Thermal Spray Coatings Market Size Study with Top Countries Data, Industry Trends, Growth, Opportunities and Forecast to 2022-2031

Thermal spray coatings market is projected to reach USD 11.44 billion by 2031.”

The thermal spray coatings market is projected to reach USD 11.44 billion by 2031, at a CAGR of 6.5% from 2022 to 2031.

The increasing use of thermal spray coatings in various end-use industries, such as aerospace, automotive, healthcare, energy & power, electronics, and agriculture, among others, is expected to fuel the growth of the thermal spray coatings market during the forecast period. The demand for thermal spray coatings is increasing across different industries as these coatings are used for coating engineered components. However, lack of technical skills to carry out thermal spray coatings processes and low investments to carry out R&D activities in various end-use industries are the major challenges for the growth of the thermal spray coatings market during the forecast period.

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“The aerospace end-use industry segment is projected to lead the thermal spray coatings market between 2022 and 2031, while the healthcare end-use industry segment of the thermal spray coatings market is projected to grow at the highest CAGR during the forecast period.”

The aerospace end-use industry segment is projected to lead the thermal spray coatings market between 2022 and 2031. Thermal spray coatings are being increasingly used in the aerospace industry as they protect engineered components from corrosion and abrasion.

The healthcare end-use industry segment of the thermal spray coatings market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to increased use of thermal spray coatings for orthopedic implants, medical instruments, and apparatuses, among others.

“The North American region is projected to lead the thermal spray coatings market during the forecast period, while the Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR from 2022 to 2031.”

The North American region accounted for the largest share of the thermal spray coatings market in 2022, followed by the European and Asia-Pacific regions. The U.S. is one of the major consumers of thermal spray coatings in the North American region. Strategic developments from the manufacturers of thermal spray coatings in the U.S. have fueled the growth of the thermal spray coatings market in the country. The Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR during the forecast period with Japan being one of the major consumers of thermal spray coatings in the Asia-Pacific region. Growing use of thermal spray coatings in various industries, such as automotive, electronics, energy & power, and agriculture, among others, increasing domestic consumption of thermal spray coatings, rising disposable income, and inclination of consumers towards better surface protection are some of the factors expected to drive the demand for thermal spray coatings in the Asia-Pacific region.

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BREAKDOWN OF PRIMARIES

Extensive primary interviews were conducted with the key industry personnel in the process of determining and verifying market sizes of several segments and subsegments through secondary research. The break-up of profiles of primaries is given below:

BREAKUP OF PROFILES OF PRIMARIES:

• By Company Type: Tier 1 – 41%, Tier 2 – 35%, and Tier 3 – 24%

• By Designation: C Level – 56%, Director Level – 28%, and Others – 16%

• By Region: Asia-Pacific – 33%, North America – 27%, Europe – 20%, Middle East & Africa – 13% and Latin America – 7%

Major companies profiled in this report are A & A Coatings (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair Surface Technologies, Inc. (U.S.), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), Surface Technology (U.K.), H.C. Starck GmbH (Germany), and ASB Industries, Inc. (U.S.), among others.

Research Coverage:

This report offers an overview of the market trends, drivers, and barriers with respect to the thermal spray coatings market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. The report categorizes the thermal spray coatings market on the basis of process, material, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them is also covered in this report on the thermal spray coatings market.

Reasons to Buy the Report:

This report covers the following key aspects:

• What will be the size of the thermal spray coatings market by 2031 and what will be the CAGR of the market during the forecast period, 2022 to 2031?

• What are the key trends in the thermal spray coatings market?

• What are the factors expected to drive the growth of the thermal spray coatings market?

• What are the barriers that impact the growth of the thermal spray coatings market?

• Who are the key players in the thermal spray coatings market?

• The global report covers key regions, such as North America, Europe, and Asia-Pacific, among others including major countries in these regions such as the U.S., China, Japan, India, Germany, and Italy, among others.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159

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