Thermal Spray Coating Market Fostering At Great Speed To Reach USD 13.61 Billion by 2022

25-Sep-2018 | Zion Market Research

Some of the primary manufacturers involved in the global thermal spray coating market are Praxair Surface Technologies, Air Products & Chemicals, Abakan Inc., Flame Spray Coating Company, Sulzer Ltd, TST Engineered Coating Solutions, Plasma-Tec, Inc., ASB Industries, Inc., Metallisation Ltd., Oerlikon Group, Bodycote plc, and Surface Technology among others. These players have important role in the growth of the thermal spray coating market.

Analysts at Zion Market Research claim that the global thermal spray coating market was capitalized at USD 8.53 Billion in 2016 and is likely to cross USD 13.61 Billion in 2022, developing at a CAGR of 8.1% from 2017 to 2022.

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This review is based on a report by Zion Market Research, titled “Thermal Spray Coating Market (Polymer, Ceramic, Metal and Others) for Automotive, Aerospace, Industrial Gas Turbine and Other Applications: Global Market Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”- Report at http://www.zionmarketresearch.com/report/thermal-spray-coating-market

Increasing Demand In Sectors Such As Aerospace And Automotive All Over The World To Boost The Thermal Spray Coating Market

“Increasing demand for thermal spray coating in sectors such as aerospace and automotive all over the world is a primary catalyst for the development of global thermal spray coating market,” claim analyst at Zion Market Research. Increasing requirement from the medical industry for thermal spray coating is also likely to boom the size of thermal spray coating market in the years to come. On the other hand, volatility in raw material costs is a primary limitation of the thermal spray coating market.

Global-Thermal-Spray-Coating-Market

However, untapped regions in developing nations are likely to offer new growth opportunities to the major players of the thermal spray coating market in the near future. For example, in January 2018, a new thermal spray coating tech developed by a Rajasthan-based researcher and used for gas turbine engine in spacecraft caught the attention of NASA, giving way for the development of thermal spray coating market.

Booming Aerospace Sector Expected To Boost The Development Of Thermal Spray Coating Market In North America In The Years To Come

With the foremost share of 30% of the entire market, North America ruled the thermal spray coating market in 2016. Booming aerospace sector is expected to boost the development of thermal spray coating market in the years to come. Furthermore, Europe was the second biggest region for thermal spray coating market in the same year. Europe is likely to show noteworthy development over the coming years in thermal spray coating market. Asia Pacific is the quickest developing area within the forecast period for thermal spray coating market. Latin America is also expected to show reasonable development in the years to come. Relatively, Middle East & Africa is likely to have slow development in thermal spray coating market during the years to come.

Ceramic was global thermal spray coating market’s leading sector in 2016. It added up for over 25% share of the global thermal spray coating market in 2016 and additionally is likely to develop at a noteworthy CAGR in the coming years.

The global thermal spray coating market is segmented as follows:

By Product

  • Polymer
  • Ceramic
  • Metal 
  • Others 

By Application

  • Automotive
  • Aerospace
  • Industrial Gas Turbine
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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