Thermal Spray Coatings Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Thermal Spray Coatings Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Thermal Spray Coatings Market

The thermal spray coatings market size was valued at USD 10.23 billion in 2019, and the market is now projected to be USD 17.63 billion by 2027, exhibiting a CAGR of 7.8% during the forecast period of 2024-2032.

The COVID-19 pandemic created barriers for the thermal spray coatings market growth. The disrupted supply chain has halted the manufacturing sectors. The lack of availability of raw materials has caused difficulty for various industries which has hindered the market growth. The reduced investment and issue of cash flow were major hurdles for the maintaining demand-supply system. Conversely, the implementation of the thermal spray method has slightly lessened the economic loss for making medical devices.

The thermal spray coatings market share globally has increased because of the growing inclination for the product over chrome plating. The oxidation, corrosion protection, tar, and dimensional reclamation properties are making it a preferred choice for chrome plating. The increasing environmental concerns and strict regulation imposed on disposal of chrome-plating process and its by-products and high costs are pushing demand for the thermal coating products as an alternative solution and consequently fuelling the market growth.

The market trend is increasing utilization of the thermal spray coatings in the medical area is propelling the market growth. The spraying process is widely used on devices for instant biological binding, surface roughening, and resemblance in chemical composition for preparing materials. It has advantages such as oxidation resistance and is biocompatible with better implant dentures and it is extensively used as a bioceramic coating.

Comprehensive Analysis of Thermal Spray Coatings Market

The thermal spray coatings market and chemicals & advanced materials industry is growing at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional evaluation considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by material, technology, and application. The materials comprise metal & alloy, ceramic, intermetallic, polymer, and others. The technologies involve flame, high-velocity oxygen fuel (HVOF), electric arc, plasma, cold, and other sprays. The applications are industrial gas turbine, automotive, aerospace, medical, paper & printing, oil & gas, steel, and others.

The North American region is conducive to the global thermal spray coatings market, leading to a recall of USD 3,217.6 million because of the expanding range of usages for instance engineering coating, wear-resistant coating, food processing, and energy fields are boosting demand for the product and propelling the market growth.

The top players in the market play a vital role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include Oerlikon Metco (Switzerland), Praxair S.T. Technology, Inc. (U.S.), Bodycote (UK), Surface Technology UK (UK), H.C. Starck GmbH (Germany), F.W. Gartner Thermal Spraying (U.S.), Höganäs AB (Sweden), Metallisation Limited (UK), Flame Spray SpA (Italy), BryCoat Inc. (U.S.), Carpenter Technology Corporation (U.S.), A&A Thermal Spray Coatings (U.S.), ASB Industries, Inc. (U.S.), Polymet Corporation (U.S.), TST Coatings Inc. (U.S.), and other key companies, these market players provide a level-playing competitive landscape.

In July 2019, Oerlikon Metco announced that it has signed an agreement to acquire AMT AG, a Swiss company that designs and constructs integrated thermal spray coating systems and the aim of this acquisition is in line with Oerlikon's strategy to concentrate and broaden its surface solution technologies and at the same time as growing consumer accessibility for business applications and services.

Segmentation Table

Global Thermal Spray Coatings Market Scope

ATTRIBUTE DETAILS

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD Billion)

Segmentation Material; Technology; Application; and Geography

By Material

Ceramic

Metal & Alloy

Polymer

Intermetallic

Others

By Technology

Flame Spray

High-Velocity Oxygen Fuel (HVOF) Spray

Electric Arc Spray

Plasma Spray

Cold Spray

Others

By Application

Aerospace

Industrial Gas Turbine

Automotive

Medical

Paper & Printing

Oil & Gas

Steel

Others

By Geography

North America (By Material, By Technology, By Application and By Country)

The U.S. (By Application)

Canada (By Application)

Europe By Material, By Technology, By Application and By Country

Germany (By Application)

UK (By Application)

France (By Application)

Italy (By Application)

Spain (By Application)

Russia & CIS (By Application)

