Market Insights:
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.
Global Key Players:
·
Flame Spray Coating Company
·
General Magnaplate Corporation
·
Praxair S.T. Technology, Inc.
·
Oerlikon Metco Ag Wohlen
·
Plasma-Tec
·
Surface Technology
·
ASB Industries, Inc.
·
Cincinnati Thermal Spray, Inc.
·
Precision Coatings, Inc.
·
BryCoat Inc.
·
Progressive Surface
·
H.C. Starck GmbH
·
A&A Thermal Spray Coatings
·
Metallisation Ltd.
·
Air Products & Chemicals, Inc.
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.
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.
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