Global Thermal Spray Material Market Overview
Introduction:
Thermal spraying techniques are coating processes in which melted materials are sprayed onto a surface. The feedstock is heated by electrical or chemical means. Thermal spraying can provide thick coatings over a large area at a high deposition rate as compared to other coating processes such as electroplating, physical and chemical vapour deposition. Coating materials available for thermal spraying include metals, alloys, ceramics, plastics and composites.
Drivers and Restraints:
Major factors driving the market studied are increasing demand for high performance customized alloy powders in the automotive industry and the rising popularity of thermal spray ceramic coatings. The aerospace end-use industry dominated the market, and it is expected to grow at a significant rate during the forecast period, owing to the increasing investment in the global aerospace industry. Recycling of thermal spray processing materials and advancements in spraying technology are likely to act as the opportunities in the future. Thermal spray materials play a huge role in protecting expensive engine components, by extending component life and improved performance thereby contributing grand growth in the market. The global defence budget is also increasing on a daily basis has invested the majority of growth in the market. However, with the development and emergence of hard trivalent chrome coatings in recent years, the overall demand for thermal spray is expected to be hindered.
Segmentation:
The global Thermal Spray Material market is segmented based on Product Type, Thermal Spray Coatings & Finishes, and region.
Based on product type, the global thermal spray material market is segmented into coating material and supplementary Materials. Coatings material is further sub-segmented into powder, and wire/rod. The powder is again sub-segmented into ceramics, metals, and polymer and other coating materials. Ceramics is further sub-segmented into ceramics oxides and carbides. Ceramics oxides are further sub-segmented into Alumina, titania, zirconia, and chromia and other ceramic oxides. Carbides are further sub-segmented into chromium carbides and tungsten carbides. Metals are further sub-segmented into pure metals and alloys, precious metals, and MCrAIY. Based on process type, the global market is segmented into combustion and electric energy. Combustion is further sub-segmented into low velocity, high velocity, and detonation. Electric energy is further sub-segmented into wire arc, plasma, and cold spray. Based on end-user industry, the global market is segmented into aerospace, industrial gas turbines, automotive, electronics, oil & gas, medical devices, energy & power, and other end-user industries. The aerospace end-use industry dominated the market, and it is expected to grow at a significant rate during the forecast period, owing to the increasing investment in the global aerospace industry.
Based on the region the global Thermal Spray Material market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market followed by Asia-Pacific and Europe across the world, with the largest consumption from the countries, such as United States, China, and Germany, among others.
Key Players:
The key players operating the global thermal spray material includes Oerlikon​, Linde (Praxair Technology Inc.), Chromalloy Gas Turbine LLC​, Hoganas AB, Kennametal Inc., HC Starck GmbH, Bodycote PLC, and the Fisher Barton Group. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the Product Types to gain a competitive edge in the target market. For instance, in February 2019, Linde Awarded Second Major Contract to supply Hydrogen Plant for Praxair. The company has signed a contract with U.S. industrial gas company, Praxair Inc., to supply a Hydrogen Plant. In June 2018, Chromalloy Awarded Multi-Year U.S. Navy Contract to Repair LM2500 Gas Turbine Engine Components PALM BEACH GARDENS, Fla. Chromalloy, a leader in gas turbine engine component repair, advanced coatings, manufacturing and asset management, announced today the award of a firm-fixed-price, indefinite-delivery/indefinite-quantity services contract for the repair and refurbishment of LM2500 high-pressure turbine hot section parts for the U.S.
Detailed Segmentation:
Global Thermal Spray Material Market, By Product Type:
- Coatings Material
- Powders
- Ceramics
- Ceramics Oxides
- Alumina
- Titania
- Zirconia
- Chromia and Other Ceramics Oxides
- Carbides
- Chromium Carbides
- Tungsten Carbides
- Ceramics Oxides
- Metals
- Pure Metal
- Alloys
- Precious Metals
- MCrAIY
- Polymer & Others Coating Materials
- Ceramics
- Wire/Rod Others [Liquid
- Powders
- Supplementary Material
Global Thermal Spray Material Market, By Process type:
- Combustion
- Low Velocity
- High Velocity
- Detonation
- Electric Energy
- Wire Arc
- Plasma
- Cold Spray
Global Thermal Spray Material Market, By End User Industry:
- Aerospace
- Industrial Gas Turbines
- Automotive
- Electronics
- Oil & Gas
- Medical Devices
- Energy & Power
- Others End-User Industries
Global Thermal Spray Material Market, By Region:
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- North America
- North America Thermal Spray Material Market, By Product Type
- North America Thermal Spray Material Market, By Process type
- North America Thermal Spray Material Market, By End User Industry
- North America Thermal Spray Material Market, By Region
- U.S.
- Canada
- Europe
- Europe Thermal Spray Material Market, By Product Type
- Europe Thermal Spray Material Market, By Process type
- Europe Thermal Spray Material Market, By End User Industry
- Europe Thermal Spray Material Market, By Region
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Thermal Spray Material Market, By Product Type
- Asia Pacific Thermal Spray Material Market, By Process type
- Asia Pacific Thermal Spray Material Market, By End User Industry
- Asia Pacific Thermal Spray Material Market, By Region
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Thermal Spray Material Market, By Product Type
- Latin America Thermal Spray Material Market, By Process type
- Latin America Thermal Spray Material Market, By End User Industry
- Latin America Thermal Spray Material Market, By Region
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Thermal Spray Material Market, By Product Type
- Middle East & Africa Thermal Spray Material Market, By Process type
- Middle East & Africa Thermal Spray Material Market, By End User Industry
- Middle East & Africa Thermal Spray Material Market, By Region
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Company Profile:
- Oerlikon
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- Company Overview
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- Product Type Portfolio
- Key Highlights
- Financial Performance
- Business strategies
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- Linde (Praxair Technology Inc.)
- Chromalloy Gas Turbine LLC
- Hoganas AB
- Kennametal Inc.
- HC Starck GmbH
- Bodycote PLC
- Fisher Barton Group
“*” marked represents similar segmentation in other categories in the respective section
Key Issues Addressed
- What is the total revenue potential of the global thermal spray material market? How that market is expected to grow during the study period?
- What are some of the major growth opportunities in the thermal spray material market?
- Which companies are the major players in the thermal spray material market?