Thermal Spray Market to Reach USD 10,740 Million by 2026 – Exclusive Report by Mordor Intelligence

November 03 15:58 2021
Thermal Spray Market to Reach USD 10,740 Million by 2026 - Exclusive Report by Mordor Intelligence
Mordor Intelligence
The United Kingdom is the largest European market for high-end consumer electronics products, with about 18,000 UK-based electronics companies. The demand for technologically-advanced electronic devices had registered significant growth in the consumer electronics market in the country. This growth in demand is expected to drive the production of electronics in the country, leading to the demand for Thermal Spray in electronic applications.

Thermal Spray Market Overview

The global thermal spray market is expected to reach a value of USD 10,740 million by 2026, registering a CAGR of over 2%, during the forecast period. The major drivers of the thermal spray market are the increasing usage of thermal spray coatings in medical devices, the rising popularity of thermal spray ceramic coatings, replacement of hard chrome coatings by thermal spray coatings, and rising use of thermal spray coatings in the aerospace industry. The aerospace end-use industry dominated the market, and it is expected to grow at a significant rate during the forecast period, owing to the increasing investment in the global aerospace industry.

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Thermal Spray Market – Geographical Overview 

Europe dominated the thermal spray market across the world

Germany has the largest automobile industry in Europe, with 41 assembly and engine production plants that contribute to one-third of the total automobile production in Europe. Germany, which is one of the leading manufacturing bases of the automotive industry, is home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.

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Key Highlights of the Thermal Spray Market

  • The global thermal spray market is very fragmented, with the top 4 players accounting for not more than 25% of the total market share. The major players present in the market include OC Oerlikon Management AG, Linde plc, Chromalloy Gas Turbine LLC, Hoganas AB, Kennametal Inc., among others.
  • In the aerospace sector, thermal spray coatings are extensively used as protective coatings to protect aircraft components and repair the old ones. According to Boeing, the growing passenger volumes and increasing retirements of airplanes are expected to drive the need for 43,610 new commercial airplane deliveries (valued at about USD 7.2 trillion) over the next two decades. The global commercial fleet is forecast to reach 49,405 airplanes by 2040, with all the new airplanes and jets that would remain in service having been taken into account.

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List of Key Players in the Thermal Spray Market

  • Thermal Spray Material Companies
    • 5iTECH LLC
    • AMETEK Inc.
    • Ardleigh Minerals Incorporated
    • Aimtek Inc.
    • C&M Technologies GmbH
    • Castolin Eutectic
    • CenterLine Holdings Inc. (Supersonic Spray Technologies)
    • CRS Holdings Inc.
    • Fujimi Incorporated
    • Global Tungsten & Powders Corp.
    • HC Starck Inc.
    • HAI Inc.
    • Hoganas AB
    • Hunter Chemical LLC
    • Kennametal Inc.
    • LSN Diffusion Limited
    • Linde plc
    • Metallisation Limited
    • Metallizing Equipment Co. Pvt. Ltd
    • OC Oerlikon Management AG
    • Plasma Powders
    • Polymet
    • Powder Alloy Corporation
    • Saint-Gobain
    • Sandvik AB
    • The Fisher Barton Group (Lineage Alloys)
    • Thermion
  • Thermal Spray Coatings Companies
    • APS Materials Inc.
    • ASB Industries Inc.
    • Bodycote
    • Chromalloy Gas Turbine LLC
    • FM Industries Inc.
    • FW Gartner Thermal Spraying (Curtis-Wright)
    • The Fisher Barton Group (Thermal Spray Technologies)
    • Thermion
    • TOCALO Co. Ltd
    • Lincotek Trento SpA
    • Linde PLC (Praxair S.T. Technologies Inc.)
    • Oerlikon Metco
  • Thermal Spray Equipment Companies
    • Air Products and Chemicals Inc.
    • Arzell Inc.
    • ASB Industries Inc.
    • Bay State Surface Technologies Inc. (Aimtek Inc.)
    • Camfil Air Pollution Control (APC)
    • Castolin Eutectic
    • CenterLine Holdings Inc.
    • Donaldson Company Inc.
    • Flame Spray Technologies BV
    • GTV Verschleibschutz GmbH
    • HAI Inc.
    • Imperial Systems Inc.
    • Kennametal Inc.
    • Lincotek Equipment SpA
    • Linde PLC
    • Metallisation Limited
    • Metallizing Equipment Co. Pvt. Ltd
    • Oerlikon Metco
    • Plasma Powders
    • Powder Feed Dynamics Inc.
    • Progressive Surface
    • Saint-Gobain
    • Thermion

*List Not Exhaustive 

Mordor Intelligence has segmented the global thermal spray market on the basis of product type, thermal spray coatings and finishes, end-user industry, and geography:

  • Product Type (Market Size & Forecast based on Revenue (USD million), 2016-2026)
    • Coating Material
      • Powders
        • Ceramics
        • Metal
        • Polymers and Other Powders
      • Wires/Rods
      • Other Coating Materials (Liquids)
    • Supplementary Materials (Auxiliary Material)
    • Thermal Spray Equipment
      • Thermal Spray Coating System
      • Dust Collection Equipment
      • Spray Gun & Nozzle
      • Feeder Equipment
      • Spare Parts
      • Noise-reducing Enclosures
      • Other Thermal Spray Equipment
  • Thermal Spray Coatings and Finishes (Market Size & Forecast based on Revenue (USD million), 2016-2026)
    • Combustion
    • Electrical Energy
  • End-user Industries (Market Size & Forecast based on Revenue (USD million), 2016-2026)
    • Aerospace
    • Industrial Gas Turbines
    • Automotive
    • Electronics
    • Oil and Gas
    • Medical Devices
    • Energy and Power
    • Other End-user Industries
  • Geography (Market Size & Forecast based on Revenue (USD million), 2016-2026)
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN Countries
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • Italy
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle-East and Africa
      • Saudi Arabia
      • United Arab Emirates
      • South Africa
      • Rest of Middle-East and Africa

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