASB Industries Inc., Aisher APM LLC, Hunter Chemical LLC, Thermion Inc., C&M Technologies GmbH, Supersonic Spray Technologies, Metallizing Equipment Co. Pvt. Ltd
What Trends Are Driving Growth in The Thermal Spray Market?
Companies in the thermal spray market are investing in advanced solutions like supersonic spraying technology to enhance coating quality, increase productivity, and tackle emerging industry challenges. For example, Castolin Eutectic, a Germany-based company, launched the XupersoniClad service in June 2023, utilizing supersonic spraying technology. This service delivers high-quality coatings for new-generation high entropy alloy coatings and operates at lower temperatures and higher velocities compared to traditional processes, offering better efficiency.
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What Are the Emerging Geographies for The Thermal Spray Market Growth?
North America was the largest region in the thermal spray market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thermal spray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Thermal Spray Market?
2. What is the CAGR expected in the Thermal Spray Market?
3. What Are the Key Innovations Transforming the Thermal Spray Industry?
4. Which Region Is Leading the Thermal Spray Market?
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