Thermal Spray Market - Growth, Trends, and Forecast (2020 - 2025)

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 and Gas, Medical Devices, Energy and Power, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

6 %

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Market Overview

The thermal spray market is expected to register a CAGR of more than 6% during the forecast period. One of the major drivers of the thermal spray market identified in the report is the rising demand from the aerospace and medical devices industries, increasing usage of thermal spray ceramic coatings, and replacement of hard chrome coatings by thermal spray coatings. However, with the development and emergence of hard trivalent chrome coatings in recent years, the overall demand for the thermal spray is expected to be hindered.

  • The aerospace end-use industry dominated the market, and it is expected to grow at a significant rate during the forecast period, owing to the increasing investment in the global aerospace industry.
  • Recently, several new methods have been developed to recycle thermal spray processing materials. This is likely to act as an opportunity for the market, in the future.
  • North America dominated the thermal spray market across the world, owing to the high demand from the various end-user industries.

Scope of the Report

The thermal spray market report includes:

Product Type
Coatings
Material
Coating Material
Powders
Ceramics
Metal
Polymer and Others
Wire/Rod
Others (Liquid)
Supplementary Material (Auxiliary Material)
Thermal Spray Equipment
Thermal Spray Coating System
Dust Collection Equipment
Spray Gun & Nozzle
Feeder Equipment
Spare Parts
Noise-reducing Enclosure
Others
Thermal Spray Coatings & Finishes
Combustion
Electric Energy
End-User Industry
Aerospace
Industrial Gas Turbines
Automotive
Electronics
Oil & Gas
Medical Devices
Energy & Power
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of the North America
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa (MEA)

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Key Market Trends

The Aerospace End-user 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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North American Region is Expected to Dominate the Market

  • The North American region dominated the market share. The United States is the second-largest producer of automotive in the world.
  • The US aerospace industry is also thriving, owing to the strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in the United States.
  • The manufacturing industry of Canada is also expected to thrive during the forecast period, owing to the increasing business investment, government expenditure, and consumer spending.
  • The aerospace industry of Canada is also witnessing strong growth. The country is the third-largest in terms of civil aircraft production, along with being second in business aircraft production and third in helicopter production, around the world.
  • Owing to the rise of these end-user industries in the United States and Canada, North America is projected to dominate the market during the forecast period.

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Competitive Landscape

The global thermal spray market is very fragmented, with the top 4 players accounting for not more than 25% of the total market share. The major players present in the market include Oerlikon​, Linde (Praxair Technology Inc.), Chromalloy Gas Turbine LLC​, Hoganas AB, Kennametal Inc., HC Starck GmbH, Bodycote PLC, and the Fisher Barton Group, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Use of Thermal Spray Coatings in the Aerospace Industry

      2. 4.1.2 Increasing Usage of Thermal Spray Coatings in Medical Devices

      3. 4.1.3 Rising Popularity of Thermal Spray Ceramic Coatings

      4. 4.1.4 Replacement of Hard Chrome Coating

    2. 4.2 Restraints

      1. 4.2.1 Emergence of Hard Trivalent Chrome Coatings

      2. 4.2.2 Issues Regarding Process Reliability and Consistency

      3. 4.2.3 Decreasing Automotive Production

    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

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Coatings

      2. 5.1.2 Material

        1. 5.1.2.1 Coating Material

          1. 5.1.2.1.1 Powders

            1. 5.1.2.1.1.1 Ceramics

            2. 5.1.2.1.1.2 Metal

            3. 5.1.2.1.1.3 Polymer and Others

          2. 5.1.2.1.2 Wire/Rod

          3. 5.1.2.1.3 Others (Liquid)

        2. 5.1.2.2 Supplementary Material (Auxiliary Material)

      3. 5.1.3 Thermal Spray Equipment

        1. 5.1.3.1 Thermal Spray Coating System

        2. 5.1.3.2 Dust Collection Equipment

        3. 5.1.3.3 Spray Gun & Nozzle

        4. 5.1.3.4 Feeder Equipment

        5. 5.1.3.5 Spare Parts

        6. 5.1.3.6 Noise-reducing Enclosure

        7. 5.1.3.7 Others

    2. 5.2 Thermal Spray Coatings & 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 & Gas

      6. 5.3.6 Medical Devices

      7. 5.3.7 Energy & Power

      8. 5.3.8 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

        4. 5.4.2.4 Rest of the North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 France

        3. 5.4.3.3 United Kingdom

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of the Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 UAE

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & 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 Material Companies

        1. 6.4.1.1 5iTECH (AlSher APM LLC)

        2. 6.4.1.2 Ametek Inc.

