The global thermal
spray coatings market is forecast to reach USD 16.04 Billion by 2026,
according to a new report by Reports and Data. In the thermal spray coatings
technique, one heat source is used to melt the coating material in powder, rod,
or wire into tiny droplets and throws it onto the substrate at a very high
speed. Thermally sprayed coatings enhance and improve the performance
characteristics of the substrates by imparting resistance against wear,
cavitation, abrasion, corrosion, erosion, and heat. It is also compatible with
different substrates such as plastics as well as metals.
The market for thermal spray
coatings is influenced by the growing aerospace industry and the usage of
thermal spray coatings mainly for the components, such as jet engine
components, turbine blades, and landing gears, among others. The increasing
usage of components, such as engine parts, cylinders, transmission components,
and suspension systems in the automotive industry are collectively creating
opportunities for the market to grow while stringent regulations from the
government side are posing limitations in the market.
The North America region
represented the largest regional market for global thermal spray coatings in
2018. The United States is expected to remain the primary market for thermal
spray coatings in the region, attributed to the expanding interest for improved
execution at competitive expenses and meeting all the guidelines and industry
norms.
To identify the key trends in
the industry, click on the link below:
https://www.reportsanddata.com/report-detail/thermal-spray-coatings-market
https://www.reportsanddata.com/report-detail/thermal-spray-coatings-market
Further key findings from
the report suggest
- The ceramics segment is expected to grow at the
highest CAGR of 6.9% during the forecast period. The cost efficiency and
easy availability of ceramic materials are driving the market growth.
- Based on process type, the conventional flame spray
segment is expected to account for a significant market share in terms of
value and continue its dominance throughout the forecast period. Flame
spray coatings segment held a market share of 38.5% in the year 2018.
- Aerospace held the largest market share of 37.9% in
the year 2018. This growth can be attributed to the growth of the
aerospace industry. Major aircraft manufacturers such as Boeing &
Airbus focuses on increasing their production capacities to fulfill the
demand for commercial as well as defense aircraft.
- The Asia pacific thermal spray coatings market is
expected to grow at the highest CAGR of 7.4% during the forecast period.
This growth is due to the growing population, increasing personal
disposable income, increasing urbanization & modernization, and
growing industries such as aerospace, automotive, and healthcare.
- Key participants Praxair Surface Technologies, Inc,
BodyCote, Oerlikon Metco, Surface Technology, H.C. Starck GmbH, F.W.
Gartner, Thermal Spraying, Metallisation Limited, Plasma-Tec, Inc, and C
& M Technologies GmbH, among others.
For the purpose of this report,
Reports and Data have segmented into the global Thermal Spray Coatings market
on the basis of materials, process, application, and region:
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Materials Outlook (Volume;
Kilo Tons; Revenue, USD Billion; 2016-2026)
- Ceramics
- Metals
- Alloys
Process Outlook (Volume; Kilo
Tons; Revenue, USD Billion; 2016-2026)
- Combustion
- Flame
- Electrical
Applications Outlook (Volume;
Kilo Tons; Revenue, USD Billion; 2016-2026)
- Aerospace
- Healthcare
- Automotive
- Energy & Power
- Electronics
Regional Outlook (Volume; Kilo
Tons; Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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