Thermal Spray Coatings Market by Materials (Ceramics and Metals & Alloys), Process (Combustion Flame and Electrical), End-Use Industry (Aerospace, Automotive, Healthcare, Agriculture, Energy & Power and Electronics) and Region - Global Forecast to 2025
Updated on : May 19, 2023
Thermal Spray Coatings Market
The global thermal spray coatings market was valued at USD 7.6 billion in 2020 and is projected to reach USD 10.7 billion by 2025, growing at a cagr 7.0% from 2020 to 2025. The growth in the aerospace, automotive, healthcare and other end-use industries is expected to drive the market.
The coronavirus (COVID-19) outbreak has already brought considerable human suffering and major economic disruption. Output contractions in China are being felt around the world, reflecting the key and rising role China has in global supply chains, travel and commodity markets. Subsequent outbreaks in other economies are having similar effects, albeit on a smaller scale. The growth prospects remains highly uncertain until a vaccine is been found.
The COVID-19 pandemic has the potential to trigger a global economic crisis of significant dimensions, affecting all industries. One of the industry sectors in the eye of the coronavirus storm is aerospace. Global air traffic has been brought to an almost complete standstill by the COVID-19 outbreak. There is a serious impact of covid-19 on civil/ commercial aircraft manufacturing industry, the supply chain and aftermarket support businesses. However, seeing the tradition of MERS (Middle East Respiratory Syndrome), SARS (Severe Acute Respiratory Syndrome) and H1N1 (Swine influenza) which lasted not more 1-2 years, Covid-19 is also expected to remain for same time period. Additionally, vaccine trails for Covid-19 on humans are approved for the countries including Germany, US, UK and China. These factors are expected to stabilize the economy of the world in the near future.
By materials, the ceramic material is expected to be largest contributor in the thermal spray coatings market during the forecast period.
In materials, ceramic material is to register highest CAGR and will be the largest contributor towards thermal spray coatings market. The growing demand for ceramic material is due to its cost efficiency and easy availability. The growth is also driven by the growth in aerospace, healthcare, automotive and other end-use industries. Metals & Alloys material is most commonly preferred after ceramics. Metal & Alloys to be the second largest material which is been consumed in thermal spray coatings market during the forecast period. The cost of materials is low in North America & European regions due to easy availability of raw materials, but in Asia Pacific and Middle East & Africa regions the cost is almost 35% higher.
By end-use industry, the aerospace industry is expected to be largest contributor in the thermal spray coatings market during the forecast period.
The Aerospace industry is the largest consumer of thermal spray coatings market. This growth is mainly attributed to the boom in aerospace industry and demand backlog which is almost equal to 10 years. North America to be in lead in aerospace industry because of availability of big manufacturer such as Boeing. Automotive is another major industry for thermal spray coatings. Moreover, big manufacturers of aircrafts such as Boeing & Airbus are going to increase their production capacity to fulfill the demand for commercial & defense aircrafts
North America is expected to be the largest market during the forecast period.
The North America is the largest consumer of thermal spray coatings market. This growth is mainly attributed to the increasing urbanization & modernization, increasing personal disposable income and growing demand from various end-use industries such as aerospace. Also easy availability of raw materials in the region is expected to drive the growth of thermal spray coating market. US to be the largest contributor to the thermal spray coatings market in the region. Asia Pacific region is expected to register highest CAGR during the forecast period.
Thermal Spray Coatings Market Players
Companies such as Praxair Surface Technologies, Inc (US), BodyCote (UK), Oerlikon Metco (Switzerland), Surface Technology (UK), H.C Starck Gmbh (Germany), F.W. Gartner Thermal Spraying (US), Arc Spray (Pty) Ltd (South Africa), Metallisation Limited (UK), Plasma-Tec, Inc. (US), C&M Technologies GmbH (Germany), AMETEK Inc. (US), Flame Spray SpA (Italy), BryCoat Inc. (US), Thermal Spray Technologies, Inc. (tst) (US) are the leading players in the thermal spray coatings market, globally. Diversified product portfolio, multiple uses are factors responsible for strengthening the position of these companies in the thermal spray coatings market. They have also been adopting various organic and inorganic growth strategies, such as new product development, acquisition, and expansion, to enhance their current position in the thermal spray coatings market.
