Thermal Spray Equipment Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics and Segmentation

Thermal spray equipment market Overview:

Thermal Spray Equipment is used for thermal spray, which comprises a heat source and a powder or wire coating substance that is melted into microparticles and sprayed onto metal or plastic surfaces. Thermal spray coatings systems are utilized in rocket combustion chambers, compressor air seals, high-pressure nozzles, and other applications. In turbine air seals, fuel nozzles, turbine vanes, chromium cobalt, aluminum oxide, and chromium carbide coatings are used.

 

 

To get more Insights: Request Free Sample Report

 

Thermal spray equipment market Dynamics:

Market Drivers:

 

The thermal spray coating market is expected to be propelled by the need to increase machinery component durability to prevent high replacement costs in many end-use sectors, such as aerospace and energy & power. These flame spray coatings have superior features such as excellent corrosion, wear, and heat resistance, which extends the life of the machinery.

 

REACH, EPA, and OSHA laws are limiting the use of harsh chrome plating due to rising health concerns that are driving coating producers to embrace sustainable alternatives. Thermal spray coatings have also replaced hard chrome plating due to non-uniformity in the surface and the inclusion of hexavalent chromium, which is carcinogenic.

 

A high-precision surface coating technology is the thermal spray coating procedure. As a result, this procedure professionals must be skilled in selecting the best suspension particles to generate better-nanostructured coatings for advanced applications. As a result, technicians must be able to work with light alloys in a regulated temperature environment in heavy engineering projects.

 

Thermal spray coatings are also applied in various ways and using a variety of materials. To give superior quality, producers must thoroughly understand the methods, materials, equipment, and systems utilized in thermal spray coatings. Furthermore, operating the equipment utilized in the thermal spray painting process need extra knowledge. As a result, thermal spray coatings necessitate highly trained personnel.

 

Thermal spray equipment market Segmentation:

On the basis of Material, the Thermal spray equipment market is segmented into Ceramics Metals & Alloys. Ceramic material is expected to have the highest CAGR and be the most significant contributor to the market for thermal spray coatings. Ceramic material is in high demand due to its low cost and ease of supply. The aerospace, healthcare, automotive, and other end-use industries are also driving growth.

 

After ceramics, metals and alloys are the most popular materials. During the projected period, metal and alloys are expected be the second most consumed material in the thermal spray coatings market. The cost of materials is cheap in North America and Europe due to easy access to raw resources. Still, it is over 35 % higher in the Asia Pacific and the Middle East, and Africa.

 

On the basis of End-use, the Thermal spray equipment market is segmented into Aerospace, Automotive, Healthcare, Agricultural Machinery, Energy & Power, and Electronics. The primary customer of thermal spray coatings is the aerospace sector. This growth is primarily due to the aerospace industry's rise and a demand backlog of about ten years. Because of large manufacturers such as Boeing, North America is expected to lead the aerospace sector.

 

There is a growing demand for biocompatible and corrosion-resistant implants in the healthcare business. The first joint treated with an artificial bone material was thermally sprayed hydroxylapatite. It's also utilized in the healthcare business to protect medical equipment from RFI/EMI. Thermal spray coatings are also used extensively in the automotive sector. Furthermore, major aircraft manufacturers such as Boeing and Airbus are expected to enhance their manufacturing capacity to meet commercial and defense aircraft demand.

 

 

 

Thermal spray equipment market Regional Analysis:

North America dominates the Thermal spray equipment market. Increased urbanization and industrialization, rising consumer disposable income, and rising demand from different end-use sectors, such as aerospace, contribute to the growth of the Thermal spray equipment market. The Thermal spray equipment market is also expected to grow due to the cheap availability of raw materials. The United States is expected to be the region's most significant contributor to the Thermal spray equipment market.

 

During the projection period, the Asia Pacific area is expected to have the highest CAGR. China's Thermal spray equipment market is growing substantially, matching the country's aerospace and automobile manufacturing sectors. Thermal spray coatings are used to safeguard steel factories in China, one of the world's top steel manufacturers. HVOF coatings of processing rolls, spray fusing, plasma spraying, and plasma-transferred arc overlaying welding are often employed in the steel industry. China has the world's second-largest domestic aviation market. It also boasts the fastest-growing domestic aviation business, with passenger volume expanding at a rate of 6.6 % each year.

