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