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Thermal Spray Coatings Market global share and forecast 2019-2026| DataM Intelligence

(EnergyIndustry.Net, November 14, 2019 ) Market Overview:-

Thermal spray coating is a process in which molten materials are sprayed onto a surface. The coating precursor is heated by electrical arc or by plasma. It can provide thick coatings approximately thickness range of 20 microns to several mm. The advantages are enhancing its adoption in several industries particularly in the aerospace and automotive industries.



Market Dynamics:-

Drivers:

• Growth in power and energy sector boosts the market growth due to an increase of its usage to enhance the life span of gas turbines and power generators owing to its superior properties such as heat resistance, and high corrosion resistance.

• Also, it is environmentally friendly compared to other coatings. Additionally, recent technical innovations and advancements of thermal spray coating process are also driving the market.

• Growth of various industries such as paints and coatings, automotive, aerospace, medical, and packaging are boosting the market due to its increasing scope of applications in these sectors as it provides thermal insulation to critical components.



• For instance, according to the US Census Bureau, the revenue of paint and coating manufacturing in the U.S. has increased by approximately 38% from 2010 to 2016. It also offers benefits such as surface sealing and clearance control, protection from atmospheric corrosion, high-temperature oxidation and corrosion control, abrasion, fretting, and erosion wear resistance.



Restraints:

• Despite the advantages of thermal spray coating, there are also a few limitations which are hindering the market.



• In this process, it is difficult to achieve thicker, and the coating formation process is uncertain, and there is no standard method for evaluating the degree of coating adhered to the substrate. Besides, a thermal spray coating setup is very expensive.



Market Segmentation:-

Based on substrate the global thermal spray coatings market is broadly segmented:

• Ceramics

• Metal

• Carbides

• Polymers

• Other substrates



Among all these ceramics occupied the dominant market share. In the forecast period, it is expected to grow at a higher CAGR, owing to its cost efficiency and easy availability. Also, it offers properties such as thermal resistance and corrosion resistance.



Based on the process the global thermal spray coatings market is segmented into:

• Plasma spraying

• HVOF spraying

• Flame spraying

• Arc spraying

• Other spraying techniques



Among all these flame sprayings accounted for significant market share. It is a thermal spray coating process that uses heat to produce high-quality surface coatings, which can adhere to the substrate. Also, it is a cost-effective process that offers wear resistance. Flame spraying finds applications in industries such as aerospace, infrastructure, oil exploration, and agriculture.



Based on the applications the global thermal spray coatings market is segmented into

• Aerospace

• Automotive

• Paints & Coatings

• Others(minor industries)



Among all these, aerospace segment is projected to grow at the highest CAGR in the forecast period owing to advantages such as low toxic gas emissions, wear and corrosion resistance, and electrical resistance. Also, growth in aerospace industry can propel the market. Significant aircraft manufacturers such as Boeing & Airbus focuses on increasing their production capacities to cater the demand for commercial and defense aircraft. For instance, Boeing and Airbus was delivered 763 and 718 aircrafts in 2017 respectively.



Download free report sample (For Region specific data) @https://www.datamintelligence.com/download-sample/thermal-spray-coatings-market



Geographical Trends:-

Geographically, the market is divided into:

• North America

• Europe

• South America

• Asia-Pacific

• The Middle East and Africa



North America occupies the dominant share in the global thermal spray coatings market, and it is expected to grow at a high CAGR in the forecast period owing to continuous growth in the aerospace industry in the United States along with the emergence of major aerospace companies in Mexico. Also, the growing automobile industry fueled the growth of the market in this region. For instance, according to OICA, approximately 17.5 million passenger cars and commercial trucks were produced throughout North America in 2017.



Competitive Landscape:-

The global thermal spray coatings market is highly fragmented with the presence of a large number of vendors across the globe. The market is characterized by the presence of well-diversified international, regional, and local vendors. In this market, a number of local and regional vendors provide different products and services with a high level of customization at a lower price than those of international vendors. Though new vendors are emerging in this market, they find it difficult to compete with the international players in terms of quality, features, functionalities, and service.



Significant players in the global thermal spray market are:

• Praxair Surface Technologies, Inc.

• Bodycote

• Plasma-Tec, Inc.

• Oerlikon Metco

• Surface Technology

• H.C. Starck GmbH

• Metallisation Limited



Key Takeaways:

• In June 2018, H.C. Starck launched molybdenum thermal spray powders, which are used to coat large areas to small metal components that are prone to corrosion, erosion, and wear.



• In December 2017, Praxair Surface Technologies, Inc. joined with GE Aviation to open a new advanced jet engine coatings facility in Ellisville, Mississippi.



View full report sample @https://www.datamintelligence.com/research-report/thermal-spray-coatings-market



For any queries/customization about the report@https://www.datamintelligence.com/enquiry/thermal-spray-coatings-market



About Us:

DataM Intelligence was established on an elemental idea of publishing Advanced Market Research Reports with precise data points & utmost accuracy that will accelerate the decision-making in designing disruptive solutions. We monitor and analyze the market by dissecting various parameters such as market influencers, competitive intensity, innovations, trends, and emerging products.



For more information:

Sai Kiran

Sales Manager

Website: www.datamintelligence.com

E-mail: pr@datamintelligence.com

DataM Intelligence

Sai

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com

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