Market Synopsis:
Thermal spray coating is a process in which the
coating materials are sprayed on the surface by melting them electrically or
chemically. Market Research Future (MRFR) has
published a detailed report stating that the global thermal spray
coatings market is anticipated to expand notably during the assessment period of 2018-2023. The wide range of application
of thermal spray coatings in multiple end-use industries is majorly fueling the growth of the global thermal spray coatings
market. rise in necessity of improving the durability and
functioning of mechanical components of various machines and introduction of
high-quality materials that provide thick coatings are some other factors that
are propelling the growth of the global thermal
spray coatings market during the assessment period.
Market Segmentation:
The global
thermal spray coatings market has been segmented on the basis of coating
material, heat source, process, end-use industry, and region. Based on coating
material, the global thermal spray coatings market has been segmented into
ceramic, carbide, metal & alloys, polymer, and cermet. Based on heat source, the global thermal spray coatings
market has been segmented into combustion flame and electrical energy. Based on
process, the global thermal spray
coatings market has been segmented into cold spray, flame spray, plasma spray,
high-velocity oxy-fuel, electric arc spray, and others. Based on end-user
industry, the global thermal spray coatings market has been segmented into
aerospace, automotive, healthcare, construction, industrial, energy & power,
electronics, agriculture, and others.
Regional Analysis:
Geographically,
the global thermal spray coatings market has been segmented into five major
regions such as Asia Pacific, North America, Latin America, Europe, and the
Middle East and Africa. The Asia Pacific region commands the major share of the global thermal spray coatings market owing
to the rapid industrialization and rise in number
of players due to availability of cheaper
raw materials and labor in this region. Rapid
expansion of end-use industries such as automotive, energy and power,
electronics, agriculture, and others is also contributing to the growth of the
thermal spray coatings market in the Asia Pacific region.
The North
America region commanded for the second largest share of the global thermal spray coatings market in the year 2017 and is anticipated to
project substantial growth during the assessment period. Presence of large number of end-0use industries such as
aerospace, automotive and others are inducing high demand for good-quality
thermal spray coatings, which in turn is propelling the expansion of the thermal spray coatings market in the North
America region. The Europe region is projecting noteworthy growth in the global thermal spray coatings market owing
to the increased production of high-quality thermal coatings to be utilized in
various end-use industries in this
region. Growing construction industry is contributing to the expansion of the thermal spray coatings market in the Middle East and Africa
region.
Industry Updates:
In August
2018, Flame Spray, one of the leading thermal spray coating manufacturers, has
announced the expansion of its Fountain Inn plant in Laurens County.
In October
2018, a new thermal spray coating machine developed by Oerlikon Mecto, Surface
One, has won the International Design Excellence Award and the Red Dot Design
Award.
Key Players:
The key players profiled by MRFR that are operating in the global thermal spray coatings
market are Flame Spray Coating Company (the U.S.), General Magnaplate
Corporation (the U.S.), Praxair S.T. Technology, Inc. (the U.S.), Oerlikon
Metco Ag Wohlen (Switzerland), Plasma-Tec (the U.S.), Surface Technology (the
U.K.), ASB Industries, Inc. (the U.S.), Cincinnati Thermal Spray, Inc. (the
U.S.), Precision Coatings, Inc. (the U.S.), BryCoat Inc. (the U.S.),
Progressive Surface (the U.S.), H.C. Starck GmbH (Germany), A&A
Thermal Spray Coatings (the U.S.), Metallisation Ltd. (England), and Air
Products & Chemicals, Inc. (the U.S.).
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