Thermal Spray Coatings Market: Overview
The coating materials utilized in thermal spray coating include metals, ceramics, cermet, and polymers. Thermal spray coatings are employed in diverse industries ranging from electronics and semiconductors to food processing and the biomedical industry. Thermal spray coatings are increasingly being utilized in aerospace, automotive, oil & gas, and chemical industries. Thermal spray coating is utilized in the machinery that is used in oil & gas and mining industries. Expansion of these sectors is likely to boost oil exploration activities, which in turn is anticipated to drive the demand for thermal spray coatings market. Equipment employed in chemical and mechanical industries such as boilers and turbines are also lined with thermal spray coatings market in order to prevent corrosion. Electronics and semiconductors are emerging markets that are likely to witness increase in utilization of thermal spray coatings.
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Thermal Spray Coatings Market: Trends & Developments
Thermal spray coatings can be applied by various methods, which include flame Spray, electric-arc spray, plasma spray, spray and fuse, detonation gun and HVOF (high velocity oxy fuel). Some health, safety, and environmental concerns that are associated with thermal spray coatings market include dust, fumes, and noise. Careful usage of the thermal spray coating technique can help reduce the hazards associated with it. Thermal spray coating has low emission of toxic gases and hence, is being widely adopted over hard chrome coatings. Moreover, thermal spray coatings are biocompatible, cavitation resistant, and offer good aesthetic appearance. Thermal spray coatings can also be employed to restore damaged or worn out surfaces.
Thermal Spray Coatings Market: Regional Outlook
North America is the largest consumer of thermal spray coatings market. This demand can be attributed to the automotive and aerospace industry in the region. The thermal spray coatings market in Asia Pacific is estimated to expand at a rapid pace owing to the robust electronics and semiconductor manufacturing sector in the region. Latin America and Middle East & Africa are relatively smaller thermal spray coatings markets and the thermal spray coatings market in these regions is expected to expand at a moderate pace in the near future.
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Thermal Spray Coatings Market: Key Players
Key players operating in the thermal spray coatings market include Praxair Surface Technologies (U.S.), Plasma-Tec (U.S), A & A Coatings (U.S), ASB Industries, Inc. (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Air Products and Chemicals, Inc. (U.S.) and H.C. Starck GmbH (Germany).