Thermal Spray Coatings Market Report
RA00398
Thermal Spray Coatings Market, by Material (Metal & Alloys, Ceramics, and Other), Process (Plasma Spraying, Arc Spraying, HVOF, Flame Spraying and Others), by End-Use Industry (Aerospace, Industrial, Automotive and Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027
Thermal Spray Coatings Market Analysis:
Thermal spray costing refers to a coating process that uses powder coating materials in order to coat a surface. These materials are in powdered format and in order to spray them on surfaces, they are first melted in droplets and after that sprayed at a high velocity. Thermal spray coating is utilized on a wide range of components and products that operate in adverse surroundings where corrosion, erosion, wear and tear, and heat occur regularly and eventually decrease the life of the component. Thermal spray coating prevents damage of any kind from environmental factors and protects the component or complete product from any kind of damage. Demand for thermal spray coating has been growing significantly and has caused a major rise in the growth of the market.
The growing demand for thermal spray coatings from the automotive sector is the major factor driving market growth
The automotive sector has been using thermal spray coating for multiple parts of the vehicle and its ever-growing applications in the automotive sector are driving the market growth. Growing consumer purchasing power and improving the standard of living are causing a major rise in the purchase of vehicles. People across the globe are extensively purchasing vehicles and this is causing a massive rise in the production of automobiles. This number is continuously rising due to growing economies and improved road infrastructure across the globe, which is motivating people to invest in automobiles. Vehicles require thermal spray coating massively for multiple components but most importantly for the engine. The engine of a car experiences massive heat and other adverse environmental conditions. In order to prevent the engine from getting damaged, automobile manufacturers are incorporating and adopting thermal spray coating methods extensively. These factors are causing an exponential rise in the demand for thermal spray coatings and facilitating market growth.
Difficulty related to assessment and expensive apparatus to hamper the market growth
It is extremely difficult to assess the material has properly absorbed the coating or is it properly applied as there is no method other than visual assessment. The visual assessment also cannot ensure completely that the coating is applied properly and absorbed as well. Further, the thermal spray coating procedure requires an extremely high priced apparatus which causes a major strain on firms and increases expenditure.
Growing applications in multiple industries, rising environmental concerns, and growing demand for longer PLC to create lucrative market opportunities
Thermal spray coating is experiencing a major adoption across various industries like heavy machinery industries, civil & military airliners, aerospace, automotive, and others. Increasing the application scope of gas turbines in tanks, locomotives, motorcycles, ships, and helicopters is creating a huge growth opportunity as gas turbines require extensive thermal spray coatings. The automotive sector uses thermal spray coating to coat multiple parts like body, fenders, moldings, suspension systems, and engines. Technological advancement in the automotive sector has led to increased automation and development of more environmentally friendly, smart hybrid automobiles. These hybrid vehicles extensively use thermal spray coating in order to keep the product intact. With the rise in demand for hybrid cars, the demand for thermal spray coating by the automotive sector will eventually increase and create growth opportunities. Further, growing environmental hazards from byproduct emissions from chromium plating are causing a positive shift towards thermal spray coating. The process of hard chromium plating causes emissions of carcinogens such as hexavalent chromium. These byproducts cause serious environmental threats and degrade the surroundings owing to which stringent government regulations are being formulated across the globe. These regulations will increase the demand for thermal spray coating solutions massively and will create lucrative market opportunities.
Thermal Spray Coatings Market, by Material:
Ceramics segment to be the most lucrative till 2027
Ceramics segment will have a dominating share in the global market and they are expected to register a significant revenue during the forecast timeframe. Ceramic material is widely adopted and most used owing to the benefits it provides. The benefits include easy availability, cost-efficiency, wear resistance, corrosion prevention, and thermal resistance. Further, growing applications and adoption by automotive, healthcare, aerospace, and various other industries owing to stringent government regulations are propelling the market growth.
Thermal Spray Coatings Market, by Process:
Flame spraying segment to register maximum growth
The flame spraying segment is anticipated to register maximum growth in the thermal spray coatings market during the forecast period. The flame spraying method is the most widely adopted process owing to low investments involved in the process. Flame processing is extensively used for the prevention of corrosion and to enhance & improve the overall performance of a surface. Further, the easy availability of raw materials used in flame spraying such as zinc, steel, bronze, nickel, molybdenum materials, and aluminum make the process cost-effective. All these factors are driving the growth of the flame spraying segment.
