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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Thermal Spray Coatings Market Size
The global thermal spray coatings market reached a value of approximately USD 11.85 billion in 2023. The market is projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of around USD 18.58 billion by 2032.
Thermal Spray Coatings Market Outlook
- According to the ITA, in 2022, the UK civil aerospace turnover totalled approximately USD 34.5 billion, boosting the thermal spray coatings market.
- MHI forecasts India's auto industry to reach USD 179.68 billion by 2024, driving growth in the thermal spray coatings market.
- According to the AIA, Aerospace and Defence contributed USD 391 billion to the US GDP, representing 1.7% of the total nominal GDP.
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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