Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 500.15 Million | USD 776.71 Million | 4.5% | 2024 |
FrequentlyAsked Questions
Thermal spray coating equipment is used during the thermal spray coating process, which is performed on various substrates such as metal, ceramics, etc. Some of the key equipment used are thermal spray coating systems, spray guns & nozzle, acoustical enclosures, feeders, dust collectors, spare parts, and others.
The global thermal spray coating equipment market is expected to grow due to increasing demand for enhanced surface properties in industries like aerospace, automotive, and energy, rising focus on extending component lifespan and reducing maintenance costs, and growing technological advancements leading to more efficient and autom.
According to a study, the global thermal spray coating equipment market size was worth around USD 500.15 Million in 2024 and is expected to reach USD 776.71 Million by 2034.
The global thermal spray coating equipment market is expected to grow at a CAGR of 4.5% during the forecast period.
The global thermal spray coating equipment market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the presence of a huge footprint of end-user industries such as aerospace, automotive, oil & gas, and others.
Leading players in the global thermal spray coating equipment market include Praxair Surface Technologies, Inc., Höganäs AB, H.C. Starck Inc., Castolin Eutectic, Wall Colmonoy Corp., Powder Alloy Corp., Saint-Gobain S.A., Carpenter Technology Corp., Fujimi Incorporated, Durum Verschleiss-Schutz GmbH, Montreal Carbide Co. Ltd, Kennametal Stellite, Oerlikon Metco, GTV Verschleißschutz GmbH (GTV Weat Protection GmbH), among others.
The report explores crucial aspects of the thermal spray coating equipment market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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