Industry Background:
Thermal spray powder is used for coating process. It will provide thick coatings. There are various applications of thermal coating powder such as aerospace industry, automotive industry, industrial gas turbines and Oil and Gas. Growing demand for higher performance customized alloy powders as well as extensive consumption of thermal sprayed tungsten-cobalt (WC-Co) coatings will help to boost global thermal spray powder market.
According to AMA, the market for Thermal Spray Powders is expected to register a CAGR of 7.24% during the forecast period to 2027. This growth is primarily driven by Wide Consumption in Anti-corrosion Applications and Rising Popularity of Thermal Spray Ceramic Coatings.
Globally, a noticeable market trend is evident Growing Demand for Higher Performance Customized Alloy Powders
. The Materials 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 Sandvik AB (Sweden), Praxair S.T. Technology, Inc. (United States), H.C. Starck GmbH (Germany), Oerlikon (Switzerland), Höganäs AB (Sweden), Bay State Surface Technologies Inc. (AIMTEK) (United States), C&M Technologies GmbH (Germany), Carpenter Powder Products (United States), Castolin Eutectic (Switzerland) and Global Tungsten & Powders (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.
Key Developments in the Market:
On 31st August 2018, Höganäs the world's largest producer of powdered metals has acquired H.C. Starck division for entry in ceramic market.
On 28th June 2018, H.C. Starck's Fabricated Products Division (FPR) has launched molybdenum thermal spray powders. That are designed for maximum followability.
Market Drivers
- Wide Consumption in Anti-corrosion Applications
- Rising Popularity of Thermal Spray Ceramic Coatings
Market Trend
- Growing Demand for Higher Performance Customized Alloy Powders
- Extensive Consumption of Thermal Sprayed Tungsten-cobalt (WC-Co) Coatings
Restraints
- Development of Hard Trivalent Coating
Opportunities
Industrial Scale Production of Environmental Barrier Coatings (EBC) Thermal Spray Powders, Increasing Demand Due to Recycling of Thermal Spray Processing Materials and Innovative Advancements in Spraying Technology
Challenges
Concerns Regarding Process Reliability as well as Consistency
AMA Research follow 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Thermal Spray Powders Study Sheds Light on
The Thermal Spray Powders Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Thermal Spray Powders industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Thermal Spray Powders industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.