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Thermal Spray Coatings Market Overview to 2023:Thermal spray coatings involve a heat-related source. This, then melts the coating material in a wire, powder, or rod form into various tiny little droplets and is sprayed in high velocity onto the substrate. These types of coatings are across different end-user industries for numerous applications. The industries comprise of healthcare, aerospace, agriculture, energy & power, automotive, electronics, and industrial. These are used for coating industrial parts like electronics components, agriculture equipment, industrial gas turbine, automotive parts, aerospace precision parts, chemical industry reactors & equipment, reactors & other equipment, and healthcare equipment to prevent it from environmental conditions like heat, wear, abrasion, corrosion, erosion, and cavitation.
The need for improving the durability of machinery components for avoiding high replacement cost at later stages is a likely factor that is anticipated to fuel the growth of the market during the forecast period. The growing usage of thermal spray coatings in the healthcare industry for numerous applications, like dental implants, prosthetics, and orthopedics is another key factor that is expected to drive the growth of the market during the forecast period. Add to this, a considerable shift in the preference of consumers can also be identified. Consumers are tilting towards thermal spray coatings over hard chrome plating due to the stringent regulations imposed by the EPA and REACH against the usage of high VOC content coatings. This is expected to be one of the essential factors driving the global thermal spray coatings market during the forecast period.
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Top 10 Competitive Landscape:
The global thermal spray coatings market hosts a number of key and prominent player, including names like Oerlikon Metco Ag Wohlen (Switzerland), Flame Spray Coating Company (U.S.), Praxair S.T. Technology, Inc. (U.S.), Surface Technology (UK), General Magnaplate Corporation (U.S.), H.C. Starck GmbH (Germany), Cincinnati Thermal Spray, Inc. (U.S.), Plasma-Tec (U.S.), Metallisation Ltd. (England), BryCoat Inc. (U.S.), A&A Thermal Spray Coatings (U.S.), Precision Coatings, Inc. (U.S.), ASB Industries, Inc. (U.S.), Progressive Surface (U.S.), and Air Products & Chemicals, Inc. (U.S.).
Market Segmentation:
The global thermal spray coatings market segmentation is based upon five key dynamics, namely heat source, coating material, end-use industry, region, and process.
By heat source, the market divides into electrical energy and combustion flame.
By coating material, the market includes polymer, carbide, ceramic, metal & alloys, and cermet.
By process, the market comprises of high-velocity oxy-fuel, cold spray, electric arc spray, flame spray, plasma spray, and others.
By region, the market covers North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
By end-user industry, the market segments into energy & power, healthcare, agriculture, aerospace, construction, industrial, automotive, electronics, and others. The automotive industry leads this segment with the maximum percentage over other industries and is forecasted to hold on to the leading position in the forthcoming years as well.
Regional Analysis:
As mentioned, the regional segmentation of the global thermal spray coatings market covers North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
The Asia Pacific region holds the leading position in terms of market share in the global standings. This is primarily due to the fast-paced industrialization on account of relaxed investment norms and growing economies. The growth in the region can be attributed to the end-user industries like industrial, healthcare, automotive, electronics, energy & power, agriculture, and others. Herein, countries like India, China, and Japan contribute significantly to the growth of the market.
The North American region stands tall as the second largest market for thermal spray coatings and is expected to showcase considerable growth and expansion during the forecast period. The proliferation and demand from the end-user industries contribute significantly to the growth of the regional market. Industries like healthcare, aerospace, energy and power, and agriculture are anticipated to drive the market growth in the forthcoming years.
The European region is another key area in the global scenario and holds great potential to grow and expand in the near future. The growth of the region can be attributed to the contribution of the end-user industries like agricultural and automotive industry.
Lastly, the Middle East and Africa and Latin America region stand at the bottom of the global standings in terms of thermal spray coatings market share. Furthermore, both the regions are expected to showcase decent demand during the forecast period, primarily due to the expanding construction industry.
March 14th, 2019, Buehler announced the introduction of the Mosaic line of diamond grinding discs for excellent material removal in the grinding process of sample preparation. It is developed to effectively grind alloyed metals, sintered carbides, thermal spray coatings, sintered carbides, and other hard materials.
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