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Thermal Spray Coating Market by Material Type (Metals, Polymers, Ceramics, Carbides, and Others) By Process Type (Electrical, High-Velocity Oxy-Fuel (HVOF), Combustion Flame, Electric Arc, and Others), By Application (Medical Packaging, Polymer Heating, Engine Coatings, Pump Seal Coatings, Mold Lining, Wastewater Treatment Equipment, and Others), By End-Use Industry (Aerospace, Agriculture, Automotive, Energy & Power, Healthcare, Electronics, and Others) By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026

Covid-19

Global Thermal Spray Coating Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[205+ Pages Report] According to Facts and Factors, the global thermal spray coating market was valued at roughly USD 7,600 Million in 2020 and is predicted to create revenue of roughly USD 11,400 Million by the end of 2026, with a CAGR of roughly 7% between 2021 and 2026.

logoMarket Overview            

The method of coating surfaces by melting powder substrates into droplets and spraying them at high speeds is known as thermal spray coating. Zirconium oxide, aluminum bronze, and cobalt-molybdenum are some of the most widely utilized coatings. They are sprayed on several metal products that are made up of stainless steel, bronze, copper, ceramics, nickel alloys, molybdenum, and tungsten carbides, among other materials. Surfaces are protected against deterioration, wear and tear, abrasion, friction, and corrosion by the coatings, which establish stable bonds with them. Electrical conductivity, lubricity, chemical resistance, and desirable surface characteristics are all provided by them. As a result, this coating technology is widely used in various end-use industries, including, healthcare, aerospace, automotive, energy, and food and beverage.

logoIndustry Growth Factors

One of the major reasons driving the market's positive growth is the significant expansion in the chemical sector, which is accompanied by rising demand for high-performance industrial-grade coatings. Pumps, valves, machinery, turbine blades, and other industrial equipment all have these coatings on their surfaces to improve their operating efficiency, quality, and dependability. Coatings are also used on several parts such as piston rings, cylinder rings, brake discs, exhaust pipes, crankshafts, and shifters in the automobile industry that help to increase performance and fuel economy. Furthermore, a shift in consumer preference from chrome plating and to thermal spray coatings is propelling market expansion. Also with growing awareness of environmental issues, customers are increasingly opting for thermal spray coatings that are more fatigue resistant and leave little residue after processing. The market is also growing owing to the development of flame-based and reactive spray deposition methods for low-temperature solid oxide fuel cell, plasma, and laser deposition coatings. Other factors, including growing consumer spending power and significant research and development (R&D) efforts, are expected to propel the market growth in the forecasted period.

Thermal Spray Coating Market

logoSegmentation Analysis

The global thermal spray coating industry is segmented on the basis of process type, material type, end-use, application, and region.

The metals, polymers, ceramics, carbides, and others are included under the material type segment of the global thermal spray coating industry. The global thermal spray coating market can be divided into electrical, high-velocity oxy-fuel (HVOF), combustion flame, electric arc, and others based on the process type. Based on application, the global thermal spray coating industry is categorized into medical packaging, polymer heating, engine coatings, pump seal coatings, mold lining, wastewater treatment equipment, and others. Aerospace, agriculture, automotive, energy & power, healthcare, electronics, and others are the end-use industry segment of the global thermal spray coating market.

logoThermal Spray Coating Market: Report Scope

Report Attribute

Details

Market Size in 2020

USD 7,600 Million

Projected Market Size in 2026

USD 11,400 Million

CAGR Growth Rate

7%

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Praxair Surface Technologies, Inc, Lincotek Surface Solutions, BodyCote, American Roller Company, LLC, OerlikonMetco and Others

Key Segments

Material Type, Process Type, Application, End-Use Industry, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

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logo Regional Analysis

The market for thermal spray coatings is dominated by North America owing to the increased urbanization and industrialization, rising consumer disposable income, and rising demand from different end-use sectors, such as aerospace, are all contributing to the growth of the industry. This industry is also projected to surge due to the cheap availability of raw materials in the area. The United States is expected to be the region's greatest contributor to the thermal spray coatings industry. The presence of top manufacturers of this industry has significantly contributed to the rising demand for the market.

During the projected period, the Asia Pacific area is predicted to have the greatest CAGR because of the increasing demand from the automobile industry Furthermore, increasing industrialization in emerging nations, as well as demand for thermal spray coating from the oil and gas, steel, and pulp and paper industries, are projected to boost the target market's growth in this area.

logo Covid-19 Impact Analysis

During the COVID-19 epidemic, the thermal spray coatings industry saw a drop in its business owing to a significant drop in the end-use industries such as construction, automotive, and industrial sectors where these spray coatings are used. Production businesses had extended the shutdown of all activities at their workplaces and manufacturing locations until the government issued reopening orders. Also, the thermal spray painting sector had a considerable drop in production owing to a reduction in the workforce due to social distancing conventions during the COVID-19 epidemic.

logo Competitive Players

Some main participants of the global thermal spray coating market are Praxair Surface Technologies, Inc, Lincotek Surface Solutions, BodyCote, American Roller Company, LLC, OerlikonMetco, Powder Alloy Corp., Surface Technology, BryCoat Inc., H.C StarckGmbh, Flame Spray SpA, F.W. Gartner Thermal Spraying, Plasma-Tec, Inc., Arc Spray (Pty) Ltd, John Wood Group PLC, Metallisation Limited, C&M Technologies GmbH, Montreal Carbide Co. Ltd., and AMETEK Inc. amongst others.

logo By Material Type

  • Metals
  • Polymers
  • Ceramics
  • Carbides
  • Others

logo By Process Type

  • Electrical
  • High-Velocity Oxy-Fuel (HVOF)
  • Combustion Flame
  • Electric Arc
  • Others

logo By Application

  • Medical Packaging
  • Polymer Heating
  • Engine Coatings
  • Pump Seal Coatings
  • Mold Lining
  • Wastewater Treatment Equipment
  • Others

logo By End-Use Industry

  • Aerospace
  • Agriculture
  • Automotive
  • Energy & Power
  • Healthcare
  • Electronics
  • Others

logo By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Covid-19

Thermal Spray Coating Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Praxair Surface Technologies Inc
  • Lincotek Surface Solutions
  • BodyCote
  • American Roller Company
  • LLC
  • OerlikonMetco
  • Powder Alloy Corp.
  • Surface Technology
  • BryCoat Inc.
  • H.C StarckGmbh
  • Flame Spray SpA
  • F.W. Gartner Thermal Spraying
  • Plasma-Tec Inc.
  • Arc Spray (Pty) Ltd
  • John Wood Group PLC
  • Metallisation Limited
  • C&M Technologies GmbH
  • Montreal Carbide Co. Ltd.
  • AMETEK Inc

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Thermal Spray Coating Market.
According to Facts and Factors research report, the global Thermal Spray Coating Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Thermal Spray Coating Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Thermal Spray Coating Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Thermal Spray Coating Market in North America over coming decade.
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