$15B+ Thermal Spray Coatings Market by Product (Metal, Ceramic, Abradable), Technology (Plasma Spray, HVOF), Application (Aerospace, Medical) and Segment – ​​Global Forecast to 2030

DUBLIN, April 20, 2022–(BUSINESS WIRE)–The “Thermal Spray Coatings Market Size, Share and Trend Analysis Report by Product (Metal, Ceramic, Abradable), by Technology (Plasma Spray, HVOF), By Application (Aerospace, Medical) and Segment Forecast, 2022-2030″ report has been added to from ResearchAndMarkets.com offer.

The global thermal spray coatings market size is expected to reach USD 15.41 billion by 2030, growing at a CAGR of 4.8% over the forecast period. The growth of the global market is attributed to developments in aerospace, automotive, industrial gas turbines, oil and gas, steel, printing, and medical applications. Thermal spray coatings provide improved electrical/thermal conductivity, wear resistance, lubricity, chemical resistance, heat resistance and corrosion resistance to machine parts. Most machine parts are of high value, the frequent replacement of which is uneconomical and leads to high costs for end user industries.

For example, drill bits used in mining and offshore drilling operations must withstand the impact of hard ground and the reaction of chemicals below the surface. Thermal spray coatings provide the required corrosion and wear resistance which is vital in operations of this scale and can be expected to grow in consumption due to an increase in industry demand for the metal automotive and electronics. Thermal spray coating manufacturers are entering into technology collaborations to improve current technologies for better market positioning. For example, in April 2020, ASB Industries collaborated with the University of Nevada and Akron to develop double-layer coatings on magnesium.

The company’s current cold-spray aluminum coatings on magnesium alloys are very susceptible to localized corrosion in chloride-containing solutions. The continuous development of a titanium-aluminum coating layer on the magnesium increases the micro-hardness, thus reducing the rate of wear. Such technology collaborations can increase the demand for products over the next few years. Market players are also investing in expanding their manufacturing capabilities. For example, in March 2021, Oerlikon Metco Coating Services established a world-class additive manufacturing facility in Huntersville, a suburb of Charlotte, North Carolina, to add thermal spray and laser coating capabilities under one roof.

The expansion strategy aims to improve proximity to major aerospace and power generation customers in North America. The global market is highly competitive due to the presence of several players. Manufacturers launch new products and enter into contracts with end users to increase their market share. For example, in January 2022, Advanced Nanotech Lab won a $15 million contract to supply its ceramic-based coatings to a major automotive player. Such contracts with end-user companies can provide reliable product demand for market players.

Highlights of the Thermal Spray Coatings Market Report

  • Medical Applications Segment is Expected to See the Fastest CAGR During the Forecast Period

  • The growth is attributed to the widespread use of plasma spray coating technology in orthopedic, dental and cardiovascular implants, which are seeing an increase due to the increase in the geriatric population and injuries associated with the growing popularity of competitions of mixed martial arts.

  • The ceramic products segment led the market in 2021 due to stringent government regulations, mainly in North America and Europe, which are driving the demand for environmentally friendly products, thereby increasing the market growth

  • Governments in various countries have implemented strict regulations against the use of coal-fired power plants and are shifting towards gas-fired power plants, which can boost the demand for industrial gas turbines for power generation and help to market growth.

Companies cited

  • Praxair Surface Technologies, Inc.

  • Hoganas AB

  • HC Starck Inc.

  • Castolin eutectic

  • Wall Colmonoy Corporation

  • powder alloy company

  • Saint-Gobain SA

  • carpenter technology company

  • Fujimi Incorporated

  • Durum wheat Verschleiss-Schutz GmbH

  • Montreal Carbide Co. Ltd.

  • Kennametal Stellite

  • Oerlikon Metco

  • AMT S.A.

  • GTV Verschleischutz GmbH (GTV Wear Protection GmbH)

  • Flame spray technologies

  • Medicoat AG

  • Progressive Surface, Inc.

  • TOCALO Co., Ltd.

  • American Roller Company, LLC

  • Bodycote plc

  • Lincotec surface solutions

  • John Wood Group PLC

  • Thermal projection FW Gartner

  • Vitta Corporation

  • Flame Spray Coating Co.

  • Polymet Company

  • Curtis-Wright Company

  • Metallization Ltd.

  • TST Coatings, Inc.

  • Air Products and Chemicals, Inc.

  • Metallizing Equipment Co. Pvt. ltd

  • TWI Ltd.

  • Integrated Global Services

  • A&A thermal spray coatings

  • Thermion

  • Precision Coatings, Inc.

  • Cincinnati Thermal Spray, Inc.

  • Abler GmbH & Co. KG

  • Embedded Plasma Technology

  • HFW Industries, Inc.

  • Root Flame Spray Inc.

  • BryCoat Inc.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

2.1 Market Overview

2.2 Market Segmentation

Chapter 3 Thermal Spray Coatings Market Variables, Trends and Scope

3.1 Market Lineage Prospects

3.2 Thermal Spray Coatings Market Dynamics

3.3 Mapping penetration and growth prospects

3.4 Value chain analysis

3.5 Assessment of market opportunities

3.6 Analysis of market variables

3.6.1.1 Rising Demand for Industrial Gas Turbines

3.6.1.2 Increased preference over hard chrome coatings

3.6.2 Market Restraint Analysis

3.6.2.1 Commodity price volatility

3.7 Impact of COVID-19 on the Thermal Spray Coatings Market

3.8 Business Environment Analysis: Thermal Spray Coatings Market

3.9 Regulations

3.10 List of regulations

3.11 List of regulations, by raw material

3.11.1 Epoxy resin

3.11.2 Polypropylene

3.11.3 Aluminum

3.11.4 Steel

3.11.5 Nickel

3.11.6 Zinc

3.11.7 Copper

3.11.8 Iron Ore

3.11.9 Tungsten

Chapter 4 Thermal Spray Coatings Market: Product Estimates and Trend Analysis

4.1 Thermal Spray Coatings Market: Product Movement Analysis, 2021 & 2030

4.2 Metal

4.3 Ceramics

4.4 Intermetallic

4.5 Polymers

4.6 Carbides

4.7 Abradables

4.8 Others

Chapter 5 Thermal Spray Coatings Market: Technology Estimates and Trend Analysis

5.1 Thermal Spray Coatings Market: Technology Movement Analysis, 2021 & 2030

5.2 Cold spray

5.3 Flame spraying

5.4 Plasma spraying

5.5 High Velocity Oxyfuel (HVOF)

5.6 Electric arc spraying

5.7 Others

Chapter 6 Thermal Spray Coatings Market: Application Estimates and Trend Analysis

6.1 Thermal Spray Coatings Market: Application Movement Analysis, 2021 & 2030

6.2 Aeronautics

6.3 Industrial gas turbine

6.4 Automotive

6.5 Medical

6.6 Printing

6.7 Oil and Gas

6.8 Steel

6.9 Pulp and paper

6.10 Others

Chapter 7 Thermal Spray Coatings Market: Regional Estimates and Trend Analysis

7.1 Thermal Spray Coatings Market: Regional Movement Analysis, 2021 & 2030

7.2 North America

7.3 Europe

7.4 Asia-Pacific

7.5 Central and South America

7.6 Middle East and Africa

Chapter 8 Competitive Landscape

8.1 Global Key Players and Recent Developments and Their Impact on the Industry

8.2 Categorization of Major Companies/Competitions

8.3 List of Key Companies, by Region

8.4 List of Key Companies, by Technology/Product

For more information about this report visit https://www.researchandmarkets.com/r/xtgp5t

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220420005550/en/

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