DUBLIN--(BUSINESS WIRE)--The "Thermal Spray Coatings Market Size, Share & Trends Analysis Report By Product, By Technology (Cold, Flame, Plasma, HVOF, Electric Arc), By Application, By Region, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global thermal spray coatings market size is anticipated to reach USD 14.99 billion by 2025. It is expected to expand at a CAGR of 6.7% during the forecast period. Increasing demand from aerospace, industrial gas turbines, and a few other industries is expected to propel the growth.
Growing demand for corrosion resistant coatings from these industries is expected to be a key driver for market growth. Thermal spraying is used to improve or restore the surface of a solid material. This technological process can be used to apply coatings to a wide range of components and materials, to provide resistance to cavitation, wear, abrasion erosion, heat, and corrosion.
In addition, thermal spraying is used to provide insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and various other desirable properties to the coated surface. These coatings have high potential market opportunity on account of its properties such as biocompatibility, cavitation resistance, and aesthetic appeal making them ideally suited for various applications.
Growing oil and gas explorations, particularly in Asia Pacific coupled with upcoming shale gas explorations across the globe is expected to fuel demand over the forecast period. The thermal spray coatings market is characterized by the presence of stringent regulations in various regions including in Europe and North America. There are several regulations governing the market that define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates.
Medical is expected to be a lucrative application segment on account to increasing application scope of thermal spray coating particularly in the biomedical sector. They help extend shelf life and improve performance of dental and orthopedic implants. Advantages of using thermal spray coating in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement.
Automotive industry growth mainly in China, India, Malaysia, Indonesia, and Thailand is expected boost production capacities of coating manufacturing companies. Asia Pacific is expected to be the fastest growing market on account of increasing vehicle production along with rapid economic growth in China, India, Japan, Indonesia, South Korea, and Thailand.
Further key findings from the report suggest:
- In terms of revenue, ceramics product segment is anticipated to reach USD 4.81 billion by 2025, growing at a CAGR of 7.2% from 2017 to 2025
- Aerospace application segment dominated the market in terms of revenue, with a market share of over 32.30% in 2017, owing to the ability of thermal spray coating to provide wear and corrosion protection, low toxic gas emissions, thickness capability, and electrical resistance to the surface
- The U.S. thermal spray coatings market is anticipated to exceed USD 3.04 billion by 2025 owing to the presence of various manufacturers and suppliers in the country
- The market is competitive with the presence of a number of global, medium, and small scale companies catering to the global and local demand. The companies engage in mergers and acquisitions to expand their market reach and product portfolios
- Some of the key companies include Praxair Surface Technologies, H.C. Starck Inc., Wall Colmonoy, Powder Alloy Corporation, Carpenter Technology Corporation, Montreal Carbide Co. Ltd., and Kennametal Stellite.
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Thermal Spray Coatings Market Dynamics
3.3 Value chain analysis
3.4 Market opportunity assessment
3.5 Market variables analysis
3.5.1 Market Driver Analysis
184.108.40.206 Increasing demand for industrial gas turbines
220.127.116.11 Increasing preference over hard chrome coatings
18.104.22.168 Automotive industry growth in Asia Pacific
3.5.2 Market restraint Analysis
22.214.171.124 Volatile raw material prices
3.6 Thermal spray coatings market: Porters five forces analysis
3.7 Thermal spray coatings market: PESTLE analysis
Chapter 4 Regulatory & political forces
4.1 List of regulations
4.2 List of regulations, by raw material
Chapter 5 Competitive and Vendor Landscape
5.1 Competitive Environment
5.2 Participant categorization
5.3 Strategic Initiatives & outcome analysis
5.4 List of key companies, by region
5.5 List of key companies, by technology/product
Chapter 6 Thermal Spray Coatings Market: Product Estimates & Trend Analysis
6.1 Thermal spray coatings market: Product movement analysis, 2017 & 2025
Chapter 7 Thermal Spray Coatings Market: Technology Estimates & Trend Analysis
7.1 Thermal spray coatings market: Technology movement analysis, 2017 & 2025
7.2 Cold spray
7.3 Flame spray
7.4 Plasma spray
7.5 High Velocity Oxy Fuel (HVOF)
7.6 Electric arc spray
Chapter 8 Thermal Spray Coatings Market: Application Estimates & Trend Analysis
8.1 Thermal spray coatings market: Product movement analysis, 2017 & 2025
8.3 Industrial gas turbines
8.7 Oil & gas
8.9 Pulp & paper
Chapter 9 Thermal Spray Coating: Regional Estimates & Trend Analysis
9.1 Thermal spray coating market: Regional movement analysis, 2017 & 2025
9.2 North America
9.4 Asia Pacific
9.5 Central & South America
9.6 Middle East & Africa
Chapter 10 Company Profiles
10.1 Praxair Surface Technologies
10.2 Hgans AB
10.3 H.C. Starck Inc.
10.4 Castolin Eutectic
10.5 Wall Colmonoy
10.6 Powder Alloy Corporation
10.7 Saint-Gobain S.A.
10.8 Carpenter Technology Corporation
10.9 Fujimi Incorporated
10.10 Durum Verschleiss-Schutz GmbH
10.11 Montreal Carbide Co. Ltd.
10.12 Kennametal Stellite
10.13 Oerlikon Metco
10.14 AMT AG
10.15 GTV Verschleischutz
10.16 Flame Spray Technologies
10.17 Medicoat AG
10.18 Progressive Surface, Inc.
10.19 TOCALO Co., Ltd.
10.20 American Roller Company
10.21 Bodycote plc
10.22 Turbocoating S.p.A.
10.23 MesoCoat Inc.
10.24 Wood Group PSN
10.25 F.W. Gartner Thermal Spraying
10.26 Vitta Corporation
10.27 Flame Spray Coating Co.
10.28 Polymet Corporation
10.29 Curtis-Wright Corporation
10.30 Metallisation Ltd.
10.31 TST Engineered Coating Solutions
10.32 Air Products & Chemicals
10.33 Metallizing Equipment Co. Pvt. Ltd
10.34 TWI Ltd.
10.35 Integrated Global Services
10.36 A&A Company, Inc.
10.38 Precision Coatings, Inc.
10.39 ASB Industries Inc.
10.40 Cincinnati Thermal Spray, Inc.
10.41 Abler GmbH & Co. KG
10.42 Plasma Technology Incorporated
10.43 HFW Industries, Inc.
10.44 Racine Flame Spray Inc.
10.45 BryCoat Inc.
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