Thermal Spray Coatings Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2020 |
USD 7.6 billion |
|
Revenue Forecast in 2025 |
USD 10.7 billion |
|
CAGR |
7.0% |
|
Market size available for years |
2018-2025 |
|
Base year considered |
2019 |
|
Forecast period |
2019-2025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Materials, Process, End-Use Industry and Region |
|
Regions covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Companies covered |
Praxair Surface Technologies, Inc (US), BodyCote (UK), Oerlikon Metco (Switzerland), Surface Technology (UK), H.C Starck Gmbh (Germany), F.W. Gartner Thermal Spraying (US), Arc Spray (Pty) Ltd (South Africa), Metallisation Limited (UK), Plasma-Tec, Inc. (US), C&M Technologies GmbH (Germany), AMETEK Inc. (US), Flame Spray SpA (Italy), BryCoat Inc. (US), Thermal Spray Technologies, Inc. (tst) (US) |
This report categorizes the thermal spray coatings market based on materials, process, end-use industry and region.
On the basis of materials, the thermal spray coatings market has been segmented as follows:
- Ceramics
- Metals & Alloys
- Others (carbides, composites and polymers)
On the basis of process, the thermal spray coatings market has been segmented as follows:
- Combustion Flame
- Electrical
On the basis of end-use industry, the thermal spray coatings market has been segmented as follows:
- Aerospace
- Automotive
- Healthcare
- Agricultural Machinery
- Energy & Power
- Electronics
- Others (food processing, defense, and printing industries)
On the basis of region, the thermal spray coatings market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Recent Developments
- In December 2019, Bodycote acquired Ellison Surface Technologies. The acquisition enhances the company for being one of the largest providers of thermal spray and engineered coating surface technology services in the world. Ellison’s business is an excellent strategic fit with Bodycote’s existing Surface Technology business, which itself has seen strong structural growth in recent years. Together, the enlarged business offers additional technologies and added resources to consolidate its leadership in surface coating solutions and specialist processes, including thermal spray coating, liquid coating, thermal processing, and diffusion coating. Ellison’s operations will be fully integrated into Bodycote’s business model both from an operational and commercial perspective, and will operate going forward under the Bodycote brand.
- In June 2019, Oerlikon signed an agreement to acquire AMT AG in Kleindöttingen, Switzerland. The acquisition is in line with Oerlikon’s strategy to focus and expand its surface solution technologies while increasing market applications and service accessibility to customers. AMT extends the product and service offerings for thermal spray applications and turnkey solutions for Oerlikon Metco.
- In February 2018, PG Technologies, Pte Ltd, a wholly owned subsidiary of Praxair Surface Technologies and GE Aviation, expanded its production to add additional coating capacity in Singapore to meet the aviation industry’s growing demand. The facility plans to double its electron beam physical vapor deposition (EBPVD) coating capacity as well as add other aviation-related coating processes in a new facility.
- In June 2018, H.C. Starck launched molybdenum thermal spray powders, which are spherical in shape and are designed for maximum flowability. These thermal spray powders are technologically advanced and are used for coating large areas to small metal components that are prone to corrosion, erosion, and wear. Molybdenum thermal spray powders are optimized for diverse spraying processes in plasma, flame, detonation, HVAF, and HVOF for high-velocity spray coating applications.
- In December 2017, Praxair Surface Technologies, Inc. and GE Aviation opened a new advanced jet engine coatings facility in Ellisville, Mississippi. This facility offers advanced coatings for jet engines to enable them to withstand high temperatures and stresses. This expansion helped both companies in expanding their foothold in the core aviation industry.
Key Questions Addressed by the Report
- What are the future revenue pockets in the thermal spray coatings market?
- Which key developments are expected to have a long-term impact on the thermal spray coating market?
- Which products, equipment and processes are expected to cannibalize existing markets?
- How is the current regulatory framework expected to impact the market?
- What will be the future product mix of the thermal spray coatings market?