Rest of Europe (By Application)

Asia Pacific By Material, By Technology, By Application and By Country

China (By Application)

India (By Application)

Japan (By Application)

South Korea (By Application)

ASEAN (By Application)

Rest of Asia Pacific (By Application)

Latin America By Material, By Technology, By Application and By Country

Brazil (By Application)

Mexico (By Application)

Argentina (By Application)

Rest of Latin America (By Application)

The Middle East & Africa By Material, By Technology, By Application and By Country

GCC (By Application)

The Middle East (By Application)

Africa (By Application)

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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Industry SWOT Analysis
4.3. Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Material Launches, and Mergers & Acquisitions
5. Qualitative Insights – Impact of COVID-19 on Global Thermal Spray Coatings Market
5.1. Supply Chain Challenges
5.2. Steps were taken by Government/Companies to overcome this impact
5.3. Potential opportunities due to COVID-19 outbreak
6. Global Thermal Spray Coatings Market Analysis, Insights and Forecast, 2016-2027
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Material (Value)
6.2.1.1. Ceramic
6.2.1.2. Metal & Alloy
6.2.1.3. Polymer
6.2.1.4. Intermetallic
6.2.1.5. Others
6.2.2. By Technology (Value)
6.2.2.1. Flame Spray
6.2.2.2. High-Velocity Oxygen Fuel (HVOF) Spray
6.2.2.3. Electric Arc Spray
6.2.2.4. Plasma Spray
6.2.2.5. Cold Spray
6.2.2.6. Others
6.2.3. By Application (Value)
6.2.3.1. Aerospace
6.2.3.2. Industrial Gas Turbine
6.2.3.3. Automotive
6.2.3.4. Medical
6.2.3.5. Paper & Printing
6.2.3.6. Oil & Gas
6.2.3.7. Steel
6.2.3.8. Others
6.2.4. By Region (Value)
6.2.4.1. North America
6.2.4.2. Europe
6.2.4.3. Asia Pacific
6.2.4.4. Latin America
6.2.4.5. Middle East & Africa
7. North America Thermal Spray Coatings Market Analysis, Insights and Forecast, 2016-2027
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Material (Value)
7.2.1.1. Ceramic
7.2.1.2. Metal & Alloy
7.2.1.3. Polymer
7.2.1.4. Intermetallic
7.2.1.5. Others
7.2.2. By Technology (Value)
7.2.2.1. Flame Spray
7.2.2.2. High-Velocity Oxygen Fuel (HVOF) Spray
7.2.2.3. Electric Arc Spray
7.2.2.4. Plasma Spray
7.2.2.5. Cold Spray
7.2.2.6. Others
7.2.3. By Application (Value)
7.2.3.1. Aerospace
7.2.3.2. Industrial Gas Turbine
7.2.3.3. Automotive
7.2.3.4. Medical
7.2.3.5. Paper & Printing
7.2.3.6. Oil & Gas
7.2.3.7. Steel
7.2.3.8. Others
7.2.4. By Country (Value)
7.2.4.1. U.S.
7.2.4.1.1. By Application (Value)
7.2.4.1.1.1. Aerospace
7.2.4.1.1.2. Industrial Gas Turbine
7.2.4.1.1.3. Automotive
7.2.4.1.1.4. Medical
7.2.4.1.1.5. Paper & Printing
