Reports
Global Thermal Spray Coatings Market Size, Share, Forecast: By Technology: Cold Spray, Flame Spray, Plasma Spray, HVOF, Electric Arc Spray, Others; By Product Type: Metals, Ceramics, Intermetallic, Polymers, Carbides, Abradable, Others; By Application: Aerospace, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Thermal Spray Coatings Market Outlook
The global thermal spray coatings market attained a value of nearly USD 11.85 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 5.1% to reach a value of about USD 18.58 billion by 2032.
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North America Accounts for a Significant Share in the Market Growth of Thermal Spray Coatings
North America is holding a significant share in the thermal spray coatings market on account of growing urbanisation and modernisation. The growth is further supported by increasing personal disposable incomes and rising demand from various end-use industries like aerospace and oil and gas.
There is a growing demand from power generation plants for industrial gas turbines that benefit from these coatings. A further rise in gas turbine demand is expected owing to the policy transition of the United States government towards replacing coal with natural gas for electricity generation.
Going further, the growing elderly population and advanced healthcare services in the United States are expected to fuel the market growth across the region. The demand from healthcare sector is driven by orthopaedic implants required in kneecap replacement surgery.
Market Segmentation
Thermal spraying is a standard type of coating process that applies a consumable material as a spray of fine droplets in molten or semi-molten form to create a coating. Thermal spray coatings are used in various industries. These coatings can include molten and wire powder that are then exposed to oxyfuel or plasma combustion. The spray device is used to power the heated mixture, and after the droplets have been sprayed onto desired material such as metal, the mixture typically retains a firm coating.
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The coatings are used in a broad spectrum of helpful applications. These include protecting buildings, airplanes, and other structures from environmental conditions such as rain and humidity, chemicals, and extreme temperatures.
By technology, the thermal spray coatings market is divided into:
- Cold Spray
- Flame Spray
- Plasma Spray
- HVOF
- Electric Arc Spray
- Others
Based on product type, the market is categorised into:
- Metals
- Ceramics
- Intermetallic
- Polymers
- Carbides
- Abradable
- Others
On the basis of application, the market is segmented into:
- Aerospace
- Industrial Gas Turbine
- Automotive
- Medical
- Printing
- Oil and Gas
- Steel
- Pulp and Paper
- Others
The EMR report looks into the regional markets like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
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Surging Demand from the Ceramic Segment to Propel the Growth of Thermal Spray Coatings Market
Based on product type, the ceramic segment is anticipated to register growth in the market over the coming years. This is on account of the surging demand for ceramic material owing to its cost efficiency and easy availability. There are several factors boosting the growth of the ceramic segment in the market across the globe. The growth in aerospace, healthcare, automotive, and other end-use industries, and the increasing use of ceramics biomedicine industry is likely to boost demand for ceramics.
On the basis of application, the aerospace segment is expected to drive the market growth across the globe during the forecast period. This can be attributed to the robust growth in the aerospace industry coupled with the surging demand for corrosion-resistant coatings. Moreover, growing industrialisation and rising government support for the automotive manufacturing industry are further expected to propel the growth of the market globally.
Key Players in the Global Market for Thermal Spray Coatings
The report presents a detailed analysis of the following key players in the global market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Praxair S.T. Technology, Inc.
- Hayden Corp
- Flame Spray Coating Company
- CUMI EMD.
- Metatech Thermal Spray Pvt. Ltd.
- Kennametal Inc.
- Alloy Thermal Spray Pvt. Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Thermal Spray Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Thermal Spray Coatings Historical Market (2018-2023)
8.3 Global Thermal Spray Coatings Market Forecast (2024-2032)
8.4 Global Thermal Spray Coatings Market by Technology
8.4.1 Cold Spray
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Flame Spray
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plasma Spray
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 HVOF
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Electric Arc Spray
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Thermal Spray Coatings Market by Product Type
8.5.1 Metals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Ceramics
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Intermetallic
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Polymers
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Carbides
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Abradable
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Thermal Spray Coatings Market by Application
8.6.1 Aerospace
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Industrial Gas Turbine
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Automotive
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Medical
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Printing
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Oil and Gas
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Steel
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Pulp and Paper
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Others
8.7 Global Thermal Spray Coatings Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Thermal Spray Coatings Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Thermal Spray Coatings Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Thermal Spray Coatings Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Thermal Spray Coatings Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Thermal Spray Coatings Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Praxair S.T. Technology, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hayden Corp
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Flame Spray Coating Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 CUMI EMD.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Metatech Thermal Spray Pvt. Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Kennametal Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Alloy Thermal Spray Pvt. Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Thermal Spray Coatings Market: Key Industry Highlights, 2018 and 2032
2. Global Thermal Spray Coatings Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Thermal Spray Coatings Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Thermal Spray Coatings Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Thermal Spray Coatings Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Thermal Spray Coatings Historical Market: Breakup by Technology (USD Million), 2018-2023
7. Global Thermal Spray Coatings Market Forecast: Breakup by Technology (USD Million), 2024-2032
8. Global Thermal Spray Coatings Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Thermal Spray Coatings Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Thermal Spray Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Thermal Spray Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Thermal Spray Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Thermal Spray Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Thermal Spray Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Thermal Spray Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Thermal Spray Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Thermal Spray Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Thermal Spray Coatings Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Thermal Spray Coatings Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Thermal Spray Coatings Market Structure.
Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 11.85 billion.
The market is estimated to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 18.58 billion by 2032.
The major market drivers are robust growth in the aerospace and automotive industry and an increase in usage in the healthcare industry.
The key market trends include increasing demand for ceramics in various industries and growing industrialisation.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America currently holding the largest market share.
The various technologies in the market include cold spray, flame spray, plasma spray, HVOF, and electric arc spray, among others.
The various product types in the market include metals, ceramics, intermetallic, polymers, carbides, and abradable, among others.
The various applications in the market include aerospace, industrial gas turbine, automotive, medical, printing, oil and gas, steel, and pulp and paper, among others.
The major players in the market are Praxair S.T. Technology, Inc., Hayden Corp, Flame Spray Coating Company, CUMI EMD., Metatech Thermal Spray Pvt. Ltd., Kennametal Inc., and Alloy Thermal Spray Pvt. Ltd., among others.
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