Thermal Spray Coating Market Predicted To Grow Robust CAGR 7.8% By 2026

Posted by Roshan K on November 20th, 2020

The global spray coating market across Asia-Pacific held the highest share. The region is also anticipated to portray the fastest CAGR throughout the forecast period.

As per the report published by Allied Market Research, the global thermal spray coating market garnered is expected to reach .5 billion by 2026, growing at a CAGR of 7.8% . The report highlights the major segments, market characteristics, top investment pockets, growth by segmentation, and competitive landscape.

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Eswara Prasad, Manager, Material & Chemical at AMR, highlighted, “Technological advancements in filler plasma spray coating practices are anticipated to provide lucrative opportunities for the growth of the market. Filler plasma spraying is a technique for producing thick coatings from a few tens to a few hundred microns on metal or ceramic with high level of adhesion. Powder is injected into the heart of a plasma dart, whose temperature is between 10,000°C and 15,000°C, before being melted and sprayed at high speed on the surface to be coated. It is expected that these advancement will play a major role in increasing the demand for thermal spray coating of medical devices. It is predicted that such advancement will enable thermal spray coating to be used in surgeries and orthopedic implants.”

According to the report, the market across Asia-Pacific dominated in 2018. Also, the region is anticipated to manifest the fastest CAGR of 8.3% . The rise in demand in the automotive industry, growth in disposable income of consumers, and increase in usage in the healthcare industry augment the market growth in this province. The report also includes detailed analysis of the market across Europe, North America, and LAMEA.

By material, the market is classified into ceramics, metal & alloys and other materials. The ceramic segment contributed to the highest market revenue. This is owing to the beneficial characteristics such as cost-effectiveness, corrosion, thermal resistance, wear resistance, and others. At the same time, the metal & alloys segment would portray the fastest CAGR of 8.4%.

By process, the global thermal spray coating market is divided into flame spraying, arc spraying, plasma spraying, HVOF and others. The flame spraying segment contributed for the highest market share in 2018 and is projected to portray the CAGR of 7.5%. On the other hand, the plasma spraying would manifest the CAGR of 10.4% and arc spraying segment is expected to witness the CAGR of 8.3% during the forecast period.

The global thermal spray coating market report includes a comprehensive analysis of the major market players such as APS Materials, Inc., CoorsTek, Inc., 3M, A&A Thermal Spray Coatings, Inc., Dupont De Nemours, Inc., Integrated Global Services, Inc., KCC Corporation (KCC), Linde Plc and Morgan Advanced Materials plc.