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Thermal Spray Coating Market Size is Expected to Reach US$ 16.4 Billion by 2032 | CAGR: 5.8%

The global market is primarily driven by a substantial increase in the adoption of heavy machines by various industries.
Published 09 December 2023

IMARC Group's report titled “Thermal Spray Coating Market Report by Product (Metals, Ceramics, Intermetallics, Polymers, Carbides, Abradables, and Others), Technology (Cold, Flame, Plasma, High-Velocity Oxy-Fuel (HVOF), Electric Arc, and Others), Application (Aerospace, Industrial Gas Turbine, Automotive, Medical, Printing, Oil and Gas, Steel, Pulp and Paper, and Others), and Region 2024-2032“. The global thermal spray coating market size reached US$ 9.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.

Thermal spray coating is a specialized process used to apply coatings onto surfaces to enhance their properties such as wear resistance, thermal insulation, and corrosion protection. This technology employs a heat source to melt the coating material, typically in the form of powder or wire, which is then sprayed onto the substrate surface to form a layered coating. This method is commonly employed in various industrial settings like aerospace, automotive, oil and gas, and manufacturing. Notably, thermal spray coating serves as an essential solution for prolonging the lifespan of machinery parts, reducing maintenance costs, and improving overall operational efficiency.

For an in-depth analysis, you can refer sample copy of the report:

Thermal Spray Coating Market Trends and Drivers:

The global thermal spray coating market is experiencing robust growth, driven by a multitude of factors. One primary driver is the rapid industrialization across various sectors such as aerospace, automotive, and energy. These industries demand high-performance materials that can withstand extreme conditions like high temperatures and corrosive environments. Thermal spray coatings meet these requirements effectively, thereby increasing their adoption rate. Additionally, advancements in coating technologies are continually offering enhanced properties, such as better adhesion and higher density, which further strengthens the market's growth trajectory. Besides, the market is increasing focus on sustainability and environmental conservation. The development of eco-friendly thermal spray coating materials with reduced volatile organic compounds (VOCs) has gained considerable attention. This push towards sustainability not only caters to stringent environmental regulations but also offers companies a competitive edge in the market. Furthermore, as the awareness regarding the long-term benefits of using high-quality coatings for asset longevity and maintenance savings rises, the global thermal spray coating market is poised for sustained growth. Overall, the market is driven by a combination of technological advancements and a growing emphasis on sustainability and efficiency.

Thermal Spray Coating Market 2024-2032 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Air Products and Chemicals Inc.
  • American Roller Company LLC
  • Durum Verschleissschutz GmbH
  • Lincotek Rubbiano S.p.A
  • Metallizing Equipment Co. Pvt. Ltd.
  • Montreal Carbide Co. Ltd.
  • Powder Alloy Corporation
  • Praxair Surface Technologies Inc. (Linde plc)
  • Progressive Surface Inc.
  • Wall Colmonoy Corporation.

The report has segmented the market on the basis of Product, Technology, Application and Region.

Breakup by Product:

  • Metals
  • Ceramics
  • Intermetallics
  • Polymers
  • Carbides
  • Abradables
  • Others

Breakup by Technology:

  • Cold
  • Flame
  • Plasma
  • High-Velocity Oxy-Fuel (HVOF)
  • Electric Arc
  • Others

Breakup by Application:

  • Aerospace
  • Industrial Gas Turbine
  • Automotive
  • Medical
  • Printing
  • Oil and Gas
  • Steel
  • Pulp and Paper
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Ask Analyst for Sample Report:

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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