Thermal Spray Coatings Market Size to Hit US$17.5B by 2031 | 6.8% CAGR Driven by Aerospace & Turbine MRO Demand | Growth Fueled by Aerospace, Energy & HVOF Technology

Thermal Spray Coatings Market Size and Forecast

Global Thermal Spray Coatings Market reached US$ 10.4 Billion and is expected to reach US$ 17.5 Billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Thermal Spray Coatings Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Recent Developments:

United States: Recent Industry Developments
✅ In January 2026, U.S. aerospace and defense manufacturers increased adoption of advanced ceramic and carbide thermal spray coatings. The coatings extend component life in extreme operating environments. Demand is driven by MRO and next-gen aircraft programs.

✅ In December 2025, industrial gas turbine operators expanded thermal spray refurbishment programs. The strategy reduces downtime and replacement costs. It supports efficiency improvements in power generation.

✅ In November 2025, coating service providers invested in high-precision plasma and HVOF spray technologies. These upgrades improve coating uniformity and performance. The trend supports high-value industrial applications.

🇯🇵 Japan: Recent Industry Developments
✅ In January 2026, Japanese manufacturers increased use of thermal spray coatings in aerospace and electronics components. The focus is on miniaturization and high-performance surfaces. Precision engineering drives demand.

✅ In December 2025, industrial players expanded collaborations for advanced surface engineering solutions. The initiatives support export-oriented manufacturing. Innovation remains a core competitive advantage.

✅ In November 2025, Japan's coating industry emphasized process optimization and material innovation for automotive and energy applications. These developments improve durability and sustainability. Market growth remains steady.

Key Players:

Praxair Surface Technologies, Inc., Bodycote, Plasma-Tec, Inc., Oerlikon Metco, Surface Technology, H.C. Starck GmbH, Metallisation Limited, F.W. Gartner Thermal Spraying, ASB Industries, AMETEK Inc., Flame Spray SpA, BryCoat Inc.

Growth Forecast Projected:

The Global Thermal Spray Coatings Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Thermal Spray Coatings Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

✦ By Substrate: Ceramics, Metal, Polymers, Carbides, Others.

✦ By Process: Flame spray, Plasma spray, Electric arc spray, Others.

✦ By Application: Aerospace, Medical, Automotive, Printing, and Others.

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Lays the foundation by defining the scope of the report, highlighting core market segments across regions, product types, and applications. It delivers a clear snapshot of current market size, growth potential, and how the industry is expected to evolve in both the near and long term.

Chapter 2: Spotlights the most impactful market insights, unveiling the transformative trends and forces shaping the future of the industry.

Chapter 3: Provides a deep dive into the competitive landscape of , covering revenue shares, strategic initiatives, and notable mergers & acquisitions that are reshaping the market.

Chapter 4: Presents detailed company profiles of leading players featuring financial performance, product portfolios, profit margins, and key milestones that set them apart in the industry.

Chapters 5 & 6: Break down revenue analysis at both regional and country levels, offering precise data on market size, growth drivers, and expansion opportunities across global markets.

Chapter 7: Analyzes the market by product type, spotlighting segment-specific opportunities and helping stakeholders identify untapped, high-growth areas.

Chapter 8 :Explores the market through application-based segmentation, assessing demand across industries and pinpointing downstream sectors with the strongest potential for growth.

Chapter 9: Maps the industry's supply chain in detail, tracing upstream and downstream activities to provide clarity on value creation across the ecosystem.

Chapter 10: Wraps up with a concise summary of the report's key insights distilling the most critical findings and strategic takeaways for decision-makers and stakeholders.

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FAQ

Q1: What is the current size of the Thermal Spray Coatings Market?

A: Thermal Spray Coatings Market reached US$ 10.4 Billion and is expected to reach US$ 17.5 Billion by 2031.

Q2: How rapidly will the Market expand?

A: The Thermal Spray Coatings market is projected to grow at a CAGR of 6.8% between 2025 and 2032.

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