        3. 6.4.1.3 Ardleigh Minerals Incorporated

        4. 6.4.1.4 Bay State Surface Technologies Inc. (Aimtek)

        5. 6.4.1.5 C&M Technologies GmbH

        6. 6.4.1.6 Castolin Eutectic

        7. 6.4.1.7 Carpenter Powder Products (CRS Holdings Inc.)

        8. 6.4.1.8 Fujimi Incorporated

        9. 6.4.1.9 Thermion

        10. 6.4.1.10 Global Tungsten & Powders Corp.

        11. 6.4.1.11 HC Starck GmbH

        12. 6.4.1.12 HAI Inc.

        13. 6.4.1.13 Hoganas AB

        14. 6.4.1.14 Hunter Chemical LLC

        15. 6.4.1.15 Kennametal Inc.

        16. 6.4.1.16 LSN Diffusion Limited

        17. 6.4.1.17 Metallisation Limited

        18. 6.4.1.18 Metallizing Equipment Co. Pvt. Ltd

        19. 6.4.1.19 OC Oerlikon Management AG

        20. 6.4.1.20 Plasma Powders & Systems Inc.

        21. 6.4.1.21 Polymet Corporation

        22. 6.4.1.22 Powder Alloy Corporation

        23. 6.4.1.23 The Fisher Barton Group (Lineage Alloys)

        24. 6.4.1.24 Linde

        25. 6.4.1.25 Saint-Gobain SA

        26. 6.4.1.26 Sandvik AB

        27. 6.4.1.27 Centerline Holdings Inc. (Supersonic Spray Technologies)

      2. 6.4.2 Thermal Spray Coatings Companies

        1. 6.4.2.1 APS Materials Inc.

        2. 6.4.2.2 ASB Industries Inc.

        3. 6.4.2.3 Bodycote PLC

        4. 6.4.2.4 Chromalloy Gas Turbine LLC

        5. 6.4.2.5 FW Gartner Thermal Spraying (Curtis-Wright)

        6. 6.4.2.6 TOCALO Co. Ltd

        7. 6.4.2.7 Eurocoating SpA

        8. 6.4.2.8 The Fisher Barton Group (Thermal Spray Technologies)

        9. 6.4.2.9 Thermion

        10. 6.4.2.10 FM Industries Inc.

      3. 6.4.3 Thermal Spray Equipment Companies

        1. 6.4.3.1 Air Products & Chemicals Inc.

        2. 6.4.3.2 Artec SpA

        3. 6.4.3.3 Arzell Inc.

        4. 6.4.3.4 ASB Industries Inc.

        5. 6.4.3.5 Bay State Surface Technologies Inc. (Aimtek)

        6. 6.4.3.6 Camfil Air Pollution Control

        7. 6.4.3.7 Castolin Eutectic

        8. 6.4.3.8 Donaldson Company Inc.

        9. 6.4.3.9 Flame Spray Technologies BV

        10. 6.4.3.10 Thermion

        11. 6.4.3.11 GTV Verschleibschutz GmbH

        12. 6.4.3.12 HAI Inc.

        13. 6.4.3.13 Imperial Systems Inc.

        14. 6.4.3.14 Kennametal Inc.

        15. 6.4.3.15 Linde

        16. 6.4.3.16 CenterLine Holdings Inc. (Supersonic Spray Technologies)

        17. 6.4.3.17 Metallisation Ltd

        18. 6.4.3.18 Metallizing Equipment Co. Pvt. Ltd

        19. 6.4.3.19 OC Oerlikon Management AG

        20. 6.4.3.20 Plasma Powders & Systems Inc.

        21. 6.4.3.21 Powder Feed Dynamics Inc.

        22. 6.4.3.22 Progressive Surface

        23. 6.4.3.23 Saint-Gobain SA

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Applications in the Oil and Gas Industry

    2. 7.2 Advancements in Spraying Technology (Cold Spray Process)

    3. 7.3 Recycling of Thermal Spray Processing Materials

** Subject to Availability

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