Global Thermal Spray Coatings Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast - 2027

Japan, Japan, Mon, 06 Dec 2021 04:53:54 / Comserve Inc. / -- Global Thermal Spray Coatings Market is expected to register moderate growth at a CAGR of over 4.8% during the forecast period to surpass USD 13.8 Billion by 2027.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

Global Thermal Spray Coatings Market is expected to register moderate growth at a CAGR of over 4.8% during the forecast period to surpass USD 13.8 Billion by 2027.thermal spray coatings are used to improve and restore solid material by avoiding erosion, cavitation, corrosion, abrasion, and heat. Variance in the accessibility of crude materials utilized for thermal spraying is a significant test for the market players. Then again, the utilization of thermal spraying in sustainable power applications and innovative progressions in the thermal spraying covering techniques are projected to open new development roads for major parts in the worldwide thermal coatings market. Thermal spray coatings are primarily applicable in the aerospace industry in gas turbine engines, air vessels, rocket exhaust cones, insulating tiles, space shuttles, windshield glass, and engine components.

The Global Thermal Spray Coatings market is anticipated to exhibit a significant market growth during the review period owing to the high demand for thermal sprays in the healthcare industry for prosthetics, orthopedics, dental implants, pacemakers, etc. Additionally, the rising aerospace industry, on account of increased domestic and international travel for vacation and business excels the growth of the market during the review period. Also, the application of thermal spraying as a substitution for electroplating is fuelling the global market growth. However, certain disadvantages of thermal spraying processes such as the fluctuations in raw material availability and pricing may hinder the growth of the global market.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Thermal Spray Coatings Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast - 2027

Market Segmentation
Global Thermal Spray Coatings Market has been classified into Process, Material, and End User.
Based on the process segment, the global market has been divided into two segments, namely, combustion flame and electrical. The combustion flame process is further classified into flame spraying, HVOC spraying, and detonation flame spraying.
Based on material, the global thermal spray coating market has been classified into metals & alloys, ceramics, polymers, and others.
In terms of the end-user segment, the global market has been divided into aerospace, energy, and power, automotive, healthcare, machinery, agriculture, electrical and electronics, and others

Regional Analysis
Global Thermal Spray Coatings Market has been studied across the five regions, namely, North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa.
The market in Asia-Pacific is expected to lead the global market with the highest market share of over 31% in 2019 and is estimated to register the highest CAGR of around 7% to reach USD 5 billion by the end of 2027. The regional market's high growth is mainly driven by the increasing demand for thermal spray coatings from automotive, aerospace, oil and gas, and energy and power industries in prominent economies such as India, China, and Japan.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Thermal Spray Coatings Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast - 2027

Major Players
The Major Players in the Global Thermal Spray Coatings Market are Bodycote (UK), Oerlikon Group (Switzerland), BryCoat Inc. (US), Surface technology (UK), A&A Coatings (US), Plasma-tec, Inc (Canada), General Magnaplate Corporation (US), ASB Industries (US), H. C. Starck (US), Flame Spray Coating Company (US), Exline Inc (US), and Metallisation Limited (UK).

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENT

1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.1.1 GLOBAL THERMAL SPRAY COATINGS MARKET, BY PROCESS 19
1.1.2 GLOBAL THERMAL SPRAY COATINGS MARKET, BY MATERIAL 20
1.1.3 GLOBAL THERMAL SPRAY COATINGS MARKET, BY END USER 21
1.1.4 GLOBAL THERMAL SPRAY COATINGS MARKET, BY REGION 22
2 MARKET INTRODUCTION
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 27
3.4 MARKET SIZE ESTIMATION 27
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 28
3.6 FORECAST MODEL 29
3.7 LIST OF ASSUMPTIONS & LIMITATIONS 30

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