Published on : May 22, 2017
Albany, New York, May 22, 2017: The report provides a detailed analysis of all the important aspects, such as market dynamics, geographical and end-use industry segmentation, and competitive landscape. Thus, it serves as a reliable source of information regarding the global thermal spray coatings market. The data has been provided for the period between 2017 and 2022, keeping 2016 as the base year.
Globally, thermal spray coatings are acknowledged due to their cost-effectiveness. The increasing use of these coatings to protect surfaces of various products and engineered parts is propelling the global thermal spray coatings market. Moreover, the spiraling demand for these coatings from various end-use industries, such as aerospace, healthcare, and energy and power is stoking the growth of the market. On the flip side, the dearth of workforce with the adequate technical acumen to carry out processes involving thermal spray coatings and declining funds into research and development activities are inhibiting the growth of the global market. However, the widening scope of applications of these coating is likely to create ample growth opportunities for the global thermal spray coatings market.
Based on product, the global thermal spray coatings market is categorized into metals and alloys, ceramic, and others. The ceramic segment is likely to witness noteworthy growth during the forecast period. The superior adhesion property of ceramic provides them an edge over other materials.
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On the basis of end-use industries, the market is divided into automotive, energy and power, healthcare, aerospace, agricultural machinery, electronics, and others. Thermal spray coatings ensure long durability of critical parts of aircrafts and therefore, their demand is strong for high-temperature applications across the aerospace sector. The increasing air traffic is also supplementing the growth of the segment. The demand for these coatings is likely to witness a sharp rise from the healthcare industry owing to their significant use in medical instruments and orthopedic implants.
In terms of geography, the market is classified into the U.S., Southeast Asia, Europe, China, India, and Japan. The U.S. will be a prominent destination for key players in the market. The growth of the region can be attributed to the soaring uptake of commercial and industrial engineered components and products in several industries such as automotive and aerospace. China and Japan will be sights of high growth rate during the forecast period, owing to the swelling demand for electronic components and increasing manufacturing of automobile parts. The robust growth of various end-use industries such as healthcare and automotive is contributing to the growth of India.
Some of the H.C. Starck GmbH, Surface Technology, A & A Coatings, Thermal Spray Technologies Inc. (Tst), Flame Spray Coating Company, Plasma-Tec Inc., Asb Industries Inc., Oerlikon Metco, General Magnaplate Corporation, and Praxair Surface Technologies Inc.
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