The global cold gas spray coating market size was valued at USD 963.2 million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027. The rising adoption of cold gas spray coating in aerospace and automotive aftermarket repair and maintenance activities is projected to assist the growth of the market over the forecast period. Cold spray coating technology, used for decades as a coating process, has recently revolutionized the component repairment field in various industries, especially in the aerospace industry.
It had a profound impact on reducing sustainment costs in the aerospace industry, thus gaining the attention of manufacturers and end-users in the market. The growing application of cold gas spray coatings in a wide range of materials for specific applications, including repair and surface finishing, is expected to drive the product demand in the coming years. In addition, the growing demand for consumer electronics owing to the factors, such as increasing disposable income, rapid urbanization, expanding middle class, and shifting spending priorities of consumers in the emerging countries, such as China and India, is further expected to propel the product demand in the coming years.
Furthermore, the rising application of advanced nanostructured and amorphous materials in various end-use industries, including electrical and electronics and medical, is expected to create lucrative growth opportunities for the manufacturers of cold gas spray coatings. Since nano-crystalline materials are temperature-sensitive, the cold gas spray coating can effectively be used without hampering their beneficial microstructure. These materials are now being widely used for manufacturing various advanced electrical equipment, such as sensors, electric boards, and data management systems.
However, government-mandated shutdowns, temporarily halting mining operations across the world, and several import tariffs imposed by the U.S. government owing to the ongoing trade war between the U.S. and China are expected to bring further volatility in the prices of raw materials in the coming years. All these factors are expected to restrain the growth of the market over the forecast period.
The high-pressure cold gas spray coating segment led the market and accounted for more than 57.0% share of the global revenue in 2019. High-pressure cold gas spray coating technology is widely used as a surface repair and coating technology in a broad range of industries, such as aerospace, automotive, and electronics. It is majorly used in repairing metallic components to improve the performance and extend the working life of equipment in the aforementioned industries. High-pressure cold gas spray coating technology utilizes the pressure of up to 50 bar with an axial injection of feedstock particles that are heated to a temperature of 11000 C, which allows higher metal deposition rate with exceptionally low oxide and porosity levels during the material build-up process.
Low-pressure cold gas spraying is a coating technique, which is generally considered for repairing light and high-ductile metallic components used in various end-use industries. Low-pressure cold gas spray technology utilizes ambient air as the propellant and operates at low pressure and low operating temperature conditions. These features make it a low-cost surface repair and coating technology and provide a competitive edge from the high-pressure cold gas spray technology. However, the rising usage of metal alloys and low-ductile components in the aerospace and automotive industries is expected to limit the growth of the low-pressure cold gas spray technology in the coming years.
The transportation end-use segment led the market and accounted for more than 46.0% share of the global revenue in 2019. The growing demand for cold gas spray coatings for application in coating and repairing of various components in the aerospace and automotive industries is projected to boost the demand for cold gas spray coatings over the forecast period. Cold gas spray coatings offer low porosity, excellent bonding, and oxide-free coating in the solid-state as well as at low temperatures, which make them suitable for application in the automotive and aerospace industries.
In addition, the application of cold gas spray coating helps increase the service life as well as improve the vehicle's performance by protecting the parts against wear, corrosion, fretting, and erosion. Most automotive manufacturers use cold gas spray coating as an alternative method to offer a high level of reliability, quality, and durability in low-cost base materials.
The rising demand for lightweight and high-performance materials in the automotive industry is projected to boost product demand over the forecast period. In addition, favorable government regulations regarding the application of lightweight materials to improve fuel efficiency are expected to drive the demand for cold gas spray coatings in the automotive industry.
In recent years, the cold gas spray coating technology has witnessed significant demand in the restoration and repair of housings for Integrated Drive Generators (IDG), which are used in commercial aircraft, such as Boeing 747, 737NG, and 777 and Airbus A330, A320, and A340. This is attributed to the high feasibility and economic viability of the cold gas spray coating technology in complexly designed components made of magnesium or aluminum alloys.
North America dominated the market and accounted for over 38.0% share of the global revenue in 2019. This is attributed to strong demand from the end-use segments, such as transportation, utility, and electrical and electronics. Favorable government regulations pertaining to the use of a lightweight and high-performance components in the automotive sector as an alternative to alloys and metals are expected to drive the regional demand for cold gas spray coatings over the forecast period. However, the shifting of manufacturing industries, such as the electrical and electronics industry, to the Asian countries with low wages, especially India and China, has hampered the regional demand, particularly in non-automotive end-use sectors.
Europe emerged as the second-largest regional market in 2019 and is expected to maintain its position over the forecast period. The presence of major countries with high military and defense spending, such as Russia, Germany, France, and the U.K., is propelling the demand for coatings, especially for protection purposes of aircraft and satellite components. This is creating significant opportunities for the manufacturers of cold gas spray coatings in the region.
