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Thermal Spray Coating Market Share Is Anticipated to Register A CAGR of 8.5% From Automotive Industry Till 2024

Author : Ronak Bora | Published Date : 2019-08-05 

Thermal Spray Coating Market size is likely to expand at a prominent CAGR from 2017 to 2024, in the automotive industry will observe a CAGR over 8.5% by 2024 owing to rising demand for passenger and commercial vehicles with durable coated components. Improved maintainability and reliability along with enhanced product life cycle will propel industry. Furthermore, high resistance towards scratch and decomposition on several automotive machineries will foster thermal spray coating market expansion.

Ceramic material was valued over USD 3 billion in 2016 owing to its superior adhesive bonding; high temperature resistance and high oxidation resistance properties. Ceramic provides robust surfaces to numerous automotive components, including diesel engine pistons, valves and cylinders. Increasing adoption of this material in aerospace engine systems, turbine blades and flame tubes to deliver better heat resistance will propel thermal spray coating market.

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Jet engine manufacturers and companies in aviation sectors are looking forward to implementing next-generation coating technologies in order to enhance the capability of jet engines to withstand high stress and temperatures, which would propel thermal spray coating market outlook. Moreover, the versatility of thermal spraying technology, owing to which it can be used for any type of material including plastic, metal, and ceramic, is one the major benefits that can be credited for its rising preference. In order to maintain the cost-effectiveness and quality of coatings, leading aerospace companies have been signing long-term partnership agreements with pivotal participants in thermal spray coating industry. For instance, a year before, Praxair Surface Technologies, one of the notable thermal spray coating market firms, signed a 10-year contract with the well-known aero engine manufacturer, Rolls Royce. Praxair Surface Technologies’ humongous expertise in coating operations will help Rolls Royce improve its engine efficiency and lifecycle. Thus, pertaining to the surging requirement of spray coatings in the aviation sector, in 2016, aerospace and defense held a revenue of USD 2.5 billion in thermal spray coating industry share.

Thermal Spray Coating Market in North America is estimated to be worth more than USD 2.3 billion in 2016 due to increasing requirement to achieve cost optimization in aerospace & defense and power industry. Enhanced aircraft performance at competitive prices while attaining all required regulatory, manufacturing protocols is expected to positively influence thermal spray coating market share.

Global thermal spray coating market share is slightly consolidated with presence of few international players and large number of regional participants. Key industry players include Oerlikon Metco, Cincinnati, H.C. Starck, Bodycote, and Praxair Surface Technologies. Other prominent players include Metallization, Thermion, Plasma-Tec, General Magnaplate, ASB Industries.

With the increasing adoption rate of thermal spray coating technologies, several contributors in thermal spray coating market are focusing on the development of innovative and advanced coating technologies incorporated with the benefits of less energy consumption, lesser downtime, improved productivity, high quality products, extended shelf life of products, and lower operating costs. Indeed, in the ensuing years, the growing demand for next-generation engines and high-quality components is slated to generate lucrative opportunities for giants in thermal spray coating industry, that would eventually impact the revenue generation of this business space.

Browse key industry insights spread across 400 pages with 977 market data tables & 25 figures & charts from the report, “Thermal Spray Coating Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/thermal-spray-coating-market

Glimpse of Table of Content (ToC)

Chapter 3 Thermal Spray Coating Industry Insights

3.1   Thermal Spray Coating Market segmentation

3.2   Thermal Spray Coating Market landscape, 2013- 2024

3.3   Thermal Spray Coating Market ecosystem analysis

3.3.1     Distribution channel analysis

3.3.2     Profit margin trends

3.3.3     Vendor matrix

3.4   Technology landscape

3.4.1     Combustion flame

3.4.1.1     Low velocity

3.4.1.2     The High-Velocity Oxygen Fuel (HVOF)

3.4.1.3     Detonation

3.4.2     Electrical energy

3.4.2.1     Two-wire electric arc spraying

3.4.2.2     Plasma spray

3.4.2.3     Cold spray

3.5   Regulatory landscape

3.5.1     North America

3.5.1.1    Spray Finishing Using Flammable and Combustible Materials - Regulations (Standards - 29 CFR) – Standard Number: 1910.107 - Occupational Safety and Health Standards (OSHA)

3.5.1.2    National Emission Standards for Hazardous Air Pollutants: Area Source Standards for Nine Metal Fabrication and Finishing Source Categories - 40 CFR Part 63 - Environmental Protection Agency (EPA)

3.5.1.3     Clean Air Act Amendments of 1990 - Environmental Protection Agency (EPA)

3.5.2     Europe

3.5.2.1    REACH (EC 1907/2006) Regulation – European Chemicals Agency (ECHA) – European Union (EU)

3.5.3     Asia Pacific

3.5.3.1     VOC Regulation of Honk Kong

3.5.3.2    National Industrial Chemicals Notification and Assessment Scheme (NICNAS) – Australia

3.5.4     Latin America

3.5.4.1     Administrative Rule 319 - National Chemical Safety Commission – Brazil

3.5.5     Middle East & Africa

3.5.5.1    Regulation DD-19.0: Hazardous/Dangerous Chemical Storage Warehouse- Saudi Standards, Metrology and Quality Organization (SASO) and Government of Dubai

3.6   Industry best practices & key buying criteria

3.7   Pricing analysis, by region

3.7.1     North America

3.7.2     Europe

3.7.3     APAC

3.7.4     LATAM

3.7.5     MEA

3.7.6     Cost structure analysis

3.8   Innovation & sustainability

3.8.1     Thermal spray of repair and protective coatings

3.8.2     Innovation in the process of thermal spraying coatings by University of Occupational Safety Management, Poland

3.8.3     NASA on Indian made thermal spray coating technology for spacecraft

3.9   Industry impact forces

3.9.1     Growth drivers

3.9.1.1     Shifting trends to attain cost optimization in North American aerospace industry

3.9.1.2     Expansion of European healthcare industry

3.9.1.3     Rising automotive production in APAC

3.9.1.4     Opportunities in the LATAM oil & gas industry

3.9.1.5     Growth in the MEA aviation Industry

3.9.2     Industry pitfall & challenges

3.9.2.1     Emergence of liquid coatings as better substitute

3.9.2.2     Lack of technical expertise

3.10 Global industrial coatings market overview (Parent market outlook)

3.10.1   Global industrial coatings market estimates & forecast, 2013-2024 (USD Billion)

3.10.2   Trends

3.10.3   Consumer requirements

3.11 Growth potential analysis

3.12 Competitive landscape, 2016

3.12.1   Market share analysis, 2016

3.12.2   Key stakeholders

3.12.3   Strategy dashboard

3.12.4   Thermal spray coating suppliers, by region

3.12.5   Thermal spray coating distributors, by region

3.12.6   Thermal spray coating potential customers, by region

3.13 Porter’s analysis

3.14 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/thermal-spray-coating-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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