GVR Report cover Thermal Spray Coatings Market Size, Share & Trends Report

Thermal Spray Coatings Market Size, Share & Trends Analysis Report By Material (Metal, Ceramics, Abradable), By Technology (Plasma Spray, HVOF), By Application, By Region, And Segment Forecasts, 2024 - 203

  • Report ID: 978-1-68038-514-4
  • Number of Report Pages: 116
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2023 - 2030 
  • Industry: Bulk Chemicals

Thermal Spray Coatings Market Trends

The global thermal spray coatings market size was estimated at USD 10.46 billion in 2023 and is expected to grow at a CAGR of 4.8% from 2024 to 2030. The thermal spray coatings market growth depends on their use in various end-use industries like automotive, aerospace, medical, industrial gas turbine, printing, steel, and pulp & paper. The rising use of gas turbines in helicopter engines, tanks, ships, and locomotives is expected to help augment the demand for thermal spray coatings due to their high temperature and corrosion resistance, which protects the parts against fire in high-temperature and moisture-laden conditions.

U.S. Thermal Spray Coatings market size and growth rate, 2024 - 2030

The properties provided by thermal spray coatings include wear resistance against abrasion, cavitation, and erosive forces, chemical resistance, electrical insulation, and better adhesion between the substrate and top layer of components. The stringent regulations by the U.S. EPA, REACH, and OSHA regarding the curtailment of hard chrome plating, which produces a byproduct recognized as a carcinogen, influence the coating manufacturers to adopt sustainable solutions that can further propel the market growth in various end-use industries. In North America, the U.S. accounted for the largest share of the regional market in 2021.

In North America, the U.S. accounted for the largest share of the regional market in 2023. This is attributed to the high demand from power generation plants for industrial gas turbines, which are expected to witness a surge in gas turbine demand due to the policy transition of the U.S. government toward replacing coal with natural gas for electricity generation. According to the Rural Health Information Hub, there are currently 46 million adults over the age of 65 years living in the U.S., which is expected to grow to 90 million by 2050. The rising geriatric population and improved healthcare services in the U.S. are expected to drive the market for orthopedic implants required in knee cap replacement surgery and are anticipated to grow the market in the region.

Market Concentration & Characteristics

Market growth stage is medium and pace of the market growth is accelerating. During production of thermal spray coatings, due to flammable and carcinogenic nature of solvents the product needs frequent development. The degree of innovation in thermal spray coatings market remains low to medium. In recent past, powder-based coatings which are environment friendly products, has observed growing interest from market participants.

Thermal Spray Coatings Market Concentration & Characteristics

Thermal spray coatings market is characterized by low to moderate level of merger & acquisition activities. The market participants mainly adopt these strategies to reduce competition & risk, diversify the products, and increase the market share & profits. Collaboration and joint ventures are other strategies, wherein companies are looking to access the necessary knowledge and expertise in particular business and operation to pave the way for growth.

The impact of regulations on the thermal spray coatings market is low. These coating products are environment-friendly as they do not contain harmful solvents owing to low and compliant Volatile Organic Content (VOC). This results in higher Leadership Energy and Environmental Design (LEED) benefits coupled with safer working environments for applicators.

Threat of substitutes is expected to remain at medium and high levels. Hard chrome plating is plausible substitute to thermal spray coating products. However, the manufacturers in the aerospace and automotive industries prefer the latter as it is relatively simple technique. Technological advancement is expected to drive the innovation in thermal spray coatings and thus expected to gain prominent share over hard chrome plating.

End-user concentration is expected to remain at low to moderate levels over the coming years. The end-users in the market are from medical, automotive, aerospace, paper and gas turbine industry. There are large number of consumers available in the market along with requirements specific to application, this makes end-user concentration low.

Material Insights

Ceramics material segment dominated the market with a revenue share of over 31.0% in 2023. This is attributed to the fact that ceramic coatings have excellent adhesion properties, which help them adhere to the surface and provide corrosion protection, thermal barrier, dielectric strength, and sliding wear resistance to the coated materials. Due to the thermal barrier property, ceramics are often utilized in heat insulation applications to improve the operational efficiency of components in high-temperature environments and extend the service lifespan of components. Abradable materials tend to wear when rubbed against a highly abrasive material while protecting the underlying material and leaving it damage-free. It is used for coating gas turbine engines for clearance control, which helps prevent the change in dimensions that occur due to thermal expansion since the rotating assemblies and blades heat up and cool down during operation.

Hence it is used in aviation gas turbines, power generation, and gas and steam turbines as it improves safety and reduces fuel consumption. Abradable material is used for coating shafts, drive collars, labyrinth seals, compressor wheels, compressor impellers, and turbine wheels, which will further fuel its growth in the aerospace, steel, industrial gas turbine, and automotive industries. Carbide coatings are used in power, pulp & paper, and the automotive sector components to provide abrasion, adhesion, erosion, and fretting resistance to components. Their high melting point and the ability to maintain strength, hardness, and wear resistance at high temperatures make them suitable for coating gate valves, fixtures, pump housings, and wear plates. Also, carbide-based thermal spray coatings are used for coating components that are highly expensive and would further drive their consumption in the market.

