Market analysis, market definition, currency and pricing, key developments and market categorization along with detailed research methodology are the key factors of this Thermal Spray Coatings market report. The CAGR values covered here estimates the fluctuation about the rise or fall of demand for the specific forecasted period with respect to investment. The Thermal Spray Coatings market research report gives clear idea about strategic analysis of mergers, expansions, acquisitions, partnerships, and investment. Skilful capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to form this world-class Thermal Spray Coatings market research report.
Global Thermal Spray Coatings Market is expected to rise to an estimated value of USD 16.25 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to the rising demand from developing countries due to infrastructure development.
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Complete report on Global Thermal Spray Coatings Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Global Thermal Spray Coatings Market Defination:
Thermal spray coating process involves the formation of substrates in molten and semi-molten form. This coating offers thick coating surface to the end applications. It also offers resistance to heat, corrosion, erosion and wears. There is a growing demand for thermal spray coating in aerospace, automotive, healthcare, energy & power and electronics activity, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers
- Increasing demand for industrial gas turbines
- Increasing preference for thermal spray coatings over hard chrome coatings
- Automotive sector growth in Asia Pacific
- Volatility in raw material price
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Some of the major players operating in this market are
- Praxair Surface Technologies, Inc.
- Oerlikon Metco
- Surface Technology
- C. Starck GmbH
- Flame Spray Coating Company
- Thermal Spray Technologies, Inc. (Tst)
- A & A Coatings
- General Magnaplate Corporation
- Plasma-Tec, Inc.
- Asb Industries, Inc.
- Polymet Corporation
- Progressive Surface
- Brycoat Inc.
- Metallisation Limited
- Exline, Inc.
- Associated Wear Coatings
- ARC Spray (PTY) Ltd
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Global Thermal Spray Coatings Market is segmented into
Market Segmentations in Details:
On the basis of Process into combustion flame and electrical energy.
On the basis of Material, the market is segmented into ceramic, metals, alloys and others.
On the basis of End-user, the market is segmented into aerospace, automotive, healthcare, energy & power, electronics and others. The aerospace is further sub segmented into flame tubes, turbine blades and landing gears.
On the basis of Geography the Thermal Spray Coatings Market is segmented into:
- North America
- South America
- Middle East & Africa
Company Share Analysis: Global Thermal Spray Coatings Market
Global Thermal Spray Coatings Market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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