Thermal Spray Coatings Market Share, Size, Trends, Industry Analysis Report, By Product (Flame Spray, Plasma Spray); By Material; By Application; By Region; Segment Forecast, 2023 - 2032

Thermal Spray Coatings Market Share, Size, Trends, Industry Analysis Report, By Product (Flame Spray, Plasma Spray); By Material; By Application; By Region; Segment Forecast, 2023 - 2032



The global thermal spray coatings market size is expected to reach USD 16.22 billion by 2032, according to a new study by Polaris Market Research. The report “Thermal Spray Coatings Market Share, Size, Trends, Industry Analysis Report, By Product (Flame Spray, Plasma Spray); By Material; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Thermal spray coating is a process in which a material is heated and sprayed onto a surface to create a protective or functional layer, improving properties like wear resistance, corrosion resistance, and more.

Thermal spray coatings, utilized in diverse industries like automotive, aerospace, and oil & gas, safeguard surfaces using materials like aluminum and steel. Market growth is fueled by factors such as the need for enhanced surface durability, widespread adoption of thermal ceramic spray coatings, and rising demand from the industrial gas turbine sector.

Increasing demand for high-performance coatings in various industries is driving the global market. The need for cost-effective repair solutions is also boosting demand for thermal spray coatings, which are often used to refurbish damaged parts. Ongoing improvements in materials science, manufacturing, and thermal spray coating processes, along with enhanced coatings, are key factors in the market's growth.

The global thermal spray coatings market was significantly impacted by COVID-19, with disruptions across industries. Demand dropped due to lockdowns, supply chain issues, and economic uncertainty. Some projects were delayed or canceled. However, the market showed resilience in healthcare. As economies recover, the market is expected to rebound, driven by deferred projects and the coatings' benefits like corrosion protection and wear resistance. Additionally, they may find new applications in a post-pandemic world focused on safety and efficiency.

Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective coronary stent devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for coronary stents throughout the forecast period.

Thermal Spray Coatings Market Report Highlights

The flames spray coatings segment held the largest revenue share in the thermal coatings market, the process of Flames spray coatings involves using a mixture of propellant gas and fuel gas to melt the coating material, which is then deposited onto the surface of the substrate. There are several reasons why flame spray coatings are a popular choice. Firstly, flame spraying is a well-established and widely used technique with a long history in industrial applications. Additionally, it is versatile and can accommodate a wide variety of coating materials, including alloys, metals, polymers, and ceramics.

The metals & alloys segment accounted for the highest market share during the forecast period. These coatings span a variety of materials, comprising stainless steel, titanium, nickel, aluminum, and diverse alloys. They offer outstanding corrosion resistance, impressive strength, and favorable thermal properties, making them extensively employed in fields like automotive, aerospace, and energy.

North America dominated the market during the forecast period, The region's economic growth can be attributed to the strong demand for thermal spray coatings in diverse sectors like aerospace, automotive, and power generation. Additionally, the increasing adoption of environmentally friendly solutions to meet strict regulatory standards set by organizations like OSHA and EPA is a major catalyst for the expansion of the thermal spray coatings market in this region.

The Asia-Pacific region accounted for the fastest growth in the forecast period, the surging demand for thermal spray coatings in emerging economies like India, Japan, and China has played a pivotal role in the region's remarkable expansion. This surge is primarily attributed to the rising requirement for thermal spray coatings across a wide spectrum of industries, encompassing aerospace, automotive, and healthcare. Moreover, the rapid industrialization, urbanization, and ongoing infrastructural advancements in these nations are additional catalysts fueling the region's growth.

The global key market players include American Roller Company, LLC, H.C. Starck, Inc., Lincotek Surface Solutions, Oerlikon Balzers Coating USA, Powder Alloy Corp., Praxair Surface Technologies, Inc., Progressive Surface, Inc., Saint-Gobain S.A., Turbocoating Spa, and Wall Colmonoy Corp.

Polaris Market Research has segmented the thermal spray coatings market report based on type, material, application and region:

Thermal Spray Coatings, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Flame Spray

Plasma Spray

Thermal Spray Coatings, Material Outlook (Revenue - USD Billion, 2019 - 2032)

Metals & Alloys

Ceramics

Thermal Spray Coatings, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Automotive

