Asia-Pacific Thermal Spray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Coatings, Material, and Thermal Spray Equipment), Thermal Spray Coatings and Finishes (Combustion and Electric Energy), End-user Industry (Aerospace, Industrial Gas Turbines, Automotive, Electronics, Oil & Gas, Medical Devices, Energy & Power, and Other End-user Industries), and Geography (China, India, Japan, South Korea, ASEAN Countries, and Rest of Asia-Pacific)

Market Snapshot

Market Summary - Asia-Pacific Thermal Spray Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >7 %

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Market Overview

The Asia-Pacific thermal spray market is estimated to witness a significant growth, at an estimated CAGR of over 7%, over the forecast period. Growing thermal spray applications in automotive and aerospace sector and increased thermal spray usage in medical devices are expected to drive the market during the forecast period.

  • Emergence of hard trivalent chrome coating is likely to hinder the market’s growth.
  • Advancements in spraying technology is expected to create opportunities to the market’s growth in the future.
  • China is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

Scope of the report

The Asia-Pacific thermal spray market report includes:

Product Type
Coating Materials
Other Coating Materials
Other Coating Materials
Supplementary Material (Auxiliary Material)
Thermal Spray Equipment
Thermal Spray Coating System
Dust Collection Equipment
Spray Gun and Nozzle
Feeder Equipment
Spare Parts
Noise-reducing Enclosure
Other Thermal Spray Equipment
Thermal Spray Coatings and Finishes
Electric Energy
End-user Industry
Industrial Gas Turbines
Oil and Gas
Medical Devices
Energy and Power
Other End-user Industries
South Korea
ASEAN Countries
Rest of Asia-Pacific

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Key Market Trends

Aerospace Industry is Expected to Witness the Highest Market Share

  • In the aerospace sector, thermal spray coatings are extensively used as protective coatings to protect aircraft components and repair the old ones. They are used in the protection of engine turbine blades and actuation systems to provide high thermal resistance and longevity.
  • Thermal sprays are largely employed for several purposes in jet engine components, such as crankshafts, piston rings, cylinders, valves, and so on. In addition to these, they are also applied in the coating of landing gear (bearings and axles inside the landing gear) to withstand the forces during landing and take-off.
  • A variety of degradation problems exist in aircraft engines, due to metal to metal wear, hot corrosion, fretting, particle erosion, and many more. This degradation is accelerated when high-temperature is involved. Thermal spray coatings impart the required surface conditions that are required to increase the service life of the engine components.
  • Thermal spray coatings, such as zirconium oxide, aluminum bronze, and cobalt-molybdenum are used for coating purposes in rocket combustion chambers, compressor air seals, and high-pressure nozzles, respectively.
  • In addition, coatings of chromium cobalt, aluminum oxide, and chromium carbide are employed in turbine air seals, fuel nozzles, and turbine vanes, respectively. High-velocity oxy-fuel (HVOF) spray and plasma spray processes are the majorly used processes in this sector.
  • Such, the aforementioned factors are expected to support the consumption of thermal spray used in the aerospace industry during the forecast period.
Asia-Pacific Thermal Spray Market - Segmentation

China to Dominate the Market

  • In the Asia-Pacific region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy. 
  • The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
  • Foreign investment in China has also been extended into the aviation sector, which is projected to register a CAGR of 6%, owing to China’s geographical location, which provides easy access to the industrial goods markets in the neighboring countries, as well as, other countries globally, making it a major access point for manufacturers and suppliers.
  • China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
  • The production is expected to reach 30 million units by 2020, owing to the “Made in China 2025” initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. “Automobile Mid and Long Term Development Plan”, was released in 2017, with an objective to make China a strong auto power in the next ten years.
  • Due to all such factors, the market for thermal spray in the country is expected to have a steady growth during the forecast period.
Asia-Pacific Thermal Spray Market - Regional Trend

