Thermal Spray Coatings Market - Global Industry Analysis

Global Thermal Spray Coatings Market Size By Type (Metal, Ceramic, Intermetallic, Polymer, Carbides, Abradables, Others), By Technology (Cold Spray, Flame Spray, Plasma Spray, High Velosity oxy Fuel, Electric Arc Spray, and Others), By Application (Aerospace, Gas turbine, Automotive, Medical, Printing, Oil & Gas, Steel, Pulp & Paper, and Others), Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021 – 2028

Published Date: 24-Jun-2021 Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-1446 Status : Published

The global thermal spray coatings market accounted for USD 6.90 Billion in 2020 and is expected to reach USD 11.8 Billion by 2028, growing at a CAGR of 6.1% from 2021 to 2028.

Description

Market Overview

In terms of revenue, the global thermal spray coatings market accounted for USD 6.90 Billion in 2020 and is expected to reach USD 11.8 Billion by 2028, growing at a CAGR of 6.1% from 2021 to 2028.

Thermal spray coating is a process in which various types of melted coating material is sprayed onto a surface. Thermal spray coating is a process that involves the deposition of molten surface with the help of devices such as spray gun or torch and other equipment. Thermal spray coating are widely used in gas turbine, aerospace, automotive, medical, printing, oil & gas, steel, pulp & paper, and others to provide surface protection. The various types of materials are used to produce the spray coating are aluminum, steel, nickel, copper and other. The high demand of superior surface properties in order to extend the life of equipment, increasing adoption of thermal ceramic spray coating technologies, and increase in the product demand from industrial gas turbine are some of the major factors that are driving the growth of this market.

COVID-19 Impact Analysis

The covid-19 have led us to serious implications as it has deepen the growth to a significant level and thermal spray coating market wasn’t an exception. The demand for thermal spray coating primarily depends on the automotive industry, Aerospace industry and others. The covid-19 pandemic has brought these end use industries on backfoot as they have to face the significant loss in revenue. The end of the lockdown is anticipated to grow the thermal spray coating market Owing to the increasing applications of thermal ceramic spray coating across several sectors, including automotive industry, Aerospace industry and others.

Growth factors

The global thermal spray coating market is anticipated to grow tremendously during the forecast period. This is due to the technological advancement linked with the widening application scope of the thermal spray coating market. Also, the high demand of superior surface properties in order to extend the life of equipment, increasing adoption of thermal ceramic spray coating technologies, and increase in the product demand from industrial gas turbine are some of the major factors that are driving the growth of this market.

Due to the various uses in application of thermal coating such as wear and corrosion protection, thickness capability, excellent electrical resistance, and low toxic gas emission it is expected to expand the Thermal spray coatings market. The replacement of hard chrome plating process with the emerged High velocity oxy fuel process which was under tremendous pressure by regulatory bodied due to association with hexavalent chromium. This factor have increased the adoption of thermal spray coating as it offers superior surface properties.

However, the ineffectiveness of line of sight coating process can restrain the growth of the market. The process lack in covering small and deep cavities that may lead to porosity. Nevertheless, considering the momentum of technology and consistent development in the coating process expected to offer healthy growth opportunities during the forecast period.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Segment Analysis

On the basis of application, the market is bifurcated as aerospace, gas turbine, automotive, medical, printing, oil & gas, steel, pulp & paper, and others. Aerospace is the largest application segment in the 2018 and is expected to be the largest one during the forecast period. Rapid expansion of the aerospace sector which is fueling the growth for thermal spray coating technologies. Automotive segment expected to grow at highest CAGR during the forecast period due to high growth in the automotive production. China is one of the largest automotive manufacturers which may offer healthy growth opportunities to this market over the coming years

Technology Segment Analysis

On the basis of by Technology, the market is segmented into Cold Spray, Flame Spray, Plasma Spray, High Velocity oxy Fuel, Electric Arc Spray, and Others. Plasma spray technologies emerged as the largest revenue generating segment in 2020 and it is expected to be the largest segment by the end of 2028. One of the major advantages using plasma spray technology includes its ability to spray on range of material such as metals and ceramics, on both large and small component. High velocity oxy fuel technology expected to grow at highest CAGR during the forecast period due to its faster adoption in most of the applications.

Regional Segment Analysis

North America Thermal Spray Coatings market has the highest share owing to the growing established presence of aerospace industry and technologically sound nature of this region. The U.S. was the largest contributor in this region thereby meeting all regulatory compliances. Growing investment in the aerospace sector from public sector has been playing key role in the growth of US thermal spray coating market. Asia Pacific, on the other hand, expected to grow at largest CAGR due high growth in the automotive sector.

