Thermal Spray Coatings Market Outlook 2021 | Top Manufacturers, Trends and Research Methodology

Thermal Spray Coatings Market
Global Thermal Spray Coatings Market: By Coating Material (Metal & Alloys, Ceramic), A Heat Source (Combustion Flame, Electrical Energy), Process (Plasma Spray, High Electric Arc Spray), End-Use Industry (Aerospace, Automotive, Industrial), and Region – Till 2023

The Global Thermal Spray Coatings Market is segmented by the coating Material, Heat Source, Process, End-Use Industry, and Region.

On the Basis of the Coating Material, the Global Thermal Spray Coatings Market is segmented into ceramic, carbide, metal & alloys, polymer, and cermet. The metal & alloys coating materials accounted to hold the major market share of the Global Thermal Spray Coatings Market undercoating material category owing to wide acceptance in different applications such as protecting large steel structures of buildings & bridges, automotive components, healthcare components, and other industrial components.

On the Basis of the Heat Source, the Global Thermal Spray Coatings Market is segmented into combustion flame and electrical energy. Use of electrical energy as a heat source is widely preferred in different applications in 2017 on account of its advantages such as fast deposition rates, larger surface area coverage, and eco-friendly nature, and is expected to continue growing over the forecast period.

On the Basis of the Process, the Global Thermal Spray Coatings Market is segmented into cold spray, flame spray, plasma spray, high-velocity oxy-fuel, electric arc spray, and others. Electric arc spray accounted to be the most commonly used process of thermal spray coatings in 2017 on account of its cost-effective nature in different end-use industries. However, plasma spraying is likely to replace the electric arc spray process in the coming years owing to its superior performance efficiencies such as uniform coating thickness, clean process, and superior wear & weather resistance.

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On the Basis of the End-User Industry, the Global Thermal Spray Coatings Market is segmented into aerospace, automotive, healthcare, construction, industrial, energy & power, electronics, agriculture, and others. Automotive, aerospace, healthcare, and industrial collectively accounted to be a major consumer of Thermal Spray Coating in 2017 owing to its eco-friendly nature and high performance over other types of coatings are expected to continue to hold the major market share during the forecast period.

Competitive Analysis

Some of the prominent manufacturers in the Global Thermal Spray Coatings Market are Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair S.T. Technology, Inc. (U.S.), Oerlikon Metco Ag Wohlen (Switzerland), Plasma-Tec (U.S.), Surface Technology (UK), ASB Industries, Inc. (U.S.), Cincinnati Thermal Spray, Inc. (U.S.), Precision Coatings, Inc. (U.S.), BryCoat Inc. (U.S.), Progressive Surface (U.S.), H.C. Starck GmbH (Germany), A&A Thermal Spray Coatings (U.S.), Metallisation Ltd. (England), and Air Products & Chemicals, Inc. (U.S.).

Regional Analysis

The Global Thermal Spray Coatings Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is expected to lead the Global Thermal Spray Coatings Market, followed by North America, which is further trailed by Europe. The Middle East & Africa and Latin America are expected to witness a moderate growth over the forecast period.         

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