About Me

WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

Follow us

LATEST NEWS

04 Aug

Global Cristobalite Market Insight

Global cristobalite will increase steadily over the next...

03 Aug

Global Gold Nanoparticles Market Insight

The Gold Nanoparticles is forecast to crazy increase...

26 Jul

Global Flue Gas Desulfurization Market Insight

The Flue Gas Desulfurization is forecast to steadily...

25 Jul

Global Epoxy Reactive Diluents Market Insight

According to the WK-chem Research “Global Epoxy Reactive...

13 Jul
Global Thermal Spray Materials Market Insight 2022-07-13 Comments

The Thermal Spray Materials is forecast to crazy over the next few years. According to WK-chem Research, “Global Thermal Spray Materials Professional Survey Report 2022, Forecast to 2027”, The Thermal Spray Materials industry is growing rapidly with the increasing consumer demand. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.9% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“The thermal spray coatings market is expected to continue to expand over the next few years, with growth in aerospace, automotive, healthcare and other end-use industries expected to drive the thermal spray market.” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK -chem Research.

Market insight:

The growing automotive, aerospace and heavy machinery industries, as well as military and civilian airliners have led to an increase in the use of thermal spray technology. Thermal spray coatings are used to coat pistons and synchronizer rings in automotive applications. Likewise, thermal spray coatings are used in aerospace applications to coat and protect engine turbine blades from extreme temperatures and ensure increased reliability over extended periods of time. These coatings are replacing hard chrome coatings as the preferred coating method offering improved performance. This factor is expected to drive the growth of the market. Its physical properties, such as high temperature resistance, protect components from oxidation. This factor is expected to increase the demand for thermal spray coatings. Once a thermal spray coating has been applied, it is often difficult to judge the absorption of the coating other than by visual assessment. Additionally, thermal spray coatings require very expensive equipment, which results in high initial setup costs. These factors may limit the use of thermal spray coatings, especially in the medical field.

Competition Landscape:

Major key players operating in the thermal spray market include 3M, A&A Thermal Spray Coatings, Inc., APS Materials, Inc., CoorsTek, Inc., Dupont De Nemours, Inc., Integrated Global Services, Inc., KCC Corporation (KCC ), Linde Plc and Morgan Advanced Materials plc. Other players contributing to the thermal spray market share include Fosbel, Keronite Group, Oerlikon Metco, and Swain Tech Coatings. These major key players are adopting different strategies such as acquisitions, business expansion and collaboration to remain competitive in the global market. In September 2020, Höganäs Product Area Surface and Joining Technologies (SJT) and Lincotek Surface Solutions announced an agreement to further strengthen their ongoing partnership in product and coating development for thermal spray and surface technology applications.

Segmentation of Thermal Spray Materials Market:

On the basis of material, the global market is segmented into ceramics, metals, and alloys. Covering materials that can be used for thermal spraying include metals, alloys, ceramics, plastics and composites. They are fed in powder or wire structures, heated to a liquid or semi-molten state, and applied to substrates in the form of micron-sized particles. On the basis of material, the global market is segmented into ceramics, metals and alloys, and other materials such as plastics and composites. The metals and alloys segment is estimated to grow at the highest CAGR during the forecast period.
On the basis of process, the global thermal spray coating market size is segmented into flame spraying, arc spraying, plasma spraying, HVOF and others. The flame spray segment is the largest contributor to the market. The flame spray process is cost-effective and is therefore increasingly used for corrosion protection and surface enhancement. Aluminum, zinc, stainless steel, bronze, mild steel, nickel based materials, molybdenum are the materials used in this process. The plasma spraying segment is expected to grow at the highest CAGR during the forecast period.
On the basis of end-use industry, the market is segmented into automotive, aerospace, industrial, and others. The aerospace sector is the largest contributor to the market. North America reports an increase in the demand for thermal spray coatings due to the maturation of the aerospace industry and increased investments in similar industries to produce technologically advanced spacecraft. This factor is expected to enable manufacturers to produce aircraft engines with reduced weight by creating huge growth opportunities for ceramic materials. As aircraft manufacturers increasingly adopt ceramic materials in aircraft engines, competition among them is increasing, ultimately leading to an increase in the demand for thermal spray coatings. The automotive market is expected to grow at the highest CAGR during the forecast period.

Thermal Spray Materials Market: Regional Analysis:

The European region occupies the market share. Germany has the largest automotive industry in Europe. Germany leads the European car market with 41 assembly and engine production plants, which account for one-third of total European car production. Germany is one of the leading manufacturing bases in the automotive industry, with manufacturers from different sectors such as equipment manufacturers, material and component suppliers, engine manufacturers and complete system integrators. In addition, the German aviation industry includes more than 2,300 companies spread across the country, with the highest concentration of companies in northern Germany. The country has many production sites for aircraft interior components and materials, mainly in Bavaria, Bremen, Baden-Württemberg and Mecklenburg-Vorpommern. More than 30 to 35,000 new aircraft are expected to enter service over the next 20 years to meet growing aviation demand. Hence, the increase in aircraft production following the recovery from COVID-19 is also expected to contribute to the market growth over the forecast period. In addition, the UK is the largest market for high-end consumer electronics in Europe, with around 18,000 UK electronics companies. The demand for technologically advanced electronic devices in the country’s consumer electronics market has grown significantly. This demand growth is expected to drive the production of electronic products in the country, thereby leading to the demand for thermal spraying in electronic applications.

Cagr: 6.9%
Largest Share Region: Europe
Which country has the largest share of the region: Germany
Product Type: Materials, the global market is segmented into materials such as ceramics, metals, and alloys
Product Type: flame spraying, arc spraying, plasma spraying, HVOF, etc.
Application:Automotive, Aerospace, Industrial, etc.
Leading Company: 3M, A&A Thermal Spray Coatings, Inc., APS Materials, Inc., CoorsTek, Inc., Dupont De Nemours, Inc.