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U.S. Thermal Spray Coating For Oil & Gas Market Size, Share & Trends Analysis Report By Product (Metals, Ceramics, Carbides), By Technology (Flame Spray, HVOF), And Segment Forecasts 2020 - 2027

April 2020 | 80 pages | ID: U110BC53D8B2EN
Grand View Research, Inc.

US$ 5,950.00

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The U.S. thermal spray coating for oil and gas market size is expected to reach USD 426.3 million by 2027, expanding at a CAGR of 7.8% over the forecast period, according to a new study by Grand View Research, Inc. Increasing demand corrosion inhibitors from oil rigs in U.S. is significantly driving the market growth.

Thermal coatings are used in a variety of applications including oil and gas, aerospace, petrochemical, marine, and automotive. There are a variety of coatings available that can be used depending upon the specific requirements of the industry. For instance, electric arc wire spray is used for industrial gas turbines, whereas oil and gas industry uses High Velocity Oxygen Fuel (HVOF) and atmospheric plasma spray.

The product demand from downstream industrial segment is expected to increase steadily on account of their increasing use, primarily in numerous products such as gasoline, diesel, pesticides, pharmaceutical, propane, liquid petroleum gas, plastics, and jet fuel. The expansion of downstream segment, particularly in the industrial cities such as Houston, New York, Chicago, Los Angeles, Dallas, and St. Louis, is expected to have a positive impact on the market over the forecast period.

Based on product segment, metal is anticipated to register a significant growth over the forecast period. Metals such as zinc, bronze, aluminum, and copper are used in thermal spraying processes. These methods are utilized in various components across the oil and gas industry, which include pump impellers, casings, pipes, mud pump components, and gate valves. If a material can be heated to its melting point without it boiling away, the materials can be used for spraying. A wide range of steel materials can also be used for corrosion and wear protection in thermal spraying applications.

The flame spray technology segment is anticipated to expand at the fastest growth rate over the forecast period. This process produces surface coatings by using heat from burning oxygen with fuel gas. It is done in order to melt the coating material, which is then propelled onto a substrate. The process is often used as a cost-effective alternative for ceramic and metallic coatings. The process uses a wide variety of ceramic or metallic coatings including molybdenum, stainless steel, low carbon steel, aluminum, zinc, bronze, and nickel-based materials.

Further key findings from the report suggest:
  • Carbides is expected dominate the product segment during the forecast period owing to its erosion and abrasion resistant properties
  • Flame spray is the fastest growing application segment in the market on account of growing demand thermal coatings from oil and gas industry
  • HVOF was the leading technology segment in 2019 owing to its benefits such as reduced cost, improved performance, and improved electrical properties
  • Some of the key players in the market are Praxair Surface Technologies, Inc.; Metallization Ltd.; Flame Spray Coating Co.; Precision Coatings, Inc.; Montreal Carbide Co. Ltd.; Kennametal Inc.; and Oerlikon Metco
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
  1.3.1 Purchased Database
  1.3.2 GVR’s Internal Database
  1.3.3 Secondary Sources
  1.3.4 Third-Party Perspective
  1.3.5 Primary Research
1.4 Information Analysis
  1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 Segmental Outlook

CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
  3.1.1 global coatings market outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Value chain analysis
  3.3.1 raw material trends
    3.3.1.1 Epoxy resin
    3.3.1.2 Polypropylene
    3.3.1.3 Aluminum
    3.3.1.4 Steel
    3.3.1.5 Nickel
    3.3.1.6 Zinc
    3.3.1.7 Copper
    3.3.1.8 Iron ore
    3.3.1.9 Tungsten
  3.3.2 Manufacturing trends
3.4 Sales Channel Analysis
3.5 Technology Overview
  3.5.1 Electric arc spray (twin-wire electric arc)
  3.5.2 Flame spray
  3.5.3 Plasma spray
  3.5.4 High-velocity oxygen fuel (HVOF)
3.6 Regulatory Framework
  3.6.1 United States Published Standards
  3.6.2 List of regulations, by raw material
    3.6.2.1 epoxy resin
    3.6.2.2 polypropylene
    3.6.2.3 aluminum
    3.6.2.4 steel
    3.6.2.5 nickel
    3.6.2.6 zinc
    3.6.2.7 copper
    3.6.2.8 Iron ore
    3.6.2.9 tungsten
3.7 Market Dynamics
  3.7.1 Market Driver Analysis
    3.7.1.1 Increasing demand for Thermal spray coatings (corrosion inhibitors) from oil rigs in the U.S.
    3.7.1.2 Increasing preference for rental service equipment
    3.7.1.3 growing global energy needs
  3.7.2 Market restraint Analysis
    3.7.2.1 Volatile raw material prices
3.8 Market Opportunity Analysis
  3.8.1 Identification of potential customers
  3.8.2 identification of market avenues
3.9 U.S. Thermal spray coatings market for Oil & Gas Industry: Porter’s five forces analysis
3.10 U.S. Thermal spray coatings market for oil and gas industry: PESTEL analysis

