The market was valued at USD 1.819 billion in 2015, and it is expected to grow at a CAGR of 7.44% to reach USD 2.604 billion by 2020. The aforementioned market size includes the revenue being generated through all major components of the thermal spray process, including the material, equipment and coating being created. Thermal spray is a group of industrial processes, which generally include the propelling of micrometer-size particles of molten or semi-molten materials to create a protective or decorative coating on the surface of the desired substrate. The thermal spray coating provides various advantages to the end-users, such as lower coating cost, improved engineering performance and increased component life.
Thermal spray processes can be primarily segmented into combustion-based and electric energy-based processes. In the Europe thermal spray market report, the aforementioned processes have further been divided into Low Velocity (Wire/Powder), High Velocity (HVOF), Detonation; and Wire Arc, Plasma, & Cold Spray, respectively. On the basis of materials, the Europe thermal spray market is segmented into coating materials and supplementary materials (auxiliary materials). The coating materials are further segmented into powders, wires/rods, and others (liquid). The powders are further drilled down into various sub segments: metal-based (pure metals & alloys, precious metals, and MCrAIY), ceramic-based (ceramic oxides (alumina, chromia, titania, zirconia, and others), cermets, and carbides), and polymers & others. By equipment, the global thermal spray market is segmented into thermal spray coating systems, dust collection equipment, spray guns & nozzles, feeder equipment, spare parts, noise-reducing enclosures, and others.
Thermal spray techniques, owing to their superior deposition rate, in comparison to other traditional coating processes, are an integral part of various major industrial sectors. In the Europe thermal spray market report, we have taken the following major end-user sectors into consideration: automotive, aerospace, industrial gas turbines, energy & power, electronics, oil & gas, medical devices, and others. The XX industry accounted for XX% share of the Europe thermal spray market in 2015.
This market is driven by a number of factors, such as increased usage and application in medical devices, and replacement of hard chrome coating with thermal spray coatings. However, this market faces certain drawbacks, such as emergence of emergence of hard trivalent chrome coating, and economic uncertainity in Brexit. These factors may act as a roadblock to the growth of the market.
The market has also been geographically segmented based on consumption. The country specific analysis includes Germany, United Kingdom, France, Italy, and Rest of Europe. In terms of consumption, in 2015, Germany lead the European thermal spray market follwed by Italy, and France. The increased use of thermal spray techniques in the aerospace sector was the one of the major factors boosting the growth of the thermal spray market in Germany.
The growing use of thermal spray processes in oil & gas sector, shifting focus towards nanocomposite thermal spray powders, and recycling thermal spray processing materials will offer numerous opportunities in the growth of the Europe thermal spray market. Some of the major international companies and vendors in the market include Fujimi Europe GmbH, Oerlikon Metco, Praxair Surface Technologies, Metallization Ltd., UnitedCoatings Group (Artec S.p.A), H.C. Stark, and Treibacher Industrie AG.
