Industry Background:
High-velocity oxygen fuel coating could be a method of thermal spray coating that is employed to develop or restore a component’s surface dimensions or properties, therefore prolonging instrumentation life by considerably increasing wear resistance, erosion, and corrosion protection. to supply an exceptional coating hardness, for metals, alloys, and ceramics, high-velocity oxygen fuel coating is taken into account united of the simplest choices within the coating trade. HVOF coating provides substantial wear resistance, outstanding adhesion to the substrate material.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Praxair S.T. Technology, Inc. (United States), VAC AERO (Canada), Metallisation Ltd (United Kingdom), Bodycote (United Kingdom), Oerlikon Metco (Switzerland) and Advanced Material Technology (United States) |
This growth is primarily driven by Growing Demand for High-Velocity Oxygen Fuel (HVOF) Coating in Thermal Sprays and Rising Demand for The Aerospace and Industrial Customers to Coat Aircraft and Industrial Parts.
Globally, a noticeable market trend is evident Deployment of Investment or Capital on Research and Development Facility to Improve HVOF Coating Efficiency The Diversified Chemicals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Praxair S.T. Technology, Inc. (United States), VAC AERO (Canada), Metallisation Ltd (United Kingdom), Bodycote (United Kingdom), Oerlikon Metco (Switzerland) and Advanced Material Technology (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market for high-velocity oxygen fuel coating is fragmented by global key players catering to different applications in different end-user industries to improve the life span of equipment and help in notably advancing erosion, corrosion protection, and wear resistance of the equipment. The player should focus on product development and research and development activities in order to provide enhanced material properties with an even wider application range to grab the market share and sustain the high competition.
Key Developments in the Market:
In July 2019 –Oerlikon Metco announces the acquisition of AMT AG, a Sweden-based integrated thermal spray coatings systems provider. The move is expected to broaden Oerlikon’s surface solution technologies to cater to the expanding customer base and further strengthen its position in the competitive global marketplace.
In Nov. , 2020 Aerospace & aviation accounts for a significant share of the overall high velocity oxygen fuel (HVOF) tungsten carbide (WC) coating market, closely followed by power generation and automotive. HVOF tungsten carbide (WC) coating is highly preferred as it offers substantial protection to equipment by enhancing resistance to corrosion and wear, which makes it popular among many end-use industries.
Influencing Trend:
Deployment of Investment or Capital on Research and Development Facility to Improve HVOF Coating Efficiency
Market Growth Drivers:
Growing Demand for High-Velocity Oxygen Fuel (HVOF) Coating in Thermal Sprays and Rising Demand for The Aerospace and Industrial Customers to Coat Aircraft and Industrial Parts
Challenges:
Availability of Substitute in Market
Restraints:
Stringent Government Regulations for the High-Velocity Oxygen Fuel (HVOF) Coating
Opportunities:
Rising Applications of High-Velocity Oxygen Fuel Coatings in Equipment Industry for to Process Material Including Steels, Aluminium Superalloys, And Titanium
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in High Velocity Oxygen Fuel (HVOF) Coating Market
- Analysis about New Entrants in High Velocity Oxygen Fuel (HVOF) Coating Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, High Velocity Oxygen Fuel (HVOF) Coating Study Sheds Light on
The High Velocity Oxygen Fuel (HVOF) Coating Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the High Velocity Oxygen Fuel (HVOF) Coating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where High Velocity Oxygen Fuel (HVOF) Coating industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.