Thermal Spray Coatings Market: Opportunities And Challenges

PUNE, India, 2019-Oct-18 — /EPR Network/ — The thermal spray coatings market size was USD 9,911.9 million in 2018 and is projected to register a CAGR of 6.7% between 2018 and 2023.
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How is the adoption of new measures to conserve energy & harness renewable energy sources creating an opportunity for market growth?

The growing demand for energy and power has increased the consumption of fossil fuels, which leads to carbon dioxide emission into the atmosphere resulting in extreme climatic changes. Governments across the globe are setting up renewable energy plants in order to produce, adopt, and harness energy from renewable sources. These power plants employ various components, such as wind turbines, shafts, and fans. To protect these components from wear and corrosion, thermal spray coatings can be applied to them, which will, in turn, contribute to the growth of the thermal spray coatings market.

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