Thermal spray coatings involve a heat source, which
melts the coating material in a powder, wire, or rod form into tiny droplets
and sprayed it onto the substrate at high velocity. Thermally sprayed coatings
are used to enhance and improve the performance characteristics of
the substrates by imparting resistance against wear, erosion, cavitation,
corrosion, abrasion, or heat. It is compatible with different substrates such
as metals as well as plastics. Various types of coating materials such as
ceramics, carbides, metals & alloys, polymers, and cermet are used for
thermal spray coatings. Thermal spray coating offers various advantages such as
thick coatings, high deposition rate, and low toxic gas emissions over several
surface treatment processes such as nickel and chrome plating, nitride or heat
treat processes, anodizing, and weld overlay.
Thermal spray coatings are used across a wide range
of applications in different end-use industries such as aerospace, automotive,
healthcare, energy & power, electronics, agriculture, and industrial. For
instance, they are widely used to coat industrial parts such aerospace
precision parts, agriculture equipment, automotive parts, industrial gas turbine,
electronics components, food & beverage industry reactors & other
equipment, chemical industry reactors & equipment, and healthcare equipment
to prevent it from environmental conditions such as corrosion, cavitation,
erosion, wear, abrasion, and heat.
Necessity to improve the durability of machine
components to avoid high replacement cost at later stagesis likely to fuel the
market growth during the forecast period. Growing use in the healthcare sector
for various application, such as prosthetics, dental implants, and orthopedics,
are expected to drive the market growth over the forecast period. Furthermore,
a considerable shift in consumer preferences towards thermal spray coatings
over hard chrome plating on account of stringent regulations by EPA and REACH
against the use of high VOC content coatings is expected to be one of the key
drivers of the global thermal spray coatings market over the forecast period.
Market Segmentation
The global thermal spray coatings market is
segmented by the coating material, heat source, process, end-use industry, and
region.
On the basis of the coating material, the global
thermal spray coatings market is segmented into ceramic, carbide, metal &
alloys, polymer, and cermet.
On the basis of the heat source, the global thermal
spray coatings market is segmented into combustion flame and electrical energy.
On the basis of the process, the global thermal
spray coatings market is segmented into cold spray, flame spray, plasma spray,
high-velocity oxy-fuel, electric arc spray, and others.
On the basis of the end-user industry, the global
thermal spray coatings market is segmented into aerospace, automotive,
healthcare, construction, industrial, energy & power, electronics,
agriculture, and others.
Regional Analysis The global thermal spray coatings market is segmented into five regions
namely Asia Pacific, North America, Europe, Latin America, and the Middle East
and Africa.
Asia Pacific holds a major share of the global
market in terms of size and consumption due to rapid industrialization on
account of relaxed investment norms and growing economies. Growth is attributed
to end-use industries such as automotive, healthcare, industrial, energy &
power, electronics, agriculture, and others. Countries such as China, India, and
Japan are major contributors to the market growth.
North America was the second larger market for
thermal spray coatings in 2017 and is expected to show a considerable growth
over the forecast period. End-use industries such as aerospace, healthcare, industrial,
energy & power, and agriculture are expected to contribute significantly to
the market growth during the forecast period.
Europe is another major market for thermal spray
coating and is expected to drive the demand to some extent over the forecast
period. End-use industries such as automotive, agriculture industry are
expected to majorly contribute to the market growth during the forecast period.
The Middle East & Africa and Latin America are
expected to show a moderate demand for thermal spray coating over the forecast
period mainly from the growing construction industry.
Key Players Some of the major players operating in the global thermal spray coatings
market are Flame Spray Coating Company (U.S.), General Magnaplate Corporation
(U.S.), Praxair S.T. Technology, Inc. (U.S.), Oerlikon Metco Ag Wohlen
(Switzerland), Plasma-Tec (U.S.), Surface Technology (UK), ASB Industries, Inc.
(U.S.), Cincinnati Thermal Spray, Inc. (U.S.), Precision Coatings, Inc. (U.S.),
BryCoat Inc. (U.S.), Progressive Surface (U.S.), H.C. Starck
GmbH (Germany), A&A Thermal Spray Coatings (U.S.), Metallisation Ltd.
(England), and Air Products & Chemicals, Inc. (U.S.).
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