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Opportunities in the Global Thermal Spray Market to 2025 - Increasing Usage of Thermal Spray Coatings in Medical Devices

Research and Markets
·4-min read

Dublin, Dec. 31, 2020 (GLOBE NEWSWIRE) -- The "Thermal Spray Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The thermal spray market is expected to register a CAGR of more than 6% during the forecast period. One of the major drivers of the thermal spray market identified in the report is the rising demand from the aerospace and medical devices industries, increasing usage of thermal spray ceramic coatings, and replacement of hard chrome coatings by thermal spray coatings. However, with the development and emergence of hard trivalent chrome coatings in recent years, the overall demand for the thermal spray is expected to be hindered.

Key Market Trends

  • The aerospace end-use industry dominated the market, and it is expected to grow at a significant rate during the forecast period, owing to the increasing investment in the global aerospace industry.

  • Recently, several new methods have been developed to recycle thermal spray processing materials. This is likely to act as an opportunity for the market, in the future.

  • North America dominated the thermal spray market across the world, owing to the high demand from the various end-user industries.

  • Thermal sprays are largely employed for several purposes in jet engine components, such as crankshafts, piston rings, cylinders, valves, and so on. In addition to these, they are also applied in the coating of landing gear (bearings and axles inside the landing gear) to withstand the forces during landing and take-off.

  • A variety of degradation problems exist in aircraft engines, due to metal to metal wear, hot corrosion, fretting, particle erosion, and many more. This degradation is accelerated when high-temperature is involved. Thermal spray coatings impart the required surface conditions that are required to increase the service life of the engine components.

  • Thermal spray coatings, such as zirconium oxide, aluminum bronze, and cobalt-molybdenum are used for coating purposes in rocket combustion chambers, compressor air seals, and high-pressure nozzles, respectively.

  • In addition, coatings of chromium cobalt, aluminum oxide, and chromium carbide are employed in turbine air seals, fuel nozzles, and turbine vanes, respectively. High-velocity oxy-fuel (HVOF) spray and plasma spray processes are the majorly used processes in this sector.

  • Such, the aforementioned factors are expected to support the consumption of thermal spray used in the aerospace industry during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Use of Thermal Spray Coatings in the Aerospace Industry
4.1.2 Increasing Usage of Thermal Spray Coatings in Medical Devices
4.1.3 Rising Popularity of Thermal Spray Ceramic Coatings
4.1.4 Replacement of Hard Chrome Coating
4.2 Restraints
4.2.1 Emergence of Hard Trivalent Chrome Coatings
4.2.2 Issues Regarding Process Reliability and Consistency
4.2.3 Decreasing Automotive Production
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION
5.1 Product Type
5.2 Thermal Spray Coatings & Finishes
5.3 End-User Industry
5.4 Geography

6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Applications in the Oil and Gas Industry
7.2 Advancements in Spraying Technology (Cold Spray Process)
7.3 Recycling of Thermal Spray Processing Materials

Companies Mentioned

  • 5iTECH (AlSher APM LLC)

  • Ametek Inc.

  • Ardleigh Minerals Incorporated

  • Bay State Surface Technologies Inc. (Aimtek)

  • C&M Technologies GmbH

  • Castolin Eutectic

  • Carpenter Powder Products (CRS Holdings Inc.)

  • Fujimi Incorporated

  • Thermion

  • Global Tungsten & Powders Corp.

  • HC Starck GmbH

  • HAI Inc.

  • Hoganas AB

  • Hunter Chemical LLC

  • Kennametal Inc.

  • LSN Diffusion Limited

  • Metallisation Limited

  • Metallizing Equipment Co. Pvt. Ltd

  • OC Oerlikon Management AG

  • Plasma Powders & Systems Inc.

  • Polymet Corporation

  • Powder Alloy Corporation

  • The Fisher Barton Group (Lineage Alloys)

  • Linde

  • Saint-Gobain SA

  • Sandvik AB

  • Centerline Holdings Inc. (Supersonic Spray Technologies)

  • APS Materials Inc.

  • ASB Industries Inc.

  • Bodycote PLC

  • Chromalloy Gas Turbine LLC

  • FW Gartner Thermal Spraying (Curtis-Wright)

  • TOCALO Co. Ltd

  • Eurocoating SpA

  • The Fisher Barton Group (Thermal Spray Technologies)

  • Thermion

  • FM Industries Inc.

  • Air Products & Chemicals Inc.

  • Artec SpA

  • Arzell Inc.

  • ASB Industries Inc.

  • Bay State Surface Technologies Inc. (Aimtek)

  • Camfil Air Pollution Control

  • Castolin Eutectic

  • Donaldson Company Inc.

  • Flame Spray Technologies BV

  • Thermion

  • GTV Verschleibschutz GmbH

  • HAI Inc.

  • Imperial Systems Inc.

  • Kennametal Inc.

  • Linde

  • CenterLine Holdings Inc. (Supersonic Spray Technologies)

  • Metallisation Ltd

  • Metallizing Equipment Co. Pvt. Ltd

  • OC Oerlikon Management AG

  • Plasma Powders & Systems Inc.

  • Powder Feed Dynamics Inc.

  • Progressive Surface

  • Saint-Gobain SA

For more information about this report visit https://www.researchandmarkets.com/r/tsyj0j

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