SAN FRANCISCO, U.S., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Thermal Spray Coating Market by Material Type (Metals, Polymers, Ceramics, Carbides, and Others) By Process Type (Electrical, High-Velocity Oxy-Fuel (HVOF), Combustion Flame, Electric Arc, and Others), By Application (Medical Packaging, Polymer Heating, Engine Coatings, Pump Seal Coatings, Mold Lining, Wastewater Treatment Equipment, and Others), By End-Use Industry (Aerospace, Agriculture, Automotive, Energy & Power, Healthcare, Electronics, and Others) By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” in its research database.
“According to the latest research study, the demand of global Thermal Spray Coating Market size & share was valued at around USD 7,600 Million in 2020 and is expected to generate revenue of approximately USD 11,400 Million by the end of 2026, at a compound annual growth rate (CAGR) of about 7% during the forecast period 2021 to 2026.”
What is Thermal Spray Coating? How big is the Thermal Spray Coating Market?
Report Coverage & Overview:
Coatings are deposited on a substrate by a stream of finely divided particles in a molten or semi-molten state in thermal spray coating processes. Fine powdered material or, in certain cases, the molten metal wire that has been fractured into fine droplets is used in these procedures. The method is most commonly used to apply coatings on a variety of materials and components, providing resistance to wear, erosion, abrasion, heat, cavitation, and corrosion. Thermal spraying can also be used to provide sacrificial wear, electrical conductivity, chemical resistance, friction, lubricity, and a variety of other desired surface characteristics.
Metals, alloys, ceramics, cermets, carbides, polymers, and plastics are some of the coating materials that may be applied with a high deposition rate. Spray coating between two metallurgical metal parts is feasible because a thermal spray coating is mechanically attached to a substrate. Spraying is also possible with coating materials that have a greater melting point than the substrate. Thermal spray painting minimizes component deformation and requires little pre-heating or post-heating treatment.
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Industry Growth Factors:
Thermal spray coating is commonly used in engine coating to eliminate the need for highly heavy cast-iron liners, resulting in considerable reductions in fuel consumption, emissions, and corrosion in engine components. The market's growth is being fueled by the increasing use of X-ray photoelectron spectroscopy and scanning electron microscopy technologies for thermal spray coatings that are sprayed to engines and are extremely successful in preserving engine components such as piston rings and turbochargers. The coating minimizes engine wear and friction, protects against chemicals, and extends the engine's life cycle. Crankshafts, piston rings, cylinders, and valves are among the many components of fighter jet engines that employ thermal spray coatings. The expanding transportation industry boosts engine demand, which in turn promotes market expansion.
Key Insights from Primary Research:
- As per the analysis shared by our primary respondents, the Thermal Spray Coating market is predicted to grow at a CAGR of around 7% by 2026.
- Through the primary research, it was established that the Thermal Spray Coating market was valued at nearly USD 7,600 Million in 2020 and is expected to surpass a revenue of approximately USD 11,400 Million by the end of 2026.
- On the basis of region, North America is projected to Dominate Global Thermal Spray Coating Market Growth during the forecast period.
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Market Dynamics
Because of its oxidation, corrosion, tear, and dimensional reclamation qualities, strong chrome plating has been a viable option for the industry for many years. This coating can be done at low expenses, but it has some limits in terms of component size, thickness build-up, and operational performance. Growing environmental concerns, as well as stricter laws governing the chrome plating process and disposal of its by-products, as well as rising prices, are increasing demand for thermal spray coatings. As a result; it's become critical for the industry to develop alternative techniques that provide hard chrome plating with equivalent properties but without the associated risks. Thermal spraying technology is gradually emerging as a viable alternative to this technique, with the potential to provide complementary procedures for component safety and reclamation to the chrome plating industry. Chrome plating is significantly less durable than thermal coatings.
Furthermore, chrome plating contains micro-cracking inside the layer of plating, allowing corrosive substances with high or low pH to enter the plating and damage the substrate. Micro-cracking may be seen in the photomicrograph below. The fatigue resistance of thermal coatings is far greater than that of chrome plating. High-velocity oxygen fuel (HVOF) coatings apply a compressive force to the substratum, extending component life by preventing fracture start and fatigue failure. Chrome plating produces tensile loads on the surface of the substratum, causing cracks to develop and perhaps premature collapse. The market is expected to increase as end-use industries transition from chrome plating to thermal spraying.
