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The global thermal spray coating industry is being driven by the rising demand for thermal spray coating solutions in the automotive sector. Thermal spray coating mechanisms are utilised to coat cylinder rings, brake discs, and exhaust pipes, among others, which helps to prolong the life of automotive parts. Moreover, the increased usage of thermal spray coating in the medical and healthcare sector is also anticipated to aid the market growth. Thermal spray coating solutions are applied on medical implants such as knee or hip implants, as they provide abrasion resistance, high temperature resistance, and other benefits. Furthermore, the heightened demand for thermal spray coating solutions in the oil and gas, and agriculture industries, wherein the machinery is exposed to high levels of heat and harsh conditions, is anticipated to support the market growth in the coming years.
AMETEK, Inc. (NYSE: AME) has developed a range of hard facing powder alloy metal powders through the use of advanced high-pressure water atomisation technology. These coatings offer good machinability, abrasion resistance, ductility, corrosion resistance, and high strength, among others. The growing demand for coating solutions in a variety of end use industries is propelling the key market players to develop innovative thermal spray coating solutions. For instance, DuPont de Nemours, Inc. (NYSE: DD) provides thermal spray coating solutions for electronic devices such as smartphones, PCs, and tablets, among others. These coatings enhance the performance and durability of electronic devices. These aspects are expected to positively impact the thermal spray coating industry growth in the forecast period.
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The major players in the global thermal spray coating market are Dupont De Nemours, Inc., 3M Company, A&A Company, Inc., Morgan Advanced Materials PLC, and CoorsTek, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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