- What are the prime strategies of leaders in the thermal spray coating market?
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of the thermal spray coatings market?
The cost-effectiveness of the thermal spray coating process coupled with growing demand from the healthcare industry for thermal coated parts are influencing the growth of the thermal spray coatings market.
Which are the key industries driving the thermal spray coatings market?
The aerospace and automotive industries are the key consumers in the thermal spray coatings market. The growth is supported by demand backlog in the aerospace industry, which is nearly up to 10 years.
What are the different materials used in thermal spray coatings?
Ceramics, metals & alloys, polymers, resins, and composites are the materials used in thermal spray coatings. Among these, ceramics accounted for the largest share in the thermal spray coatings market.
Which is the majorly used process of thermal spray coatings?
Thermal spray coatings are applied to components/parts through two processes, namely, combustion flame and electrical energy. Among these, combustion flame is the widely used process.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 18)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 21)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.3 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 29)
4 PREMIUM INSIGHTS (Page No. - 33)
4.1 ATTRACTIVE OPPORTUNITIES IN THERMAL SPRAY COATINGS MARKET
4.2 THERMAL SPRAY COATING MARKET, BY MATERIAL
4.3 THERMAL SPRAY COATINGS MARKET, BY PROCESS
4.4 THERMAL SPRAY COATING MARKET, BY REGION
4.5 NORTH AMERICA THERMAL SPRAY COATINGS MARKET, BY MATERIAL AND COUNTRY
5 MARKET OVERVIEW (Page No. - 36)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand from the healthcare industry
5.2.1.2 Reduced maintenance cost of thermally sprayed parts
5.2.1.3 Thermal spray substituting electroplating processes
5.2.1.4 Boom in the aerospace industry
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations for thermal spray coatings
5.2.3 OPPORTUNITIES
5.2.3.1 Adoption of new measures to conserve energy & harness renewable energy sources
5.2.4 CHALLENGES
5.2.4.1 Lack of technical skills
5.2.4.2 Low investment in R&D activities by end-use industries
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.1.1 Easy availability of raw materials
5.3.1.2 Presence of a large number of suppliers
5.3.2 BARGAINING POWER OF BUYERS
5.3.2.1 Presence of a large number of buyers
5.3.2.2 Large volume purchases
5.3.3 THREAT OF SUBSTITUTES
5.3.3.1 Availability of substitutes
5.3.3.2 Cost of available substitutes
5.3.4 THREAT OF NEW ENTRANTS
5.3.4.1 Presence of established players
5.3.4.2 Requirement for specific technical skills
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.3.5.1 Industry concentration
5.3.5.2 Exit barriers
6 INDUSTRY TRENDS (Page No. - 43)
6.1 AEROSPACE INDUSTRY
6.2 AUTOMOTIVE
6.3 AGRICULTURE
7 THERMAL SPRAY COATINGS MARKET, BY PROCESS (Page No. - 46)
7.1 INTRODUCTION
7.2 COMBUSTION FLAME
7.3 ELECTRICAL
8 THERMAL SPRAY COATINGS MARKET, BY MATERIAL (Page No. - 51)
8.1 INTRODUCTION
8.2 CERAMICS
8.3 METALS & ALLOYS
8.4 OTHERS
9 THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY (Page No. - 57)
9.1 INTRODUCTION
9.2 AEROSPACE
9.2.1 FLAME TUBES
9.2.2 TURBINE BLADES
9.2.3 LANDING GEAR
9.3 AUTOMOTIVE
9.3.1 SUSPENSION PARTS
9.3.2 PISTON RINGS
9.3.3 TURBOCHARGERS
9.3.4 ENGINE PARTS
9.3.5 CHASSIS
9.3.6 CYLINDER LINERS
9.3.7 EXHAUST PIPES
9.4 HEALTHCARE
9.4.1 ORTHOPEDICS
9.4.2 MEDICAL INSTRUMENTS
9.4.3 OVER-THE-COUNTER MEDICINES
9.5 ENERGY & POWER
9.5.1 BOILERS
9.5.2 SHAFTS
9.5.3 HYDRO TURBINES
9.5.4 POWER GENERATORS
9.5.5 COMPRESSOR BLADES
9.6 ELECTRONICS
9.6.1 ELECTRONIC ENCLOSURES
9.6.2 INSTRUMENT NUTS
9.6.3 MAGNETIC TAPES
9.6.4 DIELECTRIC COATINGS
9.6.5 SHIELDING
9.7 AGRICULTURAL MACHINERY
9.7.1 HARVESTER BLADES
9.7.2 BALERS
9.7.3 COMPRESSORS
9.7.4 THRESHING COMPONENTS
9.7.5 AGRICULTURAL PUMPS & WASTEWATER TREATMENT EQUIPMENT
9.8 OTHERS
9.8.1 FOOD PROCESSING
9.8.2 DEFENCE
9.8.3 PRINTING
