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

The Thermal Spray Materials Market is segmented by Product Type (Coating Material and Supplementary Materials), Process Type (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.

Market Snapshot

CAGR Chart
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The thermal spray materials market is expected to register a CAGR of 7.14% during the forecast period, 2019 – 2024. Major factors driving the market studied are increasing demand for high performance customized alloy powders in the automotive industry and rising popularity of thermal spray ceramic coatings. On the other hand, issues regarding process reliability and consistency and emergence of hard trivalent coating are expected to hinder the market’s growth.

  • The aerospace industry dominated the market in 2018, and it is expected to continue the growth during the forecast period, owing to the increasing demand for passenger travel and increasing production of commercial aircraft across the world.
  • Recycling of thermal spray processing materials and advancements in spraying technology are likely to act as the opportunities in the future.
  • North America dominated the market followed by Asia-Pacific and Europe across the world, with the largest consumption from the countries, such as United States, China, and Germany, among others.

Scope of the Report

The thermal spray materials market report includes:

By Product Type
Coating Materials
Ceramic Oxides
Chromia and Other Ceramic Oxides
Carbides (Including Cermets)
Chromium Carbides
Tungsten Carbides
Pure Metal and Alloys
Precious Metals
Polymer and Other Coating Materials
Other Coating Materials (Liquid)
Supplementary Materials (Auxiliary Materials)
By Process Type
Low Velocity (Wire/Powder)
High Velocity (HVOF/HVLF/HVAF)
Electric Energy
Wire Arc
Cold Spray
By End-user Industry
Industrial Gas Turbines
Oil and Gas
Medical Devices
Energy and Power
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand for High Performance Customized Alloy Powders in the Automotive Industry

  • In Asia-Pacific (especially in India), a noticeable market trend is evident in the form of increased demand for high performance customized alloy powders. This is particularly evident in the automotive industry, where high-performance engine components, such as turbochargers, require high temperature resistance materials.
  • The automotive manufacturing sector in the Asia-Pacific region has been increasing at a strong rate and further growth is expected to be witnessed over 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 27 million motor vehicles produced in 2018. The strong GDP and income growth rate, stronger demands from lower-tier cities, declining prices, and government support for promoting new-energy vehicles are expected to drive the automotive market further.
  • Similarly, motor vehicle production in India increased by around 8% during 2018, from 4,792,231 vehicles produced in 2017 to 5,174,645 vehicles in 2018. In India, with increasing demand for vehicles, several automobile manufacturers have started investing heavily in various segments of the industry.
  • The thermal spray coatings used for cylinder bores in automotive engines are expected to witness robust demand in the region, over the forecast period. Coatings applied for transmission and suspension parts are also projected to witness a growth in the consumption rates in the Asia-Pacific region.
Global Thermal S

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The North America is Expected to Dominate the Market

North America was found to be the major market for the consumption of thermal spray materials, followed by Asia-Pacific and Europe. The domination by the region is majorly owing to the presence of the globally renowned civil and military aircraft manufacturers, such as Boeing, Airbus, and Bombardier, among others. The aerospace manufacturers in the region are highly competitive internationally. Investors in the US aerospace industry are supported by the Federal Aviation Administration’s (FAA) “gold standard” of aviation safety, helping in boosting the confidence of buyers and passengers globally. The moderate growth in the other end-user industries for thermal spray materials is also expected to drive the consumption of thermal spray materials in the region.

The aforementioned factors are contributing to the increasing demand for thermal spray materials in the region and the same trend is expected to continue during the forecast period.

Map Concentration

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Competitive Landscape

The global thermal spray materials market is fragmented, with intense competition among the top players to capture the major share in the global market. The major companies include Oerlikon Metco, Praxair S.T. Technology Inc., Hoganas AB, Kennametal Inc., Sandvik AB, and H.C. Starck GmbH.