Key Deliverables in the Study
- Market analysis for the Europe Thermal spray market, with country specific assessments and competition analysis on regional scale
- Market definition along with the identification of key drivers and restraints
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional and national scale
- Extensively researched competitive landscape section with profiles of major companies along with their market shares
- Identification and analysis of the macro and micro factors that affect the Europe Thermal spray market on both regional and national scales
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
- Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
2. Executive Summary
3. Europe Thermal Spray Market
3.1 Market Definition
3.2 Industry Value Chain Analysis
3.3 Technological Snapshot
3.3.1 Price Comparison
3.3.2 Performance Analysis
3.4 Industry Attractiveness - Porter's Five Forces Model
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Thermal Spray Applications in Automotive Sector and Aerospace Sector
4.1.2 Increased Thermal Spray Usage in Medical Devices
4.1.3 Rising Popularity of Thermal Spray Ceramic Coatings
4.1.4 Replacement of Hard Chrome Coating
4.2.1 Emergence of Hard Trivalent Chrome Coating
4.2.2 Trust Issues Regarding Process Reliability and Consistency
4.2.3 Economic Uncertainity in Brexit
4.3.1 Growing Usage in Oil & Gas Sector
4.3.2 Advancements in Spraying Technology (Cold Spray Process)
4.3.3 Recycling Thermal Spray Processing Materials
4.3.4 Development of Novel Cheaper Products
4.3.5 Shifting Focus towards Nanocomposite Thermal Spray Powders
5. Thermal Spray Industry Market Segmentation and Analysis
5.1 By Thermal Spray Coatings and Finishing (Process Type)
18.104.22.168 Low Velocity (Wire/Powder)
22.214.171.124 High Velocity (HVOF)
5.1.2 Electric Energy
126.96.36.199 Wire Arc
188.8.131.52 Cold Spray
5.2 By Thermal Spray Materials (Product Type)
5.2.1 Coating Materials
184.108.40.206.1.1 Pure Metal & Alloys
220.127.116.11.1.2 Precious Metals
18.104.22.168.2.1 Ceramic Oxides
22.214.171.124.3 Polymers and Others
126.96.36.199 Others (Liquid)
5.2.2 Supplementary Materials (Auxillary Materials)
5.3 By Thermal Spray Equipment (Product Type)
5.3.1 Thermal Spray Coating Systems
5.3.2 Dust Collection Equipment
5.3.3 Spray Guns and Nozzles
5.3.4 Feeder Equipment
5.3.5 Spare Parts
5.3.6 Noise-Reducing Enclosures
5.2 By End-User Sector
5.2.3 Industrial Gas Turbines
5.2.4 Energy & Power
5.2.6 Oil & Gas
5.2.7 Medical Devices
6. Regional Market Analysis
6.2 United Kingdom
6.5 Rest of Europe
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market-Share Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles
8.1 Thermal Spray Powder Companies
8.1.1 Air Products & Chemicals
8.1.3 C&M Technologies GmbH
8.1.4 Carpenter Technology (Europe) S.A. (Carpenter Technology)
8.1.5 Castolin Eutectic
8.1.6 Fujimi Europe GmbH
8.1.7 Global Tungsten & Powders (GTP)
8.1.8 H.C. Starck
8.1.9 HAI Inc.
8.1.10 Hoganas AB
8.1.11 Kennametl Stellite
8.1.12 LSN Diffusion Ltd.
8.1.13 Metallisation Ltd.
8.1.14 Oerlikon Metco
8.1.15 Praxair Surface Technologies
8.1.16 Saint Gobain
8.1.17 Sandvik Materials Technology
8.1.18 The Fisher Barton Group (Lineage Alloys)
8.1.19 The Linde Group
8.1.21 Treibacher Industrie AG
8.2 Thermal Spray Coating Companies
8.2.1 APS Ireland Inc. (APS Materials Inc.)
8.2.2 ARC International
8.2.3 Bodycote Plc.
8.2.4 Castolin Eutectic
8.2.5 Chromalloy Gas Turbine LLC (Chromalloy)
8.2.6 Fujimi Europe GmbH
8.2.7 Kennametl Stellite
8.2.8 Metallisation Ltd.
8.2.9 Oerlikon Metco
8.2.11 Praxair Surface Technologies
8.2.12 Eurocasting (Surface Dynamics)
8.2.13 The Fisher Barton Group (Thermal Spray Technologies)
8.2.14 The Linde Group
8.3 Thermal Spray Equipment Companies
8.3.1 Air Products & Chemicals
8.3.2 Camfil Air Pollution Control
8.3.3 Castolin Eutectic
8.3.4 Donaldson Company Inc.
8.3.5 Flame Spray Technologies BV
8.3.6 GTV Verschleiss-Schutz
8.3.7 HAI Inc.
8.3.8 Kennametl Stellite
8.3.9 Kurt J. Lesker Company Ltd. (Kurt J. Lesker Company)
8.3.10 Lincoln Electric Holdings Inc.
8.3.11 Metallisation Ltd.
8.3.12 Oerlikon Metco
8.3.13 Praxair Surface Technologies
8.3.14 Saint Gobain
8.3.15 Thermion Inc.
8.3.16 UnitedCoatings Group (Artec S.p.A)