Industry Outlook and Trend Analysis
The Thermal
Spray Coatings Market was worth USD 7.56 billion in 2014 and is
expected to reach approximately USD 13.22 billion by 2023, while registering
itself at a compound annual growth rate (CAGR) of 6.41% during the forecast
period. Rising application extent of the products, most remarkably in the
automotive and aerospace enterprises, attributable to preferences, for example,
thickness ability, wear and corrosion protection, low toxic gas discharges,
electrical protection, is anticipated to drive thermal spray covering market
development over the conjecture time frame. These coatings have expanding
market opportunity because of properties, for example, biocompatibility,
cavitation protection and aesthetic appeal, making them in a perfectly suited
for a few applications.
Competitive Insights
The leading players in the
market are ASB Industries Inc, Metallisation Ltd, TST Coatings Inc, The Welding
Institute, Flame Spray Coating Co, Precision Coatings Inc, Metallizing
Equipment Company Private Limited and Praxair Surface Technologies. The major
players in the market are profiled in detail in view of qualities, for example,
company portfolio, business strategies, financial overview, recent
developments, and share of the overall industry.
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Technology Outlook and Trend Analysis
The technologies covered in
the report scope incorporate flame, high velocity, cold, electric arc,
oxy-fuel, plasma, detonation gun, and shrouded plasma-arc spray coatings.
Plasma is foreseen to be the biggest developing innovation portion, slated to
develop tremendously over the estimate time frame. Quick industrialization and
foundation advancement is anticipated to drive bearing area over the conjecture
time frame.
Regional Outlook and Trend Analysis
North America was the
biggest market as far as income in 2016, and this pattern is foreseen to
proceed over the conjecture time frame. The regional portion was evaluated at
USD 2.42 billion in 2016 and is anticipated to develop at a significant CAGR
throughout the forecast period. Growing aerospace trade in the U.S., alongside
rise of real aerospace organizations in Mexico, is foreseen to fuel product
demand. Europe was the second-biggest market fragment in 2016 on the basis of
revenue.
The Thermal Spray Coatings Market is segmented a follows-
By Product:
Ceramics
Polymers
Abradables
Metals
Intermetallics
Carbides
Others
By Technology:
Flame spray
HVOF
Cold spray
Plasma spray
Electric arc spray
Others
By Application:
Electric arc spray
Medical
Oil & gas
Pulp & Paper
Aerospace
Automotive
Printing
Steel
Others
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By Region:
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and
Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in
2014 and forecast from 2015 to 2023?
What will be the industry
market growth from 2015 to 2023?
What are the major drivers,
restraints, opportunities, challenges, and industry trends and their impact on
the market forecast?
What are the major segments
leading the market growth and why?
Which are the leading
players in the market and what are the major strategies adopted by them to
sustain the market competition?
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