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Worldwide Thermal Spray Coatings Market (2019-2025): Projected to Record a CAGR of 6.7%, Driven by Increasing Demand from End-use Industries -

DUBLIN--(BUSINESS WIRE)--The "Thermal Spray Coatings Market Size, Share & Trends Analysis Report By Product, By Technology (Cold, Flame, Plasma, HVOF, Electric Arc), By Application, By Region, And Segment Forecasts, 2019 - 2025" report has been added to's offering.

The global thermal spray coatings market size is anticipated to reach USD 14.99 billion by 2025. It is expected to expand at a CAGR of 6.7% during the forecast period. Increasing demand from aerospace, industrial gas turbines, and a few other industries is expected to propel the growth.

Growing demand for corrosion resistant coatings from these industries is expected to be a key driver for market growth. Thermal spraying is used to improve or restore the surface of a solid material. This technological process can be used to apply coatings to a wide range of components and materials, to provide resistance to cavitation, wear, abrasion erosion, heat, and corrosion.

In addition, thermal spraying is used to provide insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and various other desirable properties to the coated surface. These coatings have high potential market opportunity on account of its properties such as biocompatibility, cavitation resistance, and aesthetic appeal making them ideally suited for various applications.

Growing oil and gas explorations, particularly in Asia Pacific coupled with upcoming shale gas explorations across the globe is expected to fuel demand over the forecast period. The thermal spray coatings market is characterized by the presence of stringent regulations in various regions including in Europe and North America. There are several regulations governing the market that define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates.

Medical is expected to be a lucrative application segment on account to increasing application scope of thermal spray coating particularly in the biomedical sector. They help extend shelf life and improve performance of dental and orthopedic implants. Advantages of using thermal spray coating in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement.

Automotive industry growth mainly in China, India, Malaysia, Indonesia, and Thailand is expected boost production capacities of coating manufacturing companies. Asia Pacific is expected to be the fastest growing market on account of increasing vehicle production along with rapid economic growth in China, India, Japan, Indonesia, South Korea, and Thailand.

Further key findings from the report suggest:

  • In terms of revenue, ceramics product segment is anticipated to reach USD 4.81 billion by 2025, growing at a CAGR of 7.2% from 2017 to 2025
  • Aerospace application segment dominated the market in terms of revenue, with a market share of over 32.30% in 2017, owing to the ability of thermal spray coating to provide wear and corrosion protection, low toxic gas emissions, thickness capability, and electrical resistance to the surface
  • The U.S. thermal spray coatings market is anticipated to exceed USD 3.04 billion by 2025 owing to the presence of various manufacturers and suppliers in the country
  • The market is competitive with the presence of a number of global, medium, and small scale companies catering to the global and local demand. The companies engage in mergers and acquisitions to expand their market reach and product portfolios
  • Some of the key companies include Praxair Surface Technologies, H.C. Starck Inc., Wall Colmonoy, Powder Alloy Corporation, Carpenter Technology Corporation, Montreal Carbide Co. Ltd., and Kennametal Stellite.

Topics Covered

Chapter 1 Methodology and Scope

1.1 Research Methodology

1.2 Research Scope and Assumptions

1.3 List to Data Sources

Chapter 2 Executive Summary

2.1 Market Summary

Chapter 3 Market Variables, Trends & Scope

3.1 Market Segmentation

3.2 Thermal Spray Coatings Market Dynamics

3.3 Value chain analysis

3.4 Market opportunity assessment

3.5 Market variables analysis

3.5.1 Market Driver Analysis Increasing demand for industrial gas turbines Increasing preference over hard chrome coatings Automotive industry growth in Asia Pacific

3.5.2 Market restraint Analysis Volatile raw material prices

3.6 Thermal spray coatings market: Porters five forces analysis

3.7 Thermal spray coatings market: PESTLE analysis

Chapter 4 Regulatory & political forces

4.1 List of regulations

4.2 List of regulations, by raw material

Chapter 5 Competitive and Vendor Landscape

5.1 Competitive Environment

5.2 Participant categorization

5.3 Strategic Initiatives & outcome analysis

5.4 List of key companies, by region

5.5 List of key companies, by technology/product

Chapter 6 Thermal Spray Coatings Market: Product Estimates & Trend Analysis

6.1 Thermal spray coatings market: Product movement analysis, 2017 & 2025

6.2 Metal

6.3 Ceramic

6.4 Intermetallic

6.5 Polymers

6.6 Carbides

6.7 Abradables

6.8 Others

Chapter 7 Thermal Spray Coatings Market: Technology Estimates & Trend Analysis

7.1 Thermal spray coatings market: Technology movement analysis, 2017 & 2025

7.2 Cold spray

7.3 Flame spray

7.4 Plasma spray

7.5 High Velocity Oxy Fuel (HVOF)

7.6 Electric arc spray

7.7 Others

Chapter 8 Thermal Spray Coatings Market: Application Estimates & Trend Analysis

8.1 Thermal spray coatings market: Product movement analysis, 2017 & 2025

8.2 Aerospace

8.3 Industrial gas turbines

8.4 Automotive

8.5 Medical

8.6 Printing

8.7 Oil & gas

8.8 Steel

8.9 Pulp & paper

8.10 Others

Chapter 9 Thermal Spray Coating: Regional Estimates & Trend Analysis

9.1 Thermal spray coating market: Regional movement analysis, 2017 & 2025

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Central & South America

9.6 Middle East & Africa

Chapter 10 Company Profiles

10.1 Praxair Surface Technologies

10.2 Hgans AB

10.3 H.C. Starck Inc.

10.4 Castolin Eutectic

10.5 Wall Colmonoy

10.6 Powder Alloy Corporation

10.7 Saint-Gobain S.A.

10.8 Carpenter Technology Corporation

10.9 Fujimi Incorporated

10.10 Durum Verschleiss-Schutz GmbH

10.11 Montreal Carbide Co. Ltd.

10.12 Kennametal Stellite

10.13 Oerlikon Metco

10.14 AMT AG

10.15 GTV Verschleischutz

10.16 Flame Spray Technologies

10.17 Medicoat AG

10.18 Progressive Surface, Inc.

10.19 TOCALO Co., Ltd.

10.20 American Roller Company

10.21 Bodycote plc

10.22 Turbocoating S.p.A.

10.23 MesoCoat Inc.

10.24 Wood Group PSN

10.25 F.W. Gartner Thermal Spraying

10.26 Vitta Corporation

10.27 Flame Spray Coating Co.

10.28 Polymet Corporation

10.29 Curtis-Wright Corporation

10.30 Metallisation Ltd.

10.31 TST Engineered Coating Solutions

10.32 Air Products & Chemicals

10.33 Metallizing Equipment Co. Pvt. Ltd

10.34 TWI Ltd.

10.35 Integrated Global Services

10.36 A&A Company, Inc.

10.37 Thermion

10.38 Precision Coatings, Inc.

10.39 ASB Industries Inc.

10.40 Cincinnati Thermal Spray, Inc.

10.41 Abler GmbH & Co. KG

10.42 Plasma Technology Incorporated

10.43 HFW Industries, Inc.

10.44 Racine Flame Spray Inc.

10.45 BryCoat Inc.

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» Publication Date: 25/02/2019

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This project has received funding from the European Union Seventh Framework Programme (FP7/2007-2013) under grant agreement n° [605658].

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