Thermal Spray Coatings report 2025 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, North America, Asia Pacific, Latin America and Middle East and Africa.
Dallas, TX, USA, TX -- (SBWIRE) -- 03/02/2019 -- Global Thermal Spray Coatings Market Overview:
Global Thermal Spray Coatings Market report is a professional and in-depth study on the market overview, market dynamics, competitive analysis, and leading player's various strategies to sustain in the Global Thermal Spray Coatings Market.
The global thermal spray coatings market size is projected to be worth USD 15.01 billion by 2025. This can be attributed to its increasing usage in aerospace and automotive industries. Expansion of these industries is projected to offer favorable growth opportunities for the global thermal spray coatings industry over the next few years.
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Market Segment by Companies, this report covers:
- Praxair Surface Technologies
- TWI Ltd.
- Metallisation Ltd.
- TST Engineered Coating Solutions
- Flame Spray Coating Co.
Based on product, ceramics is projected to contribute to more than 30% of the revenues in the global thermal spray coatings market by 2025. Rising need for high-performance ceramic coatings in various industries including aerospace & defense, healthcare, energy, fiber-optic communications, environmental protection, and industrial goods is likely to drive the global thermal spray coatings market size during the forecast period.
Ceramic coatings are inorganic, non-metallic solid and inert thin films made by deposition, heating and subsequent cooling, which may be crystalline. Ceramic materials act as excellent electric and thermal insulators. They also have good resistance to oxidation and wear. These characteristics are quite useful on engine and turbine components as thermal barrier coatings. Corrosion and wear protection are the key advantages offered by ceramics coatings that contribute to its extensive use in various industries. Zirconium oxide, aluminum oxide (alumina), titanium dioxide, chrome oxide, and alumina-titania are some of the commonly used ceramic materials that are used in surface coating processes.
Based on application, the industrial gas turbine is projected to be the fastest growing application in the global thermal spray coatings market with a valuation of approximately USD 3.81 billion by 2025. Industrial gas turbine components are subject to huge mechanical loads at high temperatures while confronting the corrosion of hot gas and the erosion of aggressive air and fuels. Special thermal sprayed coatings have been developed to protect against these damaging environments. These coatings extend the operating life and enable higher turbine-entry-temperature (TET) to improve thermal efficiency. The rising application of gas turbines in helicopters, ships, tanks, locomotives, and motorcycles is due to the properties of thermal spray coatings such as protection of gas turbine components against friction, wear, and corrosion. Growing energy needs across the globe are expected to boost the demand for high-performance engines and turbines, thereby, leading to the growth of thermal spray coatings market. Most modern gas turbines use thermal spray coating technology to keep these components performance.
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global thermal spray coatings market
- While studying the market, we observed that ceramics is projected to grow at the fastest rate owing to the rising need for high performance ceramic coatings performance ceramic coatings in various sectors, including aerospace & defense, healthcare, fiber-optic communications, energy, industrial goods, and environmental protection.
- The global thermal spray coatings market has been mainly driven by the increasing usage in aerospace and automotive industries across the globe.
- The industrial gas turbine application is projected to witness fastest growth in the coming years the properties of thermal spray coatings such as, protection of gas turbine components against friction, wear, and corrosion.
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North America is anticipated to hold a market share of more than 27% at the end of the forecast period. The growing aerospace and automotive manufacturing sector are expected to fuel the demand for thermal spray coatings in the region. According to the International Organization of Motor Vehicle Manufacturers, 1,983,745 vehicles were sold in Canada in 2016 as compared to 2,077,000 vehicles sold in 2017, which is a 4.7% increase. This growth is projected to augment the demand for thermal spray coatings in the country. Furthermore, the stringent environmental regulations in the region have escalated the demand for environmentally friendly products, thereby, leading to the overall thermal spray coating equipment market growth.
Key segments of the global thermal spray coatings market
Product Overview, 2015-2025 (USD Million)
Application Overview, 2015-2025 (USD Million)
- Industrial Gas Turbine
Regional Overview, 2015-2025 (USD Million)
- North America
o Rest of Europe
- Asia Pacific
o Rest of APAC
- Latin America
o Rest of Latin America
- Middle East and Africa
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