Key Market Players &Competitive Landscape

Some of the major companies operating in the global Thermal Spray Coatings 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.The detailed description of players includes parameters such as company overview, financial overview, business, and recent developments and SWOT analysis of the company.

This report segments the global Thermal Spray Coatings Market as follows:

By Product

  • Polymer
  • Ceramic
  • Metal 
  • Others 

By Application

  • Automotive
  • Aerospace
  • Industrial Gas Turbine
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • CHAPTER NO. 1. INTRODUCTION
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • CHAPTER NO. 2. EXECUTIVE SUMMARY
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Thermal Spray Coatings Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • CHAPTER NO. 3. COVID 19 IMPACT ANALYSIS
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • CHAPTER NO. 4. THERMAL SPRAY COATINGS MARKET – BY PRODUCT SEGMENT ANALYSIS
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Pulymer
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Ceramic
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Metal
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Others
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • CHAPTER NO. 5. THERMAL SPRAY COATINGS MARKET – BY APPLICATION SEGMENT ANALYSIS
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Automotive
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Aerospace
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Industrial Gas Turbine
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Others
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • CHAPTER NO. 6. THERMAL SPRAY COATINGS MARKET – REGIONAL ANALYSIS
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • CHAPTER NO. 7. THERMAL SPRAY COATINGS MARKET – INDUSTRY ANALYSIS
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • CHAPTER NO. 8. COMPETITIVE LANDSCAPE
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Thermal Spray Coatings Market: Company Market Share, 2019
      • 8.1.2. Global Thermal Spray Coatings Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Thermal Spray Coatings Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Thermal Spray Coatings Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • CHAPTER NO. 9. COMPANY PROFILES
    • 9.1. Praxair Surface Technulogies
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Air Products & Chemicals
    • 9.3. Abakan Inc.
    • 9.4. Flame Spray Coating Company
    • 9.5. Sulzer Ltd
    • 9.6. TST Engineered Coating Sulutions
    • 9.7. Plasma-Tec, Inc.
    • 9.8. ASB Industries, Inc.
    • 9.9. Metallisation Ltd.
    • 9.10. Oerlikon Group
    • 9.11. Bodycote plc
    • 9.12. Surface Technology
  • CHAPTER NO. 10. MARKETING STRATEGY ANALYSIS
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • CHAPTER NO. 11. RESEARCH METHODOLOGY
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Thermal Spray Coatings Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 7. Global Thermal Spray Coatings Market for Polymer, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Thermal Spray Coatings Market for Polymer, By Country, 2020 & 2028
FIG NO. 9. Global Thermal Spray Coatings Market for Ceramic, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Thermal Spray Coatings Market for Ceramic, By Country, 2020 & 2028
FIG NO. 11. Global Thermal Spray Coatings Market for Metal, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Thermal Spray Coatings Market for Metal, By Country, 2020 & 2028
FIG NO. 13. Global Thermal Spray Coatings Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Thermal Spray Coatings Market for Others, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 16. Global Thermal Spray Coatings Market for Automotive, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Thermal Spray Coatings Market for Automotive, By Country, 2020 & 2028
FIG NO. 18. Global Thermal Spray Coatings Market for Aerospace, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Thermal Spray Coatings Market for Aerospace, By Country, 2020 & 2028
FIG NO. 20. Global Thermal Spray Coatings Market for Industrial Gas Turbine, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Thermal Spray Coatings Market for Industrial Gas Turbine, By Country, 2020 & 2028
FIG NO. 22. Global Thermal Spray Coatings Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Thermal Spray Coatings Market for Others, By Country, 2020 & 2028
FIG NO. 24. Global Thermal Spray Coatings Market Revenue Share, By Region, 2020 & 2028
FIG NO. 25. North America Thermal Spray Coatings Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 26. Porter’s Five Forces Analysis for Global Thermal Spray Coatings Market
FIG NO. 27. PEST Analysis for Global Thermal Spray Coatings Market
FIG NO. 28. Pricing Analysis for Global Thermal Spray Coatings Market
FIG NO. 29. Value Chain Analysis for Global Thermal Spray Coatings Market
FIG NO. 30. Company Share Analysis, 2019
FIG NO. 31. Radar Determinant Chart, 2019
FIG NO. 32. Company Strategic Developments – Heat Map Analysis
FIG NO. 33. Praxair Surface Technologies Business Segment Revenue Share, 2020 (%)
FIG NO. 34. Praxair Surface Technologies Geographical Segment Revenue Share, 2020 (%)
FIG NO. 35. Market Channels
FIG NO. 36. Marketing Channel Development Trend
FIG NO. 37. Growth in World Gross Product, 2008-2018
FIG NO. 38. Research Methodology – Detailed View
FIG NO. 39. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Thermal Spray Coatings Market: Snapshot
TABLE NO. 2. Quarterly Thermal Spray Coatings Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Thermal Spray Coatings Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Thermal Spray Coatings Market for Polymer, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Thermal Spray Coatings Market for Ceramic, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Thermal Spray Coatings Market for Metal, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Thermal Spray Coatings Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Thermal Spray Coatings Market for Automotive, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Thermal Spray Coatings Market for Aerospace, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Thermal Spray Coatings Market for Industrial Gas Turbine, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Thermal Spray Coatings Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Thermal Spray Coatings Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Thermal Spray Coatings Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Thermal Spray Coatings Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Thermal Spray Coatings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 18. U.S. Thermal Spray Coatings Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 19. U.S. Thermal Spray Coatings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 20. Canada Thermal Spray Coatings Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 21. Canada Thermal Spray Coatings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 22. Mexico Thermal Spray Coatings Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 23. Mexico Thermal Spray Coatings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 24. Drivers for the Thermal Spray Coatings Market: Impact Analysis
TABLE NO. 25. Restraints for the Thermal Spray Coatings Market: Impact Analysis
TABLE NO. 26. Major Buyers of Thermal Spray Coatings
TABLE NO. 27. Distributors/Traders List of Thermal Spray Coatings
TABLE NO. 28. Global Thermal Spray Coatings Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 29. Global Thermal Spray Coatings Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Thermal Spray Coating market. Zion Research has collected and analyzed key data belong to the global Thermal Spray Coating market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Thermal Spray Coating across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Thermal Spray Coating industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Thermal Spray Coating market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Thermal spray is a process of coating in which the feedstock is heated or melted by two means i.e. electrical and chemical. The thermal coating offers thick coats (up to 20 micrometers) to the surface as compared to the conventional coating process. Feedstock extensively used for thermal spraying coating includes alloys, ceramics, metals, plastics, and composites. These feedstocks are feed in powder form and further accelerated in a molten state to get micrometer-size particles. Moreover, thermal spraying coating process finds numerous applications such as aerospace, automotive, medical, and among others.

