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MarketStudyReport.com Adds a New “Global Thermal Spray Coating Market research report for the period of 2017 – 2024 to its research database covering information and data by material, by end-use industry, industry analysis report, regional outlook, growth potential, price trends, competitive market share & forecast spreading across 550 Pages with table and figures in it.
Global Thermal Spray Coating Market is estimated to exceed USD 13 billion by 2024; according to a new research report.
Strong application outlook in medical devices, gas turbines and aerospace & automotive components, due to superior corrosion & wear resistance and cost-effective properties will drive thermal spray coating market. Increasing preference for HVOF process over hard chromium plating due to relatively shorter processing time and comparatively lesser environmental impact are among key factors fueling industry growth.
Rising demand for dimensional restoration, using as thermal barriers, electrical conductors and electromagnetic shielding will propel the flame spray coating demand. Moreover, ability to recoat damaged or worn substrates in several end-use industries including energy & power, marine and aerospace industry will provide positive outlook for product demand.
Shifting manufacturer focus for superior surface properties to extend equipment service life has enhanced the product demand. Increasing R&D investments for advanced solutions development to improve machinery productivity, performance and overall durability will support industry growth.
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Ceramic flame spray coating market accounted for more than 30% of the industry share in 2016. Higher demand from aerospace and electronics industry due to its high heat and corrosion resistance will fuel industry demand. Moreover, low friction, superior hardness, ductility, along with superior surface finish will support product demand.
Healthcare market is anticipated to witness growth over 7% in terms of revenue up to 2024. Effective retard from radiation along with shielding from electromagnetic waves particularly for MRI and other magnetic based medical equipment will create new opportunities for industry growth.
Combustion flame demand is expected to surpass 600 kilo tons by 2024. Increasing adoption for larger substrate applications particularly in oil & gas and aerospace industry are among major factors driving industry demand. Emergence of advanced technologies with improved performance including HVOF and HVAF process will support business growth.
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Global thermal spray coating market was led by North America accounting for more than 30% in 2016. Presence of major aerospace and automotive companies along with comparatively higher adoption of flame spray coating will propel regional demand.
Global flame spray coating market share is moderately consolidated with top three players accounting for more than 30% of the industry share. Oerlikon Metco, Praxair Surface technologies, H.C. Starck, A & A Coatings and Bodycote are among major industry players. Collaborations, joint ventures and long-term agreements among different participants across the value chain are major strategies observed.
Report table of content:
- Chapter 1 Methodology & Scope
- Chapter 2 Executive Summary
- Chapter 3 Thermal Spray Coating Industry Insights
- Chapter 4 Thermal Spray Coating Market, By Material
- Chapter 5 Thermal Spray Coating Market, By Process
- Chapter 6 Thermal Spray Coating Market, By End-Use Industry
- Chapter 7 Thermal Spray Coating Market, By Region
- Chapter 8 Company Profiles
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