Press release
Thermal Spray Market Size Forecast: $15.17 Billion by 2029 | Global Outlook
Thermal Spray
What Is the Projected Market Size Valuation of the Thermal Spray Market by 2025?
The expansion of the thermal spray market has been quite robust in the past few years. The market's size is projected to increase from $11.42 billion in 2024 to $12.06 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. The historical growth can be linked to the evolution in aerospace engineering sector, growing needs in the automotive industry, breakthroughs in medical implants, amplified demands for efficient power generation, requirements for corrosion resistance, improvements in material longevity, and the emergence of industrial automation.
What Is the Estimated Market Growth Value for the Thermal Spray Industry in 2029?
In the forthcoming years, the thermal spray market size is slated for substantial growth, ballooning to $15.17 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this projected growth within the forecast period encompass breakthroughs in material science, escalating demand for surface coating in the aerospace and automotive sectors, increased usage in healthcare for medical devices, expansion in the renewable energy industry, technological advancements, strict environmental protocols, and the growing use in the electronics sector. Trends anticipated within the forecast period include improved coating materials technology, increased application of plasma spray methods, growth in untapped markets, a heightened focus on eco-friendly procedures, and amplified integration with digital manufacturing and automation technologies.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/thermal-spray-global-market-report
What Are the Growth Drivers and Opportunities in the Thermal Spray Market?
The thermal spray market is poised for growth, driven by the expanding energy and power industries. These industries, which constitute entities engaged in the generation, transmission, distribution, and application of energy resources to cater to societal needs, are witnessing growth driven by increased global electricity needs, progressive renewable energy technology, and the push towards cleaner and sustainable energy sources. The use of thermal spray coatings in the energy and power sector is prevalent, contributing to enhanced turbine efficiency, extended equipment lifespan, and corrosion prevention in various components. For example, data from the Office for National Statistics, a UK-based statistical institute, exhibited that in 2022, the industry that supplies electricity, gas, steam and air conditioning experienced the highest revenue, hitting £22.0 billion ($31.02 billion), accounting for 31.7% of the total revenue in the low carbon and renewable energy economy. Importantly, this sector witnessed an impressive increase of 59.6% (£8.2 billion ($ 11.562 billion)) from 2021 to 2022. Consequently, the surge in the energy and power industries is expected to stimulate the thermal spray market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16203&type=smp
What Are the Primary Segments Covered in the Global Thermal Spray Market Report?
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
What Are the Top Growth Trends in the Thermal Spray Market?
Leading firms in the thermal spray market are concentrating on the development of innovative solutions like supersonic spraying technology to improve the quality of coatings, boost productivity, and address evolving industry issues. The term "supersonic spraying technology" in the thermal spray field refers to a method in which particles are accelerated beyond the speed of sound, resulting in superior coating quality and enhanced efficiency. For example, Castolin Eutectic, a German company that offers surface protection solutions, debuted the XupersoniClad in June 2023, a fresh thermal spraying service that utilizes supersonic spraying technology. This service is tailored to provide an efficacious solution for novel high entropy alloy (HEA) coatings that amalgamate five or more elements to outstrip conventional materials. It's a warm spray procedure that works at lower temperatures and increased speeds in comparison to standard high-velocity oxy-fuel (HVOF) processes, making it more proficient and impactful.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16203&type=smp
Which Companies Are Shaping the Future of the Thermal Spray Market?
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
Which Region Holds the Largest Market Share in the Thermal Spray Industry?
North America was the largest region in the thermal spray market in 2024. 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.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Reach Out to Us
Speak With Our Expert:Saumya Sahay,
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermal Spray Market Size Forecast: $15.17 Billion by 2029 | Global Outlook here
News-ID: 4169098 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Approaches Influencing the R …
The radio frequency identification (RFID) baggage handling system (BHS) market is set to experience significant growth over the coming years, driven by advancements in airport technology and evolving passenger needs. As airports continue to modernize and automate their operations, the demand for efficient baggage handling solutions is increasing rapidly. This overview explores the market's size, influential players, emerging trends, and key segments shaping its future.