 

The Thermal spray equipment market is expected to grow due to increased R&D spending in the pharmaceutical sector in Europe. Russia is witnessing high demand for crude oil and gas, which is likely to fuel market growth and increased deployment of better oil recovery by manufacturers.

 

The Thermal spray equipment market is expected to be driven by increased output from the oil and gas sectors in the Middle East. Low dangerous gas emissions, thickness, corrosion resistance, and electrical assistance are advantages of employing thermal sprays.

 

The report aims to provide stakeholders in the Thermal spray equipment market with a detailed market outline. The research discusses the most critical Thermal spray equipment sector trends and how these trends are expected to impact future business investments and marketing strategies throughout the forecast period. By studying market leaders, market followers, and regional players, the report also aids in the understanding of the Thermal spray equipment market dynamics, economic fundamentals, and competitive structure.

 

The qualitative and quantitative data in the Thermal spray equipment market research will help determine which market segments, regions, and influencing factors are expected to grow at faster rates and significant opportunity areas that will drive the market and market growth during the forecast period.

 

The competitive landscape of essential players in the market and their recent advances in the Thermal spray equipment market is also included in the report. The study examines company size, market share, market growth, revenue, production volume, and profitability of the Thermal spray equipment market's major players.

 

 

This report aims to provide a comprehensive analysis of the Thermal spray equipment market and highlight the significant trends and growth opportunities. The report offers Porter's Five Force Model for analysis of the Thermal spray equipment market, which helps design the business strategies in the market.

 

The study aids in determining the number of rivals, who they are, and the performance of the products in the industry. The analysis also examines whether the Thermal spray equipment market is open to new entrants, whether they enter and exit the market regularly, and whether a few players dominate it.

 

The report also includes PESTEL Analysis, which aids in developing company strategies. Numerous elements affect growth and profitability. A PESTEL study can assist in determining the significance and strength of these elements. It helps firms decide which characteristics are beneficial and which are not. PESTEL is a word that stands for Political, Economic, Socio-cultural, Technological, Environmental, and Legal. These variables take on added significance for organizations functioning in a global setting.

 

Thermal spray equipment market Scope:

 

Thermal Spray Equipment Market Scope
Market Size in 2023	USD 114.2 Bn
Market Size in 2030	USD 160.69 Bn.
CAGR (2024-2030)	5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Material Ceramics Ceramics Metals & Alloys
	By End-use Aerospace Automotive Healthcare Agricultural Machinery Energy & Power
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Thermal spray equipment market: Key players and their Insights:

The Thermal spray equipment market has become competitive, with various players in the industry have adopted product launches and business growth as their development strategies to expand their market share, increase profitability, and remain stable in the market. To grow their product range and acquire a competitive edge in the industry, key players in the market are employing various business tactics such as business growth.

 

To strengthen their market position, significant organizations in the industry are pursuing various business strategies such as mergers and acquisitions. Some of the most prominent and loved players in the Thermal spray equipment market from all over the world are:

 

• Praxair Surface Technologies, Inc (U.S.)
• BodyCote (U.K.)
• Oerlikon Metco (Switzerland)
• Surface Technology (U.K.)
• H.C Starck Gmbh (Germany)
• F.W. Gartner Thermal Spraying (U.S.)
• Hoganas AB (Sweden)
• Arc Spray (Pty) Ltd (South Africa)
• Metallisation Limited (U.K.)
• Plasma-Tec, Inc. (U.S.)
• C&M Technologies GmbH (Germany)
• AMETEK Inc. (U.S.)
• Carpenter Technology Corporation (U.S.)
• A & A Therman Spray Coatings (U.S.)
• Flame Spray SpA (Italy)
• BryCoat Inc. (U.S.)
• Thermal Spray Technologies, Inc. (U.S.)