Thermal Spray Coatings Market is anticipated to exhibit a healthy CAGR during the forecast period, according to a report available on Million Insights. Thermal spray coating refers to industrial process that involves coating material in wire or powder form and a heat source. The heat source is used to melt the material into tiny droplets, which are sprayed onto substrates at high velocity. This technique is able to improve performance characteristics of the substrates by imparting erosion, wear, corrosion, heat, cavitation, and abrasion. Other advantages include high deposition rate, thick coatings, and low toxic gas emissions.
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Market Synopsis of Thermal Spray Coatings Market:
Growing need to enhance
durability of machines among industries to reduce maintenance costs is
anticipated to propel thermal spray coatings industry growth. Changing consumer
preference for thermal spray coatings over chrome plating owing to superior
properties is expected to impel market growth. Stringent regulations introduced
by governments across various nations to reduce use of material containing
volatile organic compounds (VOCs) will drive the thermal spray coatings market
over the forecast period.
To cater to rising demand for
advanced coating techniques, manufacturing companies and researchers are
investing in R&D to develop innovative methods. For instance, in January
2018, an Indian scientist was contacted another scientist from National
Aeronautics and Space Administration (NASA) to know more about former’s thermal
spray coating method. The doctor had developed a control segmented Yttria
Stablized Zirconia (YSZ) while working at MEC. The technology is believed to
reduce operational cost of spray coatings by fifty percent.
Product Insights:
Based on product, the thermal
spray coating market can be categorized into ceramics, metals, carbides,
polymers, abradables, and others.Ceramics segment is anticipated to exhibit
highest CAGR over the forecast period owing to superior properties such as high
temperature resistance and adhesive bonding. Rising demand for ceramic material
in turbine blades, aerospace engine systems, and flame tubes attributed to
better heat resistance will drive segment’s growth in coming years.
Technology Insights:
On the basis of technology, the
thermal spray coatings market can be classified into plasma, flame, cold,
high-velocity oxygen fuel (HVOF), electric arc, and others.Plasma spray
technology segment is predicted to hold largest market share over the forecast
period. The technology can be used for wide range of materials including
ceramics and metals on small and large components. Some industrial benefits
such as temperature management, wear resistance, electrical conductivity, and
heat and oxidation resistance are driving demand for plasma technology.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Thermal Spray Coatings:
Market Variables, Trends & Scope
Chapter 4 Thermal Spray Coatings:
Product Estimates & Trend Analysis
Chapter 5 Thermal Spray Coatings:
Application Estimates & Trend Analysis
Chapter 6 Thermal Spray Coatings:
End-use Estimates & Trend Analysis
Chapter 7 Thermal Spray Coatings:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Thermal Spray Coatings:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Thermal Spray Coatings:
Manufacturers Company Profiles
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