Technology Insights

Plasma spray technology segment dominated the market with a revenue share of over 32.0% in 2023. This is attributed that this process provides the advantage of spraying metallic and ceramic materials onto various surfaces with excellent bond strength while minimizing substrate distortion on both large and small components offering. It provides electrical conductivity, clearance control, wear resistance, and heat & oxidation resistance to the substrate surface. The plasma thermal spray coatings process is used on printing rolls, gas turbines, industrial diesel engine piston rings, and oil & gas machinery. Moreover, this process is adopted widely in coating orthopedic and dental implants due to its ability to produce a dense and porous surface layer, surface roughness, and microstructure of the coatings depending upon the requirement.

The growing incidence of orthopedic injuries or diseases, such as arthritis and osteoarthritis, and the rapid rise in the geriatric population, especially in Europe and North America, propel the demand for orthopedic implants, which might fuel the growth of plasma thermal spray coatings technology. Cold spray technology uses thermal energy to soften or melt the feedstock and impacts particles at a high velocity onto a substrate. This technology finds use in corrosion protection, electronics, and the automotive industry due to its compatibility with various alloys, metals, composites, and refractory metals. The cold spray technology application is driven by its development to cover other end-use sectors, contributing to its growth.

For instance, in April 2020, members of the 28th Maintenance Squadron’s Additive Manufacturing and Rapid Repair Facility conducted a cold spray repair to a B-1B Lancer Forward Equipment Bay (FEB) panel. This type of repair increases aircraft availability at a reduced operational cost through the sustainment of legacy aircraft components and can positively impact segment growth in the aerospace sector. High-velocity oxy-fuel (HVOF) was the subsequent dominating technology in the global market. It is used to restore or improve a component’s properties or geometry, enabling the equipment’s life extension.

The advantages of HVOF over other technologies, such as lower porosity due to greater particle impact velocities, higher strength bond to the underlying substrate, lower oxide content, smooth surface, better wear resistance, and improved corrosion resistance, drive the segment growth. However, HVOF-sprayed coatings can be highly complex since their properties & microstructure depend upon numerous processing variables. Also, the powder sizes are restricted to about 5 - 60µm, which further limits its application.

Application Insights

Aerospace in the application segment dominated the market with a revenue share of over 32.0% in 2023. This is attributed to the high product demand in aerospace applications as parts in an aircraft are prone to degradation owing to particle erosion, hot corrosion, metal-to-metal wear, and fretting. According to a report published by Deloitte in 2021, due to the pandemic-induced impact on customer demand and pricing pressure, many aerospace manufacturers are seeking new aftermarket services revenue opportunities. This is expected to increase the Maintenance, Repair, and Overhaul (MRO) work, which can boost product demand in aerospace applications.

Global Thermal Spray Coatings Market share and size, 2023

The global focus on decarbonization is increasing due to the rising environmental issues from coal-fired power plants. This has driven many companies to work to develop power generation systems to develop alternatives to achieve carbon-free power generation. For instance, in March 2021, Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, commenced the development of a 40-megawatt (MW) class gas turbine that is fueled by 100% ammonia (NH3). Since ammonia does not produce carbon dioxide (CO2), it can push power generation companies to utilize industrial gas turbines for power generation requirements, simultaneously growing the demand for thermal spray coatings.

Regional Insights

North America Thermal Spray Coatings Market

North America dominated the market with a revenue share of 28.6% in 2022 due to the high product demand in key industries in the region, including aerospace, oil & gas, automotive, medical, and power generation. Moreover, the governments in the U.S. and Canada are funding projects to develop innovative coatings that can act as a driving factor for market growth. For instance, in February 2022, the Government of Canada announced to provide USD 18.92 million (CAD 24 million) through the New Frontiers in Research Fund for a project to develop unique molecular coatings that could save maintenance costs across sectors including healthcare, infrastructure, automotive, aerospace, and consumer electronics.

Thermal Spray Coatings Market Trends, by Region, 2024 - 2030

The aerospace sector in Asia Pacific is gaining traction due to major aircraft manufacturers like Airbus setting up manufacturing bases in the region and sourcing aircraft components from regional players in India like the Tata Group, Dynamatic Technologies, and Mahindra Group Companies. This can propel the market growth in the region as they have a huge demand for automotive components subjected to extreme pressures and temperatures. The Middle East & Africa region is the world leader in oil production. The presence of major oil-producing countries, such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran, is expected to create high product demand in the oil & gas industry of the region.

In addition, the improving healthcare sector, majorly in GCC countries, is anticipated to fuel the demand for medical devices, which, in turn, will create lucrative growth opportunities for the regional market. According to the Saudi National Committee for Steel Industry, the steel industry is the primary factor driving the non-oil contribution to the economy of Saudi Arabia. Also, the government is launching special economic zones to attract foreign companies to set up manufacturing bases in the country and contribute to the non-oil economy, which can further push the growing steel industry and positively impact the market for thermal spray coatings.

