The global thermal spray market is expected to reach USD 12,783.16 million, recording a CAGR of 6.91% during the forecast period. The growth is largely fuelled by its extensive usage in the aerospace sector in components, such as jet engine components, landing gear and turbine blades, along with a growing usage of components, such as cylinders, engine parts, transmission components, and suspension systems (to enhance their thermal efficiency, coefficient of friction, sliding wear and corrosion resistance power and longevity of the components) in the automotive industry.
Expanding Automotive Manufacturing Sector in the Asia-Pacific Region
The automobile manufacturing sector in the Asia-Pacific region has been growing at a strong rate and further growth is expected to be witnessed during the forecast period, owing to the surge in investments and expansion in production facilities in the region. Major car manufacturers, such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia, have either set up their automotive manufacturing facilities or are planning to start new facilities in the Asia-Pacific region in the near future. China is the largest producer of motor vehicles in the world, with more than 29 million motor vehicles produced in 2017. Countries, such as India, Indonesia, Vietnam, and Thailand have also been observed increasing automotive production in the past years. The trend in the automotive industry is expected to remain the same in the coming years, owing to the increasing demand for vehicles in the region. In turn, this is projected to increase the demand for thermal spray during the forecast.
Aerospace – The Largest End-User Industry
Among the end-user industry segments, the aerospace segment accounted for the largest share and is expected to register the highest growth during the forecast period. 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, actuation systems to provide high thermal resistance and longevity. According to the estimates by Boeing, the aerospace industry is growing at a steady rate with the global aircraft fleet expected to grow by 3.5% and the air traffic growth to be around 4.7% between the period, 2016-2036. Asia-Pacific and Middle East & Africa regions are expected to witness rapid expansion in the aviation sector owing to rising consumer incomes and investments in transportation infrastructure in near future. Such growth in the aerospace industry is expected to drive the demand for thermal spray during the forecast period.
North America to Dominate the Market
In 2017, North America dominated the market and is likely to witness the highest CAGR during the forecast period. In North America, the United States stands to be the largest market for thermal spray. The United States aerospace sector is the largest in the world. The country is one of the major exporters of aerospace components to countries such as France, China, and Germany. Besides this, industrial gas turbines have been gaining importance in achieving national objectives related to energy and the environment, which is further driving the market for thermal spray market in the country.
The major players include – Höganäs AB, Oerlikon Metco, H C Starck GmbH, Praxair Technology Inc., C&M Technologies GmbH, Fujimi Incorporated, etc. among others.
Thermal Spray Market Report Summary
Thermal Spray Market
(2015 – 2023)
North America, South America, Asia-Pacific, Europe, and Middle East & Africa
Höganäs AB, Oerlikon Metco, H C Starck GmbH, Praxair Technology Inc., C&M Technologies GmbH, Fujimi Incorporated, etc. among others
|Report offers latest trends, growth prospects, industry competitiveness, major players, value chain, regional & country market analysis, and forecast to 2023|
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1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
1.4 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Technological Snapshot
3.2.1 Price Comparison
3.2.2 Performance Analysis
3.3 Industry Attractiveness – Porter’s Five Forces Analysis
3.3.1 Bargaining Power of the Suppliers
3.3.2 Bargaining Power of the Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Expanding Automotive Manufacturing Sector in the Asia-Pacific Region
4.1.2 Rising Popularity of Thermal Spray Ceramic Coatings
4.1.3 Replacement of Hard Chrome Coating
4.2.1 Emergence of Hard Trivalent Chrome Coatings
4.2.2 Issues Regarding Process Reliability and Consistency
4.3.1 Growing Application in the Oil & Gas Industry
4.3.2 Advancements in Spraying Technology
4.3.3 Recycling of Thermal Spray Processing Materials
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
184.108.40.206 Coating Material
220.127.116.11.1.3 Polymer and Others
18.104.22.168.3 Others (Liquid)
22.214.171.124 Supplementary Material (Auxiliary Material)
5.1.3 Thermal Spray Equipment
126.96.36.199 Thermal Spray Coating System
188.8.131.52 Dust Collection Equipment
184.108.40.206 Spray Gun & Nozzle
220.127.116.11 Feeder Equipment
18.104.22.168 Spare Parts
22.214.171.124 Noise-reducing Enclosure
5.2 By Thermal Spray Coatings & Finishes (Process Type)
5.2.2 Electric Energy
5.3 By End-user Industry
5.3.2 Industrial Gas Turbines
5.3.5 Oil & Gas
5.3.6 Medical Devices
5.3.7 Energy & Power
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.7 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa (MEA)
6.5.1 Saudi Arabia
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa (MEA)
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 (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Thermal Spray Material Companies
8.1.1 5iTECH (AlSher APM LLC)
8.1.2 AMETEK Inc.
8.1.3 Ardleigh Minerals Incorporated
8.1.4 Bay State Surface Technologies Inc. (AIMTEK)
8.1.5 C&M Technologies GmbH
8.1.6 Castolin Eutectic
8.1.7 Carpenter Powder Products (CRS Holdings Inc.)
8.1.8 Fujimi Incorporated
8.1.10 Global Tungsten & Powders
8.1.11 H.C. Starck GmbH
8.1.12 HAI Inc.
8.1.13 Höganäs AB
8.1.14 Hunter Chemical LLC
8.1.15 Kennametal Inc.
8.1.16 LSN Diffusion Limited
8.1.17 Metallisation Ltd
8.1.18 Metallizing Equipment Co. Pvt Ltd
8.1.20 Plasma Powders & Systems Inc.
8.1.21 Polymet Corp.
8.1.22 Powder Alloy Corporation
8.1.23 The Fisher Barton Group (Lineage Alloys)
8.1.24 The Linde Group
8.1.25 Saint-Gobain SA
8.1.26 Sandvik AB
8.1.27 Supersonic Spray Technologies (CenterLine)
8.2 Thermal Spray Coatings Companies
8.2.1 APS Materials Inc.
8.2.2 ASB Industries Inc.
8.2.3 Bodycote PLC
8.2.4 Chromalloy Gas Turbine LLC
8.2.5 FW Gartner Thermal Spraying (Curtis-Wright)
8.2.6 TOCALO Co. Ltd
8.2.7 Eurocoating SpA
8.2.8 The Fisher Barton Group (Thermal Spray Technologies)
8.3 Thermal Spray Equipment Companies
8.3.1 Air Products & Chemicals Inc.
8.3.2 Artec SpA
8.3.3 Arzell Inc.
8.3.4 ASB Industries Inc.
8.3.5 Bay State Surface Technologies Inc. (Aimtek)
8.3.6 Camfil Air Pollution Control
8.3.7 Castolin Eutectic
8.3.8 Donaldson Company Inc.
8.3.9 Flame Spray Technologies BV
8.3.11 GTV Verschleibschutz GmbH
8.1.12 HAI Inc.
8.3.13 Imperial Systems Inc.
8.3.14 Kennametal Inc.
8.1.15 The Linde Group
8.3.16 Supersonic Spray Technologies (CenterLine)
8.3.17 Metallisation Ltd
8.3.18 Metallizing Equipment Co. Pvt Ltd
8.3.20 Plasma Powders & Systems Inc.
8.3.21 Powder Feed Dynamics Inc.
8.3.22 Praxair Surface Technologies
8.3.23 Progressive Surface
8.3.24 Saint-Gobain SA