Global Thermal Spray Coating Market–Trends, Insights and Forecast (2020-2027)

  • Publish Date
    December 5, 2020
  • No of Pages
    350
  • SKU Code
    GIR 7014
  • Format

Report Overview

The report provides market estimates for base year 2019 and a yearly forecast to 2027 in terms of revenue (USD Billion) unless stated otherwise. Market for each segment has been provided on a global and regional for the above-mentioned forecast period.

COVID-19 Impact

COVID-19 is a new strain of corona-virus that has not been previously identified in humans. Corona-viruses (CoV) are a family of RNA (ribonucleic acid) viruses. COVID-19 started in Asia and is now spreading over the rest of the world via person-to-person contact and community spread. COVID-19 pandemic may have a potential impact on Global Market.

Thermal spray coatings are applied to change the surface properties of substances and protect them from degradation. Thermal spray coatings provide the substrate with wear resistance, friction control, corrosion resistance, protection against heat, and dimensional restoration. The thermal spray coating is applied to metal substrates and the process is known by a different name that includes spray welding, plasma spray, High-Velocity Oxygen Fuel (HVOF), and flame spray. Thermal spray coating technology is used on a vast range of components of rotating and moving parts of machines such as automobile engines, aerospace turbine, and machine tools, which operate in adverse environments where, erosion, wear, corrosion, or heat leads to decrease in component life. The material utilized for coating is in the form of a wire or powder. It is heated to melt it into tiny droplets and then sprayed onto the surface of the substrate. Any material that melts without decomposing can be used as coating materials for thermal spray coatings.

Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure. The report analyzes and forecast the market size in terms of volume and value.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Detailed discussion regarding impact of product on demand.
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • Company profiles of leading market participants dealing in products category and comprehensively analyze their market rankings and core competencies.
  • The report focuses on detailed profile of major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue, SWOT Analysis, recent development and contact information.
  • Market segments on the basis of type, application, end users, region and others.
  • Country specific data and analysis for United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Indonesia, Malaysia, Netherlands, Norway, Italy, Brazil, Argentina, Mexico, South Africa and 54 other countries.
  • Coverage of historical overview, key industrial development, competitive developments (such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market) and regulatory framework.
  • A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • 45 data tables and 28 additional tables.

Scope of the report

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2019 as the base year, 2020 as the estimate year and forecast for 2027 with projection of CAGR from 2020 to 2027.
  • The report covers discussion of economic trends and technology.
  • It also explains the major drivers and current trends within the particular sector.
  • Discusses trends within the market and provides a future outlook.
  • Reviews business activities of market leaders.
  • This report provides a quantitative analysis of the current trends, estimations, and dynamics.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
  • The key countries in all the major regions are mapped on the basis of their market share.

Trend and Development

  • In 2019, aerospace application segment held the largest share of the global thermal spray coating market. Product properties, such as wear and corrosion protection, low toxic gas emissions, and thickness capability are expected to fuel the segment growth. Rapid expansion of the aerospace sector, particularly civil aviation in India and China, on account of increasing disposable income levels, is expected to have a positive impact on the segment growth over the forecast period.
  • In June 2018, H.C. Starck launched molybdenum thermal spray powders, which are spherical in shape and are designed for maximum flowability. These thermal spray powders are technologically advanced and are used for coating large areas to small metal components that are prone to corrosion and erosion.
  • Thermal spray coatings can be applied by various methods, which include flame Spray, electric-arc spray, plasma spray, spray and fuse, detonation gun and HVOF (high velocity oxy fuel).
  • Some health, safety, and environmental concerns that are associated with thermal spray coatings market include dust, fumes, and noise. Careful usage of the thermal spray coating technique can help reduce the hazards associated with it. Thermal spray coating has low emission of toxic gases and hence, is being widely adopted over hard chrome coatings. Moreover, thermal spray coatings are biocompatible, cavitation resistant, and offer good aesthetic appearance. Thermal spray coatings can also be employed to restore damaged or worn out surfaces.
  • Thermal spray coatings are compatible with different medical devices and biomedical implants used in the healthcare industry. These coatings offer good dielectric insulation to medical instruments and provide electromagnetic shielding to prevent interference caused to sensitive equipment. The coatings are also biocompatible and help in controlled bioactivities, thus making them suitable for biological implants. Porous, bio-active coating materials are also able to interact with bone tissues and assist in promoting bone growth.
  • Major applications of thermal spray coatings in the healthcare industry include biomedical implants for femoral stems, knees, elbows, spines, and acetabular caps. There is a growing demand for different thermal spray coatings in various medical applications, and the medical coatings market is expected to reach about USD 15.16 billion by 2021. Thus, the rising demand from the healthcare industry is expected to drive the market for thermal spray coatings during the forecast period.