7.2.4.1.1.6. Oil & Gas
7.2.4.1.1.7. Steel
7.2.4.1.1.8. Others
7.2.4.2. Canada
7.2.4.2.1. By Application (Value)
7.2.4.2.1.1. Aerospace
7.2.4.2.1.2. Industrial Gas Turbine
7.2.4.2.1.3. Automotive
7.2.4.2.1.4. Medical
7.2.4.2.1.5. Paper & Printing
7.2.4.2.1.6. Oil & Gas
7.2.4.2.1.7. Steel
7.2.4.2.1.8. Others
8. Europe Thermal Spray Coatings Market Analysis, Insights and Forecast, 2016-2027
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Material (Value)
8.2.1.1. Ceramic
8.2.1.2. Metal & Alloy
8.2.1.3. Polymer
8.2.1.4. Intermetallic
8.2.1.5. Others
8.2.2. By Technology (Value)
8.2.2.1. Flame Spray
8.2.2.2. High-Velocity Oxygen Fuel (HVOF) Spray
8.2.2.3. Electric Arc Spray
8.2.2.4. Plasma Spray
8.2.2.5. Cold Spray
8.2.2.6. Others
8.2.3. By Application (Value)
8.2.3.1. Aerospace
8.2.3.2. Industrial Gas Turbine
8.2.3.3. Automotive
8.2.3.4. Medical
8.2.3.5. Paper & Printing
8.2.3.6. Oil & Gas
8.2.3.7. Steel
8.2.3.8. Others
8.2.4. By Country (Value)
8.2.4.1. Germany
8.2.4.1.1. By Application (Value)
8.2.4.1.1.1. Aerospace
8.2.4.1.1.2. Industrial Gas Turbine
8.2.4.1.1.3. Automotive
8.2.4.1.1.4. Medical
8.2.4.1.1.5. Paper & Printing
8.2.4.1.1.6. Oil & Gas
8.2.4.1.1.7. Steel
8.2.4.1.1.8. Others
8.2.4.2. UK
8.2.4.2.1. By Application (Value)
8.2.4.2.1.1. Aerospace
8.2.4.2.1.2. Industrial Gas Turbine
8.2.4.2.1.3. Automotive
8.2.4.2.1.4. Medical
8.2.4.2.1.5. Paper & Printing
8.2.4.2.1.6. Oil & Gas
8.2.4.2.1.7. Steel
8.2.4.2.1.8. Others
8.2.4.3. France
8.2.4.3.1. By Application (Value)
8.2.4.3.1.1. Aerospace
8.2.4.3.1.2. Industrial Gas Turbine
8.2.4.3.1.3. Automotive
8.2.4.3.1.4. Medical
8.2.4.3.1.5. Paper & Printing
8.2.4.3.1.6. Oil & Gas
8.2.4.3.1.7. Steel
8.2.4.3.1.8. Others
8.2.4.4. Italy
8.2.4.4.1. By Application (Value)
8.2.4.4.1.1. Aerospace
8.2.4.4.1.2. Industrial Gas Turbine
8.2.4.4.1.3. Automotive
8.2.4.4.1.4. Medical
8.2.4.4.1.5. Paper & Printing
8.2.4.4.1.6. Oil & Gas
8.2.4.4.1.7. Steel
8.2.4.4.1.8. Others
8.2.4.5. Spain
8.2.4.5.1. By Application (Value)
8.2.4.5.1.1. Aerospace
8.2.4.5.1.2. Industrial Gas Turbine
8.2.4.5.1.3. Automotive
8.2.4.5.1.4. Medical
8.2.4.5.1.5. Paper & Printing
8.2.4.5.1.6. Oil & Gas
8.2.4.5.1.7. Steel
8.2.4.5.1.8. Others
8.2.4.6. Russia & CIS
8.2.4.6.1. By Application (Value)
8.2.4.6.1.1. Aerospace
8.2.4.6.1.2. Industrial Gas Turbine
8.2.4.6.1.3. Automotive
8.2.4.6.1.4. Medical
8.2.4.6.1.5. Paper & Printing
8.2.4.6.1.6. Oil & Gas
8.2.4.6.1.7. Steel
8.2.4.6.1.8. Others
8.2.4.7. Rest of Europe
8.2.4.7.1. By Application (Value)
8.2.4.7.1.1. Aerospace
8.2.4.7.1.2. Industrial Gas Turbine
8.2.4.7.1.3. Automotive
8.2.4.7.1.4. Medical
8.2.4.7.1.5. Paper & Printing
8.2.4.7.1.6. Oil & Gas
8.2.4.7.1.7. Steel
8.2.4.7.1.8. Others