Key Companies & Market Share Insights

Some of the key players operating in the market include Cincinnati Thermal Spray, Inc., Höganäs AB, and 4     H.C. Starck, Inc. among others.

  • Cincinnati Thermal Spray, Inc., offers various types of products, including wear & corrosion, friction engineering, corrosion resistance, thermal protection, and electrical coatings.

  • Höganäs AB operates through several subsidiaries, namely Höganäs Japan K.K, Höganäs HOGAP AB, Höganäs France S.A.S, Höganäs East Europe LLC, North American Höganäs Holdings Inc., and Höganäs Italia S.r.I and is engaged in the manufacturing of thermal spray coatings.

  • H.C. Starck Inc. is engaged in the production of refractory metals, thermal spray powder, high-performance ceramics, niobium & rhenium, tantalum, molybdenum, and tungsten

  • Medicoat AG, Praxair Surface Technologies, Inc. and Precision Coatings, Inc. are some of the emerging market participants in the specialty chemicals market.

  • Medicoat AG provides coating systems and spray coatings for the medical sector. It offers optimized medical coatings that comply with the ISO standards and ASTM requirements.

  • Praxair Surface Technologies, Inc. is engaged in the production and distribution of surface-enhancing materials and offers ceramic and metallic coatings to address problems such as oxidation, high temperature, galling, erosion, corrosion, and abrasion.

Key Thermal Spray Coatings Companies:

  • Praxair Surface Technologies, Inc.
  • Höganäs AB
  • H.C. Starck Inc.
  • Castolin Eutectic
  • Wall Colmonoy Corp.
  • Powder Alloy Corp.
  • Saint-Gobain S.A.
  • Carpenter Technology Corp.
  • Fujimi Incorporated
  • Durum Verschleiss-Schutz GmbH
  • Montreal Carbide Co. Ltd
  • Kennametal Stellite
  • Oerlikon Metco
  • GTV Verschleißschutz GmbH (GTV Weat Protection GmbH)

Recent Developments

  • In June 2023, Applied Materials, Inc collaborated with IIT Ropar to conduct R&D for thermal spray coating industry to cater to the semiconductor industry.

  • In June 2023, OC Oerlikon Management AG announced significant advancements in thermal spray equipment by incorporating digitalization and introducing Metco IIoT, the first-ever Industry 4.0 platform for the thermal spray industry.

  • In May 2023, Kymera International announced acquisition of Thermal Spray Solutions, Inc. (TSS), a leading provider of thermal spray coatings for wear and corrosion resistance to U.S. Navy and shipbuilding sector. This is to boost the company’s strategy to expand its business special coating segment.

Thermal Spray Coatings Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 10.88 billion

Revenue forecast in 2030

USD 14.63 billion

Growth rate

CAGR of 4.8% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

Report updated

 January 2024

Quantitative units

Volume in kilotons, revenue in USD million and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material, technology, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; UK; France; Finland; Denmark; Sweden; Japan; China; India; Australia; Thailand; Malaysia; Brazil; Argentina; Saudi Arabia; UAE

Key companies profiled

Praxair Surface Technologies, Inc.; Höganäs AB; H.C. Starck Inc.; Castolin Eutectic; Wall Colmonoy Corp.; Powder Alloy Corp.; Saint-Gobain; Carpenter Technology Corp.; Fujimi Inc.; Durum Verschleiss-Schutz GmbH, Montreal Carbide Co. Ltd.; Kennametal Stellite; Oerlikon Metco; GTV Verschleißschutz GmbH (GTV Wear Protection GmbH)

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

 

Global Thermal Spray Coatings Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the thermal spray coatings market report on the basis of material, technology, application, and region:

Global Thermal Spray Coatings Market Report Segmentation

  • Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Metals

    • Ceramics

    • Intermetallics

    • Polymers

    • Carbides

    • Abradables

    • Others

  • Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Cold Spray

    • Flame Spray

    • Plasma Spray

    • HVOF

    • Electric Arc Spray

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Aerospace

    • Industrial Gas Turbine

    • Automotive

    • Medical

    • Printing

    • Oil & Gas

    • Steel

    • Pulp & Paper

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • U.K.

