Market Size of Thermal Spray Powder Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thermal Spray Powder Market Analysis
The market for thermal spray powder is anticipated to register a CAGR of over 7% during the forecast period. Some of the major factors driving the growth of the market studied are the increasing demand for higher performance customized alloy powders, increasing prominence for plasma spray coatings, and extensive consumption of thermal sprayed tungsten-cobalt (WC-Co) coatings.
- Issues regarding process reliability and consistency and rising popularity of thermal spray ceramic coatings are expected to hinder the market's growth.
- Industrial scale production of environmental barrier coatings (EBC) thermal spray powders are projected to act as an opportunity for the market in the future.
- Aerospace sector is expected to dominate the market demand. North America is expected to lead the regional market share.
