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.
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.).
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.
Browse Full Report@ https://www.marketresearchfuture.com/reports/thermal-spray-coatings-market-6053
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