Rising demand for thermal coatings to improve fuel efficiency and performance of aircraft is a key factor driving market revenue growth
The global thermal spray coatings market size is expected to reach USD 21.96 Billion in 2030 and register a revenue CAGR of 7.3% during the forecast period, according to the latest report by Reports and Data. Increasing use of thermal spray coatings to enhance the durability of machine components, which reduces the maintenance cost is a key factor driving thermal spray coatings market revenue growth. Furthermore, increased use of thermal spray coatings in molding industry to protect mold lining from thermal fatigue is driving market revenue growth. Moreover, rising wastewater treatment activities around the world, as well as a growing emphasis on preventing corrosion of components such as valves, pipes, brass pump impellers, and cast-iron pump impellers, are fueling the thermal spray coatings demand.
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Top Leading Players in The Global Thermal Spray Coatings Market Are:
Praxair Surface Technologies, Inc., Bodycote plc, H.C. Starck GmbH, Arc-Spray (Pty) Ltd, C&M Technologies GmbH, AMETEK, Inc., BryCoat Inc., Montreal Carbide Co. Ltd., Powder Alloy Corporation, and John Wood Group plc.
The demand for thermal spray coatings is driven by several factors:
- Growing industrial applications: Thermal spray coatings find extensive use in industries such as aerospace, automotive, oil and gas, power generation, electronics, and healthcare. These coatings provide benefits such as enhanced corrosion resistance, improved wear resistance, thermal insulation, and increased surface hardness. With the growth of these industries, the demand for thermal spray coatings has also increased.
- Increasing focus on maintenance and repair: As industries strive to improve the lifespan and performance of their equipment and components, the demand for thermal spray coatings for maintenance and repair purposes has surged. These coatings can be applied to restore worn-out surfaces, improve dimensional restoration, and extend the service life of critical components, thereby reducing replacement costs.
- Advancements in coating materials and techniques: The development of new and improved coating materials and techniques has expanded the applications and performance capabilities of thermal spray coatings. Innovations in materials such as ceramics, metals, alloys, and composites have enabled the production of coatings with superior properties. Additionally, advancements in thermal spray techniques, such as high-velocity oxy-fuel (HVOF) and plasma spraying, have improved coating quality and efficiency.
- Focus on environmental sustainability: Thermal spray coatings offer environmental advantages compared to traditional coating methods. They can be applied without the use of harmful solvents or chemicals, reducing environmental pollution. Furthermore, thermal spray coatings enable the repair and reconditioning of components, reducing the need for new replacements and minimizing waste.
Segments covered in the report:
Materials Outlook (Revenue, USD Billion; 2018-2030)
- Ceramics
- Metals
- Alloys
- Intermetallic
- Polymers
- Others
Process Outlook (Revenue, USD Billion; 2018-2030)
- Combustion Flame Spraying
- Cold Spraying
- Plasma Spraying
- High-Velocity Oxy-Fuel (HVOF) Spraying
- Electric Arc Spraying
- Others
Application Outlook (Revenue, USD Billion; 2018-2030)
- Aerospace
- Healthcare
- Agricultural Machinery
- Automotive
- Electronics
- Energy & Power
- Others
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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