10 REGIONAL ANALYSIS (Page No. - 67)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.1.1 The US is projected to lead the North American thermal spray coatings market during the forecast period
10.2.2 CANADA
10.2.2.1 Increase in investments expected to drive the growth of the thermal spray coatings market in Canada
10.3 EUROPE
10.3.1 GERMANY
10.3.2 GROWTH OF END-USE INDUSTRIES IS EXPECTED TO DRIVE THE THERMAL SPRAY COATINGS MARKET IN GERMANY
10.3.3 UK
10.3.3.1 Increased production of automobiles and government investments are projected to fuel the thermal spray coating market in the UK
10.3.4 RUSSIA
10.3.4.1 The growth of the automotive industry is expected to drive the thermal spray coatings market in Russia
10.3.5 ITALY
10.3.5.1 Increased investments by the government in the healthcare and automotive industries is expected to drive the thermal spray coating market in Italy
10.3.6 FRANCE
10.3.6.1 The growth of the aerospace industry is expected to drive the growth of thermal spray coatings market in France
10.3.7 BELGIUM
10.3.7.1 Growth of the automotive & healthcare industries is driving the thermal spray coating market in Belgium
10.3.8 REST OF EUROPE
10.3.8.1 Growing investments from various countries and initiatives taken by governments to promote manufacturing are projected to boost the thermal spray coatings market in the Rest of Europe
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.1.1 China is projected to lead the Asia Pacific thermal spray coatings market during the forecast period
10.4.2 JAPAN
10.4.2.1 Increasing urbanization, capital investments, and technological advancements are expected to drive the thermal spray coatings market in Japan
10.4.3 INDIA
10.4.3.1 Increasing foreign investments are driving the thermal spray coating market in India
10.4.4 SOUTH KOREA
10.4.4.1 Technological advancements in the field of electronics are projected to drive the thermal spray coatings market in South Korea
10.4.5 VIETNAM
10.4.5.1 Availability of raw materials is expected to fuel the thermal spray coating market in Vietnam
10.4.6 REST OF ASIA PACIFIC
10.4.6.1 Growth in various industries is expected to fuel the thermal spray coating market in the region
10.5 LATIN AMERICA
10.5.1 MEXICO
10.5.1.1 Increased investments in the automotive industry are expected to drive the thermal spray coatings market in Mexico
10.5.2 BRAZIL
10.5.2.1 The growth of the automotive industry is expected to drive the thermal spray coating market in Brazil during the forecast period
10.5.3 COLOMBIA
10.5.3.1 Growing automotive and construction industries is driving the thermal spray coatings market in Colombia
10.5.4 ARGENTINA
10.5.4.1 The growth of end-use industries is fueling the thermal spray coating market in Argentina
10.5.5 REST OF LATIN AMERICA
10.5.5.1 Urbanization and the presence of a skilled workforce are expected to drive the thermal spray coatings market in the region
10.6 MIDDLE EAST & AFRICA
10.6.1 SAUDI ARABIA
10.6.1.1 The growth of the automotive industry is projected to drive the thermal spray coating market in the country
10.6.2 SOUTH AFRICA
10.6.2.1 Investments in the manufacturing sector are expected to drive the South African thermal spray coatings market
10.6.3 UAE
10.6.3.1 Rise in healthcare expenditure and growth of the aviation sector are expected to drive the growth of thermal spray coating market in the country
10.6.4 EGYPT
10.6.4.1 Increased focus to harness renewable energy and growth of the healthcare industry are expected to drive the thermal spray coatings market in Egypt
10.6.5 REST OF MIDDLE EAST & AFRICA
10.6.5.1 Increase in governmental spending is expected to drive the thermal spray coatings market in the Rest of Middle East & Africa
11 COMPETITIVE LANDSCAPE (Page No. - 98)
11.1 INTRODUCTION
11.1.1 DYNAMIC DIFFERENTIATORS
11.1.2 INNOVATORS
11.1.3 VISIONARIES
11.1.4 EMERGING COMPANIES
11.2 OVERVIEW
11.2.1 PRODUCT OFFERINGS
11.2.2 BUSINESS STRATEGIES
12 COMPANY PROFILES (Page No. - 102)
(Business overview, Products & services offered, Recent Developments, SWOT analysis, MNM view)*