CHAPTER 4 U.S. THERMAL SPRAY COATINGS MARKET FOR OIL & GAS INDUSTRY: PRODUCT ESTIMATES & TREND ANALYSIS

4.1 Market for Oil & Gas Industry: Product Movement Analysis, 2019 & 2027
4.2 Metals
  4.2.1 Market for oil and gas industry estimates and forecasts, metals, 2016 - 2027 (USD Million)
4.3 Ceramics
  4.3.1 Market for oil and gas industry estimates and forecasts, ceramics, 2016 - 2027 (USD Million)
4.4 Intermetallics
  4.4.1 Market for oil and gas industry estimates and forecasts, Intermetallics, 2016 - 2027 (USD Million)
4.5 Polymers
  4.5.1 Market for oil and gas industry estimates and forecasts, polymers, 2016 - 2027 (USD Million)
4.6 Carbides
  4.6.1 Market for oil and gas industry estimates and forecasts, carbides, 2016 - 2027 (USD Million)
4.7 Abradables
  4.7.1 Market for oil and gas industry estimates and forecasts, Abradables, 2016 - 2027 (USD Million)
4.8 Others
  4.8.1 Market for oil and gas industry estimates and forecasts, Others, 2016 - 2027 (USD Million)

CHAPTER 5 U.S. THERMAL SPRAY COATINGS MARKET FOR OIL & GAS INDUSTRY: TECHNOLOGY ESTIMATES & TREND ANALYSIS

5.1 Market for Oil & Gas Industry: Technology Movement Analysis, 2019 & 2027
5.2 Cold Spray
  5.2.1 Market for oil and gas industry estimates and forecasts, Cold Spray, 2016 - 2027 (USD Million)
5.3 Flame Spray
  5.3.1 Market for oil and gas industry estimates and forecasts, Flame Spray, 2016 - 2027 (USD Million)
5.4 Plasma Spray
  5.4.1 Market for oil and gas industry estimates and forecasts, Plasma spray, 2016 - 2027 (USD Million)
5.5 HVOF
  5.5.1 Market for oil and gas industry estimates and forecasts, hvof, 2016 - 2027 (USD Million)
5.6 Electric Arc Spray
  5.6.1 Market for oil and gas industry estimates and forecasts, Electric arc spray, 2016 - 2027 (USD Million)
5.7 Others
  5.7.1 Market for oil and gas industry estimates and forecasts, Others, 2016 - 2027 (USD Million)

CHAPTER 6 COMPETITIVE LANDSCAPE

6.1 Key Players & Recent Developments & Their Impact on the Industry
6.2 Key Company/Competition Categorization
6.3 Vendor Landscape
  6.3.1 List of key distributors & channel partners
6.4 Public companies
  6.4.1 Company Market Position analysis
  6.4.2 Competitive Dashboard Analysis
6.5 Private companies
  6.5.1 List of key emerging companies & geographical presence