Thermal Spray Coatings Market, by End-Use Industry:
Automotive sector to grow at a fast pace
The automotive sector is expected to grow at a fast pace in the thermal spray coatings market during the forecast timeframe. Increased demand for vehicles across the globe, which has caused a significant rise in annual automobile production is one of the major factors for the increased demand for the segment. In addition, rising applications for improved product lifecycle with technological advancements such as hybrid cars are further increasing usage of thermal spray coatings and boosting the market growth.
Thermal Spray Coatings Market, by Region:
North America region to hold the largest market share
North America region is anticipated to hold the largest market share in the thermal spray coatings market during the forecast period. The region’s growth is majorly due to increasing demand from multiple end-use industries owing to environmental standards and rising modernization. Further, extensive utilization by aerospace industries particularly in the U.S. is fueling the market growth.
Asia-Pacific region to grow significantly
Asia-Pacific region is expected to grow significantly in the thermal spray coatings market during the forecast timeframe. Growing disposable income of consumers, rising usage in healthcare industries, growing oil and gas exploration, and stringent government regulations are the major factors driving the market growth. Further, the region has massive automotive manufacturers with the highest annual production rates, which is directly increasing demand for thermal spray coatings.
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Key Participants in the Global Thermal Spray Coatings Market:
Merger & acquisition and advanced product development are the frequent strategies followed by the market players
Source: Research Dive Analysis
Some of the significant thermal spray coatings market players include Integrated Global Services, APS Materials Inc., Morgan Advanced Materials, CoorsTek Inc., DuPont., 3M, KCC CORPORATION., A&A Thermal Spray Coatings Inc., Linde plc, and Fosbel Inc.
Thermal spray coatings market players are emphasizing more on merger & acquisition and advanced product development. These are the various strategies followed by established organizations. To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.
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Aspect |
Particulars |
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Historical Market Estimations |
2018-2019 |
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Base Year for Market Estimation |
2019 |
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Forecast timeline for Market Projection |
2020-2027 |
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Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
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Segmentation by Material |
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Segmentation by Process |
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Segmentation by End-Use Industry |
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Key Countries Covered |
U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
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Key Companies Profiled |
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Q1. Which are the leading companies in the thermal spray coatings market?
A. 3M, DuPont., and Morgan Advanced Materials are the leading companies in the thermal spray coatings market.
Q2. Which region possesses greater investment opportunities in the coming future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q3. What are the strategies opted by the leading players in this market?
A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.
Q4. Which companies are investing more in R&D practices?
A. DuPont and A&A Thermal Spray Coatings Inc. are investing more in R&D practices.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Thermal Spray Coatings Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Thermal Spray Coatings Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Thermal Spray Coatings Market, By Material
