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Tuesday, April 26, 2022

Global Thermal Spray Coating Market To Be Driven By The Rising Demand For Ceramics In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global
 Thermal Spray Coating Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global thermal spray coating market, assessing the market based on its segments like materials, processes, end use industries, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 8.97 Billion
• Forecast CAGR (2022-2027): 6.06%
• Forecast Market Size (2027): USD 12.75 Billion

The market growth of thermal spray coating can be attributed to the growing demand for ceramics. As ceramic has high availability and cost-effectiveness, it is increasingly being used in thermal spray coatings. With the growing preference for ceramic coatings in various end-use sectors like automobile, healthcare, and aerospace, among others, the market for thermal spray coating is witnessing robust growth. Furthermore, the robust growth of the plasma spraying process owing to its ability to spray diverse materials, ranging from metals to ceramics, is significantly contributing to the growth of the market. The market’s expansion can also be associated with the increasing investments in the aerospace and automotive sectors.

Industry Definition and Major Segments

Thermal spray coating is a coating process that enables the deposition of ceramics, metals, and alloys in layers with substantial thickness for engineering applications. The coating is typically used in various end-use sectors for reclamation and component protection. Moreover, thermal spray coatings are extensively used in the manufacturing of diesel engines, journals, gas turbines, oil field equipment, and medical implants, among others.

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By materials, the industry can be divided into:

• Ceramics
• Metal and Alloys
• Others

The market, based on processes, is segmented into:

• Flame Spraying
• Arc Spraying
• Plasma Spraying
• High-Velocity Oxygen Fuel (HVOF)
• Others

Based on end use industries, the market is classified into:

• Automotive
• Aerospace
• Industrial
• Others

The regional markets of thermal spray coating are:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The market is being fuelled by the growing demand for thermal spray coating in the automotive sector. This can be attributed to the rising deployment of thermal spray coating to coat brake discs, cylinder rings, exhaust pipes, crankshafts, and shifters, among others. As thermal spray coatings offer enhanced reliability and durability, they are increasingly utilised in automotive components of premium vehicles, hence invigorating the market. In addition, the growing use of thermal spray coatings in medical implants is bolstering the growth of the market. With the extensive demand for thermal spray coatings in aerospace applications and the rising investments in the aerospace sector, the market is poised to witness robust growth in the coming years.

Key Market Players

The major players in the market are Dupont De Nemours, Inc., 3M Company, A&A Company, Inc., Morgan Advanced Materials PLC, and CoorsTek, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1,000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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