      • Italy

      • Finland

      • Denmark

      • Sweden

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

      • Thailand

      • Malaysia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • UAE

Frequently Asked Questions About This Report

Table of Contents

Chapter 1 Thermal Spray Coatings Market: Methodology and Scope
                   1.1 Market Segmentation & Scope
                   1.2 Market Definition
                   1.3 Information Procurement
                       1.3.1 Purchased Database
                       1.3.2 GVR’s Internal Database
                   1.4 Information analysis
                   1.5 Market formulation & data visualization
                   1.6 Data validation & publishing
                       1.6.1 Research scope and assumptions
                       1.6.2 List to Data Sources
Chapter 2 Thermal Spray Coatings Market: Executive Summary
                   2.1 Market Snapshot
                   2.2 Segment Snapshot
                   2.3 Competitive Landscape Snapshot
Chapter 3 Thermal Spray Coatings Market: Variables, Trends & Scope
                   3.1 Market Lineage Outlook
                       3.1.1 Parent Market Outlook
                   3.2 Industry Value Chain Analysis
                   3.3 Manufacturing/Technology Trends
                   3.4 Sales Channel Analysis
                   3.5 Price Trend Analysis
                       3.5.1 Factors influencing prices
                   3.6 Regulatory Framework (Standards and Compliances, Approvals, Policies)
                   3.7 Market Dynamics
                       3.7.1 Market Driver Analysis
                       3.7.2 Market Restraint ANalysis
                       3.7.3 Market Challenge Analysis
                       3.7.4 Market Opportunities Analysis
                   3.8 Industry Analysis Tools
                       3.8.1 PORTERs Analysis
                       3.8.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Thermal Spray Coatings Market: Supplier Portfolio Analysis
                   4.1 List of Raw Material Suppliers
                   4.2 Raw Material Trends
                   4.3 Portfolio Analysis/ Kraljic Matrix
                   4.4 Engagement Model
                   4.5 Negotiation Strategies
                   4.6 Best Sourcing Practices
Chapter 5 Thermal Spray Coatings Market: Material Estimates & Trend Analysis
                   5.1 Material Movement Analysis & Market Share, 2022 & 2030
                   5.2 Thermal Spray Coatings Market Estimates & Forecast, by Material (USD Million)
                       5.2.1 Metals
                            5.2.1.1 Thermal Spray Coatings Market Estimates and Forecasts, in Metals, 2018 - 2030 (USD Million)
                       5.2.2 Ceramics
                            5.2.2.1 Thermal Spray Coatings Market Estimates and Forecasts, in Ceramics 2018 - 2030 (USD Million)
                       5.2.3 Intermetallics
                            5.2.3.1 Thermal Spray Coatings Market Estimates and Forecasts, in Intermetallic 2018 - 2030 (USD Million)
                       5.2.4 Polymers
                            5.2.4.1 Thermal Spray Coatings Market Estimates and Forecasts, in Polymers 2018 - 2030 (USD Million)
                       5.2.5 Carbides
                            5.2.5.1 Thermal Spray Coatings Market Estimates and Forecasts, in Carbides 2018 - 2030 (USD Million)
                       5.2.6 Abradables
                            5.2.6.1 Thermal Spray Coatings Market Estimates and Forecasts, in Abradable 2018 - 2030 (USD Million)
                       5.2.7 Others
                            5.2.7.1 Thermal Spray Coatings Market Estimates and Forecasts, in Others 2018 - 2030 (USD Million)
Chapter 6 Thermal Spray Coatings Market: Technology Estimates & Trend Analysis
                   6.1 Technology Movement Analysis & Market Share, 2022 & 2030
                   6.2 Thermal Spray Coatings Market Estimates & Forecast, by Application (USD Million)
                       6.2.1 Cold Spray
                            6.2.1.1 Thermal Spray Coatings Market Estimates and Forecasts, in Cold spray, 2018 - 2030 (USD Million)
                       6.2.2 Flame Spray
                            6.2.2.1 Thermal Spray Coatings Market Estimates and Forecasts, in Flame spray 2018 - 2030 (USD Million)
                       6.2.3 Plasma Spray
                            6.2.3.1 Thermal Spray Coatings Market Estimates and Forecasts, in Plasma spray 2018 - 2030 (USD Million)
                       6.2.4 HVOF
                            6.2.4.1 Thermal Spray Coatings Market Estimates and Forecasts, in HVOF 2018 - 2030 (USD Million)
                       6.2.5 Electric Arc Spray
                            6.2.5.1 Thermal Spray Coatings Market Estimates and Forecasts, in Electric arc spray 2018 - 2030 (USD Million)
                       6.2.6 Others
                            6.2.6.1 Thermal Spray Coatings Market Estimates and Forecasts, in Others 2018 - 2030 (USD Million)
Chapter 7 Thermal Spray Coatings Market: Application Estimates & Trend Analysis
                   7.1 Application Movement Analysis & Market Share, 2022 & 2030
                   7.2 Application Market Estimates & Forecast, by Application (USD Million)
                       7.2.1 Aerospace
                            7.2.1.1 Thermal Spray Coatings Market Estimates and Forecasts, in Aerospace, 2018 - 2030 (USD Million)
                       7.2.2 Industrial Gas Turbine
                            7.2.2.1 Thermal Spray Coatings Market Estimates and Forecasts, in Industrial Gas Turbine 2018 - 2030 (USD Million)
                       7.2.3 Automotive
                            7.2.3.1 Thermal Spray Coatings Market Estimates and Forecasts, in Automotive 2018 - 2030 (USD Million)
                       7.2.4 Medical
                            7.2.4.1 Thermal Spray Coatings Market Estimates and Forecasts, in Medical 2018 - 2030 (USD Million)
                       7.2.5 Printing