Aerospace

Industrial Gas Turbine

Oil & Gas

Medical

Others

Thermal Spray Coatings, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Thermal Spray Coatings Market Insights
4.1. Thermal Spray Coatings Market – Application Snapshot
4.2. Thermal Spray Coatings Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing expansion of thermal spray coatings in the chemical sector will boost the Market Growth
4.2.1.2. Rising demand for corrosion and wear-resistant coatings
4.2.2. Restraints and Challenges
4.2.2.1. High initial cost affiliated with implementation and installation will hamper on the Market Growth
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Thermal Spray Coatings Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Thermal Spray Coatings Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
5.3. Flame Spray
5.3.1. Global Thermal Spray Coatings Market, by Flame Spray, by Region, 2019-2032 (USD Billion)
5.4. Plasma Spray
5.4.1. Global Thermal Spray Coatings Market, by Plasma Spray, by Region, 2019-2032 (USD Billion)
6. Global Thermal Spray Coatings Market, by Material
6.1. Key Findings
6.2. Introduction
6.2.1. Global Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
6.3. Metals & Alloys
6.3.1. Global Thermal Spray Coatings Market, by Metals & Alloys, by Region, 2019-2032 (USD Billion)
6.4. Ceramics
6.4.1. Global Thermal Spray Coatings Market, by Ceramics, by Region, 2019-2032 (USD Billion)
7. Global Thermal Spray Coatings Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
7.3. Automotive
7.3.1. Global Thermal Spray Coatings Market, by Automotive, By Region, 2019-2032 (USD Billion)
7.4. Aerospace
7.4.1. Global Thermal Spray Coatings Market, by Aerospace, By Region, 2019-2032 (USD Billion)
7.5. Industrial Gas Turbine
7.5.1. Global Thermal Spray Coatings Market, by Industrial Gas Turbine, By Region, 2019-2032 (USD Billion)
7.6. Oil & Gas
7.6.1. Global Thermal Spray Coatings Market, by Oil & Gas, By Region, 2019-2032 (USD Billion)
7.7. Medical
7.7.1. Global Thermal Spray Coatings Market, by Medical, By Region, 2019-2032 (USD Billion)
7.8. Others
7.8.1. Global Thermal Spray Coatings Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Thermal Spray Coatings Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Thermal Spray Coatings Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Thermal Spray Coatings Market – North America
8.3.1. North America: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.3.2. North America: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.3.3. North America: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.3.4. Thermal Spray Coatings Market – U.S.
8.3.4.1. U.S.: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.3.5. Thermal Spray Coatings Market – Canada
8.3.5.1. Canada: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.3.5.3. Canada: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4. Thermal Spray Coatings Market – Europe
8.4.1. Europe: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.2. Europe.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.3. Europe: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4.4. Thermal Spray Coatings Market – UK
8.4.4.1. UK: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.4.2. UK.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.4.3. UK: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4.5. Thermal Spray Coatings Market – France
8.4.5.1. France: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.5.2. France.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.5.3. France: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4.6. Thermal Spray Coatings Market – Germany
8.4.6.1. Germany: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.6.3. Germany: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4.7. Thermal Spray Coatings Market – Italy
8.4.7.1. Italy: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.7.3. Italy: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4.8. Thermal Spray Coatings Market – Spain
8.4.8.1. Spain: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.8.3. Spain: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4.9. Thermal Spray Coatings Market – Netherlands
8.4.9.1. Netherlands: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.4.10. Thermal Spray Coatings Market – Russia
8.4.10.1. Russia: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.4.10.3. Russia: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.5. Thermal Spray Coatings Market – Asia Pacific
8.5.1. Asia Pacific: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.5.4. Thermal Spray Coatings Market – China
8.5.4.1. China: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.5.4.2. China.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.5.4.3. China: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.5.5. Thermal Spray Coatings Market – India
8.5.5.1. India: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.5.5.2. India.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.5.5.3. India: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.5.6. Thermal Spray Coatings Market – Malaysia
8.5.6.1. Malaysia: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.5.7. Thermal Spray Coatings Market – Japan
8.5.7.1. Japan: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.5.7.3. Japan: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.5.8. Thermal Spray Coatings Market – Indonesia
8.5.8.1. Indonesia: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.5.9. Thermal Spray Coatings Market – South Korea
8.5.9.1. South Korea: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.6. Thermal Spray Coatings Market – Middle East & Africa
8.6.1. Middle East & Africa: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.6.4. Thermal Spray Coatings Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.6.5. Thermal Spray Coatings Market – UAE
8.6.5.1. UAE: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.6.5.3. UAE: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.6.6. Thermal Spray Coatings Market – Israel
8.6.6.1. Israel: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.6.6.3. Israel: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.6.7. Thermal Spray Coatings Market – South Africa
8.6.7.1. South Africa: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.7. Thermal Spray Coatings Market – Latin America
8.7.1. Latin America: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.7.2. Latin America.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.7.3. Latin America: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.7.4. Thermal Spray Coatings Market – Mexico
8.7.4.1. Mexico: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.7.5. Thermal Spray Coatings Market – Brazil
8.7.5.1. Brazil: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
8.7.6. Thermal Spray Coatings Market – Argentina
8.7.6.1. Argentina: Thermal Spray Coatings Market, by Type, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Thermal Spray Coatings Market, by Application, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Thermal Spray Coatings Market, by Material, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. American Roller Company, LLC
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. H.C. Starck, Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Lincotek Surface Solutions
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Oerlikon Balzers Coating USA
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Powder Alloy Corp.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Praxair Surface Technologies, Inc.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Progressive Surface, Inc.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Saint-Gobain S.A.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Turbocoating Spa
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Wall Colmonoy Corp.
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development

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