Thermal sprayed coatings are applied on metal substrates and plastic substrates for coating. Thermal sprayed coatings enhance and improve performance of component when applied. Key application areas for thermal spray coating includes aerospace, medical, turbines, automotive, and steel industry. The aerospace segment is expected to be largest application segment in 2017, followed by automobile and turbine industry.
The global thermal spray coatings market report has been segmented on the basis of material, technology, application, and region.
On the basis of technology, the global thermal spray coatings market has been segmented into cold spray, flame spray, electric arc spray, and others (plasma spray and high velocity oxygen fuel (HVOF)). The flame spray segment is estimated to account for largest share in terms of revenue in the global thermal spray coatings market. Flame spray segment revenue is also projected to register highest CAGR in next five years.
On the basis of application, the global thermal spray coatings market has been segmented into aerospace, automotive, healthcare, energy & power, oil & gas, electronics, and others (agricultural machinery, printing, and pulp & paper). The aerospace segment is projected to account for largest share in the global thermal spray coatings market in terms of revenue, owing to increasing use of thermal spray coatings in aerospace industry for high-temperature end-use applications.
On the basis of region, the global thermal spray coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is expected to dominate with major revenue share in the global thermal spray coatings market in 2017. Asia Pacific market has been estimated to register highest CAGR in terms of revenue in next nine years, owing to increasing demand for coatings from aerospace and automotive industries in this region.
Key players operating in the global market include Praxair S.T. Technology, Inc., Oerlikon Metco, Surface Technology, Inc., H.C. Starck GmbH, Flame Spray Coating Company, Thermal Spray Technologies, Inc. (Tst), A&A Thermal Spray Coatings, General Magnaplate Corporation, Plasma-Tec, and ASB Industries, Inc.