                            7.2.5.1 Thermal Spray Coatings Market Estimates and Forecasts, in Printing 2018 - 2030 (USD Million)
                       7.2.6 Oil & gas
                            7.2.6.1 Thermal Spray Coatings Market Estimates and Forecasts, in Oil & gas 2018 - 2030 (USD Million)
                       7.2.7 Steel
                            7.2.7.1 Thermal Spray Coatings Market Estimates and Forecasts, in Steel 2018 - 2030 (USD Million)
                       7.2.8 Pulp & Paper
                            7.2.8.1 Thermal Spray Coatings Market Estimates and Forecasts, in Pulp & Paper 2018 - 2030 (USD Million)
                       7.2.9 Others
                            7.2.9.1 Thermal Spray Coatings Market Estimates and Forecasts, in Others 2018 - 2030 (USD Million)
Chapter 8 Thermal Spray Coatings Market: Regional Estimates & Trend Analysis
                   8.1 Thermal Spray Coatings Market: Regional Outlook
                   8.2 North America
                       8.2.1 North america Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.2.2 U.S.
                            8.2.2.1 Key country dynamics
                            8.2.2.2 U.S. Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.2.3 Canada
                            8.2.3.1 Key country dynamics
                            8.2.3.2 Canada Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.2.4 Mexico
                            8.2.4.1 Key country dynamics
                            8.2.4.2 Mexico Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                   8.3 Europe
                       8.3.1 Europe Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.3.2 Germany
                            8.3.2.1 Key country dynamics
                            8.3.2.2 Germany Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.3.3 UK
                            8.3.3.1 Key country dynamics
                            8.3.3.2 UK Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.3.4 France
                            8.3.4.1 Key country dynamics
                            8.3.4.2 France Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.3.5 Finland
                            8.3.5.1 Key country dynamics
                            8.3.5.2 Finland Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.3.6 Sweden
                            8.3.6.1 Key country dynamics
                            8.3.6.2 Sweden Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.3.7 Denmark
                            8.3.7.1 Key country dynamics
                            8.3.7.2 Denmark Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                   8.4 Asia Pacific
                       8.4.1 Asia Pacific Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.4.2 China
                            8.4.2.1 Key country dynamics
                            8.4.2.2 China Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.4.3 India
                            8.4.3.1 Key country dynamics
                            8.4.3.2 India Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.4.4 Japan
                            8.4.4.1 Key country dynamics
                            8.4.4.2 Japan Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.4.5 Australia
                            8.4.5.1 Key country dynamics
                            8.4.5.2 Australia Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.4.6 Thailand
                            8.4.6.1 Key country dynamics
                            8.4.6.2 Thailand Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.4.7 Malaysia
                            8.4.7.1 Key country dynamics
                            8.4.7.2 Malaysia Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                   8.5 Central & South America
                       8.5.1 Central & South America Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.5.2 Brazil
                            8.5.2.1 Key country dynamics
                            8.5.2.2 Brazil Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.5.3 Argentina
                            8.5.3.1 Key country dynamics
                            8.5.3.2 Argentina Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                   8.6 Middle East & Africa
                       8.6.1 Middle East & Africa Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.6.2 Saudi Arabia
                            8.6.2.1 Key country dynamics
                            8.6.2.2 Saudi Arabia Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       8.6.3 UAE
                            8.6.3.1 Key country dynamics
                            8.6.3.2 UAE Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 9 Competitive Landscape
                   9.1 Recent Developement
                   9.2 Key Company/Competition Categorization
                   9.3 List of key companies, by region
                   9.4 List of key companies, by technology/product
                       9.4.1 Identification of potential customers
                            9.4.1.1 Competitive Dashboard Analysis
                   9.5 Company Profiles
                       9.5.1 Praxair Surface Technologies, Inc.
                       9.5.2 Arkema
                       9.5.3 Höganäs AB
                       9.5.4 H.C. Starck Inc.
                       9.5.5 Castolin Eutectic
                       9.5.6 Wall Colmonoy Corporation
                       9.5.7 Powder Alloy Corporation
                       9.5.8 Saint-Gobain S.A.
                       9.5.9 Carpenter Technology Corporation
                       9.5.10 Fujimi Incorporated
                       9.5.11 Durum Verschleiss-Schutz GmbH
                       9.5.12 Montreal Carbide Co. Ltd.
                       9.5.13 Kennametal Stellite
                       9.5.14 Oerlikon Metco
                       9.5.15 AMT AG
                       9.5.16 GTV Verschleißschutz GmbH (GTV Wear Protection GmbH)