Top Market Players:
- Praxair Surface Technologies Inc
- Lincotek Surface Solutions
- BodyCote
- American Roller Company
- LLC
- OerlikonMetco
- Powder Alloy Corp.
- Surface Technology
- BryCoat Inc.
- H.C StarckGmbh
- Flame Spray SpA
- F.W. Gartner Thermal Spraying
- Plasma-Tec Inc.
- Arc Spray (Pty) Ltd
- John Wood Group PLC
- Metallisation Limited
- C&M Technologies GmbH
- Montreal Carbide Co. Ltd.
- AMETEK Inc
Key questions answered in this report:
- What is the size of the thermal spray coating market and what is its expected growth rate?
- What are the main driving factors propelling the Thermal Spray Coating Market forward?
- What are the leading companies in the Thermal Spray Coating Industry?
- What segments does the Thermal Spray Coating Market cover?
- How can I receive a free copy of the Thermal Spray Coating Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2021−2026
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Material Type, Process Type, Application, End-Use Industry, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report Scope
| Report Attribute | Details |
| Market Size in 2020 | USD 7,600 Million |
| Projected Market Size in 2026 | USD 11,400 Million |
| CAGR Growth Rate | 7% |
| Base Year | 2020 |
| Forecast Years | 2021-2026 |
| Key Market Players | Praxair Surface Technologies, Inc, Lincotek Surface Solutions, BodyCote, American Roller Company, LLC, OerlikonMetco and Others |
| Key Segments | Material Type, Process Type, Application, End-Use Industry, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Segmentation Analysis
The global thermal spray coating industry is segmented on the basis of process type, material type, end-use, application, and region.
The metals, polymers, ceramics, carbides, and others are included under the material type segment of the global thermal spray coating industry. The global thermal spray coating market can be divided into electrical, high-velocity oxy-fuel (HVOF), combustion flame, electric arc, and others based on the process type. Based on application, the global thermal spray coating industry is categorized into medical packaging, polymer heating, engine coatings, pump seal coatings, mold lining, wastewater treatment equipment, and others. Aerospace, agriculture, automotive, energy & power, healthcare, electronics, and others are the end-use industry segment of the global thermal spray coating market.
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Regional Dominance:
- North America is projected to Dominate Global Thermal Spray Coating Market Growth
The region of North America is predicted to dominate the market in the forecasted period owing to the expanding range of applications such as aviation, automotive, engineering coatings, electronics, and energy fields. . During the projected period, the market is anticipated to be driven by the expanding oil and gas industry, notably in North America and the Middle East and Africa. The aviation sector is developing, and demand for the product is progressively increasing. Also, the consumer shift of preference thermal spraying is predicted to be a key market driver in order to fulfill stringent environmental requirements, particularly in North America.
Browse the full report “Thermal Spray Coating Market by Material Type (Metals, Polymers, Ceramics, Carbides, and Others) By Process Type (Electrical, High-Velocity Oxy-Fuel (HVOF), Combustion Flame, Electric Arc, and Others), By Application (Medical Packaging, Polymer Heating, Engine Coatings, Pump Seal Coatings, Mold Lining, Wastewater Treatment Equipment, and Others), By End-Use Industry (Aerospace, Agriculture, Automotive, Energy & Power, Healthcare, Electronics, and Others) By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/thermal-spray-coating-market
The global thermal spray coating market is segmented as follows:
By Material Type Segment Analysis
- Metals
- Polymers
- Ceramics
- Carbides
- Others
By Process Type Segment Analysis
- Electrical
- High-Velocity Oxy-Fuel (HVOF)
- Combustion Flame
- Electric Arc
- Others
By Application Segment Analysis
- Medical Packaging
- Polymer Heating
- Engine Coatings
- Pump Seal Coatings
- Mold Lining
- Wastewater Treatment Equipment
- Others
By End-Use Industry Segment Analysis
- Aerospace
- Agriculture
- Automotive
- Energy & Power
- Healthcare
- Electronics
- Others
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