San Francisco, 2 April 2019: The Report Thermal Spray Coatings Market Size, Share & Trends Analysis Report By Product,
By Technology (Cold, Flame, Plasma, HVOF, Electric Arc), By Application, By
Region, And Segment Forecasts, 2019 - 2025
The global thermal spray coatings market size is anticipated to reach USD 14.99 billion by 2025,
according to a new report by Grand View Research, Inc. It is expected to expand
at a CAGR of 6.7% during the forecast period. Increasing demand from aerospace,
industrial gas turbines, and a few other industries is expected to propel the
growth.
Growing demand for corrosion resistant
coatings from these industries is expected to be a key driver for market
growth. Thermal spraying is used to improve or restore the surface of a solid
material. This technological process can be used to apply coatings to a wide
range of components and materials, to provide resistance to cavitation, wear,
abrasion erosion, heat, and corrosion.
In addition, thermal spraying is used to
provide insulation or electrical conductivity, chemical resistance, lubricity,
sacrificial wear, high or low friction, and various other desirable properties
to the coated surface. These coatings have high potential market opportunity on
account of its properties such as biocompatibility, cavitation resistance, and
aesthetic appeal making them ideally suited for various applications.
Growing oil and gas explorations,
particularly in Asia Pacific coupled with upcoming shale gas explorations
across the globe is expected to fuel demand over the forecast period. The
thermal spray coatings market is characterized by the presence of stringent
regulations in various regions including in Europe and North America. There are
several regulations governing the market that define thermal-spray processes
for machinery element repair of ferrous and non-ferrous substrates.
Medical is expected to be a lucrative
application segment on account to increasing application scope of thermal spray
coating particularly in the biomedical sector. They help extend shelf life and
improve performance of dental and orthopedic implants. Advantages of using
thermal spray coating in the biomedical sector include superior wear and
corrosion resistance and bone bond enhancement.
Automotive industry growth mainly in China,
India, Malaysia, Indonesia, and Thailand is expected boost production
capacities of coating manufacturing companies. Asia Pacific is expected to be
the fastest growing market on account of increasing vehicle production along
with rapid economic growth in China, India, Japan, Indonesia, South Korea, and
Thailand.
Access Research Report of Thermal Spray Coatings Market @ https://www.grandviewresearch.com/industry-analysis/thermal-spray-coatings-market
Further key findings from the report suggest:
· In terms of revenue, ceramics product
segment is anticipated to reach USD 4.81 billion by 2025, growing at a CAGR of
7.2% from 2017 to 2025
· Aerospace application segment dominated the
market in terms of revenue, with a market share of over 32.30% in 2017, owing
to the ability of thermal spray coating to provide wear and corrosion
protection, low toxic gas emissions, thickness capability, and electrical
resistance to the surface
· The U.S. thermal spray coatings market is
anticipated to exceed USD 3.04 billion by 2025 owing to the presence of various
manufacturers and suppliers in the country
· The market is competitive with the presence
of a number of global, medium, and small scale companies catering to the global
and local demand. The companies engage in mergers and acquisitions to expand
their market reach and product portfolios
· Some of the key companies include Praxair
Surface Technologies; H.C. Starck Inc.; Wall Colmonoy; Powder Alloy
Corporation; Carpenter Technology Corporation; Montreal Carbide Co. Ltd.; and
Kennametal Stellite.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has
segmented the global thermal spray coatings market on the basis of product,
technology, application, and region:
Thermal Spray Coatings Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Metals
·
Ceramics
·
Intermetallics
·
Polymers
·
Carbides
·
Abradables
·
Others
Thermal Spray Coatings Technology Outlook
(Revenue, USD Million, 2014 - 2025)
·
Cold
·
Flame
·
Plasma
·
HVOF
·
Electric Arc
·
Others
Thermal Spray Coatings Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Aerospace
·
Industrial Gas Turbine
·
Automotive
·
Medical
·
Printing
·
Oil & gas
·
Steel
·
Pulp & Paper
·
Others
Thermal Spray Coatings Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Thermal Spray Coatings Market@ https://www.grandviewresearch.com/press-release/global-thermal-spray-coating-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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