Projecting the Radio Frequency Identification Baggage…
Leading Industry Participants Reinforce Their Presence in the Process Informatio …
The process information (PI)-to-cloud data broker solutions industry is positioned for significant expansion as digital transformation accelerates across industrial sectors. Increasing demand for real-time data access and seamless integration between operational technology (OT) and information technology (IT) systems is driving rapid innovations and investments. Let's explore the market size projections, key players, emerging trends, and segment insights shaping this evolving landscape.
Projected Market Size Growth in the Process Information (PI)-To-Cloud Data…
Future Perspective: Key Trends Shaping the Policy Management Telecom Market Up t …
The policy management telecom sector is set to experience significant expansion over the coming years, driven by technological advances and growing network demands. This evolving market is playing a crucial role in supporting the complex needs of modern telecom operators, enabling more efficient management and automation of network policies. Below, we explore the current market size projections, leading companies, key trends, and segmentation details that define this dynamic industry.
Strong Growth…
Competitive Analysis: Key Market Leaders and New Entrants in the Pantyhose and T …
The pantyhose and tights market is set to witness consistent growth as consumer preferences evolve and new trends gain traction. With increasing emphasis on sustainability, comfort, and style, this sector is poised for meaningful expansion through 2030. Let's dive into the market's valuation, key players, emerging trends, and segmentation to understand the trajectory of this dynamic industry.
Forecasted Market Value and Growth Rate of the Pantyhose and Tights Market
The…
More Releases for Spray
HaloGlow Hair Spray Review: Does This Spray Really Deliver Thicker Hair?
HaloGlow Hair Spray is a topical formula designed to combat thinning hair and promote fuller growth using natural ingredients applied directly to the scalp. Users spray it daily to nourish follicles, reduce shedding, and encourage new hair, making it suitable for men and women noticing early signs of hair loss from stress, hormones, or age.
Get salon worthy shine instantly with HaloGlow Hair Spray >> https://rebrand.ly/tryhalogrow
What Is HaloGlow Hair Spray?
HaloGlow Hair…
Key Trend Reshaping the Spray Drying Equipment Market in 2025: Innovative Mini S …
How Are the key drivers contributing to the expansion of the spray drying equipment market?
The spray drying equipment market is likely to witness growth, fueled by the rising consumption of both processed and ready-to-eat (RTE) foods over the forecast period. Spray drying systems are increasingly being utilized by manufacturers of packaged foods. For example, a report released in April 2024 by the National Association of Convenience Stores (NACS), a US-based…
Congela Biocosmetics Introduces XO Spray, A Revolutionary Oxygen Infusion Spray
Delivering JuveXO exosomes and skincare serums directly into the skin.
Image: https://www.getnews.info/uploads/a3d78ff50568f394aa57426170ea73fb.jpg
Renowned for its precision skincare exosomes, Congela Biocosmetics [https://juvexo.com/pages/xo-spray] is excited to announce the launch of the XO Spray [https://juvexo.com/pages/xo-spray], a revolutionary delivery system for JuveXO exosomes and other topical serums. The leading innovator in skincare technology is further expanding its footprint by offering this skincare game-changer that enhances product application and promotes skin rejuvenation.
Brian Pla, Chief Commercial Officer at…
Spray Pump Market 2019 | Global Forecast 2025 | Top Key Players - PMT Spray Pump …
Up Market Research added a new “Spray Pump Market research report for the period of 2019 – 2025. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Get Exclusive Free Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/73974
The report highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Spray Pump…
Spray Guns Market
https://www.qandqmarketresearch.com/reports/7468045/spray-guns-market-40
Global Spray Guns market size will increase to Million US$ by 2025, from Million US$ in 2018, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Spray Guns.
This report researches the worldwide Spray Guns market size value, capacity, production and consumption in key regions like United…
Thermal Spray Market 2023 Competitive Landscape :- Flame Spray Coating Company , …
Thermal Spray Industry report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. On the basis of product, this report displays the Cost Structure, Sales Revenue, Sales Volume, Gross Margin, market share and growth rate.
Synopsis of Thermal spray Market:-
Thermal spraying is an industrial process of coating that involves the formation of substrates in the semi-molten and molten state. Thermal spraying provides…
