Thermal Spray Coatings Market Analysis – By Product,By End users / Applications and Global Industry Overview, Trends and Future Forecast to 2025

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Thermal Spray Coatings Market Overview:

The thermal spray coatings market is projected to reach USD 11.48 billion by 2025, at a CAGR of 6.8% from 2018 to 2025.  Increasing application scope, owing to advantages such as wear and corrosion protection, low toxic gas emissions, thickness capability and electrical resistance is expected to fuel thermal spray coating market growth. Key applications include aerospace precision parts, automotive, medical instruments and industrial gas turbines.

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Thermal Spray Coatings Market Drivers and Challenges:

It is expected that the use of these coatings for biomedical and medical instruments to improve wear resistance and improve the biocompatibility of dental prostheses and implants will increase growth. It is expected that the expansion of the range of gas turbines in ships, locomotives, tanks, helicopters and motorcycles will increase the thermal spray coating market during the foreseen period. Thermal spray coatings of polymers and metals are used in powder form for industrial gas turbine blades due to properties such as corrosion resistance at high temperatures. The expansion of this sector is expected to have a positive impact on growth over the next seven years. Ceramics are mainly used in the biomedical industry.

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Geographical Analysis of Thermal Spray Coatings Market:

Based on key regions, the global market for thermal spray coatings has been segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa. North America dominated the market with more than 29.3% of the total market share of thermal spray coatings in 2015. The market in Asia Pacific is anticipated to expand at the highest CAGR in terms of value over the forecast period

The Major Players Covered in this Thermal Spray Coatings Market report are:

Praxair Surface Technologies, Inc., Oerlikon Metco, Surface Technology, H.C. Starck GmbH, Flame Spray Coating Company, Thermal Spray Technologies, Inc. (Tst),A & A Coatings, General Magnaplate Corporation, Plasma-Tec, Inc., Asb Industries, Inc.

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