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Global Thermal Spray Coating Market: By Material: Ceramics, Metal and Alloys, Others; By Process: Flame Spraying, Arc Spraying, Plasma Spraying, Others; By End Use Industry; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Thermal Spray Coating Market Outlook
The global thermal spray coating market stood at a value of around USD 8.97 billion in 2021. The market is further expected to grow at a CAGR of 6.06% in the forecast period of 2022-2027 to attain a value of USD 12.75 billion by 2027.
Increased Demand for Ceramics to Spearhead the Global Market for Thermal Spray Coating
Based on material, the ceramics segment is predicted to hold a healthy market share in the thermal spray coating industry. This growth can be attributed to the heightened availability of ceramics and their cost-effectiveness. In addition, the increased demand for ceramic coatings across end use industries such as aerospace, automobile, and healthcare, among others, is also expected to add to the overall market growth.
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Meanwhile, in terms of process, the plasma spraying segment is projected to aid the market in the forecast period, owing to its ability to spray a range of materials including ceramics and metals. These factors are expected to contribute to the overall industry growth in the forecast period.
North America to Offer Lucrative Growth Opportunities to the Global Thermal Spray Coating Industry
North America is estimated to occupy a considerable share of the thermal spray coating industry in the forecast period. This growth can be attributed to the presence of several manufacturing companies in the region. Additionally, the growing investments in the aerospace industry are projected to aid the market growth in the forecast period. Moreover, the rapid expansion of the automobile industry and the growing production activities in the industry are predicted to positively impact the industry growth in the coming years. Meanwhile, the Asia Pacific is also anticipated to observe a significant growth in the coming years, especially in growing economies such as India and China.
Thermal Spray Coating: Industry Definition and Segmentation
Thermal spray coating is the process in which metallic, ceramic, and other materials are used in the form of wire, powder, or rod to be fed into a torch or a gun, which helps to heat them above their melting point. The resultant molten droplets of material are accelerated in a gas stream towards the surface that is to be coated. These droplets, then, adhere to the surface and solidify, helping to improve or repair the surface of a solid structure. The thermal spray processes allow the utilisation of a wide variety of materials to make a coating. In addition, thermal spraying is also used to provide electrical conductivity, chemical resistance, and high or low friction, among others.
By material, the market is distributed into:
- Ceramics
- Metal and Alloys
- Others
On the basis of process, the market can be divided into:
- Flame Spraying
- Arc Spraying
- Plasma Spraying
- High-Velocity Oxygen Fuel (HVOF)
- Others
Based on end use industry, the market can be segmented into:
- Automotive
- Aerospace
- Industrial
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increased Demand in the Automotive Industry to Drive the Global Thermal Spray Coating Industry
In 2020, the global outbreak of the COVID-19 pandemic resulted in the closure of manufacturing facilities across industry verticals. This adversely impacted the market growth in the same year. However, looking forward, the growing product demand in the automotive industry is predicted to aid the market growth in the forecast period. The process of thermal spray coating is increasingly deployed to coat cylinder rings, crankshafts, brake discs, exhaust pipes, and shifters, among others. With the growing demand for reliable, durable, and premium automobiles, the manufacturers are increasingly utilising thermal spray coatings to help enhance the life span of automotive parts. In addition, the rising investments in the aerospace industry worldwide are also predicted to provide lucrative growth opportunities in the coming years. Furthermore, thermal spray coatings are also used to coat medical implants to enhance the surface of a material. These factors are estimated to positively impact the industry growth in the forecast period.
Key Industry Players in the Global Thermal Spray Coating Market
The report gives a detailed analysis of the following key players in the global thermal spray coating market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Dupont De Nemours, Inc.
- 3M Company
- A&A Company, Inc.
- Morgan Advanced Materials PLC
- CoorsTek, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material, Process, End Use Industry, Region |
| Breakup by Material | Ceramics, Metal and Alloys, Others |
| Breakup by Process | Flame Spraying, Arc Spraying, Plasma Spraying, Plasma Spraying, Others |
| Breakup by End Use Industry | Automotive, Aerospace, Industrial, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Dupont De Nemours, Inc., 3M Company, A&A Company, Inc., Morgan Advanced Materials PLC, CoorsTek, Inc.,Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Thermal Spray Coating Market Analysis
8.1 Key Industry Highlights
8.2 Global Thermal Spray Coating Historical Market (2017-2021)
8.3 Global Thermal Spray Coating Market Forecast (2022-2027)
8.4 Global Thermal Spray Coating Market by Material
8.4.1 Ceramics
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Metal and Alloys
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Others
8.5 Global Thermal Spray Coating Market by Process
8.5.1 Flame Spraying
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Arc Spraying
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Plasma Spraying
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 High-Velocity Oxygen Fuel (HVOF)
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Global Thermal Spray Coating Market by End Use Industry
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Aerospace
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Industrial
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Thermal Spray Coating Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Dupont De Nemours, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 3M Company
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 A&A Company, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Morgan Advanced Materials PLC
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 CoorsTek, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Thermal Spray Coating Market: Key Industry Highlights, 2017 and 2027
2. Global Thermal Spray Coating Historical Market: Breakup by Material (USD Billion), 2017-2021
3. Global Thermal Spray Coating Market Forecast: Breakup by Material (USD Billion), 2022-2027
4. Global Thermal Spray Coating Historical Market: Breakup by Process (USD Billion), 2017-2021
5. Global Thermal Spray Coating Market Forecast: Breakup by Process (USD Billion), 2022-2027
6. Global Thermal Spray Coating Historical Market: Breakup by End-Use Industry (USD Billion), 2017-2021
7. Global Thermal Spray Coating Market Forecast: Breakup by End-Use Industry (USD Billion), 2022-2027
8. Global Thermal Spray Coating Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Thermal Spray Coating Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Thermal Spray Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Thermal Spray Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Thermal Spray Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Thermal Spray Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Thermal Spray Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Thermal Spray Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Thermal Spray Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Thermal Spray Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Thermal Spray Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Thermal Spray Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Thermal Spray Coating Market Structure
Key Questions Answered in the Report
In 2021, the global thermal spray coating market attained a value of nearly USD 8.97 billion.
The market is projected to grow at a CAGR of 6.06% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach a value of USD 12.75 billion by 2027.
The major drivers of the industry, such as the growing demand in end use industries, growing investments in the automotive sector, increased government investments in the development and expansion of the aerospace industry, growing healthcare industry, and the rising investments by the leading market players to improve the thermal spraying process, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing demand in the automotive industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant materials considered within the market report include ceramics, metal and alloys, and others.
The major processes include flame spraying, arc spraying, plasma spraying, high-velocity oxygen fuel (HVOF), and others.
The major end user industries considered within the market report include automotive, aerospace, industrial, and others.
The major players in the industry are Dupont De Nemours, Inc., 3M Company, A&A Company, Inc., Morgan Advanced Materials PLC, CoorsTek, Inc., and others.
Analyst Review
The global thermal spray coating market attained a value of USD 8.97 billion in 2021, driven by the growing demand in major end use industries. Aided by the increasing demand in the automotive industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.06%. The market is projected to reach USD 12.75 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of material, the market can be distributed into ceramics, metal and alloys, and others. By process, the industry can be segmented into flame spraying, arc spraying, plasma spraying, high-velocity oxygen fuel (HVOF), and others. Based on end user industry, the market can be categorised into automotive, aerospace, industrial, and others. The major regional markets for thermal spray coating are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Dupont De Nemours, Inc., 3M Company, A&A Company, Inc., Morgan Advanced Materials PLC, CoorsTek, Inc., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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