- Abradables
- Carbides
- Ceramics
- Intermetallics
- Metal
- Polymers
- Others
Thermal Spray Coatings Market Size was valued at USD 7.8 billion in 2022 and is poised to grow at a CAGR of 7.1% from 2023-2029. Thermal spray coatings are used on a multitude of tools and components within the Oil and Gas industry. As the demand for oil increases and the historical oil fields are being exhausted, oil companies are having to explore within more violent environments in order to extract from both existing and new reserves. Equipment operating in these harsh conditions are subject to severe degradation. These wear mechanisms include abrasion and/or erosion from drilling muds; corrosion (pitting and crevice attack); and, stress corrosion cracking due to hot acidic conditions. As a result, downhole drilling tools and associated equipment are today required to delve deeper, run hotter, work faster, and last longer than ever before. To counteract this, thermal spray coatings are becoming more widely used by the major manufacturers in their efforts to reduce down time and improve the performance of their tools and equipment. This report studies global thermal spray coatings market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Global Thermal Spray Coatings Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.1%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Thermal Spray Coatings Market Dynamics
Some of the key factors influencing the market growth include boom in the aerospace industry, growing demand from the healthcare industry, technological innovations for the development of cost-effective products, increasing product demand from the industrial gas turbines application industry and growing application in the oil & gas industry. However, stringent regulations, lack of technical skills and line-of-sight coatings process in thermal spray coatings are hampering the market growth. Development of substitutes including liquid coatings that holds higher ability to cover inside corners and hard to reach surfaces may hamper business growth. Further, growing concerns to minimize overspray and material wastage may also restrain industry demand.
Asia-Pacific Got Significant Share
Thermal Spray Coatings Market Regional Analysis
Asia Pacific accounted for larger revenue share in global market with considerable CAGR. The growth in this region can be attributed to the increasing urbanization & modernization, rowing demand from numerous end-use industries, growing population and increasing personal disposable income. Moreover, as the region is a manufacturing hub regional manufacturers must meet international rules to export goods, which will drive the demand for high-quality and environment-friendly coated products. Hence, increasing the market demand as there is an increasing consumer demand for low weight components and personalized designs is another key factor fueling the market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startups details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Thermal Spray Coatings Market Segmentation
By Product Type
By Process
- Arc Spray
- Flame Spray
- High-velocityoxy-fuel (HVOF)
- Plasma
- Powder Spray
- Others
By Application
- Aerospace
- Automotive
- Industrial Gas Turbine
- Medical
- Oil & gas
- Printing
- Pulp & Paper
- Steel
- Others
Frequently Asked Questions
The key segments covered in the thermal spray coatings market are: by product, process, heat source, application and geography
The thermal spray coatings market keyplayers are: AMETEK Inc., BodyCote, BryCoat Inc., Plasma-TecInc., Metallisation Limited
The thermal spray coatings market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Table of Content
- Executive Summary
- Global Thermal Spray Coatings Market Introduction
- Global Thermal Spray Coatings Market Taxonomy
- Global Thermal Spray Coatings Market Definitions
- Product
- Process
- Heat Source
- Application
- Global Thermal Spray Coatings Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Thermal Spray Coatings Market Dynamic Factors - Impact Analysis
- Global Thermal Spray Coatings Market Competition Landscape
- Global Thermal Spray Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global Thermal Spray Coatings Market, By Product, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Abradables
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Carbides
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Ceramics
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Intermetallics
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Metal
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Polymers
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Others
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Abradables
- Global Thermal Spray Coatings Market Forecast, By Process, 2018 - 2022 and Forecast, 2023 - 2029
- Arc Spray
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Flame Spray
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- High-velocityoxy-fuel (HVOF)
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Plasma
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Powder Spray
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Others
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Arc Spray
- Global Thermal Spray Coatings Market Forecast, By Heat Source, 2018 - 2022 and Forecast, 2023 - 2029
- Electrical Energy
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Combustion Flame
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Electrical Energy
- Global Thermal Spray Coatings Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029
- Aerospace
