Global Cold Spray Technology Market Size study & Forecast, by Material (Nickel, Copper, Aluminum, Titanium, Magnesium, Others) by Service (Cold Spray Additive Manufacturing, Cold Spray Coatings), by End-use (Aerospace, Automotive, Defense, Electrical & El

Global Cold Spray Technology Market Size study & Forecast, by Material (Nickel, Copper, Aluminum, Titanium, Magnesium, Others) by Service (Cold Spray Additive Manufacturing, Cold Spray Coatings), by End-use (Aerospace, Automotive, Defense, Electrical & Electronics, Utility, Others) and Regional Analysis, 2022-2029

Global Cold Spray Technology Market is valued at approximately USD 1.0 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2022-2029. Cold Spray Technology is a coating technology where finer metal particles are deposited to create a coating on the substrate. These particles may also oxidize and decompose during the process. Either a single coat or many layers can be created by this process of cold spray technology. The cold spray technology enhances thermal stability and corrosion resistance of materials for a longer period. It also provides safety and protection against harsh temperatures, extreme environments and increases the lifespan of components. Additionally, the growing aerospace industry and rising demand for cold spray technology are driving the market demand.

The growing Aerospace industry drives the market demand of cold spray technology as it is used to repair lightweight alloys in aerospace. According to Aerospace Industries Association the aerospace and defense industry is witnessing growth with a CAGR of 2.1% and the total market in 2021 accounted to be USD 892 Billion. Growth of 11.2% was recorded in aerospace and defense industry between 2020 and 2021. The rising demand in the electrical & electronics industry is another factor driving the market for this technology. This technology is used in the growing electronic industry to coat electrical components for longer corrosion resistance. Several mergers and launches by manufacturers are boosting the demand. For instance, Titomic Ltd. launched the D623 medium-pressure CSAM machine in November 2022 which can deposit harder metals. Moreover, advancements in formulation and adoption of this technology in various industries are fueling the market demand. However, the negative impact of COVID-19 on various industries affected the demand for cold spray technology and stifled market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cold Spray Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market for cold spray technology due to growing aerospace & defense, automotive and electrical & electronic industries. The continuous research and development in the application of cold spray technology is also boosting the market demand in this region. Initiatives by the government and major key market players of this region are projected to drive the demand over the forecast period. Asia-Pacific is anticipated to be the fastest-growing region due to the presence of developing infrastructure and facilities. Growth opportunities offered by highly emerging electronic companies in the region is expected to drive the market demand.

Major market player included in this report are:
Hannecard Roller Coatings, Inc - ASB Industries
Bodycote plc
Flame Spray Technologies
Titomic Ltd.
Impact Innovations GmbH
Concurrent Technologies Corp.
Plasma Giken Co., Ltd.
WWG Engineering Pte Ltd
Effusiontech Pty. Ltd. (SPEE3D)
Praxair S.T. Technology, Inc

Recent Developments in the Market:
 In August 2022, the limitation of Cold spray additive manufacturing was resolved by Impact Innovations by using copper as a model material.
 In July 2022, a comprehensive joint venture was signed by Titomic Ltd. and Repkon machine and tool industry and trade Inc. to launch the world’s first hybrid cold spray facility. They also developed flow-forming addictive for supplying barrels in the defense sector.
Global Cold Spray Technology Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Service, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Nickel
Copper
Aluminum
Titanium
Magnesium
Others

By Service:
Cold Spray Additive Manufacturing
Cold Spray Coatings

By End-use:
Aerospace
Automotive
Defense
Electrical & Electronics
Utility
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned
Hannecard Roller Coatings, Inc - ASB Industries
Bodycote plc
Flame Spray Technologies
Titomic Ltd.
Impact Innovations GmbH
Concurrent Technologies Corp.
Plasma Giken Co., Ltd.
WWG Engineering Pte Ltd
Effusiontech Pty. Ltd. (SPEE3D)
Praxair S.T. Technology, Inc

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