9. Asia-Pacific Thermal Spray Coatings Market Analysis, Insights and Forecast, 2016-2027
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Material (Value)
9.2.1.1. Ceramic
9.2.1.2. Metal & Alloy
9.2.1.3. Polymer
9.2.1.4. Intermetallic
9.2.1.5. Others
9.2.2. By Technology (Value)
9.2.2.1. Flame Spray
9.2.2.2. High-Velocity Oxygen Fuel (HVOF) Spray
9.2.2.3. Electric Arc Spray
9.2.2.4. Plasma Spray
9.2.2.5. Cold Spray
9.2.2.6. Others
9.2.3. By Application (Value)
9.2.3.1. Aerospace
9.2.3.2. Industrial Gas Turbine
9.2.3.3. Automotive
9.2.3.4. Medical
9.2.3.5. Paper & Printing
9.2.3.6. Oil & Gas
9.2.3.7. Steel
9.2.3.8. Others
9.2.4. By Country (Value)
9.2.4.1. China
9.2.4.1.1. By Application (Value)
9.2.4.1.1.1. Aerospace
9.2.4.1.1.2. Industrial Gas Turbine
9.2.4.1.1.3. Automotive
9.2.4.1.1.4. Medical
9.2.4.1.1.5. Paper & Printing
9.2.4.1.1.6. Oil & Gas
9.2.4.1.1.7. Steel
9.2.4.1.1.8. Others
9.2.4.2. Japan
9.2.4.2.1. By Application (Value)
9.2.4.2.1.1. Aerospace
9.2.4.2.1.2. Industrial Gas Turbine
9.2.4.2.1.3. Automotive
9.2.4.2.1.4. Medical
9.2.4.2.1.5. Paper & Printing
9.2.4.2.1.6. Oil & Gas
9.2.4.2.1.7. Steel
9.2.4.2.1.8. Others
9.2.4.3. India
9.2.4.3.1. By Application (Value)
9.2.4.3.1.1. Aerospace
9.2.4.3.1.2. Industrial Gas Turbine
9.2.4.3.1.3. Automotive
9.2.4.3.1.4. Medical
9.2.4.3.1.5. Paper & Printing
9.2.4.3.1.6. Oil & Gas
9.2.4.3.1.7. Steel
9.2.4.3.1.8. Others
9.2.4.4. South Korea
9.2.4.4.1. By Application (Value)
9.2.4.4.1.1. Aerospace
9.2.4.4.1.2. Industrial Gas Turbine
9.2.4.4.1.3. Automotive
9.2.4.4.1.4. Medical
9.2.4.4.1.5. Paper & Printing
9.2.4.4.1.6. Oil & Gas
9.2.4.4.1.7. Steel
9.2.4.4.1.8. Others
9.2.4.5. ASEAN
9.2.4.5.1. By Application (Value)
9.2.4.5.1.1. Aerospace
9.2.4.5.1.2. Industrial Gas Turbine
9.2.4.5.1.3. Automotive
9.2.4.5.1.4. Medical
9.2.4.5.1.5. Paper & Printing
9.2.4.5.1.6. Oil & Gas
9.2.4.5.1.7. Steel
9.2.4.5.1.8. Others
9.2.4.6. Rest of Asia Pacific
9.2.4.6.1. By Application (Value)
9.2.4.6.1.1. Aerospace
9.2.4.6.1.2. Industrial Gas Turbine
9.2.4.6.1.3. Automotive
9.2.4.6.1.4. Medical
9.2.4.6.1.5. Paper & Printing
9.2.4.6.1.6. Oil & Gas
9.2.4.6.1.7. Steel
9.2.4.6.1.8. Others
10. Latin America Thermal Spray Coatings Market Analysis, Insights and Forecast, 2016-2027
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Material (Value)
10.2.1.1. Ceramic
10.2.1.2. Metal & Alloy
10.2.1.3. Polymer
10.2.1.4. Intermetallic
10.2.1.5. Others
10.2.2. By Technology (Value)
10.2.2.1. Flame Spray
10.2.2.2. High-Velocity Oxygen Fuel (HVOF) Spray
10.2.2.3. Electric Arc Spray
10.2.2.4. Plasma Spray
10.2.2.5. Cold Spray
10.2.2.6. Others
10.2.3. By Application (Value)
10.2.3.1. Aerospace
10.2.3.2. Industrial Gas Turbine