12.1 PRAXAIR SURFACE TECHNOLOGIES, INC.
12.2 OERLIKON METCO
12.3 BODYCOTE
12.4 SURFACE TECHNOLOGY
12.5 H.C. STARCK GMBH
12.6 FLAME SPRAY COATING COMPANY
12.7 THERMAL SPRAY TECHNOLOGIES, INC. (TST)
12.8 A&A COATINGS
12.9 GENERAL MAGNAPLATE CORPORATION
12.10 PLASMA-TEC, INC.
12.11 ASB INDUSTRIES, INC.
*Details on Business overview, Products & services offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
12.12 OTHER LEADING PLAYERS
12.12.1 POLYMET CORPORATION
12.12.2 PROGRESSIVE SURFACE
12.12.3 BRYCOAT INC.
12.12.4 METALLISATION LIMITED
12.12.5 EXLINE, INC.
12.12.6 ASSOCIATED WEAR COATINGS, INC.
12.12.7 ARC SPRAY (PTY.) LTD.
12.12.8 F.W. GARTNER THERMAL SPRAYING
12.12.9 FLAME SPRAY SPA
12.12.10 TOCALO CO., LTD.
12.12.11 TREIBACHER INDUSTRIE AG
12.12.12 GTV VERSCHLEIßSCHUTZ GMBH
12.12.13 AMETEK INC.
12.12.14 C&M TECHNOLOGIES GMBH
13 APPENDIX (Page No. - 136)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.2 AVAILABLE CUSTOMIZATIONS
13.3 RELATED REPORTS
13.4 AUTHOR DETAILS
LIST OF TABLES (69 TABLES)
TABLE 1 THERMAL SPRAY COATINGS MARKET SNAPSHOT
TABLE 2 TOTAL FLEET PRODUCTION BY REGION OF AIRBUS:
TABLE 3 TOTAL FLEET PRODUCTION BY REGION OF BOEING:
TABLE 4 GLOBAL AUTOMOTIVE (VEHICLES) PRODUCTION
TABLE 5 THERMAL SPRAY COATING MARKET, BY PROCESS, 2016–2023 (USD MILLION)
TABLE 6 COMBUSTION FLAME THERMAL SPRAY COATINGS MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 7 ELECTRICAL THERMAL SPRAY COATING MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 8 THERMAL SPRAY COATINGS MARKET, BY MATERIAL, 2016–2023 (TONS)
TABLE 9 THERMAL SPRAY COATING MARKET, BY MATERIAL, 2016–2023 (USD MILLION)
TABLE 10 THERMAL SPRAY COATINGS MARKET FOR CERAMICS, BY REGION, 2016–2023 (TONS)
TABLE 11 THERMAL SPRAY COATING MARKET FOR CERAMICS, BY REGION, 2016–2023 (USD MILLION)
TABLE 12 THERMAL SPRAY COATINGS MARKET FOR METALS & ALLOYS, BY REGION, 2016–2023 (TONS)
TABLE 13 THERMAL SPRAY COATING MARKET FOR METALS & ALLOYS, BY REGION, 2016–2023 (USD MILLION)
TABLE 14 THERMAL SPRAY COATINGS MARKET FOR OTHER MATERIALS, BY REGION, 2016–2023 (TONS)
TABLE 15 THERMAL SPRAY COATING MARKET FOR OTHER MATERIALS, BY REGION, 2016–2023 (USD MILLION)
TABLE 16 THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 17 THERMAL SPRAY COATING MARKET IN AEROSPACE INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
TABLE 18 THERMAL SPRAY COATINGS MARKET IN AUTOMOTIVE INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
TABLE 19 THERMAL SPRAY COATING MARKET IN HEALTHCARE INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
TABLE 20 THERMAL SPRAY COATINGS MARKET IN ENERGY & POWER INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
TABLE 21 THERMAL SPRAY COATING MARKET IN ELECTRONICS INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
TABLE 22 THERMAL SPRAY COATINGS MARKET IN AGRICULTURAL MACHINERY INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
TABLE 23 THERMAL SPRAY COATING MARKET IN OTHER INDUSTRIES, BY REGION, 2016–2023 (USD MILLION)
TABLE 24 THERMAL SPRAY COATINGS MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 25 NORTH AMERICA THERMAL SPRAY COATINGS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 26 NORTH AMERICA MARKET, BY PROCESS, 2016–2023 (USD MILLION)
TABLE 27 NORTH AMERICA MARKET, BY MATERIAL, 2016–2023 (USD MILLION)
TABLE 28 NORTH AMERICA MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 29 US THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 30 CANADA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 31 EUROPE THERMAL SPRAY COATINGS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 32 EUROPE MARKET, BY PROCESS, 2016–2023 (USD MILLION)
