The global thermal spray coatings market accounted for a revenue share of USD 10.73 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. The use of thermal spray coatings in several end-use industries, such as steel, pulp & papers, automotive, aerospace, industrial gas turbine, medical, printing, and so on, is driving the market growth.
Thermal spray coatings have corrosion and high-temperature resistance, which protects the parts against fire in moisture-laden conditions, gas turbines are increasingly being used in helicopter engines, ships, tanks, and locomotives, which is expected to help increase the thermal spray coatings demand.
Thermal spray coatings offer a variety of benefits, including improved adhesion between the substrate and top layer of components, wear resistance against abrasion, cavitation, and erosive pressures, chemical resistance, and electrical insulation. Hard chrome plating produces a byproduct that is known to be a carcinogen, therefore, stringent regulations by the U.S. EPA, REACH, and OSHA regarding its prohibition implores coating manufacturers to adopt sustainable solutions. The aforementioned factors are driving market adoption in numerous end-use industries.
In 2021, the U.S. contributed the most to the regional market revenue in North America. This is ascribed to the high demand for industrial gas turbines from power plants, which is predicted to increase as a result of the U.S. government's policy shift toward using natural gas instead of coal to generate energy.
Thermal Spray Coatings Market Report Key Takeaways
- Based on product, the ceramic segment held a share of 31.5% in 2021. Ceramic coatings have strong adhesive qualities that enable them to stick to the surface and give the coated materials corrosion protection, a thermal barrier, electric strength, and resistance to sliding wear
- With a revenue share of more than 32.0% in 2021, plasma spray emerged as the leading technology segment. Plasma spray provides superior bond strength, electrical conductivity, wear resistance, heat & oxidation resistance, and clearance control to the substrate surface
- A B-1B Lancer Forward Equipment Bay (FEB) panel underwent a cold spray repair in April 2020 by staff from the 28th Maintenance Squadron's Additive Manufacturing and Rapid Repair Facility. Through the maintenance of legacy aircraft components, this sort of repair promotes aircraft availability at a lower operational cost and may have a favorable effect on the cold spray technology segment growth in the aerospace industry
- High-Velocity Oxy-Fuel (HVOF) technology is popular in the world market. It is used to extend the life of the equipment by restoring specific characteristics of a component. The benefits of HVOF over other technologies include lower porosity due to higher particle impact velocities, a stronger bond to the underlying substrate, a lower oxide content, a smooth surface, improved wear resistance, and improved corrosion resistance
Thermal Spray Coatings Market Segments
- Thermal Spray Coatings Product Outlook (Revenue, USD Million, 2019 - 2030)
- Metals
- Ceramics
- Intermetallics
- Polymers
- Carbides
- Abradables
- Others
- Thermal Spray Coatings Application Outlook (Revenue, USD Million, 2019 - 2030)
- Aerospace
- Industrial Gas Turbine
- Automotive
- Medical
- Printing
- Oil & gas
- Steel
- Pulp & Paper
- Others
- Thermal Spray Coatings Technology Outlook (Revenue, USD Million, 2019 - 2030)
- Cold Spray
- Flame Spray
- Plasma Spray
- HVOF
- Electric Arc Spray
- Others
- Thermal Spray Coatings Regional Outlook (Revenue, USD Million, 2019 - 2030)
- North America
- Europe
- Germany
- U.K.
- France
- Finland
- Denmark
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- Thailand
- Malaysia
- Central & South America
- Middle East & Africa
- List of Key Players of Thermal Spray Coating Market
- Praxair Surface Technologies, Inc.
- Höganäs AB
- H.C. Starck Inc.
- Castolin Eutectic
- Wall Colmonoy Corp.
- Powder Alloy Corp.
- Saint-Gobain
- Carpenter Technology Corp.
- Fujimi Incorporated
- Durum Verschleiss-Schutz GmbH
- Montreal Carbide Co. Ltd.
- Kennametal Stellite
- Oerlikon Metco
- GTV Verschleißschutz GmbH (GTV Wear Protection GmbH)
- Flame Spray Technologies
- Medicoat AG
- Progressive Surface, Inc.
- TOCALO Co., Ltd.
- American Roller Company, LLC
- Bodycote plc
- Lincoteck Surface Solutions
- John Wood Group PLC
- F.W. Gartner Thermal Spraying
- Vitta Corporation
- Flame Spray Coating Co.
- Polymet Corporation
- Curtis-Wright Corporation
- Metallisation Ltd
- TST Coatings, Inc.
- Air Products and Chemicals, Inc.
- Metallizing Equipment Co. Pvt. Ltd
- TWI Ltd.
- Integrated Global Services
- A&A Thermal Spray Coatings
- Thermion
- Precision Coatings, Inc.
- Cincinnati Thermal Spray, Inc.
- Plasma Technology Incorporated
- HFW Industries, Inc.
- Racine Flame Spray Inc.
- BryCoat Inc.