10.2.3.3. Automotive
10.2.3.4. Medical
10.2.3.5. Paper & Printing
10.2.3.6. Oil & Gas
10.2.3.7. Steel
10.2.3.8. Others
10.2.4. By Country (Value)
10.2.4.1. Brazil
10.2.4.1.1. By Application (Value)
10.2.4.1.1.1. Aerospace
10.2.4.1.1.2. Industrial Gas Turbine
10.2.4.1.1.3. Automotive
10.2.4.1.1.4. Medical
10.2.4.1.1.5. Paper & Printing
10.2.4.1.1.6. Oil & Gas
10.2.4.1.1.7. Steel
10.2.4.1.1.8. Others
10.2.4.2. Mexico
10.2.4.2.1. By Application (Value)
10.2.4.2.1.1. Aerospace
10.2.4.2.1.2. Industrial Gas Turbine
10.2.4.2.1.3. Automotive
10.2.4.2.1.4. Medical
10.2.4.2.1.5. Paper & Printing
10.2.4.2.1.6. Oil & Gas
10.2.4.2.1.7. Steel
10.2.4.2.1.8. Others
10.2.4.3. Rest of Latin America
10.2.4.3.1. By Application (Value)
10.2.4.3.1.1. Aerospace
10.2.4.3.1.2. Industrial Gas Turbine
10.2.4.3.1.3. Automotive
10.2.4.3.1.4. Medical
10.2.4.3.1.5. Paper & Printing
10.2.4.3.1.6. Oil & Gas
10.2.4.3.1.7. Steel
10.2.4.3.1.8. Others
11. Middle East & Africa Thermal Spray Coatings Market Analysis, Insights and Forecast, 2016-2027
11.1. Key Findings / Summary
11.2. Market Size Estimates and Forecast
11.2.1. By Material (Value)
11.2.1.1. Ceramic
11.2.1.2. Metal & Alloy
11.2.1.3. Polymer
11.2.1.4. Intermetallic
11.2.1.5. Others
11.2.2. By Technology (Value)
11.2.2.1. Flame Spray
11.2.2.2. High-Velocity Oxygen Fuel (HVOF) Spray
11.2.2.3. Electric Arc Spray
11.2.2.4. Plasma Spray
11.2.2.5. Cold Spray
11.2.2.6. Others
11.2.3. By Application (Value)
11.2.3.1. Aerospace
11.2.3.2. Industrial Gas Turbine
11.2.3.3. Automotive
11.2.3.4. Medical
11.2.3.5. Paper & Printing
11.2.3.6. Oil & Gas
11.2.3.7. Steel
11.2.3.8. Others
11.2.4. By Country (Value)
11.2.4.1. GCC
11.2.4.1.1. By Application (Value)
11.2.4.1.1.1. Aerospace
11.2.4.1.1.2. Industrial Gas Turbine
11.2.4.1.1.3. Automotive
11.2.4.1.1.4. Medical
11.2.4.1.1.5. Paper & Printing
11.2.4.1.1.6. Oil & Gas
11.2.4.1.1.7. Steel
11.2.4.1.1.8. Others
11.2.4.2. South Africa
11.2.4.2.1. By Application (Value)
11.2.4.2.1.1. Aerospace
11.2.4.2.1.2. Industrial Gas Turbine
11.2.4.2.1.3. Automotive
11.2.4.2.1.4. Medical
11.2.4.2.1.5. Paper & Printing
11.2.4.2.1.6. Oil & Gas
11.2.4.2.1.7. Steel
11.2.4.2.1.8. Others
11.2.4.3. Rest of Middle East & Africa
11.2.4.3.1. By Application (Value)
11.2.4.3.1.1. Aerospace
11.2.4.3.1.2. Industrial Gas Turbine
11.2.4.3.1.3. Automotive
11.2.4.3.1.4. Medical
11.2.4.3.1.5. Paper & Printing
11.2.4.3.1.6. Oil & Gas
11.2.4.3.1.7. Steel
11.2.4.3.1.8. Others
12. Competitive Analysis
12.1. Business Strategies Adopted by Leading Players
12.2. Global Thermal Spray Coatings Market Revenue Share/Ranking Analysis, By Key Manufacturer
13. Company Profiles
13.1. Praxair S.T. Technology, Inc. (U.S.)
13.1.1. Overview
13.1.2. Description