5.1. Overview
5.2 Aerospace
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Automotive
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Healthcare
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Agricultural Machinery
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 Energy & Power
5.6.1 Definition, key trends, growth factors, and opportunities
5.6.2 Market size analysis, by region, 2020-2027
5.6.3 Market share analysis, by country, 2020-2027
5.7 Electronics
5.7.1 Definition, key trends, growth factors, and opportunities
5.7.2 Market size analysis, by region, 2020-2027
5.7.3 Market share analysis, by country, 2020-2027
5.8 Others
5.8.1 Definition, key trends, growth factors, and opportunities
5.8.2 Market size analysis, by region, 2020-2027
5.8.3 Market share analysis, by country, 2020-2027
5.9 Research Dive Exclusive Insights
5.9.1 Market attractiveness
5.9.2 Competition heatmap
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6. Thermal Spray Coatings Market, By Platform
6.1. Overview
6.2 Combustion Flame
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Electrical
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Research Dive Exclusive Insights
6.4.1 Market attractiveness
6.4.2 Competition heatmap
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7. Thermal Spray Coatings Market, By Purity
7.1. Overview
7.2 Ceramics
7.2.1 Definition, key trends, growth factors, and opportunities
7.2.2 Market size analysis, by region, 2020-2027
7.2.3 Market share analysis, by country, 2020-2027
7.3 Metals & Alloys
7.3.1 Definition, key trends, growth factors, and opportunities
7.3.2 Market size analysis, by region, 2020-2027
7.3.3 Market share analysis, by country, 2020-2027
7.4 Others
7.4.1 Definition, key trends, growth factors, and opportunities
7.4.2 Market size analysis, by region, 2020-2027
7.4.3 Market share analysis, by country, 2020-2027
7.5 Research Dive Exclusive Insights
7.5.1 Market attractiveness
7.5.2 Competition heatmap
8. Thermal Spray Coatings Market, By Region
8.1 North America
8.1.1 U.S
8.1.1.1 Market size analysis, By Material, 2020-2027
8.1.1.2 Market size analysis, By Platform, 2020-2027
8.1.1.3 Market size analysis, By Purity, 2020-2027
8.1.2 Canada
8.1.2.1 Market size analysis, By Material, 2020-2027
8.1.2.2 Market size analysis, By Platform, 2020-2027
8.1.2.3 Market size analysis, By Purity, 2020-2027
8.1.3 Mexico
8.1.3.1 Market size analysis, By Material, 2020-2027
8.1.3.2 Market size analysis, By Platform, 2020-2027
8.1.3.3 Market size analysis, By Purity, 2020-2027
8.1.4 Research Dive Exclusive Insights
8.1.4.1 Market attractiveness
8.1.4.2 Competition heatmap
8.2 Europe
8.2.1 Germany
8.2.1.1 Market size analysis, By Material, 2020-2027
8.2.1.2 Market size analysis, By Platform, 2020-2027
8.2.1.3 Market size analysis, By Purity, 2020-2027
8.2.2 UK
8.2.2.1 Market size analysis, By Material, 2020-2027
8.2.2.2 Market size analysis, By Platform, 2020-2027
8.2.2.3 Market size analysis, By Purity, 2020-2027
8.2.3 France
8.2.3.1 Market size analysis, By Material, 2020-2027
8.2.3.2 Market size analysis, By Platform, 2020-2027
8.2.3.3 Market size analysis, By Purity, 2020-2027
8.2.4 Spain
8.2.4.1 Market size analysis, By Material, 2020-2027
8.2.4.2 Market size analysis, By Platform, 2020-2027
8.2.4.3 Market size analysis, By Purity, 2020-2027
8.2.5 Italy
8.2.5.1 Market size analysis, By Material, 2020-2027
8.2.5.2 Market size analysis, By Platform, 2020-2027
8.2.5.3 Market size analysis, By Purity, 2020-2027
8.2.6 Rest of Europe
8.2.6.1 Market size analysis, By Material, 2020-2027
8.2.6.2 Market size analysis, By Platform, 2020-2027
8.2.6.3 Market size analysis, By Purity, 2020-2027
8.2.7 Research Dive Exclusive Insights
8.2.7.1 Market attractiveness
8.2.7.2 Competition heatmap
8.3 Asia-Pacific
8.3.1 China
8.3.1.1 Market size analysis, By Material, 2020-2027
8.3.1.2 Market size analysis, By Platform, 2020-2027
8.3.1.3 Market size analysis, By Purity, 2020-2027
8.3.2 Japan
8.3.2.1 Market size analysis, By Material, 2020-2027
8.3.2.2 Market size analysis, By Platform, 2020-2027
8.3.2.3 Market size analysis, By Purity, 2020-2027
8.3.3 India
8.3.3.1 Market size analysis, By Material, 2020-2027
