Thermal Spray Coatings Market

Market Leader - Thermal Spray Coatings Market

The global thermal spray coatings market is estimated to be USD 9.9 billion in 2018 and is projected to reach USD 13.7 billion by 2023, at a CAGR of 6.7% from 2018 to 2023. This growth can be attributed to the high demand for thermal spray coatings from various end-use industries such as aerospace, healthcare, and automotive.

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 manufacturers of thermal spray coatings.

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Praxair Surface Technologies, Inc. (US) is one of the leading players in the thermal spray coatings market. The company focuses on organic & inorganic strategies to maintain its leading position in the market. Praxair has a wide product portfolio for serving domestic & international markets. For example, Praxair and GE Aviation together opened up a new advanced jet engine coatings facility in Ellisville, Mississippi in December 2017. This facility specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses.

Oerlikon Metco (Switzerland) is another major player in the thermal spray coatings market. The company focuses on organic & inorganic growth strategies to strengthen its foothold. For example, Oerlikon signed an agreement to acquire the assets of DiaPac LLC in May 2017. DiaPac LLC is an internationally recognized leader in providing high-performance powered metals, wear resistant surface coatings and cemented carbides for use in oil & gas, mining, construction, agricultural and manufacturing operations. With this acquisition, Oerlikon gained strong complementary knowledge for the manufacturing, processing, application, and recycling of advanced materials, especially tungsten carbide. Moreover, Oerlikon Metco launched UniCoatPro, a new thermal spray system platform in May 2016. This platform is a touchscreen that helps users in learning and enhancing quality control for thermal spray applications.

Related Reports:

Thermal Spray Coatings Market by Material (Ceramics. Metals & Alloys), Process (Combustion Flame & Electrical), End-use Industry (Aerospace, Healthcare, Automotive, Energy & Power, Electronics), Region - Global Forecast to 2023

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Report Code
CH 5126
RI Published ON
1/25/2019
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