Thermal Spray Coating Market Growth by Material, Process, End-Use Industry and Region-Forecast–2027 | 3M, APS Materials, CoorsTek, KCC, Linde Plc

Research Reports

Jan 18, 2022

PORTLAND, Oregon, January 17, 2022

As per the report published by Allied Market Research, “Thermal Spray Coating Market by Material (Ceramics, Metal & Alloys and Other), Process (Flame Spraying, Arc Spraying, Plasma Spraying, HVOF and Others) and End-Use Industry (Automotive, Aerospace, Industrial and Others): Opportunity Analysis and Industry Forecast, 2020–2027”. According to the report, the global thermal spray coating industry accounted for $7.96 billion in 2019 and is estimated to hit $13.5 billion by 2026, growing at a CAGR of 7.8% from 2019 to 2026. The study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.           

Thermal spray coating is a coating process in which heated powdered material is sprayed onto a surface. In thermal spray coating, the surface is heated by electrical techniques such as plasma or arc. Combustion flames are also used to coat the surface. Thermal spraying offers thick coatings and hence they are utilized increasingly in several applications such as automotive, aerospace, and heavy machinery industries.

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The global thermal spray coatings market is studied across Asia-Pacific, Europe, ALMEA, and North America. The Asia-Pacific region held the largest share in 2019, contributing to more than half of the market. Moreover, the region is also expected to register the highest CAGR of 6.3% during the forecast period.

The metal & alloys segment is expected to manifest the fastest CAGR of 8.4% during the forecast period, owing to rise demand for sprayed metals or alloys in processing industries such as the petrochemical and chemical industry. However, the ceramics segment held the largest share in 2019, accounting for nearly half of the global thermal spray coatings market. This is attributed to its beneficial characteristics such as cost-effectiveness, corrosion, thermal resistance, wear resistance, and others.

Rise in demand for automobiles, increase in aerospace application, and surge in usage of medical devices drive the growth of the global thermal spray coating market. However, issues regarding thermal spray process reliability and consistency and high energy costs for manufacturing technical ceramics hinder the market growth. On the other hand, advancement in filler plasma spray coating practices present new opportunities in the coming years.

The flame spraying segment dominated the market in 2019, contributing nearly three-fifths of the global thermal spray coatings market, owing to its cost-effectiveness and increase in use for corrosion protection and improve performance of surface. However, the plasma spraying segment is projected to portray the highest CAGR of 10.4% during the study period, due to rise in use of plasma spraying for metal coatings in several industries.

By Process

  1. Flame Spraying
  2. Arc Spraying
  3. Plasma Spraying
  4. High-velocity oxygen fuel (HVOF)
  5. Others

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Based on process, the global thermal spray coating market size is bifurcated into flame spraying, arc spraying, plasma spraying, HVOF and others. The flame spraying segment was the highest contributor to the market. Flame spraying process is cost effective and hence are increasingly used for corrosion protection and to enhance the performance of surface. Aluminum, zinc, stainless steel, bronze, low carbon steel, nickel-based materials, molybdenum are materials used in this process. The plasma spraying segment is estimated to grow with the highest CAGR during the forecast period.

Leading players of the global thermal spray coating market analyzed in the report include

  1. M, A&A Thermal Spray Coatings, Inc.
  2. APS Materials, Inc.
  3. CoorsTek, Inc.
  4. Dupont De Nemours, Inc.
  5. Integrated Global Services, Inc.
  6. KCC Corporation (KCC)
  7. Linde Plc
  8. Morgan Advanced Materials plc.

 Covid-19 Scenario:

  1. The covid-19 outbreak negatively impacted the thermal spray coatings industry. The prolonged lockdowns have impacted the manufacturing activities and led to supply chain disruptions. 
  2. The demand from the end-using industries including construction, automotive, and industrial sectors has declined as well. In addition, reduced labor, due to social distancing norms, amid the COVID-19 pandemic has further impacted the market.
  3. Nevertheless, the regulations are getting eased off and the industries are getting revitalized. With this, the thermal spray coating market is expected to recoup soon.

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Tags: North America, Japan, Singapore, Thermal Spray, coating, Thermal Spray Coating Market, Europe, Energy, United States, China, Thermal Spray Coating, korea, Flame Spraying, Plasma Spraying, Arc Spraying, Spray Coating, Asia Pecific See Campaign: https://www.alliedmarketresearch.com/thermal-spray-coatings-market
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