8.3.3.2 Market size analysis, By Platform, 2020-2027
8.3.3.3 Market size analysis, By Purity, 2020-2027
8.3.4 Australia
8.3.4.1 Market size analysis, By Material, 2020-2027
8.3.4.2 Market size analysis, By Platform, 2020-2027
8.3.4.3 Market size analysis, By Purity, 2020-2027
8.3.5 South Korea
8.3.5.1 Market size analysis, By Material, 2020-2027
8.3.5.2 Market size analysis, By Platform, 2020-2027
8.3.5.3 Market size analysis, By Purity, 2020-2027
8.3.6 Rest of Asia-Pacific
8.3.6.1 Market size analysis, By Material, 2020-2027
8.3.6.2 Market size analysis, By Platform, 2020-2027
8.3.6.3 Market size analysis, By Purity, 2020-2027
8.3.7 Research Dive Exclusive Insights
8.3.7.1 Market attractiveness
8.3.7.2 Competition heatmap
8.4 LAMEA
8.4.1 Brazil
8.4.1.1 Market size analysis, By Material, 2020-2027
8.4.1.2 Market size analysis, By Platform, 2020-2027
8.4.1.3 Market size analysis, By Purity, 2020-2027
8.4.2 Saudi Arabia
8.4.2.1 Market size analysis, By Material, 2020-2027
8.4.2.2 Market size analysis, By Platform, 2020-2027
8.4.2.3 Market size analysis, By Purity, 2020-2027
8.4.3 UAE
8.4.3.1 Market size analysis, By Material, 2020-2027
8.4.3.2 Market size analysis, By Platform, 2020-2027
8.4.3.3 Market size analysis, By Purity, 2020-2027
8.4.4 South Africa
8.4.4.1 Market size analysis, By Material, 2020-2027
8.4.4.2 Market size analysis, By Platform, 2020-2027
8.4.4.3 Market size analysis, By Purity, 2020-2027
8.4.5 Rest of LAMEA
8.4.5.1 Market size analysis, By Material, 2020-2027
8.4.5.2 Market size analysis, By Platform, 2020-2027
8.4.5.3 Market size analysis, By Purity, 2020-2027
8.4.6 Research Dive Exclusive Insights
8.4.6.1 Market attractiveness
8.4.6.2 Competition heatmap
9. Competitive Landscape
9.1 Top winning strategies, 2020-2027
9.1.1 By strategy
9.1.2 By year
9.2 Strategic overview
9.3 Market share analysis, 2020-2027
10. Company Profiles
10.1 Praxair Surface Technologies
10.1.1 Overview
10.1.2 Business segments
10.1.3 Product portfolio
10.1.4 Financial performance
10.1.5 Recent developments
10.1.6 SWOT analysis
10.2 Inc (US)
10.2.1 Overview
10.2.2 Business segments
10.2.3 Product portfolio
10.2.4 Financial performance
10.2.5 Recent developments
10.2.6 SWOT analysis
10.3 BodyCote (UK)
10.3.1 Overview
10.3.2 Business segments
10.3.3 Product portfolio
10.3.4 Financial performance
10.3.5 Recent developments
10.3.6 SWOT analysis
10.4 Oerlikon Metco (Switzerland)
10.4.1 Overview
10.4.2 Business segments
10.4.3 Product portfolio
10.4.4 Financial performance
10.4.5 Recent developments
10.4.6 SWOT analysis
10.5 Surface Technology (UK)
10.5.1 Overview
10.5.2 Business segments
10.5.3 Product portfolio
10.5.4 Financial performance
10.5.5 Recent developments
10.5.6 SWOT analysis
10.6 H.C Starck Gmbh (Germany)
10.6.1 Overview
10.6.2 Business segments
10.6.3 Product portfolio
10.6.4 Financial performance
10.6.5 Recent developments
10.6.6 SWOT analysis
10.7 F.W. Gartner Thermal Spraying (US)
10.7.1 Overview
10.7.2 Business segments
10.7.3 Product portfolio
10.7.4 Financial performance
10.7.5 Recent developments
10.7.6 SWOT analysis
10.8 Arc Spray (Pty) Ltd (South Africa)
10.8.1 Overview
10.8.2 Business segments
10.8.3 Product portfolio
10.8.4 Financial performance
10.8.5 Recent developments
10.8.6 SWOT analysis
10.9 Metallisation Limited (UK)
10.9.1 Overview
10.9.2 Business segments
10.9.3 Product portfolio
10.9.4 Financial performance
10.9.5 Recent developments
10.9.6 SWOT analysis
10.10 Plasma-Tec
10.10.1 Overview
10.10.2 Business segments
10.10.3 Product portfolio
10.10.4 Financial performance
10.10.5 Recent developments
10.10.6 SWOT analysis
10.11 Inc. (US)
10.11.1 Overview
10.11.2 Business segments
10.11.3 Product portfolio
10.11.4 Financial performance
10.11.5 Recent developments
10.11.6 SWOT analysis
10.12 C&M Technologies GmbH (Germany)
10.12.1 Overview
10.12.2 Business segments
10.12.3 Product portfolio
10.12.4 Financial performance
10.12.5 Recent developments
10.12.6 SWOT analysis
10.13
10.13.1 Overview
10.13.2 Business segments
10.13.3 Product portfolio
10.13.4 Financial performance
10.13.5 Recent developments
10.13.6 SWOT analysis
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