CHAPTER 7 COMPANY PROFILES

7.1 Praxair Surface Technologies, Inc.
  7.1.1 Company Overview
  7.1.2 Financial Performance
  7.1.3 Product benchmarking
  7.1.4 Strategic Initiatives
7.2 H?gan?s AB
  7.2.1 Company Overview
  7.2.2 Product Benchmarking
  7.2.3 Strategic Initiatives
7.3 Wall Colmonoy Corporation
  7.3.1 Company Overview
  7.3.2 Product Benchmarking
7.4 Fujimi Incorporated
  7.4.1 Company Overview
  7.4.2 Financial Performance
  7.4.3 Product Benchmarking
7.5 Powder Alloy Corporation
  7.5.1 Company Overview
  7.5.2 Product Benchmarking
7.6 Compagnie de Saint-Gobain S.A.
  7.6.1 Company Overview
  7.6.2 Financial Performance
  7.6.3 Product Benchmarking
  7.6.4 Strategic Initiatives
7.7 Carpenter Technology Corporation
  7.7.1 Company Overview
  7.7.2 Financial Performance
  7.7.3 Product Benchmarking
  7.7.4 Strategic Initiatives
7.8 Montreal Carbide Co. Ltd.
  7.8.1 Company Overview
  7.8.2 Product Benchmarking
7.9 Kennametal Stellite
  7.9.1 Company Overview
  7.9.2 Financial Performance
  7.9.3 Product Benchmarking
7.10 Oerlikon Metco
  7.10.1 Company Overview
  7.10.2 Financial Performance
  7.10.3 Product Benchmarking
  7.10.4 Strategic Initiatives
7.11 Metallisation Ltd
  7.11.1 Company Overview
  7.11.2 Product Benchmarking
  7.11.3 Strategic Initiatives
7.12 Bodycote plc
  7.12.1 Company Overview
  7.12.2 Financial Performance
  7.12.3 Product Benchmarking
  7.12.4 Strategic Initiatives
7.13 MesoCoat Inc.
  7.13.1 Company Overview
  7.13.2 Product Benchmarking
7.14 John Wood Group PLC
  7.14.1 Company Overview
  7.14.2 Financial Performance
  7.14.3 Product Benchmarking
7.15 Flame Spray Coating Co.,
  7.15.1 Company Overview
  7.15.2 Product Benchmarking
7.16 Polymet Corporation
  7.16.1 Company Overview
  7.16.2 Product Benchmarking
7.17 TST Coatings, Inc.
  7.17.1 Company Overview
  7.17.2 Product Benchmarking
7.18 TWI Ltd.
  7.18.1 Company Overview
  7.18.2 Product Benchmarking
7.19 A&A Thermal Spray Coatings
  7.19.1 Company Overview
  7.19.2 Product Benchmarking
7.20 ASB Industries Inc.
  7.20.1 Company Overview
  7.20.2 Product Benchmarking
7.21 BryCoat Inc.
  7.21.1 Company Overview
  7.21.2 Product Benchmarking
7.22 Racine Flame Spray Inc.
  7.22.1 Company Overview
  7.22.2 Product Benchmarking
7.23 Plasma Technology Incorporated (PTI)
  7.23.1 Company Overview
  7.23.2 Product Benchmarking
7.24 Castolin Eutectic
  7.24.1 Company Overview
  7.24.2 Financial Performance
  7.24.3 Product Benchmarking
  7.24.4 Strategic Initiatives
7.25 Durum Verschleiss-Schutz GmbH
  7.25.1 Company Overview
  7.25.2 Product Benchmarking
7.26 TOCALO Co., Ltd.
  7.26.1 Company Overview
  7.26.2 Financial Performance
  7.26.3 Product Benchmarking
7.27 Cincinnati Thermal Spray, Inc.
  7.27.1 Company Overview
  7.27.2 Product Benchmarking
7.28 Curtiss-Wright Corporation
  7.28.1 Company Overview
  7.28.2 Financial Performance
  7.28.3 Product Benchmarking
LIST OF TABLES

Table 1 List of Abbreviations
Table 2 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, metals, 2016 - 2027 (USD Million)
Table 3 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, ceramics, 2016 - 2027 (USD Million)
Table 4 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, intermetallics, 2016 - 2027 (USD Million)
Table 5 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, polymers, 2016 - 2027 (USD Million)
Table 6 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, carbides, 2016 - 2027 (USD Million)
Table 7 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, abradables, 2016 - 2027 (USD Million)
Table 8 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, others, 2016 - 2027 (USD Million)
Table 9 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, cold spray, 2016 - 2027 (USD Million)
Table 10 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, flame spray, 2016 - 2027 (USD Million)
Table 11 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, plasma spray, 2016 - 2027 (USD Million)
Table 12 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, HVOF, 2016 - 2027 (USD Million)
Table 13 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, electric arc spray, 2016 - 2027 (USD Million)
Table 14 U.S. thermal spray coatings market for oil and gas industry estimates and forecasts, others, 2016 - 2027 (USD Million)
LIST OF FIGURES

Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 U.S Thermal Spray Coatings Market for Oil & Gas Industry Snapshot
Fig. 8 U.S. Thermal Spray Coatings Market for Oil & Gas Industry Segmentation
Fig. 9 U.S. Thermal Spray Coatings Market for Oil & Gas Industry: Penetration & Growth Prospect Mapping
Fig. 10 U.S. Thermal Spray Coatings Market: Value chain analysis
Fig. 11 Polypropylene prices (USD/Ton)
Fig. 12 Aluminum prices, 2012 - 2017 (USD/Ton)
Fig. 13 Nickel production, 2011 - 2016 (Kilotons)
Fig. 14 Nickel prices, 2011 - 2017 (USD/Ton)
Fig. 15 Zinc prices, 2011 - 2017 (USD/Ton)
Fig. 16 Copper production, 2011 - 2017 (Kilotons)
Fig. 17 Average Crude Oil and Natural Gas Rotary Rigs in Operation in the U.S. (2014 - 2019)
Fig. 18 Average Crude Oil Production in the U.S., Million barrels per day (2015 - 2019)
Fig. 19 West Texas Intermediate (WTI) Crude Oil Prices, 2010 to 2018 (USD/Barrel)
Fig. 20 U.S. Thermal spray coatings market for oil & gas industry: Porter’s five forces analysis
Fig. 21 U.S. Thermal spray coatings market for oil & gas industry: PESTEL analysis
Fig. 22 U.S. Thermal Spray Coatings market for Oil & Gas Industry: Product movement analysis, 2019 & 2027
Fig. 23 U.S. Thermal Spray Coatings market for Oil & Gas Industry: Technology movement analysis, 2019 & 2027
Fig. 24 Competitive dashboard analysis


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