Thermal Spray Coatings Market Industry Leaders & Research Insight -
Thermal spray coating process is a method used to surface and resurface engineered components. Thermal spray coating process provides surface protection to substrate materials and prevents them from wearing and corrosion. The major companies operating in the thermal spray coatings market 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.
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Thermal spray coatings are widely used in various industries, such as aerospace, automotive, healthcare, energy & power, electronics, agricultural machinery, and others, owing to excellent properties offered by them, which include improved surface protection, resistance to corrosion and abrasion, protection against scuff, and heat insulation, among others.
Some of the important strategies adopted by key companies to scale up their activities in the thermal spray coatings market are expansions, partnerships & joint ventures, acquisitions, and new product launches. These key companies are also investing in R&D activities to strengthen their product portfolios and enhance their position in the thermal spray coatings market.
Founded in 1907 and based in the U.S., Praxair Surface Technologies, Inc. is a manufacturer and supplier of surface-enhancing materials and processes. The company provides components, materials & equipment, and coating services to diverse industries, which include aviation, metal production, automotive & transportation, glass, bakeware, oil & gas, chemicals & pharmaceuticals, paper, plastics, and food & beverages. The company has adopted various strategies, such as joint ventures and new product launches to enhance its surface technology business. For instance, in October 2016, Praxair Surface Technologies, Inc. (U.S.) entered into a joint venture with GE Aviation (U.S.) to form PG Technologies, LLC. This joint venture aims at enabling PG Technologies to offer support for specialized coatings of GE Aviation. The company offers various products and services for surface protection, which include cold sprays, detonation gun & super D-gun, flame sprays, high-velocity oxy-fuel (HVOF), plasma sprays, wire arc sprays, carbide powders, ceramic powders, MCrALY, and pure metals and alloys.
Another leading player in the thermal spray coatings market is Oerlikon Metco, which was founded in 1994 and is headquartered in Switzerland. It is a leading provider of surface solutions and serves diverse industries through its surface enhancement technologies and advanced coatings. The company offers various core technologies and products, such as Metco, Amdry, and Durabrade. The company focuses on strengthening its customer base and increasing its market shares through partnerships, acquisitions, and new product launches. For instance, in May 2016, Oerlikon Metco launched UniCoatPro, a new thermal spray system platform for its customers to obtain a better understanding of coating consistency so as to enhance quality control for thermal spray applications.
Thermal Spray Coatings Market Industry New Revenue Pockets -
Thermal spray coatings are widely used for various engineered components, owing to the excellent property of surface protection offered by them. The thermal spray coatings market is projected to reach USD 11.44 billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The growth of this market is mainly attributed to the increasing demand for thermal spray coatings from various industries, such as aerospace, automotive, healthcare, energy & power, electronics, and agriculture, among others. The increased use of thermal spray coatings in varied industries is due to a number of properties offered by them, which include high resistance to corrosion, abrasion, and wearing.
On the basis of end-use industries, the thermal spray coatings market has been classified into aerospace, automotive, healthcare, energy & power, electronics, agricultural machinery, and others. Among end-use industries, the healthcare segment of the thermal spray coatings market is projected to grow at the highest CAGR during the forecast period. The growth of the healthcare segment of the market is mainly attributed to the significant use of thermal spray coatings in various applications, which include orthopedic implants, medical instruments, and apparatuses, among others.
On the basis of process, the thermal spray coatings market has been classified into combustion flame process and electrical energy. The combustion flame segment of the thermal spray coatings market is projected to grow at the highest CAGR between 2016 and 2021. Combustion flame spraying process is highly suitable for coating large areas.
On the basis of material, the thermal spray coatings market has been segmented into ceramic, metals & alloys, and others. The ceramic material segment of the thermal spray coatings market is projected to grow at the highest CAGR during the forecast period. The growth of the ceramic segment of the market is attributed to the excellent adhesion property offered by the ceramic materials. The major substrates of ceramic powder material used in thermal spray coatings are alumina, zirconia, and yttria.
The Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR between 2016 and 2021. The thermal spray coatings market in the Asia-Pacific region has been studied for countries such as China, Japan, India, South Korea, and Vietnam, among others. The market in this region is witnessing increased use of thermal spray coatings in the automotive, energy & power, healthcare, and agriculture sectors. The increasing investments in the automotive industry of the Asia-Pacific region have led to increased demand for vehicles, thereby leading towards increased use of thermal spray coatings in automobiles. This, in turn, is expected to fuel the growth of the Asia-Pacific thermal spray coatings market during the forecast period.
The thermal spray coatings market is highly fragmented and competitive with the presence of a large number of prominent players. Key manufacturers of thermal spray coatings are mainly located in the North American and European regions. The U.S. is the largest market for thermal spray coatings in the North American region. Increased demand for advanced machinery, high growth of the aerospace industry, and increased demand for vehicles in the North American region are some of the major drivers for the growth of the North America thermal spray coatings market.
