Global Thermal Spray Coatings Industry is valued approximately USD 10.48 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2019-2026. Major factors responsible for high CAGR includes rising demand from industrial gas turbines and increasing adoption of thermal spray coatings over hard chrome coatings is expected to augment growth to global thermal spray coatings Industry over the forecast years. Thermal sprayed coatings are being increasingly used in landing gears of aircrafts as these coatings provide exceptional wear and tear resistance in application. Production of hard chromium plating produces carcinogenic byproduct, hexavalent chromium. The industries manufacturing these hard chromium plating is regulated under certain environmental and occupational framework which is expected to become more stringent during the forecast period stimulating the Industry for thermal spray coatings.
The regional analysis of global thermal spray coatings Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share owing to rising demand of Thermal Spray Coatings in end-user industries. Europe also contributes a satisfactory growth in the global thermal spray coatings Industry due to increasing demand of renewable energy. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026 due to growth in end-user industries including energy sector in developing countries such as India, China and Japan.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Thermal Spray Coatings Industry Share and Size by 2019-2025
Thermal Spray Coatings Market Segmentation:
Metals and Alloys
By End-Use Industry:
Energy and Power
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Thermal Spray Coatings Market are as follows:
Praxair Surface Technologies, Inc.
Oerlikon Metc -
Flame Spray Coating Company
H.C. Starck GmbH
Thermal Spray Technologies, Inc. (TST)
General Magnaplate Corporation
ASB Industries, Inc.