Thermal Spray Coatings Market, by Material (Metals, Alloys, Carbides, Ceramics, Intermetallic, Others), by Application (Aerospace, Industrial Gas Turbines, Automotive, Medical, Others), by Process (Conventional flame spray, Plasma spray, HVOF (High Velocity Oxy-fuel), Cold Spray), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Thermal spray coatings are used to develop the surface of solid materials in order to protect them against corrosion and abrasion. The major applications of thermal spray coatings include aerospace, industrial gas turbines, automotive, medical, and others industries. The materials used for producing thermal spray coatings include metals, alloys, carbides, ceramics, and other materials.
Market Dynamics
The thermal spray coating market is expected to witness substantial growth during the forecast period, owing to various factors such as development of the automotive and aerospace & defense industries and surge in usage of thermal spray coating in medical devices.
Development of the market's is fundamentally determined by the broad use of thermal spray coatings in the aviation area, principally for components, such as jet engine components, landing gear, and turbine blades, along with the increasing usage of components, such as cylinders, engine parts, transmission components, and suspension systems (to enhance their thermal efficiency, coefficient of friction, sliding wear and corrosion resistance power, and the longevity of the components) in the automotive industry.
Rising applications of thermal spray coatings in the oil and gas industry, advancements in spraying technology, and reusing of thermal spray processing materials are expected to provide numerous opportunities for the manufacturers in market studied.
On the basis of region, in 2021, North America accounted for the largest share in terms of revenue and contributed for a revenue share of 39.8% in the thermal spray coatings market globally. Moreover, Asia Pacific is predicted to record fastest growth in terms of revenue during the forecast period (2022 to 2030).
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