The global thermal spray coatings market is expected to reach USD 17.21 billion by 2027, at a CAGR of 6.9% from 2020 to 2027, according to a report published by Radiant Insights, Inc. Increasing demand from the aerospace, industrial gas turbines, and a few other application industries is expected to propel the growth. Moreover, growing demand for corrosion-resistant coatings from these sectors is expected to be a key driver for the market.
Thermal spraying is used to improve or restore the surface of a solid material. It can also be used for applying coatings to a wide range of components and materials for better resistance against cavitation, wear, abrasion erosion, and heat. In addition, it is used for providing insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other properties to coated surfaces. These coatings have high-potential market opportunity on account of their properties, such as biocompatibility, cavitation resistance, and aesthetic appeal.
Increasing oil and gas exploration activities, particularly in Asia Pacific, coupled with upcoming shale gas explorations across the globe are expected to fuel the demand further. There are several regulations governing the global thermal spray coating market.
Download Free Sample Report @ https://www.radiantinsights.com/research/thermal-spray-coatings-market/request-sample
These regulatory standards define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates. Medical is expected to be the fastest-growing application segment on account of increasing application scope of thermal spray coatings in the biomedical sector. These coatings help extend the shelf life and improve performance of dental and orthopedic implants.
Advantages of using such coatings in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement. Asia Pacific is expected to be the fastest-growing regional thermal spray coatings market on account of increasing vehicle production along with rapid economic growth in China, India, Japan, Indonesia, South Korea, and Thailand.
Further key findings from the report suggest:
• Aerospace application segment led the thermal spray coatings market accounting with revenue share of 32.30% in 2019 and is projected to maintain its dominance during the forecast period
• U.S. is anticipated to exceed USD 4.1 billion by 2027 owing to the presence of key manufacturers and suppliers in the country.
• The global market is highly competitive in nature with the presence of a number of global medium- and small-scale companies
• Prominent companies include American Roller Company; Praxair S.T. Technology, Inc.; H.C. Starck, Inc.; Flame Spray Technologies BV; Wall Colmonoy; American Roller Company; Powder Alloy Corp.; CRS Holdings Inc; and Montreal Carbide Co. Ltd.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/thermal-spray-coatings-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation
1.2 Research Methodology
1.3 Research Scope and Assumptions
1.4 List to Data Sources
1.5 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 global coatings market outlook
3.2 Thermal Spray Coatings Market Dynamics
3.3 Value chain analysis
3.3.1 raw material trends
3.3.1.1 Epoxy resin
3.3.1.2 Polypropylene
3.3.1.3 Aluminum
3.3.1.4 Steel
3.3.1.5 Nickel
3.3.1.6 Zinc
3.3.1.7 Copper
3.3.1.8 Iron ore
3.3.1.9 Tungsten
3.3.2 Technology overview
3.3.2.1 Electric arc spray (twin wire electric arc)
3.3.2.2 Flame spray
3.3.2.3 Plasma spray
3.3.2.4 High velocity oxy fuel (HVOF)
3.3.3 threat from other demand sources
3.3.4 existing distribution channels
3.4 Market opportunity assessment
3.4.1 Identification of potential customers
3.4.2 identification of market avenues
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Thermal spraying is used to improve or restore the surface of a solid material. It can also be used for applying coatings to a wide range of components and materials for better resistance against cavitation, wear, abrasion erosion, and heat. In addition, it is used for providing insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other properties to coated surfaces. These coatings have high-potential market opportunity on account of their properties, such as biocompatibility, cavitation resistance, and aesthetic appeal.
Increasing oil and gas exploration activities, particularly in Asia Pacific, coupled with upcoming shale gas explorations across the globe are expected to fuel the demand further. There are several regulations governing the global thermal spray coating market.
Download Free Sample Report @ https://www.radiantinsights.com/research/thermal-spray-coatings-market/request-sample
 |
| Thermal Spray Coatings Market |
These regulatory standards define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates. Medical is expected to be the fastest-growing application segment on account of increasing application scope of thermal spray coatings in the biomedical sector. These coatings help extend the shelf life and improve performance of dental and orthopedic implants.
Advantages of using such coatings in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement. Asia Pacific is expected to be the fastest-growing regional thermal spray coatings market on account of increasing vehicle production along with rapid economic growth in China, India, Japan, Indonesia, South Korea, and Thailand.
Further key findings from the report suggest:
• Aerospace application segment led the thermal spray coatings market accounting with revenue share of 32.30% in 2019 and is projected to maintain its dominance during the forecast period
• U.S. is anticipated to exceed USD 4.1 billion by 2027 owing to the presence of key manufacturers and suppliers in the country.
• The global market is highly competitive in nature with the presence of a number of global medium- and small-scale companies
• Prominent companies include American Roller Company; Praxair S.T. Technology, Inc.; H.C. Starck, Inc.; Flame Spray Technologies BV; Wall Colmonoy; American Roller Company; Powder Alloy Corp.; CRS Holdings Inc; and Montreal Carbide Co. Ltd.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/thermal-spray-coatings-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation
1.2 Research Methodology
1.3 Research Scope and Assumptions
1.4 List to Data Sources
1.5 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 global coatings market outlook
3.2 Thermal Spray Coatings Market Dynamics
3.3 Value chain analysis
3.3.1 raw material trends
3.3.1.1 Epoxy resin
3.3.1.2 Polypropylene
3.3.1.3 Aluminum
3.3.1.4 Steel
3.3.1.5 Nickel
3.3.1.6 Zinc
3.3.1.7 Copper
3.3.1.8 Iron ore
3.3.1.9 Tungsten
3.3.2 Technology overview
3.3.2.1 Electric arc spray (twin wire electric arc)
3.3.2.2 Flame spray
3.3.2.3 Plasma spray
3.3.2.4 High velocity oxy fuel (HVOF)
3.3.3 threat from other demand sources
3.3.4 existing distribution channels
3.4 Market opportunity assessment
3.4.1 Identification of potential customers
3.4.2 identification of market avenues
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
No comments:
Post a Comment