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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Thermal Spray Coatings Market Share
HVOF technology enhances the thermal spray coatings market by enabling rapid deposition rates and precise control over coating thickness, leading to increased productivity and reduced processing times for coating applications.
HVOF coatings typically have lower porosity and higher bond strength, reducing the risk of coating degradation and environmental contamination over time.
Electric arc spray coatings offer cost-effective solutions due to their relatively low equipment and operating costs compared to some other thermal spray methods. This affordability makes electric arc spray technology accessible to a wider range of industries and applications.
As air travel booms, the aerospace industry relies more heavily on thermal spray coatings to keep planes reliable, safe, and efficient, thus driving the thermal spray coatings market growth.
Aerospace manufacturers aim to lighten aircraft components for better fuel efficiency and cost-effectiveness. Thermal spray coatings provide this without compromising strength, aiding fuel savings.
Thermal spray coatings play a vital role in crafting drug delivery systems like inhalers, microneedles, and implantable drug-eluting devices. These coatings regulate release, bolster adherence, and elevate biocompatibility, improving targeted drug delivery efficacy.
Thermal Spray Coatings Market Report Snapshots
Thermal Spray Coatings Market Size
Thermal Spray Coatings Market Growth
Thermal Spray Coatings Market Trends
Thermal Spray Coatings Market Share
Thermal Spray Coatings Manufacturers
Thermal Spray Coatings Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 11.85 billion in 2023.
The market is projected to grow at a CAGR of 5.1 % between 2024 and 2032.
The revenue generated from the thermal spray coatings market is expected to reach USD 18.58 billion in 2032.
The major market drivers are robust growth in the aerospace and automotive industry and an increase in usage in the healthcare industry.
The key market trends include increasing demand for ceramics in various industries and growing industrialisation.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the technology, which includes cold spray, flame spray, plasma spray, HVOF, electric arc spray, and others.
Based on the product type, the market is divided into metals, ceramics, intermetallic, polymers, carbides, abradable, and others.
Based on the application, the market is divided into aerospace, industrial gas turbine, automotive, medical, printing, oil and gas, steel, pulp and paper, and others.
The market key players are Praxair S.T. Technology, Inc., Hayden Corp, Flame Spray Coating Company, CUMI EMD., Metatech Thermal Spray Pvt. Ltd., Kennametal Inc., and Alloy Thermal Spray Pvt. Ltd. among others.
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