iCrowdNewswire Feb 15, 2021 4:30 AM ET
According to the new market research report “Thermal Spray Coatings Market by Materials (Ceramics and Metals & Alloys), Process (Combustion Flame and Electrical), End-Use Industry (Aerospace, Automotive, Healthcare, Agriculture, Energy & Power and Electronics) and Region – Global Forecast to 2025″, is expected to grow from USD 7.6 billion in 2020 to USD 10.7 billion by 2025, at a CAGR of 7.0%. The growth of the thermal spray coatings market is attributed towards increasing consumption of thermal spray coatings from aerospace, automotive and other end-use industries. However, lack of knowledge and technical skills is restraining the growth of thermal spray coatings market. Additionally, recent outbreak of Covid-19 has resulted in shutting of manufacturing facilities across the globe which will have severe effect on the Thermal spray coatings market.
Don’t miss out on business opportunities in Thermal Spray Coatings Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=181347083
Based on materials, the thermal spray coatings market has been segmented into ceramics, metals & alloys, and others (carbides, composites and polymers). Ceramics material is projected to have largest share in the thermal spray coatings market during the forecast period. The growing demand for ceramics is attributed towards its properties such as thermal resistance, corrosion resistance and other. Moreover, the cost efficiency of ceramics is contributing to the growth of this material.
Based on end-use industry, the thermal spray coatings market has been segmented into aerospace, automotive, healthcare, agricultural machinery, energy & power, electronics and others. Among these aerospace industry is projected to have largest share in the market during the forecast period. There is a boom in aerospace industry due to demand backlog which is almost equal to 10 years. Automotive is another big industry which consumes thermal spray coatings. Moreover, increasing automotive production in many regions is expected to drive the growth of thermal spray coatings market. Healthcare industry is the major consumer of thermal spray coatings market.
Browse and in-depth TOC on “Thermal Spray Coatings Market – Global Forecast to 2025”
69 – Tables
36 – Figures
145 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/thermal-spray-coating-market-181347083.html
The global thermal spray coatings market is estimated to be USD 7.6 billion in 2020 and is projected to reach USD 10.7 billion by 2025, at a CAGR of 7.0%. This growth is mainly attributed to the high demand from the aerospace, healthcare and automotive end-use industries. However, recent outbreak of Covid-19 throughout the globe has resulted in shutdown of manufacturing facilities. This will have serious effect on the thermal spray coatings market.
Praxair Surface Technologies, Inc (US), BodyCote (UK), Oerlikon Metco (Switzerland), Surface Technology (UK), H.C Starck Gmbh (Germany), F.W. Gartner Thermal Spraying (US), Arc Spray (Pty) Ltd (South Africa), Metallisation Limited (UK), Plasma-Tec, Inc. (US), C&M Technologies GmbH (Germany), AMETEK Inc. (US), Flame Spray SpA (Italy), BryCoat Inc. (US), Thermal Spray Technologies, Inc. (tst) (US) are the leading manufacturers of thermal spray coatings, globally.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181347083
Praxair Surface Technologies, Inc (US) is one of the leading players in the thermal spray coatings market. The company has been focusing on organic & inorganic strategies to maintain its leading position in the market. Praxiar has a wide product portfolio for serving Domestic & International markets. For example, In February 2018, PG Technologies, Pte Ltd, a wholly owned subsidiary of Praxair Surface Technologies and GE Aviation, expanded its production to add additional coating capacity in Singapore to meet the aviation industry’s growing demand. The facility plans to double its electron beam physical vapor deposition (EBPVD) coating capacity as well as add other aviation-related coating processes in a new facility. Additionally, in December 2017, Praxair and GE Aviation together opens up a New Advanced Jet Engine Coatings Facility in Ellisville, Mississippi which specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses. This expansion helped both the companies in expanding its foothold towards core aviation industry.
Oerlikon Metco (Switzerland) is the other major player in the thermal spray coatings market. The company adopted the organic & inorganic growth strategies to establish its foothold, globally. For example, In June 2019, Oerlikon signed an agreement to acquire AMT AG in Kleindöttingen, Switzerland. The acquisition is in line with Oerlikon’s strategy to focus and expand its surface solution technologies while increasing market applications and service accessibility to customers. AMT extends the product and service offerings for thermal spray applications and turnkey solutions for Oerlikon Metco. In April 2019, Oerlikon acquired TeroLab Surface GmbH in Langenfeld, Germany. The acquisition expands Oerlikon Metco’s coatings services by increasing market applications and service accessibility to customers. Oerlikon also announced that TeroLab Surface GmbH in Langenfeld, Germany, will be transferred from the TeroLab Surface Group to Oerlikon. It will operate as Oerlikon Metco Coating Services GmbH and as part of the business unit Oerlikon Metco Aero & Energy.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/thermal-spray-coating-market.asp
Keywords: Thermal Spray Coatings Market, Thermal Spray Coatings Industry, COVID 19 impact on Thermal Spray Coatings Market, Thermal Spray Coatings Market share, Thermal Spray Coatings Market size, Thermal Spray Coatings Market application