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

The market is segmented by Product Type (Coating Materials 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 (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

Greater Than 7 %

Major Players:

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Market Overview

The thermal spray materials market is expected to register a CAGR of over 7% during the forecast period. 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, 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:

Product Type
Coating Materials
Powders
Ceramics
Ceramic Oxides
Alumina
Titania
Zirconia
Chromia and Other Ceramic Oxides
Carbides (Including Cermets)
Chromium Carbides
Tungsten Carbides
Metals
Pure Metal and Alloys
Precious Metals
MCrAlY
Polymer and Other Coating Materials
Wires/Rods
Other Coating Materials (Liquid)
Supplementary Materials (Auxiliary Materials)
Process Type
Combustion
Low Velocity (Wire/Powder)
High Velocity (HVOF/HVLF/HVAF)
Detonation
Electric Energy
Wire Arc
Plasma
Cold Spray
By End-user Industry
Aerospace
Industrial Gas Turbines
Automotive
Electronics
Oil and Gas
Medical Devices
Energy and Power
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Aerospace Industry to Dominate the Market

  • Thermal spray materials are extensively used in aerospace sector. They are used in the manufacturing of coatings, which are applied in various parts throughout the aircraft. These coatings offer component longevity, thus, reducing the maintenance costs and increasing fuel efficiency.
  • Usage of thermal spray coatings for aircraft gas turbines provide various advantages, such as better corrosion resistance, resistance from contaminants, improved thermal efficiency, reduced emissions of Nitrogen Oxide (NOX), and increased component life.
  • Most of the super alloy materials used for manufacture of aircraft components and equipment possess good oxidation characteristics, but are not corrosion and erosion resistant. Aviation components are subjected to harsh environments, exceptionally high heats and pressures and abrasive chemicals. Thermal spray materials plays a huge role in protecting expensive engine components, by extending component life and improved performance.
  • 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.
  • In addition, the global defense budget is also increasing on a daily basis. Various research and developments are being carried out through manufacturers and high ranking personnel, such as Defense Minister and Generals for the development of upgraded technology and highly sophisticated equipment for engine components and airframes of the combat jets, satellite, and unmanned aerial vehicles (UAVs), that are being used by the army.
  • All such factors are expected to drive the demand for thermal spray materials in the aerospace sector during the forecast period.

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North America 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 materials market is fragmented, with intense competition among the top players to capture the major share in the global market. The major companies include Hoganas AB, Linde plc, OC Oerlikon Management AG, CASTOLIN EUTECTIC, and H.C. Starck, among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Coating Materials

        1. 5.1.1.1 Powders

          1. 5.1.1.1.1 Ceramics

            1. 5.1.1.1.1.1 Ceramic Oxides

              1. 5.1.1.1.1.1.1 Alumina

              2. 5.1.1.1.1.1.2 Titania

              3. 5.1.1.1.1.1.3 Zirconia

              4. 5.1.1.1.1.1.4 Chromia and Other Ceramic Oxides

            2. 5.1.1.1.1.2 Carbides (Including Cermets)

              1. 5.1.1.1.1.2.1 Chromium Carbides

              2. 5.1.1.1.1.2.2 Tungsten Carbides

          2. 5.1.1.1.2 Metals

            1. 5.1.1.1.2.1 Pure Metal and Alloys

            2. 5.1.1.1.2.2 Precious Metals

            3. 5.1.1.1.2.3 MCrAlY

          3. 5.1.1.1.3 Polymer and Other Coating Materials

        2. 5.1.1.2 Wires/Rods

        3. 5.1.1.3 Other Coating Materials (Liquid)

      2. 5.1.2 Supplementary Materials (Auxiliary Materials)

    2. 5.2 Process Type

      1. 5.2.1 Combustion

        1. 5.2.1.1 Low Velocity (Wire/Powder)

        2. 5.2.1.2 High Velocity (HVOF/HVLF/HVAF)

        3. 5.2.1.3 Detonation

      2. 5.2.2 Electric Energy

        1. 5.2.2.1 Wire Arc

        2. 5.2.2.2 Plasma

        3. 5.2.2.3 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. 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 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

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of 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 and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and 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 5iTech, LLC

      2. 6.4.2 AMETEK

      3. 6.4.3 Aimtek, Inc.

      4. 6.4.4 C&M Technologies GmbH

      5. 6.4.5 CRS Holdings Inc.

      6. 6.4.6 CASTOLIN EUTECTIC

      7. 6.4.7 Global Tungsten & Powders

      8. 6.4.8 HAI Inc

      9. 6.4.9 H.C.Starck GmbH

      10. 6.4.10 Hoganas AB

      11. 6.4.11 Hunter Chemical, LLC

      12. 6.4.12 Kennametal Stellite

      13. 6.4.13 LSN Diffusion Ltd

      14. 6.4.14 Metallisation Limited

      15. 6.4.15 Metallizing Equipment Co. Pvt. Ltd

      16. 6.4.16 OC Oerlikon Management AG

      17. 6.4.17 Polymet Corporation

      18. 6.4.18 Powder Alloy Corporation

      19. 6.4.19 Linde plc

      20. 6.4.20 Saint-Gobain

      21. 6.4.21 Sandvik AB

      22. 6.4.22 Supersonic Spray Technologies (SST)

      23. 6.4.23 The Fisher Barton Group

      24. 6.4.24 Treibacher Industrie AG

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

    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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