Expanding For Pool Of Consumers Providing An Impetus To The Thermal Spray Coatings Market During The Forecast Period 2021-2031

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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Key Takeaways of Thermal Spray Market Study

• Applications in water plasma, gas plasma, electric arc, and flame position ceramics will pave way for high growth in the foreseeable future.
• Plasma spray accounts for over the total market value with a healthy CAGR through 2029. Enhanced adaptability with a wide range of materials over small and large components is driving the demand for this technology.
• Flame spray technology accounts for over ¼ of the total market revenue amid technology benefits such as lower dust and fume levels and increased portability.
• Aerospace applications maintain a stronghold in the total demand for thermal spray coatings with more than 33% share. Increasing investments in upgrading airforce and defense fleets around the world are set to act as a central factor for the growth of this segment.
• Industrial gas turbines hold the second largest market share with over ¼ of the total market value with an impressive 6% CAGR during the projection period.
• North America accounts for a majority share of more than 30% of the total market revenues. This can be attributed to the demand for high-performance coatings for enhanced product performance.
• South Asia & Oceania offer financially rewarding growth opportunities on the back of a stupendous 9.6% CAGR through 2029. Investments in developing advanced aerospace & defense capacities will trickle down to an upsurge in demand for thermal spray coatings.

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Global Thermal Spray Coatings Market: In-Depth Assessment on Key Segments

The global thermal spray coatings market is segmented on the basis of product, technology, application and region.

Key Country-wise Inclusions

• US Thermal Spray Coatings Market
  • Canada Thermal Spray Coatings Market Sales
  • Germany Thermal Spray Coatings Market Production
  • UK Thermal Spray Coatings Market Industry
  • France Thermal Spray Coatings Market
  • Spain Thermal Spray Coatings Market Supply-Demand
  • Italy Thermal Spray Coatings Market Outlook
  • Russia & CIS Market Analysis
  • China Thermal Spray Coatings Market Intelligence
  • India Thermal Spray Coatings Market Demand Assessment
  • Japan Thermal Spray Coatings Market Supply Assessment
  • ASEAN Thermal Spray Coatings Market Scenario
  • Brazil Thermal Spray Coatings Market Sales Analysis
  • Mexico Thermal Spray Coatings Market Sales Intelligence

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