Global Thermal Spray Coatings Market is Expected to Reach at a CAGR of 6.7% by 2024

Data Bridge Market Research provides new industry report “Global Thermal Spray Coatings Market” accounted for USD 8.43 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Complete report on Global Thermal Spray Coatings Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures

Global Thermal Spray Coatings Market Defination:

Thermal spray coating process involves the formation of substrates in molten and semi-molten form. This coating offers thick coating surface to the end applications. It also offers resistance to heat, corrosion, erosion and wears. There is a growing demand for thermal spray coating in aerospace, automotive, healthcare, energy & power and electronics activity, which is expected to be one of the major drivers of the market over the next seven years.

Major Market Drivers

  • Increasing demand for industrial gas turbines
  • Increasing preference for thermal spray coatings over hard chrome coatings
  • Automotive sector growth in Asia Pacific

Market Restraint:                 

  • Volatility in raw material price

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Some of the major players operating in this market are

  • Praxair Surface Technologies, Inc.
  • Oerlikon Metco
  • Surface Technology
  • C. Starck GmbH
  • Flame Spray Coating Company
  • Thermal Spray Technologies, Inc. (Tst)
  • A & A Coatings
  • General Magnaplate Corporation
  • Plasma-Tec, Inc.
  • Asb Industries, Inc.
  • Polymet Corporation
  • Progressive Surface
  • Brycoat Inc.
  • Metallisation Limited
  • Exline, Inc.
  • Associated Wear Coatings
  • ARC Spray (PTY) Ltd

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Market Segmentations:

Global Thermal Spray Coatings Market is segmented into

  • Process
  • Material
  • End-user
  • Geography

Market Segmentations in Details:

On the basis of Process into combustion flame and electrical energy.

On the basis of Material, the market is segmented into ceramic, metals, alloys and others.

On the basis of End-user, the market is segmented into aerospace, automotive, healthcare, energy & power, electronics and others. The aerospace is further sub segmented into flame tubes, turbine blades and landing gears.

On the basis of Geography the Thermal Spray Coatings Market is segmented into:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Company Share Analysis: Global Thermal Spray Coatings Market

Global Thermal Spray Coatings Market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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