Rising demand for thermal coatings to improve fuel efficiency and performance of aircraft is a key factor driving market revenue growth
The global Thermal Spray Coatings Equipment Market size was USD 8 Billion in 2022 and is expected to reach USD 22.18 Billion in 2032, and register a revenue CAGR of 12% during the forecast period. The increased industrialization and rising need for Protective Coatings that provide higher performance and durability to the components and structures exposed to harsh operating environments are major factors driving the market revenue growth.
The requirement for corrosion and wear-resistant coatings, the rising demand for Thermal Barrier Coatings in the aerospace industry, and increasing use of these coatings in the healthcare sector are just a few of the factors driving revenue growth of the Thermal Spray Coatings Equipment market. These coatings are also being utilized more frequently in the oil and gas sector to shield pipelines and drilling platforms against corrosion and erosion.
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Top Leading Players in The Global Thermal Spray Coatings Equipment Market Are:
Praxair Surface Technologies, Inc., Bodycote plc, H.C. Starck GmbH, Arc-Spray (Pty) Ltd, C&M Technologies GmbH, AMETEK, Inc., BryCoat Inc., Montreal Carbide Co. Ltd., Powder Alloy Corporation, and John Wood Group plc.
The demand for Thermal Spray Coatings Equipment is driven by several factors:
- Growing industrial applications: Thermal Spray Coatings Equipment find extensive use in industries such as aerospace, automotive, oil and gas, power generation, electronics, and healthcare. These coatings provide benefits such as enhanced corrosion resistance, improved wear resistance, thermal insulation, and increased surface hardness. With the growth of these industries, the demand for Thermal Spray Coatings Equipment has also increased.
- Increasing focus on maintenance and repair: As industries strive to improve the lifespan and performance of their equipment and components, the demand for Thermal Spray Coatings Equipment for maintenance and repair purposes has surged. These coatings can be applied to restore worn-out surfaces, improve dimensional restoration, and extend the service life of critical components, thereby reducing replacement costs.
- Advancements in coating materials and techniques: The development of new and improved coating materials and techniques has expanded the applications and performance capabilities of Thermal Spray Coatings Equipment. Innovations in materials such as ceramics, metals, alloys, and composites have enabled the production of coatings with superior properties. Additionally, advancements in thermal spray techniques, such as high-velocity oxy-fuel (HVOF) and plasma spraying, have improved coating quality and efficiency.
- Focus on environmental sustainability: Thermal Spray Coatings Equipment offer environmental advantages compared to traditional coating methods. They can be applied without the use of harmful solvents or chemicals, reducing environmental pollution. Furthermore, Thermal Spray Coatings Equipment enable the repair and reconditioning of components, reducing the need for new replacements and minimizing waste.
Segments covered in the report:
Materials Outlook (Revenue, USD Billion; 2018-2030)
- Ceramics
- Metals
- Alloys
- Intermetallic
- Polymers
- Others
Process Outlook (Revenue, USD Billion; 2018-2030)
- Combustion Flame Spraying
- Cold Spraying
- Plasma Spraying
- High-Velocity Oxy-Fuel (HVOF) Spraying
- Electric Arc Spraying
- Others
Application Outlook (Revenue, USD Billion; 2018-2030)
- Aerospace
- Healthcare
- Agricultural Machinery
- Automotive
- Electronics
- Energy & Power
- Others
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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