Global Thermal Spray Coatings Market 2024-2028

Global Thermal Spray Coatings Market 2024-2028


The thermal spray coatings market is forecasted to grow by USD 6.09 bn during 2023-2028, accelerating at a CAGR of 6.11% during the forecast period. The report on the thermal spray coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for thermal spray coatings in healthcare industry, expansion of power generation plants, and rising demand for thermal spray coatings from automotive industry.

Technavio's thermal spray coatings market is segmented as below:

By Type
  • Combustion flame
  • Electrical flame
By Material
  • Metals and alloys
  • Ceramics
  • Polymers
  • Others
By Geography
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the increase in demand for advanced materials with improved surface properties as one of the prime reasons driving the thermal spray coatings market growth during the next few years. Also, adoption of thermal spray coatings in energy conservation components and growing application of thermal spray coatings in aerospace industry will lead to sizable demand in the market.

The report on the thermal spray coatings market covers the following areas:
  • Thermal spray coatings market sizing
  • Thermal spray coatings market forecast
  • Thermal spray coatings market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermal spray coatings market vendors that include APS Materials Inc., Bodycote Plc, Carpenter Technology Corp., CASTOLIN EUTECTIC, CenterLine Windsor Ltd., Compagnie de Saint Gobain, Curtiss Wright Corp., DURUM Wear Protection GmbH, Fisher Barton, GTV Wear Protection GmbH, Hannecard Group, Hoganas AB, Kennametal Inc., Lincotek Group S.p.A., Linde Plc, MORIMURA BROS. INC., OC Oerlikon Corp. AG, Thermion Inc., TOCALO Co. Ltd., Treibacher Industrie AG, and Wall Colmonoy. Also, the thermal spray coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Market Segmentation by Material
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global thermal spray coatings market 2018 - 2022
      • Table Historic Market Size – Data Table on global thermal spray coatings market 2018 - 2022 ($ million)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • Material Segment Analysis 2018 - 2022
      • Table Historic Market Size – Material Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Combustion flame - Market size and forecast 2023-2028
      • Table Chart on Combustion flame - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Combustion flame - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Combustion flame - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Combustion flame - Year-over-year growth 2023-2028 (%)
    • Electrical flame - Market size and forecast 2023-2028
      • Table Chart on Electrical flame - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Electrical flame - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Electrical flame - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Electrical flame - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Market Segmentation by Material
    • Market segments
      • Table Chart on Material - Market share 2023-2028 (%)
      • Table Data Table on Material - Market share 2023-2028 (%)
    • Comparison by Material
      • Table Chart on Comparison by Material
      • Table Data Table on Comparison by Material
    • Metals and alloys - Market size and forecast 2023-2028
      • Table Chart on Metals and alloys - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Metals and alloys - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Metals and alloys - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Metals and alloys - Year-over-year growth 2023-2028 (%)
    • Ceramics - Market size and forecast 2023-2028
      • Table Chart on Ceramics - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Ceramics - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Ceramics - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Ceramics - Year-over-year growth 2023-2028 (%)
    • Polymers - Market size and forecast 2023-2028
      • Table Chart on Polymers - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Polymers - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Polymers - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Polymers - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Material
      • Table Market opportunity by Material ($ million)
      • Table Data Table on Market opportunity by Material ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Canada - Market size and forecast 2023-2028
      • Table Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand for thermal spray coatings in healthcare industry
      • Expansion of power generation plants
    • Market challenges
      • Cost of equipment for thermal spray coatings
      • Stringent regulations for thermal spray coatings
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Increase in demand for advanced materials with improved surface properties
      • Adoption of thermal spray coatings in energy conservation components
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • APS Materials Inc.
      • Table APS Materials Inc. - Overview
      • Table APS Materials Inc. - Product / Service
      • Table APS Materials Inc. - Key offerings
    • Bodycote Plc
      • Table Bodycote Plc - Overview
      • Table Bodycote Plc - Business segments
      • Table Bodycote Plc - Key offerings
      • Table Bodycote Plc - Segment focus
    • CenterLine Windsor Ltd.
      • Table CenterLine Windsor Ltd. - Overview
      • Table CenterLine Windsor Ltd. - Product / Service
      • Table CenterLine Windsor Ltd. - Key offerings
    • Curtiss Wright Corp.
      • Table Curtiss Wright Corp. - Overview
      • Table Curtiss Wright Corp. - Business segments
      • Table Curtiss Wright Corp. - Key offerings
      • Table Curtiss Wright Corp. - Segment focus
    • Fisher Barton
      • Table Fisher Barton - Overview
      • Table Fisher Barton - Product / Service
      • Table Fisher Barton - Key offerings
    • Hannecard Group
      • Table Hannecard Group - Overview
      • Table Hannecard Group - Product / Service
      • Table Hannecard Group - Key offerings
    • Hoganas AB
      • Table Hoganas AB - Overview
      • Table Hoganas AB - Product / Service
      • Table Hoganas AB - Key news
      • Table Hoganas AB - Key offerings
    • Lincotek Group S.p.A.
      • Table Lincotek Group S.p.A. - Overview
      • Table Lincotek Group S.p.A. - Product / Service
      • Table Lincotek Group S.p.A. - Key offerings
    • Linde Plc
      • Table Linde Plc - Overview
      • Table Linde Plc - Business segments
      • Table Linde Plc - Key news
      • Table Linde Plc - Key offerings
      • Table Linde Plc - Segment focus
    • MORIMURA BROS. INC.
      • Table MORIMURA BROS. INC. - Overview
      • Table MORIMURA BROS. INC. - Product / Service
      • Table MORIMURA BROS. INC. - Key offerings
    • OC Oerlikon Corp. AG
      • Table OC Oerlikon Corp. AG - Overview
      • Table OC Oerlikon Corp. AG - Business segments
      • Table OC Oerlikon Corp. AG - Key offerings
      • Table OC Oerlikon Corp. AG - Segment focus
    • Thermion Inc.
      • Table Thermion Inc. - Overview
      • Table Thermion Inc. - Product / Service
      • Table Thermion Inc. - Key offerings
    • TOCALO Co. Ltd.
      • Table TOCALO Co. Ltd. - Overview
      • Table TOCALO Co. Ltd. - Product / Service
      • Table TOCALO Co. Ltd. - Key offerings
    • Treibacher Industrie AG
      • Table Treibacher Industrie AG - Overview
      • Table Treibacher Industrie AG - Product / Service
      • Table Treibacher Industrie AG - Key offerings
    • Wall Colmonoy
      • Table Wall Colmonoy - Overview
      • Table Wall Colmonoy - Product / Service
      • Table Wall Colmonoy - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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