TABLE 33 EUROPE MARKET, BY MATERIAL, 2016–2023 (USD MILLION)
TABLE 34 EUROPE MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 35 GERMANY THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 36 UK THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 37 RUSSIA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 38 ITALY THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 39 FRANCE THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 40 BELGIUM THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 41 REST OF EUROPE THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 42 ASIA PACIFIC THERMAL SPRAY COATINGS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 43 ASIA PACIFIC MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 44 ASIA PACIFIC MARKET, BY MATERIAL, 2016–2023 (USD MILLION)
TABLE 45 ASIA PACIFIC MARKET, BY PROCESS, 2016–2023 (USD MILLION)
TABLE 46 CHINA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 47 JAPAN THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 48 INDIA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 49 SOUTH KOREA THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 50 VIETNAM THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 51 REST OF ASIA PACIFIC THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 52 LATIN AMERICA THERMAL SPRAY COATINGS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 53 LATIN AMERICA MARKET, BY MATERIAL, 2016–2023 (USD MILLION)
TABLE 54 LATIN AMERICA MARKET, BY PROCESS, 2016–2023 (USD MILLION)
TABLE 55 LATIN AMERICA MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 56 MEXICO THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 57 BRAZIL THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 58 COLOMBIA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 59 ARGENTINA THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 60 REST OF LATIN AMERICA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 61 MIDDLE EAST & AFRICA THERMAL SPRAY COATINGS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 62 MIDDLE EAST & AFRICA MARKET, BY MATERIAL, 2016–2023 (USD MILLION)
TABLE 63 MIDDLE EAST & AFRICA MARKET, BY PROCESS, 2016–2023 (USD MILLION)
TABLE 64 MIDDLE EAST & AFRICA MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 65 SAUDI ARABIA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 66 SOUTH AFRICA THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 67 UAE THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 68 EGYPT THERMAL SPRAY COATINGS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
TABLE 69 REST OF MIDDLE EAST & AFRICA THERMAL SPRAY COATING MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
LIST OF FIGURES (36 FIGURES)
FIGURE 1 THERMAL SPRAY COATINGS MARKET SEGMENTATION
FIGURE 2 THERMAL SPRAY COATING MARKET: RESEARCH DESIGN
FIGURE 3 BOTTOM-UP APPROACH
FIGURE 4 TOP-DOWN APPROACH
FIGURE 5 THERMAL SPRAY COATINGS MARKET: DATA TRIANGULATION
FIGURE 6 CERAMICS PROJECTED TO BE MOST WIDELY CONSUMED MATERIAL IN THERMAL SPRAY COATING MARKET BETWEEN 2018 AND 2023
FIGURE 7 COMBUSTION FLAME IS THE LARGEST PROCESS SEGMENT OF THERMAL SPRAY COATINGS MARKET IN 2017
FIGURE 8 AEROSPACE PROJECTED TO BE LARGEST END-USE INDUSTRY OF THERMAL SPRAY COATING MARKET BETWEEN 2018 AND 2023
FIGURE 9 ASIA PACIFIC THERMAL SPRAY COATINGS MARKET PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 10 ASIA PACIFIC THERMAL SPRAY COATING MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 CERAMICS MATERIAL SEGMENT EXPECTED TO LEAD MARKET DURING THE FORECAST PERIOD
