Global Cold Gas Spray (CGS) Coating Market Size, Share & Trends Analysis Report, Technology and by End Users, By Region Forecasts, 2023 - 2030

Global Cold Gas Spray (CGS) Coating Market Size, Share & Trends Analysis Report, Technology and by End Users, By Region Forecasts, 2023 - 2030

Global Cold Gas Spray (CGS) Coating Market was valued at US $ 120.67 million in 2022 and is expected to reach US $701.0 million by 2030 growing at a CAGR of 24.60% during the forecast period 2023 – 2030.

A growing subset of the surface engineering industry is the cold gas spray coatings sector. It includes the development, manufacture, and application of coatings by means of the cold gas spray technique. Using a gas jet—usually helium or nitrogen—this innovative method shoots metal or composite particles at high speeds onto a substrate's surface. These fast-moving particles strike a range of surfaces, such as metals, polymers, ceramics, and composites, forming dense, corrosion-resistant coatings and strong adhesive connections in the process. Numerous benefits are provided by these coatings, such as increased performance, lower maintenance costs, longer component lifespans, protection against corrosion, and a dedication to environmental sustainability.

The medical industry's growing need for cold gas spray coating is one of the main factors propelling the market's strong expansion. This increase is a result of the medical industry's strict demands for high-performance, biocompatible, and corrosion-resistant components. In order to achieve these requirements and guarantee the effectiveness, durability, and safety of implants and medical equipment, cold gas spray coatings play a crucial role. They enhance the effectiveness of essential medical components, reduce wear, and improve patient outcomes and care quality by offering corrosion resistance. In addition, their capacity to reduce friction in surgical tools and even include antimicrobial qualities helps with infection management, which is a vital medical problem. In this area, cold gas spray coatings are favoured due to their adherence to strict regulations and dedication to innovation. These coatings become a preferred option for the creation and upkeep of medical devices due to their potential for long-term cost-efficiency, which propels market expansion.

“High Pressure segment, by technology, to be dominating market from 2023 to 2030.”

High-pressure technology dominated the market in 2022, accounting for a sizeable revenue share of more than 54.7%. This is explained by the fact that it is widely used in a variety of industries, such as electronics, automotive, and aerospace, as a surface repair and coating solution. The principal use of this technology is to improve the efficiency and longevity of metallic components in many industries. High-pressure cold gas spray coating technology uses an axial injection of heated feedstock particles that are injected at up to 50 bar of pressure and 1100°C in temperature. Because of this, throughout the material build-up process, a greater rate of metal deposition is achieved while remarkably low levels of oxide and porosity are maintained.

“Transportation segment, by end user, to be dominating market from 2023 to 2030.”

In 2022, the transport industry emerged as the dominant player in the market, controlling a significant portion of over 43.9% of total revenue. The aerospace and automotive industries' growing requirement for cold gas spray coatings is directly responsible for this outstanding position. Because they can effectively cover and repair a variety of components, these coatings have become more and more popular. Among the notable benefits of cold gas spray coatings are their low porosity, strong bonding, and capacity to produce oxide-free coatings at low temperatures and solid state. These qualities make them incredibly suitable for application in the automotive industries. Currently, the automobile industries are the most well-known and quickly growing sectors that use cold gas spray coatings.

“North America to be largest and fastest growing region in Cold Gas Spray (CGS) Coating market.”

With 42.2% of the market's sales in 2022, North America commanded a commanding position in the industry. This dominance can be ascribed to advantageous government policies that promote the use of high-performance, lightweight components in the automobile sector, providing a powerful substitute for conventional alloys and metals. In the upcoming years, it is anticipated that these regulations would increase the need for cold gas spray coatings in the region. However, regional demand has faced difficulties due to the migration of manufacturing businesses, particularly in the electrical and electronics industry, to Asian nations recognised for cheaper labour costs, particularly China and India. This is especially true for non-automotive applications.

Cold Gas Spray (CGS) Coating Competitive Landscape

The competitive landscape of the Cold Gas Spray (CGS) Coating market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Cold Gas Spray (CGS) Coating technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Cold Gas Spray (CGS) Coating market is highly competitive, with numerous companies vying for market share. Prominent companies in the Cold Gas Spray (CGS) Coating Market include:

Plasma Giken Co., Ltd., ASB Industries, Inc., Praxair S.T. Technology, Inc., Bodycote plc, VRC Metal Systems, Flame Spray Technologies BV, CenterLine (Windsor) Limited, Curtiss-Wright Surface Technologies, WWG Engineering Pte. Ltd., Oerlikon Metco, Concurrent Technologies Corporation, Impact Innovations GmbH, Effusiontech Pty Ltd (SPEE3D), Polymet Corporation, Titomic Limited, Fujimi Incorporated, Metco, Inc., HVOF Systems, Inc., Advanced Thermal Spray Systems, Surftech Coatings, and others.

Recent Developments:

Oerlikon, a well-known international leader in surface engineering, additive manufacturing, and polymer processing, completed the acquisition of Riri in March 2023. This is a calculated strategic decision that will enable the company to dramatically increase the scope of its product offering, particularly in the area of coatings.

A leading force in the engineering and technology industry, EWI debuted its cutting-edge Cold Spray Research Centre in November 2022. The goal of this state-of-the-art facility is to fully use cold spray technology. Its main goal is to improve the functionality and effectiveness of current cold spray systems while also developing new cold spray coating materials and procedures.

The C.A.M.P Site cold spray system was introduced in July 2022 by VRC Metal Systems, a well-known provider of equipment for cold gas spray coatings. This cutting-edge, mobile technology offers a versatile and effective answer for on-site coating requirements. It is intended for use in isolated areas, such as offshore platforms and oil and gas rigs.