Major Players

  1. Oerlikon Metco
  2. Praxair S.T. Technology Inc.
  3. Hoganas AB
  4. Kennametal Inc.
  5. CRS Holdings Inc.

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

Market 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 Increasing Demand for High Performance Customized Alloy Powders in the Automotive Industry

      2. 4.1.2 Extensive Consumption of Thermal Sprayed Tungsten-cobalt (WC-Co) Coatings

      3. 4.1.3 Increasing Prominence for Plasma Spray Coatings

      4. 4.1.4 Evolution in the Power Generation Sector in the Asia-Pacific Region

      5. 4.1.5 Extensive Consumption in Anti-corrosion Applications

      6. 4.1.6 Rising Popularity of Thermal Spray Ceramic Coatings

      7. 4.1.7 Replacement of Hard Chrome Coatings

      8. 4.1.8 Growing Application in the Aerospace and Defense Sectors

      9. 4.1.9 Increased Thermal Spray Usage in Medical Devices

    2. 4.2 Restraints

      1. 4.2.1 Emergence of Hard Trivalent Coating

      2. 4.2.2 Issues Regarding Process Reliability and Consistency

      3. 4.2.3 Dearth of Usage in the Emerging Economies

      4. 4.2.4 Other Restraints

    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. 4.5 Technological Snapshot

      1. 4.5.1 Price Comparison

      2. 4.5.2 Performance Comparison


    1. 5.1 By Product Type

      1. 5.1.1 Coating Materials

        1. Powders

          1. Ceramics

            1. Ceramic Oxides

              1. Alumina

              2. Titania

              3. Zirconia

              4. Chromia and Other Ceramic Oxides

            2. Carbides (Including Cermets)

              1. Chromium Carbides

              2. Tungsten Carbides

          2. Metals

            1. Pure Metal and Alloys

            2. Precious Metals

            3. MCrAlY

          3. Polymer and Other Coating Materials

        2. Wires/Rods

        3. Other Coating Materials (Liquid)

      2. 5.1.2 Supplementary Materials (Auxiliary Materials)

    2. 5.2 By Process Type

      1. 5.2.1 Combustion

        1. Low Velocity (Wire/Powder)

        2. High Velocity (HVOF/HVLF/HVAF)

        3. Detonation

      2. 5.2.2 Electric Energy

        1. Wire Arc

        2. Plasma

        3. Cold Spray

    3. 5.3 By 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 and Gas

      6. 5.3.6 Medical Devices

      7. 5.3.7 Energy and Power

      8. 5.3.8 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of 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. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Market Share Analysis**

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 5Itech LLC (Alsher APM)

      2. 6.3.2 Ametek Inc.

      3. 6.3.3 Bay State Surface Technologies Inc. (AIMTEK Inc.)

      4. 6.3.4 C&M Technologies GmbH

      5. 6.3.5 Carpenter Technology Corporation (CRS Holdings Inc.)

      6. 6.3.6 Castolin Eutectic

      7. 6.3.7 Global Tungsten & Powders Corp. (GTP)

      8. 6.3.8 Hai Inc.

      9. 6.3.9 H.C.Starck GmbH

      10. 6.3.10 Hoganas AB

      11. 6.3.11 Hunter Chemical LLC

      12. 6.3.12 Kennametal Stellite

      13. 6.3.13 LSN Diffusion Ltd

      14. 6.3.14 Metallisation Ltd

      15. 6.3.15 Metallizing Equipment Co. Pvt. Ltd

      16. 6.3.16 Oerlikon

      17. 6.3.17 Polymet Corporation

      18. 6.3.18 Powder Alloy Corporation

      19. 6.3.19 Praxair S.T. Technology Inc.

      20. 6.3.20 Saint-Gobain

      21. 6.3.21 Sandvik AB

      22. 6.3.22 Supersonic Spray Technologies (SST)

      23. 6.3.23 The Fisher Barton Group

      24. 6.3.24 Thermion

      25. 6.3.25 Treibacher Industrie AG

    4. *List Not Exhaustive

    1. 7.1 Current Progress in Solution Precursor Plasma Spraying of Cermets

    2. 7.2 Robust Hydrophobic Surfaces from Suspension HVOF Thermal Sprayed Rare Earth Oxide Ceramics Coatings

    3. 7.3 Development of Air Plasma Thermal Spray Coating for Thermal Barrier Coating and Oxidation Resistance Applications on Ni-base Super Alloys

    4. 7.4 Significant Popularity of Thermal Spray for Electronics and Sensing Applications

    5. 7.5 Industrial Scale Production of Environmental Barrier Coatings (EBC) Thermal Spray Powders

    6. 7.6 Recycling of Thermal Spray Processing Materials

    7. 7.7 Advancements in Spraying Technology

    8. 7.8 Emerging Solutions for the Mining and Oil and Gas Industries

**Subject to Availability

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