High demand of thermal spray coatings from end-user industries owing to excellent properties is driving the market growth. Booming aerospace, automotive, medical, marine and other end-use industries is expected to impact the market growth positively. Rising demand for protection of machinery, medical equipment, and tools to reduce maintenance cost is likely to boost market growth. Further, the growing demand of sustainable coatings from the automotive and aerospace sector is presumed to foster the market growth in forecasting period.
As per the latest report added by Value Market Research the Global Thermal Spray Coatings Market was valued USD 8.90 BN (by revenue) in 2017 and is anticipated to reach USD 13.83 BN by 2024 with a CAGR of 6.5%.
CERAMIC DOMINATED THE TYPE SEGMENT
In 2017, ceramic emerged as a leading segment by accounting for X.X% of the total market share. Rising demand of ceramic coatings from end users owing to its better chemical bonding and high efficiency to cover complex shapes at workstations is driving the segment growth.
BY APPLICATION, AEROSPACE DOMINATED THE SEGMENT
In 2017, aerospace led the segment and has accounted for around X.X% of the total market share. Growing aviation industry followed by rising investment in civil aviation within emerging countries is driving the segment growth. Also, extensive use of wear and corrosion resistant coatings in the aerospace domain is further fueling the segment growth.
NORTH AMERICA LED THE REGIONAL MARKET
North America dominated the geographical market and has accounted for 30% of the total market share in 2017. Owing to the expansion of the aviation industry followed by technological advancement in spraying technology is driving the regional market growth.
KEY PLAYERS OF THE MARKET
Abakan Inc., Air Products & Chemicals, ASB Industries, Inc., Bodycote plc, Flame Spray Coating Company, Metallisation Ltd., Oerlikon Group, Plasma-Tec, Inc., Praxair Surface Technologies, Sulzer Ltd, Surface Technology and TST Engineered Coating Solutions are the key vendors of the market.
As per this study the Global Thermal Spray Coatings Market was valued USD 8.90 BN (by revenue) in 2017 and is anticipated to reach USD 13.83 BN by 2024 with a CAGR of 6.5%.
Thermal spray coating is a process in which substrate is in molten or semi-molten form and placed by various devices such as spray gun or other equipment. Thermal spray coatings are typically applied to metal substrates, but can also be applied to some plastics. Basically, it is a technology which enhanced or restores the surface of a solid material. This process can be used to apply coatings to a wide range of materials to provide resistance to erosion, wear, cavitation, corrosion, abrasion or heat.
Objectives of the Study:
- Define and measure the global thermal spray coatings market
- Revenue forecast of the global thermal spray coatings market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
The growing need for improved machinery performance is the major factor fuelling the thermal spray coatings market growth. Moreover, rising adoption of advanced and highly specialized materials & products among creators to improve equipment productivity will raise the demand for thermal spray coating market. However, the volatile price of raw material is expected to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of thermal spray coatings.
The broad thermal spray coatings market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Industrial Gas Turbine
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for thermal spray coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Thermal Spray Coatings Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the thermal spray coatings market include A&A Company, Inc., Air Products & Chemicals, ASB Industries Inc., ASM International, Cincinnati Thermal Spray, Inc., Flame Spray Coating Co., Integrated Global Services, MesoCoat Inc. Coating, Metallisation, Metallizing Equipment Co. Pvt. Ltd, Praxair Surface Technologies, Precision Coatings, Inc., Thermion, TST Engineered Coating Solutions, and TWI Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Thermal Spray Coatings
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Thermal Spray Coatings Market: Snapshot
4. THERMAL SPRAY COATINGS MARKET ANALYSIS BY PRODUCT
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. THERMAL SPRAY COATINGS MARKET ANALYSIS BY APPLICATION
- Market In Metals
- Market In Ceramics
- Market In Intermetallic
- Market In Polymers
- Market In Others
6. THERMAL SPRAY COATINGS MARKET ANALYSIS BY GEOGRAPHY
- Market In Aerospace
- Market In Industrial Gas Turbine
- Market In Automotive
- Market In Others
7. COMPETITIVE LANDSCAPE OF THE THERMAL SPRAY COATINGS COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE THERMAL SPRAY COATINGS INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- A&A Company, Inc.
- Air Products & Chemicals
- ASB Industries Inc.
- ASM International
- Cincinnati Thermal Spray, Inc.
- Flame Spray Coating Co.
- Integrated Global Services
- MesoCoat Inc. Coating
- Metallizing Equipment Co. Pvt. Ltd
- Praxair Surface Technologies
- Precision Coatings, Inc.
- TST Engineered Coating Solutions
- TWI Ltd
Table 1. Market Highlights Of Thermal Spray Coatings
Table 2. Global Thermal Spray Coatings Market By Product
Table 3. Global Thermal Spray Coatings Market By Application
Table 4. Global Thermal Spray Coatings Market By Geography
Table 5. North America Thermal Spray Coatings Market
Table 6. Europe Thermal Spray Coatings Market
Table 7. Asia Pacific Thermal Spray Coatings Market
Table 8. Latin America Thermal Spray Coatings Market
Table 9. Middle East And Africa Thermal Spray Coatings Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Thermal Spray Coatings Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Thermal Spray Coatings
Fig. 5. Value Chain Analysis
Fig. 6. Porter’s Five Forces Analysis
Fig. 7. Global Thermal Spray Coatings Market By Product
Fig. 8. Global Thermal Spray Coatings Market By Application
Fig. 9. Global Thermal Spray Coatings Market By Geography
Fig. 10. North America Thermal Spray Coatings Market
Fig. 11. Europe Thermal Spray Coatings Market
Fig. 12. Asia Pacific Thermal Spray Coatings Market
Fig. 13. Latin America Thermal Spray Coatings Market
Fig. 14. Middle East And Africa Thermal Spray Coatings Market
Fig. 15. Market Share Of Thermal Spray Coatings Companies
Fig. 16. Recent Developments In Thermal Spray Coatings Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.