Global Thermal Spray Market Growth 2023-2029

Global Thermal Spray Market Growth 2023-2029

A thermal spray is a group of industrial processes where micrometer-size particles of molten or semi-molten materials are propelled on the surface of the desired substrate to form a protective or decorative coating, that bonds instantly with the substrate. Thermal spray coating provides various advantages to end-users, such as lower coating cost, improved engineering performance and increased component life.

LPI (LP Information)' newest research report, the “Thermal Spray Industry Forecast” looks at past sales and reviews total world Thermal Spray sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermal Spray sales for 2023 through 2029. With Thermal Spray sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Spray industry.

This Insight Report provides a comprehensive analysis of the global Thermal Spray landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermal Spray portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermal Spray market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Spray and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermal Spray.

The global Thermal Spray market size is projected to grow from US$ 14350 million in 2022 to US$ 22100 million in 2029; it is expected to grow at a CAGR of 22100 from 2023 to 2029.

One of the primary drivers for this market is the benefit associated with thermal spraying. Thermal spraying is a coating technique that uses a broad range of materials which can be applied to the surface of the desired object. Thermal spraying, along with addressing numerous industrial issues, also enhances the surface properties in a number of ways such as an anti-slip and self-lubricating surfaces. One of the key advantages of thermal spray is that the coating material can be of varied forms such as metal, ceramics, and cermet to fulfill the needs of any given application. Moreover, using thermal spray technology, replacement parts can be developed at a low cost and at a quicker rate.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Spray market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Thermal Spray Wires
Thermal Spray Powders
Others

Segmentation by application
Construction
Aerospace
Automotive
Oil & Gas
Electronics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zircotec
APS Materials
Accuwright Industries
Saint-Gobain

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermal Spray market?

What factors are driving Thermal Spray market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermal Spray market opportunities vary by end market size?

How does Thermal Spray break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.