Global Thermal Spray Powders Market Overview:
Thermal spray powder is used for coating process. It will provide thick coatings. There are various applications of thermal coating powder such as aerospace industry, automotive industry, industrial gas turbines and Oil and Gas. Growing demand for higher performance customized alloy powders as well as extensive consumption of thermal sprayed tungsten-cobalt (WC-Co) coatings will help to boost global thermal spray powder market. Some of the players profiled in the study are Sandvik AB (Sweden), Praxair S.T. Technology, Inc. (United States), H.C. Starck GmbH (Germany), Oerlikon (Switzerland), Höganäs AB (Sweden), Bay State Surface Technologies Inc. (AIMTEK) (United States), C&M Technologies GmbH (Germany), Carpenter Powder Products (United States), Castolin Eutectic (Switzerland) and Global Tungsten & Powders (United States). According to Market Analyst at AMA, the Global Thermal Spray Powders market may see a growth rate of 7.24%
On the basis of geography, the market of Thermal Spray Powders 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, Switzerland, Sweden, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Thermal Spray Powders market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Aerospace will boost the Thermal Spray Powders market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Wide Consumption in Anti-corrosion Applications
- Rising Popularity of Thermal Spray Ceramic Coatings
- Growing Demand for Higher Performance Customized Alloy Powders
- Extensive Consumption of Thermal Sprayed Tungsten-cobalt (WC-Co) Coatings
- Development of Hard Trivalent Coating
- Industrial Scale Production of Environmental Barrier Coatings (EBC) Thermal Spray Powders
- Increasing Demand Due to Recycling of Thermal Spray Processing Materials
- Innovative Advancements in Spraying Technology
- Concerns Regarding Process Reliability as well as Consistency
Key Market Developments:
On 31st August 2018, Höganäs the world's largest producer of powdered metals has acquired H.C. Starck division for entry in ceramic market.
On 28th June 2018, H.C. Starck's Fabricated Products Division (FPR) has launched molybdenum thermal spray powders. That are designed for maximum followability.
Thermal Spray Powder Manufactures, Thermal Spray Powder Suppliers, Industry Associations and Experts, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Thermal Spray Powders market on the basis of product [Ceramics, Metals, Polymers and Others] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Thermal Spray Powders market with respect to major geographies, namely, 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, Switzerland, Sweden, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Thermal Spray Powders industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are HAI Inc. (United States), Hunter Chemical LLC (United States), Kennametal Inc. (United States) and Plasma Powders & Systems Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Thermal Spray Powders market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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.