Market Defination-
Thermal sprays are used in a wide range of application sector owing to the growing need for efficient and durable coatings in wide range of industries. It is extensively used in the aerospace, automobile and pharmaceutical industries.
Durability, corrosive strength, and enhanced thermal resistance are some of the properties which makes then an efficient substitute in comparison with other industrial coatings .The rising growth of the oil & gas and aerospace industry across the globe is substantially affecting the growth of the thermal spray market.
The global thermal spray market is being driven by a range of application in the various end-use industries such as transportation, printing, pharmaceuticals, and oil & gas among others. Moreover, it is estimated that the aerospace industry is set to witness the highest growth due to the growing consumption in applications such as turbine blades, liners and others.
The most common technologies used in the thermal spray market are cold spray, flame spray, plasma spray, HVOF, and electric arc spray among others. Among these, plasma spray is the fastest growing technology type and is anticipated to grow at a CAGR of above 5% during the forecast period. Flame spray technology is another dominant segment.
The enhanced wear & impact resistance makes the use of flame spray suitable for the various applications such as aerospace, machinery, and infrastructure among others.
Aerospace is the largest application segment accounted for over 30% of market share in 2016. Aerospace industry requires efficient wear and thermal resistive coatings in numerous applications. The growing development of the aerospace sector, especially in the developing economies, is expected to boost the market of thermal spray during the forecast period.
Competitive Analysis-
A & A Thermal Spray Coatings (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair Surface Technologies, Inc. (U.S.), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), Surface Technology inc (U.K.), H.C. Starck GmbH (Germany), and ASB Industries, Inc. (U.S.), among others
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Thermal Spray Market North America is anticipated to be the leading market during the forecast period 2018-2023
Thermal Spray Market Regional Analysis-
The Global Thermal Spray Market is spanned across five key regions North America, Latin America, Asia Pacific Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is the fastest growing market in 2016 and is expected to display an encouraging CAGR during the forecast years.
The growing industrialization has resulted in the development of the industrial sector in turn, is fuelling the demand for thermal spray in the region. Moreover, the growing oil and gas industry, mainly in India and China is also expected to contribute to the market growth.
European region is estimated to witness a significant growth in the countries owing to the burgeoning aerospace and automobile industry. The increasing use of thermal in engines, transmissions, suspensions, steering wheels, and landing gear among others is augmented the demand.
North American thermal spray market is mainly driven by the Canada and U.S. The presence of the developed end-user industries such as automotive and aerospace coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing investment in the oil and gas sector is further expected to add fuel to the growth of the market.
Thermal Spray Market Segmentation-
The global Thermal Spray Market is segmented into product, application, and technology. On the basis of the product type, the market is segregated into metals, ceramics, intermetallic, polymers, carbides, abradable and others. The market by technology is further categorized into cold spray, flame spray, plasma spray, HVOF, electric arc spray, and others. On the basis of application, the market is segregated into aerospace, industrial gas turbine, automotive, medical, printing, oil & gas, steel, pulp & paper and others.
Thermal Spray Market Geographical Analysis-
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Thermal Spray Market Intended Audience-
- Thermal spray market manufacturers
- Traders and Distributors of thermal spray market
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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