However, the outbreak of COVID-19 in countries, such as the U.S., China, India, Brazil, and France, is anticipated to hamper the demand for the product, majorly in the automotive, aerospace, electrical, and electronics industries, in the near future. A majority of operations in the aforementioned industries have been halted or operating at half production capacity in order to follow social distancing measures to contain the spread of coronavirus.
The global market is found to be consolidated owing to the presence of a limited number of manufacturers across the globe. Companies in the market are actively indulged in the development of new material systems with improved properties, including a broad range of essential surface functionalities. The growing cases of mechanical failure of components in the aerospace industry, coupled with rising aftermarket repair and maintenance activities in the OEM market, are expected to offer significant growth opportunities for the manufacturers of cold gas spray coatings in the coming years. Some prominent players in the global cold gas spray coating market include:
Plasma Giken Co., Ltd.
VRC Metal Systems, LLC
Flame Spray Technologies B.V.
Curtiss-Wright Surface Technologies
Rus Sonic Technology, Inc.
Inovati
Medicoat AG
Bodycote
Praxair S.T. Technology, Inc.
ASB Industries, Inc.
Report Attribute |
Details |
Market size value in 2020 |
USD 956.5 million |
Revenue forecast in 2027 |
USD 1,230.6 million |
Growth Rate |
CAGR of 3.7% from 2020 to 2027 |
Base year for estimation |
2019 |
Historical data |
2016 - 2018 |
Forecast period |
2020 - 2027 |
Quantitative units |
Revenue in USD thousand/million & CAGR from 2020 to 2027 |
Report coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
Segments covered |
Technology, end-use, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country Scope |
U.S.; Canada; Mexico; Germany; U.K.; France; China; India; Japan; Brazil; Argentina; South Africa; GCC Countries |
Key companies profiled |
Plasma Giken Co., Ltd.; VRC Metal Systems, LLC; Flame Spray Technologies B.V.; Curtiss-Wright; Surface Technologies; Rus Sonic Technology, Inc.; Inovati; Medicoat AG; Bodycote; Praxair S.T. Technology, Inc.; ASB Industries, Inc. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global cold gas spray coating market report on the basis of technology, end-use, and region:
Technology Outlook (Revenue, USD Thousand, 2016 - 2027)
High Pressure
Low Pressure
End-use Outlook (Revenue, USD Thousand, 2016 - 2027)
Transportation
Aerospace
Jet Engine Parts
Rocket Motor Nozzles
Exhaust Systems
Pumps
Structured Elements
Satellites
Gearboxes
Landing Gears
Automotive
Exhaust Systems
Manifolds
Pistons and Cylinders
Piston Ring Heat Exchangers
Break
Bearing
Crank Shafts
Valve Seats
Heated glass
Electrical & Electronics
Power Electronic Heat Sinks
Refrigeration Units
Circuit Boards
Electrical Contacts
Electric Motors & Generators
Transformers
Semiconductors & Displays
Electro-plating
Bus bars Fluid Handling
Oil & Gas
Drilling Components
Gate Valves
Utility
Power Boilers
Gas and Hydro-Steam Turbine
Turbochargers
Solar Heat & Solar Energy Components
Nuclear
Medical
Orthopedic Prostheses
Dental Implants
Others
Others
Agriculture
Agricultural Harvesting Components
Regional Outlook (Revenue, USD Thousand, 2016 - 2027)
North America
The U.S.
Canada
Mexico
Europe
Germany
The U.K.
France
Asia Pacific
China
India
Japan
Central & South America
Brazil
Argentina
Middle East & Africa
GCC Countries
South Africa
b. The global cold gas spray coating market size was estimated at USD 963.2 million in 2019 and is expected to reach USD 956.5 million in 2020.
b. The cold gas spray coating market is expected to grow at a compound annual growth rate of 3.7% from 2020 to 2027 to reach USD 1.2 billion by 2027.
b. North America dominated the cold gas spray coating market with a share of 38.1% in 2019. This is attributable to strong demand from the aerospace and automobile industry as well as from other end-use industries such as utility and oil and gas.
b. Some of the key players operating in the global cold gas spray coating market include Plasma Giken Co., Ltd., VRC Metal Systems, LLC, Flame Spray Technologies B.V., Curtiss-Wright Surface Technologies, Rus Sonic Technology, Inc., Bodycote, Praxair S.T. Technology, Inc., and ASB Industries, Inc.
b. Key factors driving the cold gas spray coating market growth include rising adoption of cold gas spray coating in aerospace aftermarket repair & maintenance activities and the growing electrical & electronics industry in the Asia Pacific region.
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