Thermal Spray Coatings Market

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Thermal Spray Coatings MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Thermal Spray Coatings MARKET 2020
Thermal Spray Coatings Market 2020 Industry
Survey, Growth, CompetitiveLandscape and
Forecasts to 2023
Global Thermal Spray Coatings Market is projected
to be valued at over USD 9.7 Billion by 2027 and
exhibit a moderate CAGR of around 4.8 during the
forecast period. The growth of the global thermal
spray coatings market is primarily driven by the
healthy growth of the aerospace industry. In the
aerospace industry, the use of high-quality
thermal spray coatings results in increased fuel
efficiency, reduced maintenance cost, and higher
speed in aircraft and rotorcraft engines, as well
as other related components. Typical thermal
spray coatings applications include rotor-path
linings, high-pressure turbine seals, compressor
seals, bearings, oil seals, crankshafts,
cylinders, and piston rings. The global
commercial aircraft industry is expected to
witness healthy growth in the coming years.
Recovery in the global gross domestic product
(GDP), stable commodity prices (including crude
oil), growth in passenger travel, especially in
Asia-Pacific, Latin America, and the Middle East,
are expected to be the key factors driving the
growth of the aerospace industry during the
forecast period.
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Thermal Spray Coatings MARKET 2020
Market Segmentation The global thermal spray
coatings market, on the basis of process, is
segmented into combustion flame and electrical.
Combustion flame is the most commonly used
thermal spray coating process accounting for a
share of 69 of the global thermal spray coating
market. The combustion flame process includes
flame spraying, HVOC spraying, and detonation
flame spraying. The flame spraying process is
widely used for low-intensity applications owing
to cost. HVOF (High-Velocity Oxygen Fuel)
utilizes high-pressure oxygen and fuel gas and
provides a very dense coating, with low porosity
and high bond strength to the metal substrate.
HVOF is widely used for jet engine components,
automotive components, gas turbines, and
industrial machines. Based on material, the
global thermal spray coating market has been
segmented into metals alloys, ceramics,
polymers, and others. The metal alloys segment
accounted for the largest share of the global
thermal spray coatings market in 2019. Metal
alloy coating provides cost-effective surface
solutions providing corrosion and oxidation
resistance, wear and erosion resistance, and
enhance conductivity. The segment includes
tungsten, molybdenum, rhenium, niobium,
superalloys, zinc, aluminum, stainless steels,
NiCr alloys, cobalt-base, Stellites,
cobalt/nickel-base, Tribaloys, and NiCrBSi
"self-fluxing" alloys and zinc-aluminum alloy
coatings. Some of the key applications of metals
alloy coatings include diesel engine cylinder
coatings piston rings or valve stems turbine
engine blades vanes and combustors
corrosion-prone infrastructure mining and
agricultural equipment and petrochemical pumps
and valves. Enquiry of the Report
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Thermal Spray Coatings MARKET 2020
Regional Analysis
By end-user, the global thermal spray coating
market has been segmented into aerospace, energy
and power, automotive, healthcare, machinery,
agriculture, electrical and electronics, and
others. Thermal spray coatings are extensively
used in the aerospace industry in gas turbine
engines, air vessels, rocket exhaust cones,
insulating tiles, space shuttles, windshield
glass, and engine components. Increasing
investment in the defense sector, improving
commercial aviation networks, growth of the
tourism industry, economic development, and an
increase in the number of air passengers is
expected to fuel aircraft production, thereby
driving the demand for thermal spray coatings.
Moreover, thermal spray coatings are extensively
used in the aerospace industry in gas turbine
engines, air vessels, rocket exhaust cones,
insulating tiles, space shuttles, windshield
glass, and engine components. Increasing
investment in the defense sector, improving
commercial aviation networks, growth of the
tourism industry, economic development, and an
increase in air passengers' number are expected
to fuel aircraft production, thereby driving the
demand for thermal spray coatings.
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Thermal Spray Coatings MARKET 2020
Application Major Players in this Research
Thermal Spray Coatings Market Prominent
Players MRFR has identified the following
companies as the Key Players in the Global
Thermal Spray Coatings Market AA Coatings
(US), Oerlikon Group (Switzerland), BryCoat Inc.
(US), Surface technology (UK), Bodycote (UK),
Plasma-tec, Inc (Canada), General Magnaplate
Corporation (US), ASB Industries (US), Exline,
Inc (US), H. C. Starck (US), Metallisation
Limited (UK), and Flame Spray Coating Company
(US).
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