FIGURE 12 COMBUSTION FLAME SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF THERMAL SPRAY COATINGS MARKET IN 2017
FIGURE 14 US ACCOUNTED FOR LARGER SHARE OF THERMAL SPRAY COATING MARKET IN NORTH AMERICA IN 2017
FIGURE 15 THERMAL SPRAY COATINGS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 16 PORTER’S FIVE FORCES ANALYSIS
FIGURE 17 REGION-WISE AGRICULTURAL IMPORTS AND EXPORTS
FIGURE 18 COMBUSTION FLAME SEGMENT TO GROW AT HIGHER CAGR THAN ELECTRICAL SEGMENT DURING FORECAST PERIOD
FIGURE 19 HEALTHCARE END-USE INDUSTRY SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 20 ASIA PACIFIC IS FASTEST GROWING MARKET FOR THERMAL SPRAY COATINGS DURING THE FORECAST PERIOD 2018 TO 2023
FIGURE 21 NORTH AMERICA THERMAL SPRAY COATINGS MARKET SNAPSHOT
FIGURE 22 EUROPE THERMAL SPRAY COATING MARKET SNAPSHOT
FIGURE 23 ASIA PACIFIC THERMAL SPRAY COATINGS MARKET SNAPSHOT
FIGURE 24 LATIN AMERICA THERMAL SPRAY COATING MARKET SNAPSHOT
FIGURE 25 MIDDLE EAST & AFRICA THERMAL SPRAY COATINGS MARKET SNAPSHOT
FIGURE 26 DIVE CHART
FIGURE 27 PRAXAIR SURFACE TECHNOLOGIES, INC.: COMPANY SNAPSHOT
FIGURE 28 SWOT ANALYSIS
FIGURE 29 OERLIKON METCO: COMPANY SNAPSHOT
FIGURE 30 SWOT ANALYSIS
FIGURE 31 BODYCOTE: COMPANY SNAPSHOT
FIGURE 32 SWOT ANALYSIS
FIGURE 33 SWOT ANALYSIS
FIGURE 34 SWOT ANALYSIS
FIGURE 35 SWOT ANALYSIS
FIGURE 36 SWOT ANALYSIS
The study involved four major activities to estimate the current market size for thermal spray coatings. Exhaustive secondary research was done to collect information on market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation was used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to for identifying and collecting information for this study. Secondary sources includes annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.
Primary Research
The thermal spray coatings market comprises several stakeholders such as raw material suppliers, end product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the developments in the aerospace, automotive, healthcare, energy & power and other end-use industries. The supply side is characterized by market consolidation activities undertaken by water filter producers. Several primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following are the breakdown of primary respondents—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation:
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the thermal spray coatings market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation:
After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and sub-segments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives:
- To analyze and forecast the size of the thermal spray coatings market in terms of value
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To define, describe, and forecast the market by materials, process, end-use industry and region.
- To forecast the size of the market with respect to 5 regions, namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, along with their key countries
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as acquisitions, new product launches, and expansions in the market
- To strategically profile the key players and comprehensively analyze their market share and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
Regional Analysis
- A further breakdown of the regional thermal spray coatings market to the country level by materials
Country Information
- Regional market split by major countries
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
Growth opportunities and latent adjacency in Thermal Spray Coatings Market
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