Global Thermal Spray Market Overview:
Thermal spraying is a versatile and advanced coating technology that involves depositing molten or heated materials onto a substrate to create a thin layer with desired properties. It is a versatile and widely used process that can be employed to enhance the surface characteristics of various materials, including metals, ceramics, and polymers. Thermal spraying relies on the application of heat to accelerate and melt feedstock materials, typically powders or wires, and propel them towards a substrate surface. The impact of these high-velocity particles causes them to deform and adhere to the substrate, forming a coating layer. The heat source used in thermal spraying can vary depending on the specific process, but common methods include plasma torches, flame torches, and high-velocity oxy-fuel torches.
As per latest study released by AMA Research, the Global Thermal Spray market is expected to see growth rate of 7.6% and may see market size of USD21700.0 Million by 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Product Innovation According to Customer Preferences and Development of Equipment with New Techniques
Market Growth Drivers:
Increasing Usages in the Aerospace Industry and Thermal Spray is Gaining Popularity Over Chrome Plating, which is Fueling the Growth of the Thermal Spray Market
Challenges:
The High Competition between Players and Formation of Globular Pores by Thermal Spray Coatings to Hinder the Market Growth
Restraints:
The High Cost of Thermal Spray Equipment
Opportunities:
The Increasing Demand in Chemicals and Materials Industry and The High Demand of Flame Spray in North America
Competitive Landscape:
The global thermal spray market is highly fragmented, with fierce competition among the top players for a large share of the global market. The majority of market players are vertically integrated, with a diverse product portfolio of thermal spray materials and equipment. Many players are arranging various strategies, entering into merger and acquisition and introducing more effective thermal spray equipment.
Some of the key players profiled in the report are Tekna Plasma Systems (Canada), Praxair Surface Technologies (United States), Flame Spray Technologies (United States), ProCoat Surface Technologies (United States), TAFA Thermal Spray (Canada), Plasma-Therm (United States), H.C. Starck (Germany), Surface Solutions (United States), Oerlikon Metco (Switzerland), Thermodyne Engineering (United States), Advanced Surface Technologies (United States), Metallizing Equipment (United States) and Sermatech (France). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Thermal Spray market by 2028. Considering Market by By Process, the sub-segment i.e. Combustion Flame will boost the Thermal Spray market. Considering Market by By Equipment, the sub-segment i.e. Thermal Spray Coating System will boost the Thermal Spray market. Considering Market by By Technology, the sub-segment i.e. Flame Spray will boost the Thermal Spray market. Considering Market by By Material , the sub-segment i.e. Powders will boost the Thermal Spray market.
Latest Market Insights:
In October 2021, Lincotek Equipment and Uniquecoat Technologies LLC partnered to further the growth of HVAF coatings across the European market. Uniquecoat Technologies LLC focused on developing thermal processes and manufactures a broad range of thermal spray system and supporting equipment.
In November 2022, Bodycote announced the expansion of its thermal spray coatings capabilities throughout the Middle East. Bodycote formed a cooperation with Mathevon Group to expand the thermal spray business in the area, particularly in Saudi Arabia.
What Can be Explored with the Thermal Spray Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Thermal Spray Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Thermal Spray
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thermal Spray market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Thermal Spray market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Providers, Thermal Spray Manufacturer, New Entrance, Supplier & Distributer, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.