List of Tables

Table 1 List of Raw Material Suppliers
Table 2 U.S. macro-economic outlay
Table 3 Canada macro-economic outlay
Table 4 Mexico macro-economic outlay
Table 5 Germany macro-economic outlay
Table 6 UK macro-economic outlay
Table 7 France macro-economic outlay
Table 8 Finland macro-economic outlay
Table 9 Sweden macro-economic outlay
Table 10 Denmark macro-economic outlay
Table 11 China macro-economic outlay
Table 12 India macro-economic outlay
Table 13 Japan macro-economic outlay
Table 14 Australia macro-economic outlay
Table 15 Thailand macro-economic outlay
Table 16 Malaysia macro-economic outlay
Table 17 Brazil macro-economic outlay
Table 18 Argentina macro-economic outlay
Table 19 Saudi Arabia-economic outlay
Table 20 UAE macro-economic outlay
Table 21 Company Heat Map Analysis
Table 22 Financial Performance
Table 23 Product Benchmarking
Table 24 Key Companies Undergoing Expansions
Table 25 Key Companies Involved in Collaborations
Table 26 Key Companies Involved in Partnerships
Table 27 Key Companies Launching New Products
Table 28 List of Key Distributors/Channel Partners


List of Figures

Fig. 1 Thermal Spray Coatings Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Thermal Spray Coatings Market Snapshot
Fig. 7 Thermal Spray Coatings Market Segment Snapshot
Fig. 8 Thermal Spray Coatings Market Competitive Landscape Snapshot
Fig. 9 Thermal Spray Coatings Market - Value Chain Analysis
Fig. 10 Thermal Spray Coatings Market: Price Trend Analysis, 2018 - 2030 (USD/kg)
Fig. 11 Thermal Spray Coatings Market Dynamics
Fig. 12 Thermal Spray Coatings Market: PORTER’s Analysis
Fig. 13 Thermal Spray Coatings Market: PESTLE Analysis
Fig. 14 Thermal Spray Coatings Market: Portfolio Analysis/ Kraljic Matric, By Raw Material
Fig. 15 Thermal Spray Coatings Market Estimates & Forecasts, by Material: Key Takeaways
Fig. 16 Thermal Spray Coatings Market Share, By Material, 2022 & 2030
Fig. 17 Metal Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 18 Ceramic Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 19 Intermetallic Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 20 Polymers Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 21 Carbides Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 22 Arbadables Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 23 Others Thermal spray coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 24 Thermal Spray Coatings Market Estimates & Forecasts, by Technology: Key Takeaways
Fig. 25 Thermal Spray Coatings Market Share, By Application, 2022 & 2030
Fig. 26 Cold Spray Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 27 Flame Spray Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 28 Plasma Spray Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 29 High Velocity Oxy Fuel (HVOF) Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 30 Electric Arc Spray Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 31 Others Thermal spray coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 32 Thermal Spray Coatings Market Estimates & Forecasts, by Application: Key Takeaways
Fig. 33 Thermal Spray Coatings Market Share, By Application, 2022 & 2030
Fig. 34 Aerospace Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 35 Industrial Gas Turbine Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 Automotive Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Medical Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 Printing Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 Oil & Gas Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 Steel Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Oil & Gas Thermal Spray Coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 Others Thermal spray coating Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 Thermal Spray Coatings Market Revenue, by Region, 2022 & 2030 (USD Million)
Fig. 44 North America Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 45 U.S. Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 46 Canada Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 47 Mexico Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 Europe Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 Germany Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 UK Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 France Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 52 Finland Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 53 Denmark Thermal Spray Coatings Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
Fig. 54 SwedenThermal Spray Coatings Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
Fig. 55 Asia Pacific Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 56 China Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 57 India Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 58 Japan Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 59 Australia Thermal Spray Coatings Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
Fig. 60 Thailand Thermal Spray Coatings Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
Fig. 61 Malaysia Thermal Spray Coatings Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
Fig. 62 Central & South America Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 63. Brazil Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 64 Argentina Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 65 Middle East & Africa Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 66 Saudi Arabia Thermal Spray Coatings Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 67 UAE Thermal Spray Coatings Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
Fig. 68 Key Company/Competition Categorization
Fig. 69 Key Strategy Mapping

