Thermal spray coating market expected to Grow at 4.5% by 2031, Thermal spray coating technologies are highly versatile and used for an extremely wide range of applications. Thermal spray coating is a generic term for a group of processes that utilize a heat source to melt material in powder, wire or rod form which is used for coating required surface. Metals, alloys, ceramics, plastics and composites are some coating materials available for thermal spraying. All methods of thermal spraying involve the projection of small molten or softened particles onto a required surface where they adhere and form a continuous coating. The coating quality increases with increasing particle velocities. Plasma spraying, Detonation spraying, Wire arc spraying, Flame spraying, High velocity oxy-fuel coating spraying (HVOF), High velocity air fuel (HVAF), Warm spraying and Cold spraying are the types of thermal spray coating.

Thermal sprayed coatings are typically applied to metal substrates, but can also be applied to some plastic substrates. Thermal sprayed coatings uniquely enhance and improve the performance of the component. Key application industry of thermal spray coating include turbines, aerospace, automotive, medical and steel industry. Aerospace was the largest application segment in 2015 followed by turbine and automobile industry. Increasing demand from various applications like automotive and aerospace industry is expected to be one of the key market drivers.

North America was the largest market for thermal spray coating in 2015. Growing automobile sector and aerospace sector has resulted in rising demand for coating precision automobile parts and aero-engine parts in the region. Asia pacific is the fastest growing market due to developing aerospace and defense sector and many automobile manufacturers are setting up units in particularly in India and China.

Key players identified for Sulphur Recovery Technology market include but are not limited to:

Praxair Surface Technologies, Metallisation, OerlikonMetco, TST Engineered Coating Solutions, Kermetico, Inc., Flame Spray Coating Co., Surface Technology, Air Products & Chemicals, Hoganas 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 Wear Protection GmbH), Progressive Surface, Inc., TOCALO Co., Ltd., American Roller Company, LLC, Bodycote plc, Lincoteck Surface Solutions, John Wood Group PLC, F.W. Gartner Thermal Spraying, Vitta Corporation, Polymet Corporation, Curtis-Wright Corporation, Metallisation Ltd, TWI Ltd., Integrated Global Services, A&A Thermal Spray Coatings, Thermion, Precision Coatings, Inc., Cincinnati Thermal Spray, Inc., Plasma Technology Inc., HFW Industries, Inc., Racine Flame Spray Inc., BryCoat Inc. And Other Notable Players.   

This report offers:

• An overview of the global markets for thermal spray coating market
• Market trends assessment for the period 2014-2023, with historical information for 2013& 2014, and projections through 2023, with respective CAGRS during 2016-2023
• Qualitative assessment tools such as market drivers, challenges and future prospects
• Market competition scrutiny tools such as market share analysis, fractal map assessment, Porter’s Five Forces model
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the thermal spray coating market

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Thermal Spray Coating market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Thermal Spray Coating market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Thermal Spray Coating market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Thermal Spray Coating market?
• Which is the largest regional market for Thermal Spray Coating market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Thermal Spray Coating market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Thermal Spray Coating market worldwide?