Apr 26, 2019   SOURCE: BusinessWire

Global Thermal Spray Coatings Market by Product, Process, Application and Geography - Forecast to 2024 - ResearchAndMarkets.com

The "Global Thermal Spray Coatings Market - Segmented by Product, Process, Application and Geography - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

The market for thermal spray coatings is expected to register a significant growth during the forecast period, 2018 to 2023. This significant growth in the market is primarily driven by rising popularity of thermal spray ceramics coatings globally.

Increasing Popularity of Ceramics Coatings Driving the Market

Thermal spray ceramic coating technologies are used to offer various types of protection in the form of coatings to a wide range of industrial components. Owing to their ability to reduce or prevent wear and tear of components caused by erosion, abrasion, corrosion, manage thermal or electrical conductivity and other key properties, they are being increasingly used in numerous industrial and commercial sectors, such as automotive, aerospace, construction, and oil and gas.

Additionally, thermal spray ceramic coatings are primarily applied using the plasma-spraying process, owing to their generally high melting temperatures and low thermal conductivity. This makes them suitable for usage for specialized applications that require the materials to withstand forces at high temperatures. Also increasing demand for gas turbines in the oil & gas industry for offshore exploration are driving the market for industrial gas turbines in turn providing a positive outlook for the thermal spray coatings market.

Aerospace to be the Largest Application

In the aerospace sector, thermal spray coatings are extensively used as protective coatings to protect aircraft components and repair the old ones. They are used in the protection of engine turbine blades, actuation systems to provide high thermal resistance and longevity.

Thermal spray coatings such as zirconium oxide, aluminum bronze, cobalt-molybdenum are used for coating purposes in rocket combustion chambers, compressor air seals and high pressure nozzles, respectively. Asia-Pacific and Middle East & Africa regions are expected to witness rapid expansion in the aviation sector owing to rising consumer incomes and investments in transportation infrastructure in near future.

North America to Dominate the Market

North America represented the largest regional market for global thermal spray coatings market in 2017. The U.S. is expected to remain the major market for thermal spray coatings in the region owing to the increasing demand for improved performance at competitive costs and meeting all the regulations and industry standards.

In the region, major application for thermal spray coatings include aerospace. In the year 2017, the aerospace industry contributed around USD 143 billion in export sales to U.S. economy.

Major Players: Praxair Surface Technologies, Air Products & Chemicals, Oerlikon Group, A&A Company, ASB Industries, etc., among others.

Key Topics Covered

1. Introduction

1.1 Scope of the Report

1.2 Market Definition

1.3 Study Assumptions

1.4 Study Deliverables

1.5 Research Phases

2. Executive Summary

3. Market Insights

3.1 Industry Value Chain Analysis

3.2 Industry Attractiveness - Porter's Five Forces Analysis

4. Market Dynamics

4.1 Drivers

4.1.1 Expanding Automotive Manufacturing Sector in the Asia-Pacific Region

4.1.2 Rising Popularity of Thermal Spray Ceramic Coatings

4.1.3 Other Drivers

4.2 Restraints

4.2.1 Emergence of Hard Trivalent Chrome Coatings

4.2.2 Other Restraints

4.3 Opportunities

4.3.1 Growing Application in the Oil & Gas Industry

4.3.2 Advancements in Spraying Technology

5. Market Segmentation and Analysis (Market Size, Growth and Forecast)

5.1 By Product

5.1.1 Metal

5.1.2 Ceramics

5.1.3 Polymers

5.1.4 Carbides

5.1.5 Others

5.2 By Process

5.2.1 Flame Spray

5.2.2 Powder Spray

5.2.3 Arc Spray

5.2.4 Plasma

5.2.5 High-velocity, oxy-fuel (HVOF)

5.2.6 Others

5.3 By Application

5.3.1 Automotive

5.3.2 Aerospace

5.3.3 Medical

5.3.4 Paper & Pulp

5.3.5 Oil & Gas

5.3.6 Power

5.3.7 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

6.1 Asia-Pacific

6.1.1 China

6.1.2 India

6.1.3 Japan

6.1.4 South Korea

6.1.5 Australia & New Zealand

6.1.6 Rest of Asia-Pacific

6.2 Europe

6.2.1 Germany

6.2.2 France

6.2.3 Italy

6.2.4 United Kingdom

6.2.5 Russia

6.2.6 Rest of Europe

6.3 North America

6.3.1 United States

6.3.2 Mexico

6.3.3 Canada

6.3.4 Rest of North America

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle-East & Africa

6.5.1 South Africa

6.5.2 Saudi Arabia

6.5.3 Rest of Middle-East & Africa

7. Competitive Landscape

7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

7.2 Market Share Analysis

7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials, Products & Services, and Recent Developments)

8.1 A&A Company Inc.

8.2 Air Products & Chemicals

8.3 ASB Industries Inc.

8.4 Bodycote PLC

8.5 Cincinnati Thermal Spray Inc.

8.6 Flame Spray Coating Co.

8.7 H.C. Starck Inc.

8.8 MesoCoat Inc.

8.9 Metallisation Ltd.

8.10 Metallizing Equipment Co. Pvt. Ltd.

8.11 Oerlikon Group

8.12 Praxair Surface Technologies

8.13 Precision Coatings Inc.

8.14 Thermion

8.15 TST Engineered Coating Solutions

8.16 TWI Ltd.

List not exhaustive

For more information about this report visit https://www.researchandmarkets.com/r/b391jk