Competitive Landscape

The Asia-Pacific thermal spray market is fragmented in nature. Key players in the market include OC Oerlikon Management AG, Fujimi Corporation, Hoganas AB, Linde Plc, and Bodycote, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Thermal Spray Applications in Automotive and Aerospace Sector

      2. 4.1.2 Increased Thermal Spray Usage in Medical Devices

      3. 4.1.3 Rising Popularity of Thermal Spray Ceramic Coatings

    2. 4.2 Restraints

      1. 4.2.1 Emergence of Hard Trivalent Chrome Coating

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product Type

      1. 5.1.1 Coatings

      2. 5.1.2 Materials

        1. Coating Materials

          1. Powders

            1. Ceramics

            2. Metals

            3. Polymer

            4. Other Coating Materials

          2. Wires/Rods

          3. Other Coating Materials

        2. Supplementary Material (Auxiliary Material)

      3. 5.1.3 Thermal Spray Equipment

        1. Thermal Spray Coating System

        2. Dust Collection Equipment

        3. Spray Gun and Nozzle

        4. Feeder Equipment

        5. Spare Parts

        6. Noise-reducing Enclosure

        7. Other Thermal Spray Equipment

    2. 5.2 Thermal Spray Coatings and Finishes

      1. 5.2.1 Combustion

      2. 5.2.2 Electric Energy

    3. 5.3 End-user Industry

      1. 5.3.1 Aerospace

      2. 5.3.2 Industrial Gas Turbines

      3. 5.3.3 Automotive

      4. 5.3.4 Electronics

      5. 5.3.5 Oil and Gas

      6. 5.3.6 Medical Devices

      7. 5.3.7 Energy and Power

      8. 5.3.8 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 China

      2. 5.4.2 India

      3. 5.4.3 Japan

      4. 5.4.4 South Korea

      5. 5.4.5 ASEAN Countries

      6. 5.4.6 Rest of Asia-Pacific


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Thermal Spray Powder Companies

        1. Air Products and Chemicals, Inc.

        2. AMETEK

        3. C&M Technologies GmbH

        4. CRS Holdings Inc.


        6. Fujimi Corporation

        7. H.C. Starck

        8. Hoganas AB

        9. Kennametl Stellite

        10. Diffusion Engineers Limited

        11. Metallisation Limited

        12. Metallizing Equipment Co. Pvt. Ltd.

        13. OC Oerlikon Management AG

        14. Saint-Gobain

        15. Sandvik AB

        16. The Fisher Barton Group

        17. Linde plc

        18. Treibacher Industrie AG

      2. 6.4.2 Thermal Spray Coating Companies

        1. APS Materials, Inc.

        2. ARC International

        3. ASB Industries, Inc.

        4. Bodycote


        6. Chromalloy Gas Turbine LLC

        7. Fujimi Corporation

        8. Kennametl Stellite

        9. Metallisation Limited

        10. OC Oerlikon Management AG

        11. Pamarco

        12. The Fisher Barton Group

        13. Linde plc

        14. TOCALO Co. Ltd

      3. 6.4.3 Thermal Spray Equipment Companies

        1. Air Products and Chemicals, Inc.

        2. ASB Industries, Inc.

        3. Camfil Air Pollution Control


        5. Donaldson Company Inc.

        6. Flame Spray Technologies BV

        7. GTV-wear GmbH

        8. Integrated Global Services

        9. Kennametl Stellite

        10. Kurt J. Lesker Company

        11. The Lincoln Electric Company

        12. Metallisation Limited

        13. Metallizing Equipment Co. Pvt. Ltd.

        14. OC Oerlikon Management AG

        15. Linde plc

        16. Saint-Gobain

    5. *List Not Exhaustive

    1. 7.1 Advancements in Spraying Technology (Cold Spray Process)

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Thermal Spray Market market is studied from 2016 - 2026.

The Asia-Pacific Thermal Spray Market is growing at a CAGR of >7% over the next 5 years.

OC Oerlikon Management AG, Fujimi Corporation, Hoganas AB, Linde Plc, Bodycote are the major companies operating in Asia-Pacific Thermal Spray Market.

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