The global thermal spray coating market is primarily driven by growing demand for coating applications in numerous industries across the globe. Moreover, changing trends and growing developments in aerospace and the automotive industry is likely to fuel the growth of thermal spray coating market in the near future. Rising demand for thermal spray coating in the medical sector is also another driving factor that is expected to boom the market size during the next few years. However, fluctuating prices of raw material may slow down the growth of the market. Nonetheless, emerging market in developing countries is likely to set new wings to the global thermal spray coating market during the years to come.

Global-Thermal-Spray-Coating-Market

Based on different product type, the global thermal spray coating market is bifurcated into polymer, ceramic, metal and others. Among these products, ceramic dominated the global thermal spray coating market in 2016. Furthermore, it is also predicted to be the fastest growing product of the global thermal spray coating market in the near future. Metal was the second largest product segment of global thermal spray coating market in the same year. Moreover, the polymer is estimated to witness the moderate growth in the coming years.

Automotive, aerospace and industrial gas turbines are the major applications of the global thermal spray coating market. Aerospace led the global thermal spray market in 2016. It held a significant share in the thermal spray coatings market and this trend is predicted to continue over the next few years. Growing demand for locomotive, helicopters, and tanks is likely to fuel the growth of thermal spray coating market. Moreover, aerospace was followed by the industrial gas turbine and automotive application in 2016. Industrial gas turbine is expected to experience the fastest growth of the market within the forecast period.

North America was the most attractive market for thermal spray coating in 2016. Furthermore, it is anticipated to continue its dominance in the market within the forecast period. On-going research and development coupled with increasing production of the aerospace industry in the region are likely to grow the market size at a strong CAGR during the future years in North America. Additionally, North America was followed by Europe and Asia Pacific in the same year. Asia Pacific is expected to witness the lucrative growth of the market owing to the emerging aerospace and automotive industry in countries like China and India.

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

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FrequentlyAsked Questions

The global Thermal Spray Coatings Market was valued at USD 6.90 Billion in 2020.

The global Thermal Spray Coatings Market is expected to reach USD 11.8 Billion by 2028, growing at a CAGR of 6.1% From 2021 to 2028.

The global thermal spray coating market is anticipated to grow tremendously during the forecast period. This is due to the technological advancement linked with the widening application scope of the thermal spray coating market. Also, the high demand of superior surface properties in order to extend the life of equipment, increasing adoption of thermal ceramic spray coating technologies, and increase in the product demand from industrial gas turbine are some of the major factors that are driving the growth of this market.

North America Thermal Spray Coatings market has the highest share owing to the growing established presence of aerospace industry and technologically sound nature of this region. Asia Pacific, on the other hand, expected to grow at largest CAGR due high growth in the automotive sector.

Some of the major companies operating in the global Thermal Spray Coatings 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.

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