Thermal Spray Coatings Market to Reap Excessive Revenues by 2029

Posted on 2021-06-01 by Future Market Insights, Inc in Industrial // 0 Comments

The surge in manufacturing of paints, automotive, aerospace, medical, and packaging is set to boost the demand for thermal spray coatings. Features such as anti-corrosion coupled with enhanced coating consistency are working in favor of thermal spray coatings. The global thermal spray coatings market will grow at an impressive 6.5% CAGR during the forecast period (2019-2029). Increasing penetration of coating applications in niche end-use industries such as gas-turbines, locomotives, and modern helicopters will continue to bolster demand for thermal spray coatings. Rampant space exploration by companies such as SpaceX is encouraging the application of thermal spray carbide coating in advanced landing gears.

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South Asia & Oceania to Remain Key Revenue Pockets

North America and Europe collectively account for a lion’s share of more than 61% of the total market value. The US, Canada, and the UK are catapulting the demand for advanced coating of equipment used in aerospace, industrial gas turbines, and oil & gas applications. South Asia & Oceania offers high-growth opportunities on the back of stupendous 9.5% CAGR during the forecast period. Countries in the region such as Indonesia are investing in development of modern aircrafts and aerospace inventories which employ thermal spray coating. Increasing penetration of thermal spray coatings in medical, steel, pulp, and paper also stimulates the demand for the product in developing countries.

After reading the Thermal Spray Coatings Market report, readers get insight into:

Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of the Thermal Spray Coatings Market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period 2021 to 2031
Technologies and business models with disruptive potential

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Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The global Thermal Spray Coatings Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

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Some important questions that the Thermal Spray Coatings Market report tries to answer exhaustively are:

Key strategic moves by various players in the Thermal Spray Coatings Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
Which strategies will enable top players in the Thermal Spray Coatings Market to expand their geographic footprints
Which new business models are expected to change the course of growth of key regional markets in near future
Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
Which products segments have in recent years have seen new, lucrative application areas

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