13.1.3. Material Portfolio
13.1.4. Financials (As per Availability)
13.1.5. Recent Developments
13.2. Bodycote (UK)
13.2.1. Overview
13.2.2. Description
13.2.3. Material Portfolio
13.2.4. Financials (As per Availability)
13.2.5. Recent Developments
13.3. Oerlikon Metco (Switzerland)
13.3.1. Overview
13.3.2. Description
13.3.3. Material Portfolio
13.3.4. Financials (As per Availability)
13.3.5. Recent Developments
13.4. Surface Technology UK (UK)
13.4.1. Overview
13.4.2. Description
13.4.3. Material Portfolio
13.4.4. Financials (As per Availability)
13.4.5. Recent Developments
13.5. H.C. Starck GmbH (Germany)
13.5.1. Overview
13.5.2. Description
13.5.3. Material Portfolio
13.5.4. Financials (As per Availability)
13.5.5. Recent Developments
13.6. F.W. Gartner Thermal Spraying (U.S.)
13.6.1. Overview
13.6.2. Description
13.6.3. Material Portfolio
13.6.4. Financials (As per Availability)
13.6.5. Recent Developments
13.7. Höganäs AB (Sweden)
13.7.1. Overview
13.7.2. Description
13.7.3. Material Portfolio
13.7.4. Financials (As per Availability)
13.7.5. Recent Developments
13.8. Metallisation Limited (UK)
13.8.1. Overview
13.8.2. Description
13.8.3. Material Portfolio
13.8.4. Financials (As per Availability)
13.8.5. Recent Developments
13.9. Flame Spray SpA (Italy)
13.9.1. Overview
13.9.2. Description
13.9.3. Material Portfolio
13.9.4. Financials (As per Availability)
13.9.5. Recent Developments
13.10. BryCoat Inc. (U.S.)
13.10.1. Overview
13.10.2. Description
13.10.3. Material Portfolio
13.10.4. Financials (As per Availability)
13.10.5. Recent Developments
13.11. Carpenter Technology Corporation (U.S.)
13.11.1. Overview
13.11.2. Description
13.11.3. Material Portfolio
13.11.4. Financials (As per Availability)
13.11.5. Recent Developments
13.12. A&A Thermal Spray Coatings (U.S.)
13.12.1. Overview
13.12.2. Description
13.12.3. Material Portfolio
13.12.4. Financials (As per Availability)
13.12.5. Recent Developments
13.13. ASB Industries, Inc. (U.S.)
13.13.1. Overview
13.13.2. Description
13.13.3. Material Portfolio
13.13.4. Financials (As per Availability)
13.13.5. Recent Developments
13.14. Polymet Corporation (U.S.)
13.14.1. Overview
13.14.2. Description
13.14.3. Material Portfolio
13.14.4. Financials (As per Availability)
13.14.5. Recent Developments
13.15. TST Coatings Inc. (U.S.)
13.15.1. Overview
13.15.2. Description
13.15.3. Material Portfolio
13.15.4. Financials (As per Availability)
13.15.5. Recent Developments
13.16. Other Key Players
13.16.1. Overview
13.16.2. Description
13.16.3. Material Portfolio
13.16.4. Financials (As per Availability)
13.16.5. Recent Developments
14. Appendix

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