San Francisco, 25
September 2018: The global thermal spray coatings market size is expected to reach USD 14.99 billion by
2025, according to a new report by Grand View Research, Inc. Increasing
application scope, owing to advantages such as wear and corrosion protection,
low toxic gas emissions, thickness capability and electrical resistance is
expected to fuel thermal spray coating market growth. Key applications include
aerospace precision parts, automotive, medical instruments and industrial gas
turbines. Use of these coating for biomedical and medical instruments to
improve wear resistance and boost biocompatibility of prosthetics and dental
implants is expected to augment growth.
Rising application scope
of gas turbines in ships, locomotives, tanks, helicopters and motorcycles is
expected to augment thermal spray coating market over the forecast period.
Polymer and metal thermal spray coatings are employed in powdered form for
industrial gas turbines blades on account of properties such as high
temperature corrosion resistance.
In terms of revenue,
ceramics was the largest application segment for the product market, accounting
for 30.1% of the global market in 2016. Ceramics are primarily employed in
biomedical industry. HVOF technology is used to spray these products on to
substrates which are further used in the medical sector for the manufacturing
of dental implants. Expansion of this sector is expected to have a positive
impact on growth over the next seven years.
The global product
market is expected to witness substantial growth over the forecast period owing
to its widespread use in aerospace and automotive industries. Growing demand
for corrosion resistant coatings particularly in these two sectors is expected
to be a key driver for market growth. Increasing application scope in
engineering coating, wear resistant coating, automotive & aerospace,
biomedical, food processing, electronics, semiconductors and energy are further
expected to promote demand.
Access Research Report
of Thermal Spray Coatings
Market @ www.grandviewresearch.com/industry-analysis/thermal-spray-coatings-market
Further key findings from the report suggest:
· The global thermal spray coatings market
was valued at USD 8.38 billion in 2016 and is expected to grow on account of
the increasing demand from the automotive sector.
· Medical application segment will experience
the fastest growth in terms of revenue, growing at a CAGR of 7.8% from 2017 to
2025 on account of the growing demand for better health care facilities coupled
with rising number of hospitals
· Ceramics emerged as the largest product
segment in terms of revenue in 2016 and is estimated to reach USD 4.6 billion
by 2025 and is anticipated to experience a steady growth over the years ahead.
· The industry in Asia Pacific is projected
to witness substantial growth over the next eight years owing to robust growth
in the medical, oil & gas and automotive industry, especially in the
countries of India and China. In terms of revenue, the regional market is
expected to grow at a CAGR of 7.9% from 2017 to 2025.
· Key players including Praxair Surface
Technologies, Air Products & Chemicals, Cincinnati Thermal Spray, Inc., and
TWI Ltd., dominated the global product market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has
segmented the global thermal spray coatings market report on the basis of,
product, application, technology and region:
·
Thermal
Spray Coatings Product Outlook (Revenue, USD Million, 2014 - 2025)
o
Metals
o
Ceramics
o
Intermetallics
o
Polymers
o
Carbides
o
Abradables
o
Others
·
Thermal
Spray Coatings Application Outlook (Revenue, USD Million, 2014 - 2025)
o
Aerospace
o
Industrial Gas Turbine
o
Automotive
o
Medical
o
Printing
o
Oil & gas
o
Steel
o
Pulp & Paper
o
Others
·
Thermal
Spray Coatings Technology Outlook (Revenue, USD Million, 2014 - 2025)
o
Coldspray
o
Flamespray
o
Plasma spray
o
HVOF
o
Electric arc spray
o
Others
·
Thermal
Spray Coatings Regional Outlook (Revenue, USD Million, 2014 - 2025)
o
North America
o
U.S.
o
Europe
o
UK
o
Germany
o
Asia Pacific
o
China
o
India
o
Japan
o
Central & South America
o
Brazil
o Middle East & Africa
Access Press Release of
Thermal Spray Coatings Market@ 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.
