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Europe 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 (Germany, United Kingdom, Italy, France, and Rest of Europe)
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2019
CAGR:
6.5 %
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Market Overview
The Europe thermal spray market is estimated to witness a significant growth, at an estimated CAGR of over 6.5%, 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.
- Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
Scope of the report
The Europe thermal spray market report includes:
| Product Type | |||||||||||||
| Coatings | |||||||||||||
| |||||||||||||
|
| Thermal Spray Coatings and Finishes | |
| Combustion | |
| Electric Energy |
| End-user Industry | |
| Aerospace | |
| Industrial Gas Turbines | |
| Automotive | |
| Electronics | |
| Oil and Gas | |
| Medical Devices | |
| Energy and Power | |
| Other End-user Industries |
| Geography | |
| Germany | |
| United Kingdom | |
| Italy | |
| France | |
| Rest of Europe |
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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.
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Germany to Dominate the Market
- Germany leads Europe’s automotive market with 41 assembly and engine production plants that contribute to one third of the total automobile production in Europe. Germany, being one of the leading manufacturing bases for the aircraft industry, is the home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
- The German aerospace industry comprises more than 2,300 firms located all around the country, with northern Germany being the area with a higher concentration of firms.
- Germany, being one of the leading manufacturing bases for the aircraft industry, is home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
- The country hosts a large number of production bases for aircraft interior components, MRO (maintenance, repair, and overhaul), and lightweight construction and materials, largely in Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern.
- It has been estimated that over 30 to 35 thousand new aircraft will be operational by the next 20 years, in order to meet the rising aviation demand. Thus, with the increase in production of aircraft, the consumption of thermal spray will increase during the forecast period.
- With the rising demand coming from major end-user industries, the market for thermal spray is projected to grow during the forecast period.
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Competitive Landscape
The Europe thermal spray market is fragmented in nature. Key players in the market include OC Oerlikon Management AG, Saint-Gobain, Hoganas AB, Linde Plc, and Bodycote, among others.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Thermal Spray Applications in Automotive 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 Restraints
4.2.1 Emergence of Hard Trivalent Chrome Coating
4.2.2 Trust Issues Regarding Process Reliability and Consistency
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Coatings
5.1.2 Materials
5.1.2.1 Coating Materials
5.1.2.1.1 Powders
5.1.2.1.1.1 Ceramics
5.1.2.1.1.2 Metals
5.1.2.1.1.3 Polymer
5.1.2.1.1.4 Other Coating Materials
5.1.2.1.2 Wires/Rods
5.1.2.1.3 Other Coating Materials
5.1.2.2 Supplementary Material (Auxiliary Material)
5.1.3 Thermal Spray Equipment
5.1.3.1 Thermal Spray Coating System
5.1.3.2 Dust Collection Equipment
5.1.3.3 Spray Gun and Nozzle
5.1.3.4 Feeder Equipment
5.1.3.5 Spare Parts
5.1.3.6 Noise-reducing Enclosure
5.1.3.7 Other Thermal Spray Equipment
5.2 Thermal Spray Coatings and Finishes
5.2.1 Combustion
5.2.2 Electric Energy
5.3 End-user Industry
5.3.1 Aerospace
5.3.2 Industrial Gas Turbines
5.3.3 Automotive
5.3.4 Electronics
5.3.5 Oil and Gas
5.3.6 Medical Devices
5.3.7 Energy and Power
5.3.8 Other End-user Industries
5.4 Geography
5.4.1 Germany
5.4.2 United Kingdom
5.4.3 Italy
5.4.4 France
5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Thermal Spray Powder Companies
6.4.1.1 Air Products and Chemicals, Inc.
6.4.1.2 AMETEK
6.4.1.3 C&M Technologies GmbH
6.4.1.4 CASTOLIN EUTECTIC
6.4.1.5 CRS Holdings Inc.
6.4.1.6 Diffusion Engineers Limited
6.4.1.7 Fujimi Corporation
6.4.1.8 Global Tungsten & Powders
6.4.1.9 H.C. Starck
6.4.1.10 HAI Inc
6.4.1.11 Hoganas AB
6.4.1.12 Kennametl Stellite
6.4.1.13 Linde plc
6.4.1.14 Metallisation Limited
6.4.1.15 OC Oerlikon Management AG
6.4.1.16 Saint-Gobain
6.4.1.17 Sandvik AB
6.4.1.18 The Fisher Barton Group
6.4.1.19 Treibacher Industrie AG
6.4.2 Thermal Spray Coating Companies
6.4.2.1 APS Materials, Inc.
6.4.2.2 ARC International
6.4.2.3 Bodycote
6.4.2.4 CASTOLIN EUTECTIC
6.4.2.5 Chromalloy Gas Turbine LLC
6.4.2.6 Fujimi Corporation
6.4.2.7 Kennametl Stellite
6.4.2.8 Linde plc
6.4.2.9 Metallisation Limited
6.4.2.10 OC Oerlikon Management AG
6.4.2.11 Pamarco
6.4.2.12 Surface Dynamics
6.4.2.13 The Fisher Barton Group
6.4.3 Thermal Spray Equipment Companies
6.4.3.1 Air Products and Chemicals, Inc.
6.4.3.2 Camfil Air Pollution Control
6.4.3.3 CASTOLIN EUTECTIC
6.4.3.4 Donaldson Company Inc.
6.4.3.5 Flame Spray Technologies BV
6.4.3.6 GTV-wear GmbH
6.4.3.7 HAI Inc
6.4.3.8 Kennametl Stellite
6.4.3.9 Kurt J. Lesker Company
6.4.3.10 Linde plc
6.4.3.11 Metallisation Limited
6.4.3.12 OC Oerlikon Management AG
6.4.3.13 Saint-Gobain
6.4.3.14 The Lincoln Electric Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Advancements in Spraying Technology (Cold Spray Process)
7.2 Recycling Thermal Spray Processing Materials
7.3 Shifting Focus towards Nanocomposite Thermal Spray Powders
7.4 Development of Novel Cheaper Products
*List Not Exhaustive
** Subject to Availability
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