The thermal spray coating market is estimated to grow at a CAGR of 7.47% to reach the market size of US$14.695 billion by the year 2024 from US$9.537 billion in 2018. Thermal spray coating involves a process in which a molten metal is sprayed onto a surface. It is a cost-efficient way to increase the durability and sustainability of a product. Thermal spray can be used in almost all the metal, ceramic and plastic applications. Growth in the demand for biomedical and medical instruments due to the ageing population, increasing number of road accidents, and investment in gas transmission, has led to a surge in demand for corrosion free products and thereby propelling the thermal spray coatings market growth. Booming automotive industry is further boosting the demand for thermal spray coatings across the globe. However, line-of-sight coatings process in thermal spray coatings is expected to hamper the growth of the thermal spray coatings market to a certain extent, as this process does not cover small and deep cavities that result in an increase in porosity. Rapid industrialization in Asia Pacific is leading to the emergence of numerous automotive manufacturing units particularly in India and China and is expected to have a positive impact on the thermal spray coating market over the next six years.
The “Thermal Spray Coating Market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by material, process, industry vertical and geography.
The thermal spray coating market has been segmented based on material, process, industry vertical and geography. By material, the market has been segmented into ceramics, metals, carbides, and others. By process the market it segmented into cold spray, plasma spray, conventional flame spray and HVOF. By industry vertical, the market has been segmented into aerospace, energy and power, automotive, healthcare, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the thermal spray coating market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the thermal spray coating market.
Thermal spray coating market has been segmented as follows-
Convectional Flame Spray
By Industry Vertical
Energy and Power
Middle East and Africa