Thermal Spray Coatings Market 2018-2023 – Leading Vendors, Growth Challenges, Market Insights, Latest Trends and Segmentation
Thermal spray coatings involve a heat source, which melts the coating material in a powder, wire, or rod form into tiny droplets and sprayed it onto the substrate at high velocity. Thermally sprayed coatings are used to enhance and improve the performance characteristics of the substrates by imparting resistance against wear, erosion, cavitation, corrosion, abrasion, or heat. It is compatible with different substrates such as metals as well as plastics. Various types of coating materials such as ceramics, carbides, metals & alloys, polymers, and cermet are used for thermal spray coatings. Thermal spray coating offers various advantages such as thick coatings, high deposition rate, and low toxic gas emissions over several surface treatment processes such as nickel and chrome plating, nitride or heat treat processes, anodizing, and weld overlay.
The global thermal spray coatings market is segmented by the coating material, heat source, process, end-use industry, and region.
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On the basis of the coating material, the global thermal spray coatings market is segmented into ceramic, carbide, metal & alloys, polymer, and cermet. The metal & alloys coating materials accounted to hold the major market share of the global thermal spray coatings market undercoating material category owing to wide acceptance in different applications such as protecting large steel structures of buildings & bridges, automotive components, healthcare components, and other industrial components.
On the basis of the heat source, the global thermal spray coatings market is segmented into combustion flame and electrical energy. Use of electrical energy as a heat source is widely preferred in different applications in 2017 on account of its advantages such as fast deposition rates, larger surface area coverage, and eco-friendly nature, and is expected to continue growing over the forecast period.
On the basis of the process, the global thermal spray coatings market is segmented into cold spray, flame spray, plasma spray, high-velocity oxy-fuel, electric arc spray, and others. Electric arc spray accounted to be the most commonly used process of thermal spray coatings in 2017 on account of its cost-effective nature in different end-use industries. However, plasma spraying is likely to replace the electric arc spray process in the coming years owing to its superior performance efficiencies such as uniform coating thickness, clean process, and superior wear & weather resistance.
On the basis of the end-user industry, the global thermal spray coatings market is segmented into aerospace, automotive, healthcare, construction, industrial, energy & power, electronics, agriculture, and others. Automotive, aerospace, healthcare, and industrial collectively accounted to be a major consumer of thermal spray coating in 2017 owing to its eco-friendly nature and high performance over other types of coatings are expected to continue to hold the major market share during the forecast period.
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Key Players
- Flame Spray Coating Company
- General Magnaplate Corporation
- Praxair S.T. Technology, Inc.
- Oerlikon Metco Ag Wohlen
- Plasma-Tec
- Surface Technology
- ASB Industries, Inc.
- Cincinnati Thermal Spray, Inc.
- Precision Coatings, Inc.
- BryCoat Inc.
- Progressive Surface
- C. Starck GmbH
- A&A Thermal Spray Coatings
- Metallisation Ltd.
- Air Products & Chemicals, Inc.
Intended Audience
- Thermal spray coatings manufacturers
- Traders and distributors of thermal spray coatings
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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