Global Thermal Spray Coatings Market Size Study by Materials (Ceramics and Metals & Alloys), Process (Combustion Flame and Electrical), End-Use Industry (Aerospace, Automotive, Healthcare, Agriculture, Energy & Power, and Electronics), and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: G995320EC379EN
Bizwit Research & Consulting LLP

Abstracts

The Global Thermal Spray Coatings Market, valued at approximately USD 10.4 billion in 2023, is projected to grow at a promising CAGR of 6.50% during the forecast period 2024-2032. Thermal spray coatings play an instrumental role in enhancing the durability, performance, and thermal resistance of materials, making them indispensable across industries such as aerospace, automotive, and energy. These coatings involve the application of a heated material in fine particle form onto a substrate, creating a high-performance surface layer that can withstand extreme temperatures, wear, and corrosion.

Rapid advancements in materials science, combined with the increasing adoption of lightweight and energy-efficient components, are driving the demand for thermal spray coatings. The market's growth is further fueled by the escalating use of ceramics and metal alloys in the aerospace and automotive industries to meet stringent regulatory requirements. However, challenges such as the high initial costs associated with thermal spray equipment and the skilled expertise required for application may constrain market expansion. On the brighter side, ongoing innovations in eco-friendly coatings and sustainable manufacturing processes provide lucrative growth avenues for industry stakeholders.

North America continues to lead the global thermal spray coatings market, supported by its well-established aerospace sector and growing adoption of advanced technologies in automotive manufacturing. Europe follows closely, driven by the region's focus on energy efficiency and renewable energy projects, particularly in wind turbines. The Asia Pacific region is anticipated to witness the fastest growth, fueled by expanding industrialization, rising automotive production, and increasing investments in infrastructure. Meanwhile, emerging markets in Latin America and the Middle East & Africa are gaining traction, owing to their growing energy and agricultural sectors.

The competitive landscape is characterized by significant investments in research and development, strategic partnerships, and a focus on broadening product portfolios to cater to diverse end-use applications. Market leaders are also prioritizing sustainability, introducing eco-friendly solutions that align with global environmental goals.

Major market players included in this report are:

• Praxair Surface Technologies
• H.C. Starck GmbH
• Oerlikon Metco
• Bodycote plc
• Metallisation Ltd
• Fujimi Incorporated
• Saint-Gobain Coating Solutions
• Castolin Eutectic
• Linde plc
• Powder Alloy Corporation
• TST Coatings Inc.
• Surface Technology
• Flame Spray Technologies
• Curtis-Wright Corporation
• Plasma-Tec, Inc.

The detailed segments and sub-segment of the market are explained below:

By Materials:

• Ceramics
• Metals & Alloys

By Process:

• Combustion Flame
• Electrical

By End-Use Industry:

• Aerospace
• Automotive
• Healthcare
• Agriculture
• Energy & Power
• Electronics

By Region:

North America:

• U.S.
• Canada

Europe:

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America:

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024 to 2032

Key Takeaways:

• Market estimates and forecasts for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Comprehensive insights into geographical trends with country-specific analysis.
• Detailed competitive landscape featuring major industry players.
• Strategic recommendations and forward-looking insights for stakeholders.

Contents

CHAPTER 1. GLOBAL THERMAL SPRAY COATINGS MARKET EXECUTIVE SUMMARY

1.1. Global Thermal Spray Coatings Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Materials
  1.3.2. By Process
  1.3.3. By End-Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL THERMAL SPRAY COATINGS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL THERMAL SPRAY COATINGS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Demand for Lightweight and Energy-efficient Components
  3.1.2. Advancements in Materials Science
  3.1.3. Increasing Adoption in Aerospace and Automotive Industries
3.2. Market Challenges
  3.2.1. High Initial Costs of Thermal Spray Equipment
  3.2.2. Skilled Expertise Required for Application
3.3. Market Opportunities
  3.3.1. Innovations in Eco-friendly Coatings
  3.3.2. Sustainable Manufacturing Processes
  3.3.3. Strategic Partnerships and Collaborations

