Europe Thermal Spray Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts (2017-2022)

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.