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Thermal Spray Coatings Market Worth 11.44 Billion USD by 2021

 



(EnergyIndustry.Net, March 08, 2019 ) The report "Thermal Spray Coatings Market by Material (Ceramic, Metals & Alloys ), Process (Combustion Flame, Electrical Energy), End-Use Industry (Aerospace, Automotive, Healthcare, Energy & Power, Electronics), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 11.44 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021.

Request for free customization of report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=181347083

The growing use of thermal spray coatings to protect surfaces of various products and engineered components is fueling the growth of thermal spray coatings market. Moreover, the increasing demand for thermal spray coatings from various end-use industries, such as healthcare, aerospace, and energy & power, among others is also leading towards the growth of the thermal spray coatings market.

The aerospace end-use industry segment is projected to lead the thermal spray coatings market from 2016 to 2021.

The aerospace end-use industry segment accounted for the largest share of the thermal spray coatings in 2016. It was followed by the automotive, healthcare, and energy & power end-use industry segments. The demand for thermal spray coatings from the aerospace industry is continuously increasing to ensure the long durability of critical components of aircraft. Moreover, the increase in the number of aircraft due to rise in air passenger traffic across the globe is expected to contribute towards the growth of the aerospace end-use industry segment of the thermal spray coatings market during the forecast period.

The healthcare end-use industry segment of the thermal spray coatings market is projected to grow at the highest CAGR from 2016 to 2021.

Thermal spray coatings are increasingly used in the healthcare industry for coating orthopedic implants. One of the critical applications of thermal spray coatings is in biomedical implants. Thermal spray coatings ensure proper hydroxyapatite (HA) coating of implants. These coatings are also used in several critical biomedical applications. The healthcare end-use industry segment of thermal spray coatings market is projected to grow at the highest CAGR during the forecast period. This growth is attributed mainly to the significant use of thermal spray coatings for orthopedic implants, medical instruments, and apparatuses, among others.

Don't miss out on business opportunities in Thermal Spray Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=181347083

Browse in-depth TOC on "Thermal Spray Coatings Market"
72 - Market Data Tables
47 - Figures
153 - Pages

The Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR during the forecast period.

The Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR between 2016 and 2021. The growth of the Asia-Pacific thermal spray coatings market can be attributed to increasing demand for thermal spray coatings from various end-use industries, such as aerospace, automotive, electronics, and healthcare, among others. The thermal spray coatings markets in China and Japan are expected to grow significantly during the forecast period.

The growth of the Thermal Spray Coatings Markets in these two countries is due to increased consumption of electronic components in China and Japan. Growing demand for thermal spray coatings from the automotive industry is another major reason for the growth of thermal spray coatings markets in these countries.

A & A Coatings (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair Surface Technologies, Inc. (U.S.), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), Surface Technology (U.K.), H.C. Starck GmbH (Germany), and ASB Industries, Inc. (U.S.), among others are the key players operating in the thermal spray coatings market.
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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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Mr. Shelly Singh

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sales@marketsandmarkets.com

Source: EmailWire.Com

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