Thermal Spray Market - Growth, Trends, and Forecast (2019 - 2024)

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

Thermal spray Ma
Study Period:


Base Year:


Fastest Growing Market:

North America

Largest Market:

North America

Key Players:

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Market Overview

The thermal spray market is expected to register a CAGR of 6.5% during the forecast period (2019-2024). One of the major factors driving the market studied is the expanding automotive manufacturing sector in the Asia-Pacific region. Rising popularity of thermal spray ceramic coatings is also likely to boost the demand for thermal spray.

  • The aerospace end-user industry dominated the market in 2018, and it is expected to grow during the forecast period, owing to the increasing investment in the global aerospace industry.
  • Increasing use of thermal spray as a replacement of hard chrome coating is also expected to boost the demand for thermal spray.
  • 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
Coating Material
Polymer and Others
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
Thermal Spray Coatings & Finishes
Electric Energy
End-User Industry
Industrial Gas Turbines
Oil & Gas
Medical Devices
Energy & Power
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Rest of the North America
United Kingdom
Rest of the Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
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 engines components, such as crank shafts, piston rings, cylinders, and valves. In addition, they are also applied in the coating of landing gear (bearings and axles inside the landing gear), to withstand the forces during landing and takeoff.
  • The Asia-Pacific and Middle East & African regions are expected to witness rapid expansion in the aviation sector, owing to the rising consumer incomes and investments in transportation infrastructure in the near future.
  • Factors, like increasing air traffic across the world and increasing global aircraft fleet, are expected to boost the growth of the aerospace industry.
Thermal spray Ma

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North American Region is Expected to Dominate the Market

The North American region dominated the market share in 2018. 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.

Thermal spray Ma

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Competitive Landscape

The thermal spray market is highly fragmented, with the top players accounting for less than 35% of the total market share. Some of the major companies of this market include Oerlikon Metco, HC Starck GmbH, and Hoganas AB, among others. 

Major Players

  1. HC Starck GmbH
  2. Hoganas AB
  3. Oerlikon Metco
  4. Fujimi

* Complete list of players covered available in the table of contents below

Market Concentration - Thermal Spray Concentration

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Expanding Automotive Manufacturing Sector in the Asia-Pacific Region

      2. 4.1.2 Rising Popularity of Thermal Spray Ceramic Coatings

      3. 4.1.3 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. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Force 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. 4.5 Technological Snapshot

      1. 4.5.1 Price Comparison

      2. 4.5.2 Performance Analysis


    1. 5.1 Product Type

      1. 5.1.1 Coatings

      2. 5.1.2 Material

        1. Coating Material

          1. Powder

            1. Ceramics

            2. Metal

            3. Polymer and Others

          2. Wire/Rod

          3. Others (Liquid)

        2. Supplementary Material (Auxiliary Material)

      3. 5.1.3 Thermal Spray Equipment

        1. Thermal Spray Coating System

        2. Dust Collection Equipment

        3. Spray Gun & Nozzle

        4. Feeder Equipment

        5. Spare Parts

        6. Noise-reducing Enclosure

        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. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of the North America

      3. 5.4.3 Europe

        1. Germany

        2. France

        3. United Kingdom

        4. Italy

        5. Rest of the Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East & Africa

        1. Saudi Arabia

        2. UAE

        3. South Africa

        4. Rest of Middle East & Africa (MEA)


    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. 5iTECH (AlSher APM LLC)

        2. AMETEK Inc.

        3. Ardleigh Minerals Incorporated

        4. Bay State Surface Technologies Inc. (AIMTEK)

        5. C&M Technologies GmbH

        6. Castolin Eutectic

        7. Carpenter Powder Products (CRS Holdings Inc.)

        8. Fujimi Incorporated

        9. Thermion

        10. Global Tungsten & Powders

        11. H.C. Starck GmbH

        12. HAI Inc.

        13. Hoganas AB

        14. Hunter Chemical LLC

        15. Kennametal Inc.

        16. LSN Diffusion Limited

        17. Metallisation Ltd

        18. Metallizing Equipment Co. Pvt Ltd

        19. Oerlikon

        20. Plasma Powders & Systems Inc.

        21. Polymet Corp.

        22. Powder Alloy Corporation

        23. The Fisher Barton Group (Lineage Alloys)

        24. The Linde Group

        25. Saint-Gobain SA

        26. Sandvik AB

        27. Supersonic Spray Technologies (CenterLine)

      2. 6.4.2 Thermal Spray Coatings Companies

        1. APS Materials Inc.

        2. ASB Industries Inc.

        3. Bodycote PLC

        4. Chromalloy Gas Turbine LLC

        5. FW Gartner Thermal Spraying (Curtis-Wright)

        6. TOCALO Co. Ltd

        7. Eurocoating SpA

        8. The Fisher Barton Group (Thermal Spray Technologies)

        9. Thermion

      3. 6.4.3 Thermal Spray Equipment Companies

        1. Air Products & Chemicals Inc.

        2. Artec SpA

        3. Arzell Inc.

        4. ASB Industries Inc.

        5. Bay State Surface Technologies Inc. (Aimtek)

        6. Camfil Air Pollution Control

        7. Castolin Eutectic

        8. Donaldson Company Inc.

        9. Flame Spray Technologies BV

        10. Thermion

        11. GTV Verschleibschutz GmbH

        12. HAI Inc.

        13. Imperial Systems Inc.

        14. Kennametal Inc.

        15. The Linde Group

        16. Supersonic Spray Technologies (CenterLine)

        17. Metallisation Ltd

        18. Metallizing Equipment Co. Pvt Ltd

        19. Oerlikon

        20. Plasma Powders & Systems Inc.

        21. Powder Feed Dynamics Inc.

        22. Praxair Surface Technologies

        23. Progressive Surface

        24. Saint-Gobain SA

    5. *List Not Exhaustive

    1. 7.1 Growing Application in the Oil & Gas Industry

    2. 7.2 Advancements in Spraying Technology

    3. 7.3 Recycling of Thermal Spray Processing Materials

**Subject to Availability

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