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Market Segmentation

  • Thermal Spray Coatings Material Outlook (Revenue, USD Million, 2018 - 2030)
    • Metals
    • Ceramics
    • Intermetallics
    • Polymers
    • Carbides
    • Abradables
    • Others
  • Thermal Spray Coatings Technology Outlook (Revenue, USD Million, 2018 - 2030)
    • Cold Spray
    • Flame Spray
    • Plasma Spray
    • HVOF
    • Electric Arc Spray
    • Others
  • Thermal Spray Coatings Application Outlook (Revenue, USD Million, 2018 - 2030)
    • Aerospace
    • Industrial Gas Turbine
    • Automotive
    • Medical
    • Printing
    • Oil & Gas
    • Steel
    • Pulp & Paper
    • Others
  • Thermal Spray Coatings Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Thermal Spray Coatings Market, By Material
        • Metals
        • Ceramics
        • Intermetallics
        • Polymers
        • Carbides
        • Abradables
        • Others
      • North America Thermal Spray Coatings Market, By Technology
        • Cold spray
        • Flame spray
        • Plasma spray
        • HVOF
        • Electric arc spray
        • Others
      • North America Thermal Spray Coatings Market, By Application
        • Aerospace
        • Industrial Gas Turbine
        • Automotive
        • Medical
        • Printing
        • Oil & gas
        • Steel
        • Pulp & Paper
        • Others
      • U.S.
        • U.S. Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • U.S. Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • U.S. Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Canada
        • Canada Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Canada Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Canada Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Mexico
        • Mexico Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Mexico Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Mexico Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
    • Europe
      • Europe Thermal Spray Coatings Market, By Material
        • Metals
        • Ceramics
        • Intermetallics
        • Polymers
        • Carbides
        • Abradables
        • Others
      • Europe Thermal Spray Coatings Market, By Technology
        • Cold spray
        • Flame spray
        • Plasma spray
        • HVOF
        • Electric arc spray
        • Others
      • Europe Thermal Spray Coatings Market, By Application
        • Aerospace
        • Industrial Gas Turbine
        • Automotive
        • Medical
        • Printing
        • Oil & gas
        • Steel
        • Pulp & Paper
        • Others
      • Germany
        • Germany. Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Germany Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Germany Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • UK
        • U.K Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • U.K Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • U.K Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • France
        • France Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • France. Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • France Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Italy
        • Italy Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Italy Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Italy Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Finland
        • Finland Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Other
        • Finland Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Finland. Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Denmark
        • Denmark Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Denmark Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Denmark Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Sweden
        • Sweden Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Sweden Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Sweden Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
    • Asia Pacific
      • Asia Pacific Thermal Spray Coatings Market, By Material
        • Metals
        • Ceramics
        • Intermetallics
        • Polymers
        • Carbides
        • Abradables
        • Others
      • Asia Pacific Thermal Spray Coatings Market, By Technology
        • Cold spray
        • Flame spray
        • Plasma spray
        • HVOF
        • Electric arc spray
        • Others
      • Asia Pacific Thermal Spray Coatings Market, By Applications
        • Aerospace
        • Industrial Gas Turbine
        • Automotive
        • Medical
        • Printing
        • Oil & gas
        • Steel
        • Pulp & Paper
        • Others
      • Japan
        • Japan Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Japan Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Japan Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • China
        • China Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • China Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • China Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • India
        • India Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • India Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • India Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Australia
        • Australia Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Australia Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Australia Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Thailand
        • Thailand Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Thailand Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Thailand Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Malaysia
        • Malaysia Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Malaysia Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Malaysia  Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
    • Central & South America
      • Central & South America Thermal Spray Coatings Market, By Material
        • Metals
        • Ceramics
        • Intermetallics
        • Polymers
        • Carbides
        • Abradables
        • Others
      • Central & South America Thermal Spray Coatings Market, By Technology
        • Cold spray
        • Flame spray
        • Plasma spray
        • HVOF
        • Electric arc spray
        • Others
      • Central & South America Thermal Spray Coatings Market, By Applications
        • Aerospace
        • Industrial Gas Turbine
        • Automotive
        • Medical
        • Printing
        • Oil & gas
        • Steel
        • Pulp & Paper
        • Others
      • Brazil
        • Brazil Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Brazil Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Brazil Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • Argentina
        • Argentina Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Argentina Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Argentina Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
    • Middle East & Africa
      • Middle East & Africa Thermal Spray Coatings Market, By Material
        • Metals
        • Ceramics
        • Intermetallics
        • Polymers
        • Carbides
        • Abradables
        • Others
      • Middle East & Africa Thermal Spray Coatings Market, By Technology
        • Cold spray
        • Flame spray
        • Plasma spray
        • HVOF
        • Electric arc spray
        • Others
      • Middle East & Africa Thermal Spray Coatings Market, By Applications
        • Aerospace
        • Industrial Gas Turbine
        • Automotive
        • Medical
        • Printing
        • Oil & gas
        • Steel
        • Pulp & Paper
        • Others
      • Saudi Arabia
        • Saudi Arabia Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • Saudi Arabia Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • Saudi Arabia Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others
      • UAE
        • UAE Thermal Spray Coatings Market, By Material
          • Metals
          • Ceramics
          • Intermetallics
          • Polymers
          • Carbides
          • Abradables
          • Others
        • UAE Thermal Spray Coatings Market, By Technology
          • Cold spray
          • Flame spray
          • Plasma spray
          • HVOF
          • Electric arc spray
          • Others
        • UAE Thermal Spray Coatings Market, By Applications
          • Aerospace
          • Industrial Gas Turbine
          • Automotive
          • Medical
          • Printing
          • Oil & gas
          • Steel
          • Pulp & Paper
          • Others

Thermal Spray Coatings Market Dynamics

Drivers: Increasing Demand For Industrial Gas Turbines

The increasing use of gas turbines in various applications such as locomotives, ships, tanks, motorcycles, and helicopters is anticipated to boost the demand for thermal spray coatings in future. These coatings, made of metal and polymer, are used in a powdered form on industrial gas turbine blades due to their high-temperature corrosion resistance properties. Thermal spray coatings serve multiple purposes in both stationary and flight gas turbines. They are used as protective coatings to resist corrosion at high temperatures, as thermal insulation coatings for fire protection, and as clearance control coatings for repairing superalloy components. In response to concerns about global warming and carbon emissions, many countries, including the U.S., the EU, China, India, and Canada, have adopted strict emission regulations to promote the use of cleaner energy sources for power generation. This has led to the decommissioning of coal-fired power plants in many countries. In the EU, directives such as the Industrial Emissions Directive (IED) and Large Combustion Plant Directive (LCPD) have made it economically unviable for these aging coal-fired power plants to continue operating due to the environmental damage they cause.

