Global Thermal Spray Materials Market Revenue Analysis 2017 by Coating Materials, Applications, Industry Growth Drivers

The Global Thermal Spray Materials market is estimated to be valued at USD 1.40 million in 2015, and it is expected to grow at a CAGR of XX.XX% to reach USD XX.XX million by 2020. The aforementioned market size includes only the revenues being generated through the sales of the materials, both primary coating and auxiliary materials, being used in the thermal spray process.

Thermal spray materials are an integral part of the thermal spray coating process and can be primarily segmented into thermal spray coating materials and auxiliary materials. The coating materials have further been segmented into: Powders and rods/wires, along with the former being segmented into Metal-based (Pure Metals & Alloys, Precious Metals, and MCrAlY), Ceramic-based, polymers, and others. The ceramic-based materials have been sub-segmented into ceramic oxides (Alumina, Chromia, Titania, Zirconia, and others), carbides, and cermets.

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Thermal Spray is a group of industrial processes, which generally include the propelling of micrometer-size particles of molten or semi-molten materials to create a protective or decorative coating on the surface of the desired substrate. The Thermal Spray coating provides various advantages to the end-users, such as lower coating cost, improved engineering performance, and increased component life.

Thermal Spray techniques, owing to their superior deposition rate, in comparison to other traditional coating processes, are an integral part of various major industrial sectors. In the global Thermal Spray Materials market report, we have taken the following major end-user sectors of thermal spray coatings into consideration: Automotive, Aerospace, Industrial Gas Turbines, Energy & Power, Electronics, Oil & Gas, Medical Devices, and Others.

This market is driven by a number of factors, such as growing thermal spray applications in aerospace and automotive sectors, the increased usage of thermal spray in medical devices, and the reduced technology transfer time; primarily resulting from the growing reach of thermal spray professional and trade associations. However, this market faces certain drawbacks, such as the emergence of hard trivalent chrome coating, trust issues regarding thermal spray process reliability and consistency, and the limited usage of thermal spray in emerging economies. These factors may act as a roadblock to the growth of the Global Thermal Spray Materials Market.

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The market has also been geographically segmented on the basis of consumption. The regional analysis includes Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. The regions have further been divided into major countries. In terms of consumption in 2015, North America led the market. In terms of country-wise consumption, the US led the market. It was followed by Japan and Germany.

The shifting focus towards nanocomposite thermal spray powders, the increased awareness and demand from Asia-Pacific, the advancements in spraying technology (cold spray process), and the development of novel cheaper products will offer numerous opportunities in the growth of the global thermal spray materials market.

Some of the major companies and vendors in the market include, Global Tungsten & Powders Corp., Metallisation Ltd., Flame Spray Technologies, Oerlikon Metco, Praxair Surface Technologies, Treibacher Industrie, Thermach Inc., H.C. Starck, APS Materials Inc., The Fisher Barton Group (Lineage Alloys), Plasma Powders & Systems Inc., and Artec Alloys.

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Key Deliverables in the Study

• Market analysis for the Global Thermal Spray Materials Market, with region specific assessments and competition analysis on global and regional scales
• Market definition along with the identification of key drivers and restraints
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
• Extensively researched competitive landscape section with profiles of major companies along with their market shares
• Identification and analysis of the macro and micro factors that affect the Global Thermal Spray Materials market on both global and regional scales
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
• Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

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