Thermal Spray Coatings Market Insights, Trends, Outlook, and Opportunity – 2014-2023
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  • Thermal Spray Coatings Market Insights, Trends, Outlook, and Opportunity – 2014-2023

     



    (Transportation-News.com, September 19, 2018 ) Industry Outlook and Trend Analysis

    The Thermal Spray Coatings Market was worth USD 7.56 billion in 2014 and is expected to reach approximately USD 13.22 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.41% during the forecast period. Rising application extent of the products, most remarkably in the automotive and aerospace enterprises, attributable to preferences, for example, thickness ability, wear and corrosion protection, low toxic gas discharges, electrical protection, is anticipated to drive thermal spray covering market development over the conjecture time frame. These coatings have expanding market opportunity because of properties, for example, biocompatibility, cavitation protection and aesthetic appeal, making them in a perfectly suited for a few applications.

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    Competitive Insights

    The leading players in the market are ASB Industries Inc, Metallisation Ltd, TST Coatings Inc, The Welding Institute, Flame Spray Coating Co, Precision Coatings Inc, Metallizing Equipment Company Private Limited and Praxair Surface Technologies. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

    Product Outlook and Trend Analysis

    Thermal spray coatings products incorporate ceramic, polymer, abradables, metal, intermetallic, carbides and self-fluxing alloys. Ceramics is anticipated to be the biggest developing product section with a significant growth rate. Expanding inclination for superior ceramic coatings in different segments, including aerospace & defense, fiber-optic communications, healthcare, industrial goods, energy, and environmental protection is foreseen to drive industry development over years.

    Technology Outlook and Trend Analysis

    The technologies covered in the report scope incorporate flame, high velocity, cold, electric arc, oxy-fuel, plasma, detonation gun, and shrouded plasma-arc spray coatings. Plasma is foreseen to be the biggest developing innovation portion, slated to develop tremendously over the estimate time frame. Quick industrialization and foundation advancement is anticipated to drive bearing area over the conjecture time frame.

    Application Outlook and Trend Analysis

    Aerospace was the biggest application portion, representing 34.2% of global income share in 2016. Various aeronautic segments require hard, wear resistant coatings that can withstand temperatures of up to 850°C. Extension of the aerospace area, especially civil aviation in India and China by virtue of discretionary income of shoppers, is anticipated to positively affect the product business over the estimate years. Industrial gas turbine (IGT) was the second-biggest application portion in 2016.

    Regional Outlook and Trend Analysis

    North America was the biggest market as far as income in 2016, and this pattern is foreseen to proceed over the conjecture time frame. The regional portion was evaluated at USD 2.42 billion in 2016 and is anticipated to develop at a significant CAGR throughout the forecast period. Growing aerospace trade in the U.S., alongside rise of real aerospace organizations in Mexico, is foreseen to fuel product demand. Europe was the second-biggest market fragment in 2016 on the basis of revenue.

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    The Thermal Spray Coatings Market is segmented a follow-

    By Product:
    Ceramics
    Polymers
    Abradable
    Metals
    Intermetallic
    Carbides
    Others

    By Technology:
    Flame spray
    HVOF
    Cold spray
    Plasma spray
    Electric arc spray
    Others

    By Application:
    Electric arc spray
    Medical
    Oil & gas
    Pulp & Paper
    Aerospace
    Automotive
    Printing
    Steel
    Others

    By Regions:
    North America
    U.S
    Canada
    Mexico
    Europe
    Germany
    France
    UK
    Italy
    Spain
    Rest of Europe
    Asia-Pacific
    Japan
    China
    Australia
    India
    South Korea
    Southeast Asia
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Columbia
    South Africa
    Rest of South America
    Middle East and Africa
    Saudi Arabia
    UAE
    Egypt
    Nigeria
    South Africa
    Rest of MEA

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    Some of the key questions answered by the report are:
    What was the market size in 2014 and forecast from 2015 to 2023?
    What will be the industry market growth from 2015 to 2023?
    What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
    What are the major segments leading the market growth and why?
    Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?


    Qurate Business Intelligence

    Nehal Chinoy

    +919881074592

    nehal@qurateresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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