CHAPTER 4. GLOBAL THERMAL SPRAY COATINGS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL THERMAL SPRAY COATINGS MARKET SIZE & FORECASTS BY MATERIALS 2022-2032

5.1. Segment Dashboard
5.2. Global Thermal Spray Coatings Market: Materials Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Ceramics
  5.2.2. Metals & Alloys

CHAPTER 6. GLOBAL THERMAL SPRAY COATINGS MARKET SIZE & FORECASTS BY PROCESS 2022-2032

6.1. Segment Dashboard
6.2. Global Thermal Spray Coatings Market: Process Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Combustion Flame
  6.2.2. Electrical

CHAPTER 7. GLOBAL THERMAL SPRAY COATINGS MARKET SIZE & FORECASTS BY END-USE INDUSTRY 2022-2032

7.1. Segment Dashboard
7.2. Global Thermal Spray Coatings Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. Aerospace
  7.2.2. Automotive
  7.2.3. Healthcare
  7.2.4. Agriculture
  7.2.5. Energy & Power
  7.2.6. Electronics

CHAPTER 8. GLOBAL THERMAL SPRAY COATINGS MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Thermal Spray Coatings Market
  8.1.1. U.S. Thermal Spray Coatings Market
    8.1.1.1. Materials Breakdown Size & Forecasts, 2022-2032
    8.1.1.2. Process Breakdown Size & Forecasts, 2022-2032
    8.1.1.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
  8.1.2. Canada Thermal Spray Coatings Market
    8.1.2.1. Materials Breakdown Size & Forecasts, 2022-2032
    8.1.2.2. Process Breakdown Size & Forecasts, 2022-2032
    8.1.2.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
8.2. Europe Thermal Spray Coatings Market
  8.2.1. UK Thermal Spray Coatings Market
  8.2.2. Germany Thermal Spray Coatings Market
  8.2.3. France Thermal Spray Coatings Market
  8.2.4. Spain Thermal Spray Coatings Market
  8.2.5. Italy Thermal Spray Coatings Market
  8.2.6. Rest of Europe Thermal Spray Coatings Market
8.3. Asia Pacific Thermal Spray Coatings Market
  8.3.1. China Thermal Spray Coatings Market
  8.3.2. India Thermal Spray Coatings Market
  8.3.3. Japan Thermal Spray Coatings Market
  8.3.4. Australia Thermal Spray Coatings Market
  8.3.5. South Korea Thermal Spray Coatings Market
  8.3.6. Rest of Asia Pacific Thermal Spray Coatings Market
8.4. Latin America Thermal Spray Coatings Market
  8.4.1. Brazil Thermal Spray Coatings Market
  8.4.2. Mexico Thermal Spray Coatings Market
  8.4.3. Rest of Latin America Thermal Spray Coatings Market
8.5. Middle East & Africa Thermal Spray Coatings Market
  8.5.1. Saudi Arabia Thermal Spray Coatings Market
  8.5.2. South Africa Thermal Spray Coatings Market
  8.5.3. Rest of Middle East & Africa Thermal Spray Coatings Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Praxair Surface Technologies
  9.1.2. H.C. Starck GmbH
  9.1.3. Oerlikon Metco
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Praxair Surface Technologies
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. H.C. Starck GmbH
  9.3.3. Oerlikon Metco
  9.3.4. Bodycote plc
  9.3.5. Metallisation Ltd
  9.3.6. Fujimi Incorporated
  9.3.7. Saint-Gobain Coating Solutions
  9.3.8. Castolin Eutectic
  9.3.9. Linde plc
  9.3.10. Powder Alloy Corporation
  9.3.11. TST Coatings Inc.
  9.3.12. Surface Technology
  9.3.13. Flame Spray Technologies
  9.3.14. Curtis-Wright Corporation
  9.3.15. Plasma-Tec, Inc.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