Segments covered in the reports

  • On the Basis of Region: North America, Europe, Asia-Pacific and LAMEA.
  • On the Basis of Countries: United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada,Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Italy, Brazil, Argentina, Mexico, South Africa and 54 other countries.
  • On the Basis of Material:Ceramic Oxides,Metals & Alloys (Intermetallics), Polymers, Carbides, Abradables and Others (Composites and Polymers).
  • On the Basis of Process:Combustion Flame and Electrical.
  • On the Basis of Technology: Cold spray, Flame spray, Plasma spray, High Velocity Oxy Fuel(HVOF) and Electric arc spray.
  • On the Basis of On End Users: Aerospace, Automotive, Healthcare, Agricultural Machinery, Energy & Power, Electronics, Industrial Gas turbines and Others (Food Processing, Defense, and Printing)

The key market players comprise:

Praxair Surface Technologies, Inc,  BodyCote, Oerlikon Metco , Surface Technology, H.C Starck GmbH, F.W. Gartner Thermal Spraying , Flame Spray SpA, Arc Spray (Pty) Ltd, Metallisation Limited, Plasma-Tec, Inc., C&M Technologies GmbH, ASB Industries, AMETEK Inc., A & A Coatings, Plasma-Tec, Thermion Inc., Air Products and Chemicals, Inc., Bodycote PLC, Saint-Gobain, Sandvik AB , Sulzer Ltd, H.C. Starck GmbH, Flame Spray SpA, BryCoat Inc., Cincinnati Thermal Spray Inc., MesoCoat, Thermal Spray Technologies, Inc. (tst) and Others.

Report coverage

  • Recent Trend and Developments: The major players operating in the global market have adopted key strategies such as product launch and acquisition to strengthen their market outreach and sustain the stiff competition in the market.
  • Key Market Players: Key players list and Key companies profiled in this market include.
  • Revenue forecast, company share, competitive landscape and growth factors.

Objectives of the study

To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the respective market. To analyze the competitive intelligence of players based on company profiles and their key growth strategies. To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total respective market. To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the respective market. A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

Note –

  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
  • Also, you can buy some selected Chapters from the report.

FREQUENTLY ASKED QUESTIONS?

  • What is the total market value?
  • What will be the growth in 2027?
  • What are the key trends in the market?
  • What are the major players in the markets?
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  • What are the countries included in the rest of the word segments?
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  • Executive Summary
  • Research Methodology
    • Primary Research
    • Secondary Research
    • Market Analytics
    • Revenue Forecasting
  • Market Overview
    • Market Definition
    • Scope of the Study
      • Research Objectives
      • Assumptions & Limitations
      • Market Structure
    • Market Dynamics
      • Introduction
      • Microeconomic Factor Analysis
      • Market Evolution
      • Technology Roadmap
      • Demand-Supply Dynamics
      • Growth Drivers
      • Restraints
      • Opportunities
      • Challenges
      • Sustainable Strategies
    • Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
    • Industry Analysis
      • Profitability analysis
      • Supply Chain & Value Chain Analysis
      • Porter’s Five Forces Analysis
        • Bargaining power of Suppliers
        • Bargaining Power of Buyers
        • Threat of substitutes
        • Threat of new entrants
        • Degree of Competition
      • PEST Analysis
      • Upstream and downstream profitability analysis and opportunities

Global Market Scope

  1. Market analysis by product category
  2. Market analysis by component / type
  3. Market analysis by technology
  4. Market analysis by application
  5. Market analysis by industry vertical
  6. Market analysis by end-use
  7. Market analysis by emerging technologies, trends and applications
  8. Market analysis by region
    • North America
      • US
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Peru
      • Venezuela
      • Ecuador
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Russia
      • Italy
      • Spain
      • Sweden
      • Netherlands
      • Poland
      • Austria
      • Belgium
      • Finland
      • Norway
      • Switzerland
      • Denmark
      • Czech Republic
      • Portugal
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • Taiwan
      • India
      • Australia
      • Indonesia
      • Philippines
      • Malaysia
      • Others
    • Middle East
      • Iran
      • Turkey
      • Kuwait
      • UAE
      • Israel
      • Oman
      • Bahrain
      • Saudi Arabia
      • Qatar
      • Egypt
      • Others
    • Africa
      • Algeria
      • Libya
      • South Africa
      • Sudan
      • Zimbabwe
      • Others
  1. Competitive Landscape
    • Introduction
    • Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
    • Market Strategy
    • Mergers and Acquisitions
    • New Product Launches
    • Asset Transactions
    • Financial Announcements
  2. Company Profile (key market players)
    • Company profile 1
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 2
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 3
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 4
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 5
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 6
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 7
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 8
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 9
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 10
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
  1. Other Companies

150+

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.