The global thermal spray coatings market is mainly driven by the growing demand from the automotive, aerospace, and medical devices industries, according to the latest research report from Market Research Future (MRFR). The global thermal spray coatings market is profiled in great detail in the report, which takes a close look at the major drivers and restraints affecting the global market, as well as the major players operating in the market. Studied forecasts are made for the market’s movement over the forecast period from 2021 to 2028. The impact of the COVID-19 pandemic on the global thermal spray coatings market is also studied in the report.
Thermal spray coatings are coatings that are delivered onto the substrate through a process of heating up the sprayed material into tiny droplets and then delivering the droplets onto the substrate. This process provides several benefits over conventional coating mechanisms such as nickel and chrome plating, nitride or heat treating processes, anodizing, and weld overlay, such as high deposition rate, thick coatings as a result of the high deposition rate, and low toxic gas emissions. Thermal spray coatings are used to provide the substrate with resistance against environmental corrosion, abrasion, wear, erosion, and cavitation. Thermal spray coatings can be used on a wide range of substrates, including metals, plastics, ceramics, and alloys. This is also a major driver for the global thermal spray coatings industry over the forecast period.
The growing automotive industry is likely to be a major driver for the global thermal spray coatings market over the forecast period. The automotive industry uses thermal spray coatings in a wide array of applications, including various components used in cars. The growing demand for longer-lasting automotive components is likely to drive the demand for thermal spray coatings from the industry over the forecast period. Thermal spray coatings also present the advantage of causing lower toxic emissions over the coating process, which is a leading driver for the process over other coating processes. The aerospace industry is also likely to be a major consumer for the global thermal spray coatings market over the forecast period. The increasing demand for longer-lasting aerospace components and the growing demand for effective protection against environmental corrosion in the aerospace industry is the major driver for the thermal spray coatings market. Agricultural components are also likely to remain a key consumer segment for the thermal spray coatings market over the forecast period.
Competitive Leaderboard:
Leading players in the global thermal spray coatings market include Air Products and Chemicals Inc., Metallisation Ltd., AA Thermal Spray Coatings, H. C. Starck GmbH, Progressive Surface, BryCoat Inc., Precision Coatings Inc., Cincinnati Thermal Spray Inc., ASB Industries Inc., Surface Technology, Plasma-Tec, Oerlikon Metco AG Wohlen, Praxair ST Technology, General Magnaplate Corporation, and Flame Spray Coating Company.
Segmentation:
The global thermal spray coatings market is segmented by the coating material, heat source, process, end-use industry, and region.
On the basis of the coating material, the global thermal spray coatings market is segmented into ceramic, carbide, metal alloys, polymer, and cermet.
On the basis of the heat source, the global thermal spray coatings market is segmented into combustion flame and electrical energy.
On the basis of the process, the global thermal spray coatings market is segmented into cold spray, flame spray, plasma spray, high-velocity oxy-fuel, electric arc spray, and others.
On the basis of the end-user industry, the global thermal spray coatings market is segmented into aerospace, automotive, healthcare, construction, industrial, energy power, electronics, agriculture, and others. The automotive industry holds a dominant 22% share in the global thermal spray coatings market.
Regional Analysis:
Asia Pacific holds a major share in the global thermal spray coatings market share due to the growing number of companies in the regional market and the growing manufacturing sector in the region. Automotive, aerospace, medical devices, agriculture, electronics, and energy power industries are likely to rise in Asia Pacific in the coming years, leading to a growing demand for thermal spray coatings.
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