12. LIST OF TABLES

TABLE 1. Global Thermal Spray Coatings Market, Report Scope
TABLE 2. Global Thermal Spray Coatings Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Thermal Spray Coatings Market Estimates & Forecasts by Materials

2022-2032 (USD MILLION/BILLION)

TABLE 4. Global Thermal Spray Coatings Market Estimates & Forecasts by Process 2022-2032 (USD Million/Billion)
TABLE 5. Global Thermal Spray Coatings Market Estimates & Forecasts by End-Use Industry 2022-2032 (USD Million/Billion)
TABLE 6. Global Thermal Spray Coatings Market Estimates & Forecasts by End-Use Industry 2022-2032 (USD Million/Billion)
TABLE 7. Global Thermal Spray Coatings Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 8. Global Thermal Spray Coatings Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 9. Global Thermal Spray Coatings Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 10. Global Thermal Spray Coatings Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 11. Global Thermal Spray Coatings Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 12. Global Thermal Spray Coatings Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 13. Global Thermal Spray Coatings Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 14. Global Thermal Spray Coatings Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 15. U.S. Thermal Spray Coatings Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 16. U.S. Thermal Spray Coatings Market Estimates & Forecasts by Materials 2022-2032 (USD Million/Billion)
TABLE 17. U.S. Thermal Spray Coatings Market Estimates & Forecasts by Process 2022-2032 (USD Million/Billion)
TABLE 18. Canada Thermal Spray Coatings Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 19. Canada Thermal Spray Coatings Market Estimates & Forecasts by Materials 2022-2032 (USD Million/Billion)
TABLE 20. Canada Thermal Spray Coatings Market Estimates & Forecasts by Process 2022-2032 (USD Million/Billion)
…..
This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.

12. LIST OF FIGURES

FIG 1. Global Thermal Spray Coatings Market, Research Methodology
FIG 2. Global Thermal Spray Coatings Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods.
FIG 4. Global Thermal Spray Coatings Market, Key Trends 2023
FIG 5. Global Thermal Spray Coatings Market, Growth Prospects 2022-2032
FIG 6. Global Thermal Spray Coatings Market, Porter’s 5 Force Model
FIG 7. Global Thermal Spray Coatings Market, PESTEL Analysis
FIG 8. Global Thermal Spray Coatings Market, Value Chain Analysis
FIG 9. Global Thermal Spray Coatings Market by Materials, 2022 & 2032 (USD Million/Billion)
FIG 10. Global Thermal Spray Coatings Market by Process, 2022 & 2032 (USD Million/Billion)
FIG 11. Global Thermal Spray Coatings Market by End-Use Industry, 2022 & 2032 (USD Million/Billion)
FIG 12. Global Thermal Spray Coatings Market by End-Use Industry, 2022 & 2032 (USD Million/Billion)
FIG 13. Global Thermal Spray Coatings Market by Materials, 2022 & 2032 (USD Million/Billion)
FIG 14. Global Thermal Spray Coatings Market, Regional Snapshot 2022 & 2032
FIG 15. North America Thermal Spray Coatings Market 2022 & 2032 (USD Million/Billion)
FIG 16. Europe Thermal Spray Coatings Market 2022 & 2032 (USD Million/Billion)
FIG 17. Asia Pacific Thermal Spray Coatings Market 2022 & 2032 (USD Million/Billion)
FIG 18. Latin America Thermal Spray Coatings Market 2022 & 2032 (USD Million/Billion)
FIG 19. Middle East & Africa Thermal Spray Coatings Market 2022 & 2032 (USD Million/Billion)
FIG 20. Global Thermal Spray Coatings Market, Company Market Share Analysis (2023)
…..
This list is not complete; the final report does contain more than 50 figures. The list may be updated in the final deliverable.