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 are the key players operating in the thermal spray coatings market.
Thermal spray coatings are widely used in various industries, such as aerospace, automotive, healthcare, energy & power, electronics, agricultural machinery, and others, owing to excellent properties offered by them, which include improved surface protection, resistance to corrosion and abrasion, protection against scuff, and heat insulation, among others.
Some of the important strategies adopted by key companies to scale up their activities in the thermal spray coatings market are expansions, partnerships & joint ventures, acquisitions, and new product launches. These key companies are also investing in R&D activities to strengthen their product portfolios and enhance their position in the thermal spray coatings market.
Founded in 1907 and based in the U.S., Praxair Surface Technologies, Inc. is a manufacturer and supplier of surface-enhancing materials and processes. The company provides components, materials & equipment, and coating services to diverse industries, which include aviation, metal production, automotive & transportation, glass, bakeware, oil & gas, chemicals & pharmaceuticals, paper, plastics, and food & beverages. The company has adopted various strategies, such as joint ventures and new product launches to enhance its surface technology business. For instance, in October 2016, Praxair Surface Technologies, Inc. (U.S.) entered into a joint venture with GE Aviation (U.S.) to form PG Technologies, LLC. This joint venture aims at enabling PG Technologies to offer support for specialized coatings of GE Aviation. The company offers various products and services for surface protection, which include cold sprays, detonation gun & super D-gun, flame sprays, high-velocity oxy-fuel (HVOF), plasma sprays, wire arc sprays, carbide powders, ceramic powders, MCrALY, and pure metals and alloys.
Another leading player in the thermal spray coatings market is Oerlikon Metco, which was founded in 1994 and is headquartered in Switzerland. It is a leading provider of surface solutions and serves diverse industries through its surface enhancement technologies and advanced coatings. The company offers various core technologies and products, such as Metco, Amdry, and Durabrade. The company focuses on strengthening its customer base and increasing its market shares through partnerships, acquisitions, and new product launches. For instance, in May 2016, Oerlikon Metco launched UniCoatPro, a new thermal spray system platform for its customers to obtain a better understanding of coating consistency so as to enhance quality control for thermal spray applications.
Thermal Spray Coatings Market Industry New Revenue Pockets -
Thermal spray coatings are widely used for various engineered components, owing to the excellent property of surface protection offered by them. The thermal spray coatings market is projected to reach USD 11.44 billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The growth of this market is mainly attributed to the increasing demand for thermal spray coatings from various industries, such as aerospace, automotive, healthcare, energy & power, electronics, and agriculture, among others. The increased use of thermal spray coatings in varied industries is due to a number of properties offered by them, which include high resistance to corrosion, abrasion, and wearing.
On the basis of end-use industries, the thermal spray coatings market has been classified into aerospace, automotive, healthcare, energy & power, electronics, agricultural machinery, and others. Among end-use industries, the healthcare segment of the thermal spray coatings market is projected to grow at the highest CAGR during the forecast period. The growth of the healthcare segment of the market is mainly attributed to the significant use of thermal spray coatings in various applications, which include orthopedic implants, medical instruments, and apparatuses, among others.
On the basis of process, the thermal spray coatings market has been classified into combustion flame process and electrical energy. The combustion flame segment of the thermal spray coatings market is projected to grow at the highest CAGR between 2016 and 2021. Combustion flame spraying process is highly suitable for coating large areas.
On the basis of material, the thermal spray coatings market has been segmented into ceramic, metals & alloys, and others. The ceramic material segment of the thermal spray coatings market is projected to grow at the highest CAGR during the forecast period. The growth of the ceramic segment of the market is attributed to the excellent adhesion property offered by the ceramic materials. The major substrates of ceramic powder material used in thermal spray coatings are alumina, zirconia, and yttria.
The Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR between 2016 and 2021. The thermal spray coatings market in the Asia-Pacific region has been studied for countries such as China, Japan, India, South Korea, and Vietnam, among others. The market in this region is witnessing increased use of thermal spray coatings in the automotive, energy & power, healthcare, and agriculture sectors. The increasing investments in the automotive industry of the Asia-Pacific region have led to increased demand for vehicles, thereby leading towards increased use of thermal spray coatings in automobiles. This, in turn, is expected to fuel the growth of the Asia-Pacific thermal spray coatings market during the forecast period.
The thermal spray coatings market is highly fragmented and competitive with the presence of a large number of prominent players. Key manufacturers of thermal spray coatings are mainly located in the North American and European regions. The U.S. is the largest market for thermal spray coatings in the North American region. Increased demand for advanced machinery, high growth of the aerospace industry, and increased demand for vehicles in the North American region are some of the major drivers for the growth of the North America thermal spray coatings market.
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 are the key players operating in the thermal spray coatings market.
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