San Francisco, 07 January, Thermal Spray Coatings Market Size, Share
& Trends Analysis Report By Product, By Technology (Coldspray, Flame Spray,
Plasma Spray, High Velocity; Oxy-Fuel), By Application, And Segment Forecasts,
2018 – 2025.
The global thermal spray coatings market size is expected to reach
USD 14.99 billion by 2025, according to a new report by Grand View Research,
Inc. Increasing application scope, owing to advantages such as wear and
corrosion protection, low toxic gas emissions, thickness capability and electrical
resistance is expected to fuel thermal spray coating market growth. Key
applications include aerospace precision parts, automotive, medical instruments
and industrial gas turbines. Use of these coating for biomedical and medical
instruments to improve wear resistance and boost biocompatibility of
prosthetics and dental implants is expected to augment growth.
Rising application scope of gas
turbines in ships, locomotives, tanks, helicopters and motorcycles is expected
to augment thermal spray coating market over the forecast period. Polymer and
metal thermal spray coatings are employed in powdered form for industrial gas
turbines blades on account of properties such as high temperature corrosion
resistance.
In terms of revenue, ceramics
was the largest application segment for the product market, accounting for
30.1% of the global market in 2016. Ceramics are primarily employed in
biomedical industry. HVOF technology is used to spray these products on to
substrates which are further used in the medical sector for the manufacturing
of dental implants. Expansion of this sector is expected to have a positive
impact on growth over the next seven years.
The global product market is
expected to witness substantial growth over the forecast period owing to its
widespread use in aerospace and automotive industries. Growing demand for
corrosion resistant coatings particularly in these two sectors is expected to
be a key driver for market growth. Increasing application scope in engineering
coating, wear resistant coating, automotive & aerospace, biomedical, food
processing, electronics, semiconductors and energy are further expected to
promote demand.
Access Full Research
Report On Thermal Spray Coatings Market Analysis:
Further key findings from the report suggest:
·
The global thermal spray
coatings market was valued at USD 8.38 billion in 2016 and is expected to grow
on account of the increasing demand from the automotive sector.
·
Medical application segment
will experience the fastest growth in terms of revenue, growing at a CAGR of
7.8% from 2017 to 2025 on account of the growing demand for better health care
facilities coupled with rising number of hospitals
·
Ceramics emerged as the largest
product segment in terms of revenue in 2016 and is estimated to reach USD 4.6
billion by 2025 and is anticipated to experience a steady growth over the years
ahead.
·
The industry in Asia Pacific is
projected to witness substantial growth over the next eight years owing to
robust growth in the medical, oil & gas and automotive industry, especially
in the countries of India and China. In terms of revenue, the regional market
is expected to grow at a CAGR of 7.9% from 2017 to 2025.
·
Key players including Praxair
Surface Technologies, Air Products & Chemicals, Cincinnati Thermal Spray,
Inc., and TWI Ltd., dominated the global product market.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
global thermal spray coatings market report on the basis of, product,
application, technology and region:
·
Thermal Spray Coatings Product Outlook (Revenue, USD
Million, 2014 - 2025)
o
Metals
o
Ceramics
o
Intermetallics
o
Polymers
o
Carbides
o
Abradables
o
Others
·
Thermal Spray Coatings Application Outlook (Revenue, USD
Million, 2014 - 2025)
o
Aerospace
o
Industrial Gas Turbine
o
Automotive
o
Medical
o
Printing
o
Oil & gas
o
Steel
o
Pulp & Paper
o
Others
·
Thermal Spray Coatings Technology Outlook (Revenue, USD
Million, 2014 - 2025)
o
Coldspray
o
Flamespray
o
Plasma spray
o
HVOF
o
Electric arc spray
o
Others
·
Thermal Spray Coatings Regional Outlook (Revenue, USD
Million, 2014 - 2025)
o
North America
o U.S.
o
Europe
o UK
o Germany
o
Asia Pacific
o China
o India
o Japan
o
Central & South America
o Brazil
o
Middle East & Africa
Access Full Press Release of this Report:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
