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Thermal Spray Market Size 2021: Growth Statistics and Key Players Insights by Types, Applications, Business Trends and Development Analysis till 2024

Thermal Spray

The report presents a strategic assessment of “Thermal Spray Market” size analysis including enabling technologies, market drivers, challenges, standardization, and future roadmap of industry. The data includes historical and predicted values with an accurate picture of the growth of the Thermal Spray market. This research report also provides an in-depth analysis of market opportunities, import/export details, supply & demand scenario, pricing factors, and emerging trends.  The report also discovering the geographic expansion, competitive landscape, segmentation, and revenue of the global industry.

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Thermal Spray Market Manufacturer Segment Analysis:

  • 5iTECH (AlSher APM LLC)
  • AMETEK Inc.
  • Ardleigh Minerals Incorporated
  • Bay State Surface Technologies Inc. (AIMTEK)
  • C&M Technologies GmbH
  • Castolin Eutectic
  • Carpenter Powder Products (CRS Holdings Inc.)
  • Fujimi Incorporated
  • Thermion
  • Global Tungsten & Powders
  • HC Starck GmbH
  • HAI Inc.
  • Hoganas AB
  • Hunter Chemical LLC
  • Kennametal Inc.
  • LSN Diffusion Limited
  • Metallisation Ltd
  • Metallizing Equipment Co. Pvt Ltd
  • Oerlikon
  • Plasma Powders & Systems Inc.
  • Polymet Corp.
  • Powder Alloy Corporation
  • The Fisher Barton Group (Lineage Alloys)
  • The Linde Group
  • Saint
  • Gobain SA
  • Sandvik AB
  • Supersonic Spray Technologies (CenterLine)

    Market Overview:

  • The thermal spray market is expected to register a CAGR of 6.5% during the forecast period (2019-2024). One of the major factors driving the market studied is the expanding automotive manufacturing sector in the Asia-Pacific region. Rising popularity of thermal spray ceramic coatings is also likely to boost the demand for thermal spray.
  • – The aerospace end-user industry dominated the market in 2018, and it is expected to grow during the forecast period, owing to the increasing investment in the global aerospace industry.
  • – Increasing use of thermal spray as a replacement of hard chrome coating is also expected to boost the demand for thermal spray.
  • – Recently, several new methods have been developed to recycle thermal spray processing materials. This is likely to act as an opportunity for the market, in the future.
  • – North America dominated the thermal spray market across the world, owing to the high demand from the various end-user industries.<

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    Key Market Trends:

    The Aerospace End-user Industry is Expected to Witness the Highest Market Share

    – In the aerospace sector, thermal spray coatings are extensively used as protective coatings, to protect aircraft components and repair the old ones. They are used in the protection of engine turbine blades and actuation systems, to provide high thermal resistance and longevity.
    – Thermal sprays are largely employed for several purposes in jet engines components, such as crank shafts, piston rings, cylinders, and valves. In addition, they are also applied in the coating of landing gear (bearings and axles inside the landing gear), to withstand the forces during landing and takeoff.
    – The Asia-Pacific and Middle East & African regions are expected to witness rapid expansion in the aviation sector, owing to the rising consumer incomes and investments in transportation infrastructure in the near future.
    – Factors, like increasing air traffic across the world and increasing global aircraft fleet, are expected to boost the growth of the aerospace industry.

    North American Region is Expected to Dominate the Market

    The North American region dominated the market share in 2018. The United States is the second-largest producer of automotive in the world. The US aerospace industry is also thriving, owing to the strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in the United States. The manufacturing industry of Canada is also expected to thrive during the forecast period, owing to the increasing business investment, government expenditure, and consumer spending. The aerospace industry of Canada is also witnessing strong growth. The country is the third-largest in terms of civil aircraft production, along with being second in business aircraft production and third in helicopter production, around the world. Owing to the rise of these end-user industries in the United States and Canada, North America is projected to dominate the market during the forecast period.

    Reasons to Purchase this Report:

    • Current and future global Thermal Spray market outlook in the developed and emerging markets.
    • Analysing various perspectives of the market, with the help of Porter’s five forces analysis.
    • The segment that is expected to dominate the market.
    • The regions that are expected to witness the fastest growth during the forecast period.
    • Identify the latest developments and strategies employed by the major market players.
    • 3-month analyst support along with the Market Estimate sheet (in excel).

