Global thermal spray coatings is expected to grow over the forecast period owing to widespread use of high performance ceramic coatings in industries to provide corrosion resistance to ferrous metals and improve thermal and wear resistance. Increasing industrialization coupled with widespread application scope of thermal spray coatings including automotive, aerospace and food processing is also expected to augment the market demand. Thermal spray coatings are used in areas including automotive, aerospace precision parts, medical instrument device coatings, solar and thermal barrier coatings. Aerospace precision parts coatings accounted for largest market segment owing to large scale use in aerospace industry to protect landing gears and aircraft turbine blades from extreme temperature and pressure. Rising use of thermal spray coatings in medical instruments market on account of utilizing spray coatings to improve wear resistance of surgical instruments including forceps and clamps. Advancements in spraying technology over existing spraying techniques is expected to propel thermal spray coatings market growth. In addition, availability of a variety of raw material composition is likely to augment market growth.
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North America is expected to witness substantial growth owing to increasing demand for thermal spray coatings particularly in aerospace industry. Furthermore, presence on companies such as Vector Aerospace and Boeing is expected to propel market growth. Europe is expected to witness substantial growth owing to rising demand for thermal spray coatings from industries including medical device and aerospace. Asia Pacific is also expected to witness significant growth owing to increasing industrialization and growth in infrastructure particularly in emerging economies including India and Indonesia.
Key players in the market include Metallisation, TST Engineered Coating Solutions, Praxair Surface Technologies, Surface Technology, Inc., Flame Spray Coating Co. and Air Products & Chemicals, Inc. Praxair Surface Technologies is exclusively involved in production of ceramic coatings, thermal spray coatings, composite electroplating and high performance slurry coatings. TST Engineered Coating Solutions is actively involved in manufacturing of thermal spray metal coatings, high velocity oxygen fuel (HVOC) coatings and wear resistance coatings.
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