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Thermal Spray Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Thermal Spray Materials 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). The report offers market size and forecasts for Thermal Spray Materials Market in value (USD million) for all the above segments.

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Market Snapshot

Market Summary - Thermal spray materials market
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.97 %

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Market Overview

The thermal spray materials market is expected to register a CAGR of 6.97% during the forecast period (2022-2027).

  • Major factors driving the market studied are increasing usage of thermal spray coating in medical device manufacturing, rising popularity of thermal spray ceramic coatings, extensive consumption in anti-corrosion applications, and evolution in the wind power sector in the Asia-Pacific region.
  • On the other hand, emergence of alternate substitutes are expected to hinder the market’s growth.
  • The current progress in solution recursor plasma spraying of cermets, recycling of thermal spray processing materials, industrial scale production of environmental barrier coatings (EBC) thermal spray powders, and growth prospects in the oil and gas industry are the major opportunities to drive the market in the future.

Scope of the Report

Thermal spraying techniques are coating processes in which melted (or heated) materials are sprayed onto a surface. Coating materials available for thermal spraying include metals, alloys, ceramics, plastics, and composites. The Thermal Spray Materials 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). The report also covers the market sizes and forecasts for Thermal Spray Materials Market in 16 countries across the major region. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

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
Electric Energy
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
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
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 the aerospace sector. They are used in the manufacturing of coatings, which are applied to various parts throughout the aircraft. These coatings offer component longevity, thus, reducing the maintenance costs and increasing fuel efficiency.
  • Thermal spray materials, 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.
  • 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.
  • For instance, in India, In March 2021, the government submitted a proposal to develop a water aerodrome project at the Ujjani Dam, under the Ministry of Civil Aviation’s UDAN-RCS.
  • All such factors are expected to drive the demand for thermal spray materials in the aerospace sector during the forecast period.
Thermal Spray Materials Market - Segmentation Trends

Asia-Pacific is to Dominate the Market

  • Thermal spray materials are used in the aerospace industry as a protective coating. China is one of the largest aircraft manufacturers and one of the largest markets for domestic air passengers.
  • Factors such as large market size, increasing government support, and the ability to book electric vehicles online are likely to fuel the demand for electric vehicles in the country.
  • According to the International Organization of Motor Vehicle Manufacturers (OICA), China is the largest producer of automobiles. The country alone produced 1,82,42,588 vehicles from Q1 to Q3 of 2021, which accounted for about 31.86% of the global volume.
  • According to a research institute affiliated with China National Petroleum Corp. (CNPC), the country’s oil consumption is expected to grow due to the rising chemical demand, reaching around 780 million tons per year by 2030.
  • According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflow in India's air transport sector was estimated to be USD 2.95 billion between April 2000 and March 2021.
  • 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 Materials Market - Regional Trends

Competitive Landscape

The thermal spray materials market is partially fragmented in nature. The major companies include (in no particular order) Hoganas AB, Linde plc, H.C. Starck, CASTOLIN EUTECTIC, and OC Oerlikon Management AG, among others.

Market Concentration - Thermal Spray Materials Market.png

Recent Developments

  • In Jun 2021, Oerlikon acquired Inglass SpA, an Italian company and its innovative hot runner's system technology.
  • In Oct 2020, Masan High-Tech Materials signed agreements with Mitsubishi Materials Corporation to establish a strategic alliance in the tungsten industry for developing a leading, high-tech tungsten materials platform.

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 Usage of Thermal Spray Coating in Medical Device Manufacturing

      2. 4.1.2 Rising Demand of Thermal Spray Ceramic Coatings

      3. 4.1.3 Extensive Consumption in Anti-corrosion Applications

      4. 4.1.4 Evolution in the Wind Power Sector in the Asia-Pacific

    2. 4.2 Restraints

      1. 4.2.1 Emergence of Alternate Substitutes

    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

      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 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 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

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        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 (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aisher APM LLC

      2. 6.4.2 Ametek Inc.

      3. 6.4.3 Aimtek Inc.

      4. 6.4.4 C&M Technologies GmbH

      5. 6.4.5 CASTOLIN EUTECTIC

      6. 6.4.6 CenterLine (Windsor) Limited

      7. 6.4.7 CRS Holdings Inc.

      8. 6.4.8 Fisher Barton

      9. 6.4.9 Global Tungsten & Powders Corp.

      10. 6.4.10 HAI Inc

      11. 6.4.11 H.C.Starck GmbH

      12. 6.4.12 Hoganas AB

      13. 6.4.13 Hunter Chemical, LLC

      14. 6.4.14 Kennametal Stellite

      15. 6.4.15 Linde plc

      16. 6.4.16 LSN Diffusion Ltd

      17. 6.4.17 Metallisation Limited

      18. 6.4.18 Metallizing Equipment Co. Pvt. Ltd

      19. 6.4.19 OC Oerlikon Management AG

      20. 6.4.20 Polymet Corporation

      21. 6.4.21 Powder Alloy Corporation

      22. 6.4.22 Saint-Gobain

      23. 6.4.23 Sandvik AB

      24. 6.4.24 Treibacher Industrie AG

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

    2. 7.2 Recycling of Thermal Spray Processing Materials

    3. 7.3 Industrial Scale Production of Environmental Barrier Coatings (EBC) Thermal Spray Powders

    4. 7.4 Growth Prospects in the Oil and Gas Industry

**Subject to Availability

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Frequently Asked Questions

The Thermal Spray Materials Market market is studied from 2017 - 2027.

The Thermal Spray Materials Market is growing at a CAGR of 6.97% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Hoganas AB, Linde plc, H.C. Starck, CASTOLIN EUTECTIC, OC Oerlikon Management AG are the major companies operating in Thermal Spray Materials Market.

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