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    Key questions answered in the report:

    1. What is the growth potential of the Thermal Spray market?
    2. Which product segment will have the largest share?
    3. Which regional markets will lead in the coming years?
    4. Which application segment will grow strongly?
    5. What growth opportunities could arise in the Thermal Spray industry in the future?
    6. What are the greatest challenges for the Thermal Spray market in the future?
    7. Who is the leader in the Thermal Spray market?
    8. What are the main trends that have a positive impact on market growth?
    9. What growth strategies are players considering to stay in the Thermal Spray market?

    Detailed TOC of Thermal Spray Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Expanding Automotive Manufacturing Sector in the Asia-Pacific Region
    4.1.2 Rising Popularity of Thermal Spray Ceramic Coatings
    4.1.3 Replacement of Hard Chrome Coating

    4.2 Restraints
    4.2.1 Emergence of Hard Trivalent Chrome Coatings
    4.2.2 Issues Regarding Process Reliability and Consistency

    4.3 Industry Value Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.1.1 Coatings
    5.1.2 Material
    5.1.2.1 Coating Material
    5.1.2.1.1 Powder
    5.1.2.1.1.1 Ceramics
    5.1.2.1.1.2 Metal
    5.1.2.1.1.3 Polymer and Other Powders
    5.1.2.1.2 Wire/Rod
    5.1.2.1.3 Other Product Types (Liquid)
    5.1.2.2 Supplementary Material (Auxiliary Material)
    5.1.3 Thermal Spray Equipment
    5.1.3.1 Thermal Spray Coating System
    5.1.3.2 Dust Collection Equipment
    5.1.3.3 Spray Gun and Nozzle
    5.1.3.4 Feeder Equipment
    5.1.3.5 Spare Parts
    5.1.3.6 Noise-reducing Enclosure
    5.1.3.7 Other Thermal Spray Equipment
    5.2 Thermal Spray Coatings and Finishes
    5.2.1 Combustion
    5.2.2 Electric Energy
    5.3 End-user Industry
    5.3.1 Aerospace
    5.3.2 Industrial Gas Turbines
    5.3.3 Automotive
    5.3.4 Electronics
    5.3.5 Oil and Gas
    5.3.6 Medical Devices
    5.3.7 Energy and Power
    5.3.8 Other End-user Industries
    5.4 Geography
    5.4.1 Asia-Pacific
    5.4.1.1 China
    5.4.1.2 India
    5.4.1.3 Japan
    5.4.1.4 South Korea
    5.4.1.5 ASEAN Countries
    5.4.1.6 Rest of Asia-Pacific
    5.4.2 North America
    5.4.2.1 United States
    5.4.2.2 Canada
    5.4.2.3 Mexico
    5.4.2.4 Rest of North America
    5.4.3 Europe
    5.4.3.1 Germany
    5.4.3.2 France
    5.4.3.3 United Kingdom
    5.4.3.4 Italy
    5.4.3.5 Rest of Europe
    5.4.4 South America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of South America
    5.4.5 Middle East & Africa
    5.4.5.1 Saudi Arabia
    5.4.5.2 United Arab Emirates
    5.4.5.3 South Africa
    5.4.5.4 Rest of Middle East & Africa (MEA)

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 5iTECH (AlSher APM LLC)
    6.4.2 AMETEK Inc.
    6.4.3 Ardleigh Minerals Incorporated
    6.4.4 Bay State Surface Technologies Inc. (AIMTEK)
    6.4.5 C&M Technologies GmbH
    6.4.6 Castolin Eutectic
    6.4.7 Carpenter Powder Products (CRS Holdings Inc.)
    6.4.8 Fujimi Incorporated
    6.4.9 Thermion
    6.4.10 Global Tungsten & Powders
    6.4.11 HC Starck GmbH
    6.4.12 HAI Inc.
    6.4.13 Hoganas AB
    6.4.14 Hunter Chemical LLC
    6.4.15 Kennametal Inc.
    6.4.16 LSN Diffusion Limited
    6.4.17 Metallisation Ltd
    6.4.18 Metallizing Equipment Co. Pvt Ltd
    6.4.19 Oerlikon
    6.4.20 Plasma Powders & Systems Inc.
    6.4.21 Polymet Corp.
    6.4.22 Powder Alloy Corporation
    6.4.23 The Fisher Barton Group (Lineage Alloys)
    6.4.24 The Linde Group
    6.4.25 Saint-Gobain SA
    6.4.26 Sandvik AB
    6.4.27 Supersonic Spray Technologies (CenterLine)

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Growing Application in the Oil and Gas Industry
    7.2 Advancements in Spraying Technology

    7.3 Recycling of Thermal Spray Processing Materials

    Contact Us:

    Name: Ajay More

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    Email: [email protected]

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