What is Thermal Spray Coatings?
Thermal Spray Coating are layers or coats which consist of molten powder and wire which are sprayed on to the surfaces with help of plasma or oxy fuel combination. The mixture sprayed on the surface will firmly coat the whole device once it is cooled. Such coatings are especially helpful in protection from extreme heat, chemicals and other external environment which is why it has wide applications in automotive and aerospace industry. The growth in end user industries with the reviving of global economies after opening of lock downs is set to spur the growth of thermal spray coating industry too.
The market study is broken down by Type (Ceramic, Metals & Alloys and Others), by Application (Aerospace, Automotive, Healthcare, Energy & Power, Electronics, Agricultural Machinery and Others) and major geographies with country level break-up.
There are various companies are operating in the market to provide Thermal Spray Coating . Increased concern regarding the shelf life is impacting on the demand for thermal spray coating in positive manner. Hence to grab the opportunity associated with the market, many new market players are entering to the market. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry.
Surface Technology (United Kingdom), Oerlikon (Switzerland), BodyCote plc (United Kingdom), Praxair Surface Technologies, Inc. (United States), Plasma-Tec, Inc. (United States), A & A Coatings (United States), F.W. Gartner Thermal Spraying (United States), C&M Technologies GmbH (Germany), H.C Starck Gmbh (Germany), BryCoat Inc. (United States), Thermal Spray Technologies, Inc. (United States) and Metalock Engineering Group (South Africa) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Metallisation (United Kingdom) and Plasmatron India (India).
AdvanceMarketAnalytics has segmented the market of Global Thermal Spray Coatings market by Type, Application and Region.
On the basis of geography, the market of Thermal Spray Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operations , the sub-segment i.e. Manually will boost the Thermal Spray Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Automotive will boost the Thermal Spray Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Metals will boost the Thermal Spray Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Plasma Spraying will boost the Thermal Spray Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Oerlikon, European market leader in surface technologies and thermal spray coating completed the acquisition of Germany based D-Coat GmbH, a diamond coating technology leader. The deal, will help Oerlikon expand its portfolio in cutting tools and surface technology with applications in aerospace and automotive industry.
- Increased Investment in Healthcare Recently has spurred the Demand for Thermal Spray Coating from Healthcare Industry
- Parts can be rebuilt at Low Costs
- Thermal Spraying Helps to Extend Shelf Life of Parts
- Growth in Automotive, Healthcare, Electronics and Aerospace has driven the Demand for Thermal Sprays
- Thermal Spray Coating Due to Higher Costs of Setup has Penetrated Far Less of Developing Countries Market Especially Asia Pacific which is Home to New Emerging Economies
- The Drastic Decline of Global Demand in Air Travel due to Pandemic is expected to Affect Thermal Spraying as Aerospace Industry is the Largest Consumer of Thermal Spraying Industry
- Increased Investment to Innovate in New Sustainable Manufacturing Process which has Minute Negative Impact on Environment
Key Target AudienceThermal Spray Coating Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase