Nov 17, 2017   SOURCE: BusinessWire

Global Thermal Spray Coating Market Forecasts to 2022 - Growing Demand for Advanced Medical Devices Propelling Market Growth - Research and Markets

The "Thermal Spray Coating Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.

Thermal spray coating market is estimated to grow from US$8.125 billion in 2017 to US$11.360 billion in 2022, growing at a CAGR of 6.93%.

Growth in the demand for biomedical and medical instruments due to the aging population, increasing number of road accidents, and investment in gas transmission has led to a surge in demand for corrosion free products and thereby propelling the thermal spray coatings market growth.

Booming automotive industry is further boosting the demand for thermal spray coatings across the globe. However, line-of-sight coatings process in thermal spray coatings is expected to hamper the growth of the thermal spray coatings market to a certain extent, as this process does not cover small and deep cavities that result in an increase in porosity.

Rapid industrialization in Asia Pacific region is leading to the emergence of numerous automotive manufacturing units particularly in India and China and is expected to have a positive impact on the thermal spray coating market over the next six years.

Market Drivers

  • Booming Automotive Industry
  • Growing Demand for Advanced Medical Devices

Market Restraints

  • Limitation of Line-In-Sight Coating Process

Market Opportunities

  • Increasing Applications in Renewable Energy Sector
  • Emerging Asia Pacific Regional Market

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Thermal Spray Coating Market by Material

6. Thermal Spray Coating Market Forecast by Process

7. Thermal Spray Coating Market by Industry Vertical

8. Thermal Spray Coating Market by Geography

9. Competitive Intelligence

10. Company Profiles

  • Thermal Spray Technologies
  • ASB Industries
  • Sulzer Ltd.
  • Oerlikon Group
  • Curtis-Wright Corporation
  • Metallisation Ltd.
  • Praxair Technology, Inc.
  • Bodycote
  • Plasma Tech Inc.
  • A&A Coatings

For more information about this report visit https://www.researchandmarkets.com/research/cwq29l/thermal_spray