Decreasing Preference For Hard Chrome Coatings

The manufacturing process of hard chromium plating results in the production of hexavalent chromium, a known carcinogen. This byproduct is a concern for many industries, as it is subject to stringent environmental and occupational regulations. These regulations are expected to tighten further in the future. Due to these strict rules, the cost of hard chrome plating is likely to rise, and the technology is becoming increasingly scarce due to the closure of older plating operations. However, there are numerous alternatives to hard chrome plating, including laser and weld coatings, and electro & electroless plates, among others. Some of the newly developed coatings designed to replace hard chrome plating do not contain any chrome. Those that do contain chrome are produced using methods that are safe for both workers and the environment and comply with regulations regarding hexavalent chromium. Various thermal spray coatings, such as polymer, metal, intermetallic, and ceramic, have been developed to replace hard chrome. These coatings have proven to be superior in certain applications, especially in the aerospace industry. They are typically designed to protect against wear and corrosion, and in some cases, both.

Restrains: Volatile Raw Material Prices

The overall growth of the thermal spray coating market is anticipated to be influenced by the highly unstable prices of raw materials. The prices of these materials have seen a significant increase due to a disruption in the supply of ammonium polyphosphate from China. Key components such as polymers and epoxy resins have experienced considerable price fluctuations, which are expected to impact the thermal spray coatings market in the forecast period. The prices of epoxy resin are predicted to be highly unstable due to changes in crude oil prices. Moreover, the increasing demand for epoxy resin in various applications, along with its limited production, is likely to lead to a rise in prices over the forecast period. Polyethylene (PE) and polypropylene (PP), which are key raw materials used in plastic thermal spray coatings, are derived from crude oil. Therefore, any fluctuation in their prices affects the cost of raw materials, further limiting the use of these coatings in various applications. In addition, the inconsistency in reseller margins and the lack of raw materials contribute to further price increases. A significant gap between supply and demand is a contributing factor to the price volatility, especially for PE and PP, due to their increasing demand from various other applications, particularly in packaging.

What Does This Report Include?

This section will provide insights into the contents included in this thermal spray coatings market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Thermal spray coatings market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Thermal spray coatings market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the thermal spray coatings market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for thermal spray coatings market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of thermal spray coatings market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Thermal Spray Coatings Market Categorization:

The thermal spray coatings market was categorized into four segments, namely material (Metals, Ceramics, Intermetallics, Polymers, Carbides, Abradables), technology (Cold Spray, Flame Spray, Plasma Spray, HVOF, Electric Arc Spray), application (Aerospace, Industrial Gas Turbine, Automotive, Medical, Printing, Oil & Gas, Steel, Pulp & Paper), regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The thermal spray coatings market was segmented into material, technology, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The thermal spray coatings market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Finland; Denmark; Sweden; Japan; China; India; Australia; Thailand; Malaysia; Brazil; Argentina; Saudi Arabia; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Thermal spray coatings market companies & financials:

The thermal spray coatings market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Cincinnati Thermal Spray, Inc - The company offers various types of products, including wear & corrosion, friction engineering, corrosion resistance, thermal protection, and electrical coatings.

  • Flame Spray Coating Co. - It provides a variety of materials, including metal alloy coatings, pure metal coatings, carbide coatings, ceramic coatings, synthetics, and composites. In addition, it also offers services, including machining, coating, welding, and grinding services.

  • Fujimi Incorporated - The company operates through four subsidiaries, namely Fujimi Corporation, Fujimi-Micro Technology SDN, Fujimi Europe GmbH, and Fujimi Taiwan Limited, and is engaged in the manufacturing and distributing of thermal spray coatings.

  • H.C. Starck, Inc. - The company is engaged in the production of refractory metals, thermal spray powder, high-performance ceramics, niobium & rhenium, tantalum, molybdenum, and tungsten.

  • Höganäs AB - The company operates through several subsidiaries, namely Höganäs Japan K.K, Höganäs HOGAP AB, Höganäs France S.A.S, Höganäs East Europe LLC, North American Höganäs Holdings Inc., and Höganäs Italia S.r.I and is engaged in the manufacturing of thermal spray coatings.

  • Medicoat AG - The company provides coating systems and spray coatings for the medical sector. It offers optimized medical coatings that comply with the ISO standards and ASTM requirements.

  • Powder Alloy Corp - The company offers ceramic, metal, specialty powder, and carbide for the brazing and thermal spray industries.

  • Praxair Surface Technologies, Inc. - The company is engaged in the production and distribution of surface-enhancing materials and offers ceramic and metallic coatings to address problems such as oxidation, high temperature, galling, erosion, corrosion, and abrasion.

  • Precision Coatings, Inc. - The company is engaged in the development, manufacturing, supply, and sales of thermal spray coatings. It provides thermal spray coatings to various end-use industries to solve performance problems, including heat management, electrical, friction, corrosion, and wear.

  • Saint-Gobain S.A. - The company operates through four business segments, including innovative materials, construction products, building distribution, and packaging.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Thermal Spray Coatings Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Thermal Spray Coatings Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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