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Automotive
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Industrial Gas Turbine
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Medical
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Oil & gas
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Printing
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Pulp & Paper
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Steel
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Others
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Aerospace
- Global Thermal Spray Coatings Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- North America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Thermal Spray Coatings Market - Opportunity Analysis Index, By Product, Process, Heat Source, Application and Region, 2023 - 2029
- North America
- North America Thermal Spray Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Abradables
- Carbides
- Ceramics
- Intermetallics
- Metal
- Polymers
- Others
- Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Arc Spray
- Flame Spray
- High-velocityoxy-fuel (HVOF)
- Plasma
- Powder Spray
- Others
- Heat Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Electrical Energy
- Combustion Flame
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Aerospace
- Automotive
- Industrial Gas Turbine
- Medical
- Oil & gas
- Printing
- Pulp & Paper
- Steel
- Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- US
- Canada
- North America Thermal Spray Coatings Market - Opportunity Analysis Index, By Product, Process, Heat Source, Application and Country, 2023 - 2029
- North America Thermal Spray Coatings Market Dynamics Trends
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Europe Thermal Spray Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Abradables
- Carbides
- Ceramics
- Intermetallics
- Metal
- Polymers
- Others
- Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Arc Spray
- Flame Spray
- High-velocityoxy-fuel (HVOF)
- Plasma
- Powder Spray
- Others
- Heat Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Electrical Energy
- Combustion Flame
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Aerospace
- Automotive
- Industrial Gas Turbine
- Medical
- Oil & gas
- Printing
- Pulp & Paper
- Steel
- Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Rest of Europe
- Europe Thermal Spray Coatings Market - Opportunity Analysis Index, By Product, Process, Heat Source, Application and Country, 2023 - 2029
- Europe Thermal Spray Coatings Market Dynamics Trends
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Asia-Pacific Thermal Spray Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Abradables
- Carbides
- Ceramics
- Intermetallics
- Metal
- Polymers
- Others
- Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Arc Spray
- Flame Spray
- High-velocityoxy-fuel (HVOF)
- Plasma
- Powder Spray
- Others
- Heat Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Electrical Energy
- Combustion Flame
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Aerospace
- Automotive
- Industrial Gas Turbine
- Medical
- Oil & gas
- Printing
- Pulp & Paper
- Steel
- Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Asia-Pacific Thermal Spray Coatings Market - Opportunity Analysis Index, By Product, Process, Heat Source, Application and Country, 2023 - 2029
- Asia-Pacific Thermal Spray Coatings Market Dynamics Trends
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Latin America Thermal Spray Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Abradables
- Carbides
- Ceramics
- Intermetallics
- Metal
- Polymers
- Others
- Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Arc Spray
- Flame Spray
- High-velocityoxy-fuel (HVOF)
- Plasma
- Powder Spray
- Others
- Heat Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Electrical Energy
- Combustion Flame
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Aerospace
- Automotive
- Industrial Gas Turbine
- Medical
- Oil & gas
- Printing
- Pulp & Paper
- Steel
- Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
- Latin America Thermal Spray Coatings Market - Opportunity Analysis Index, By Product, Process, Heat Source, Application and Country, 2023 - 2029
- Latin America Thermal Spray Coatings Market Dynamics Trends
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Middle East and Africa Thermal Spray Coatings Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Abradables
- Carbides
- Ceramics
- Intermetallics
- Metal
- Polymers
- Others
- Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Arc Spray
- Flame Spray
- High-velocityoxy-fuel (HVOF)
- Plasma
- Powder Spray
- Others
- Heat Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Electrical Energy
- Combustion Flame
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Aerospace
- Automotive
- Industrial Gas Turbine
- Medical
- Oil & gas
- Printing
- Pulp & Paper
- Steel
- Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- MEA Thermal Spray Coatings Market - Opportunity Analysis Index, By Product, Process, Heat Source, Application, and Country, 2023 - 2029
- MEA Thermal Spray Coatings Market Dynamics Trends
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- AMETEK Inc. (US)
- Arc Spray (Pty) Ltd (South Africa)
- BodyCote (UK)
- BryCoat Inc. (US)
- C&M Technologies GmbH (Germany)
- W. Gartner Thermal Spraying (US)
- Flame Spray SpA (Italy)
- C. Starck GmbH (Germany)
- Metallisation Limited (UK)
- Oerlikon Metco (Switzerland)
- Plasma-TecInc. (US)
- Praxair Surface TechnologiesInc (US)
- Surface Technology (UK)
- Thermal Spray TechnologiesInc. (tst) (US)
- Research Methodology
- Key Assumptions and Acronyms
- AMETEK Inc. (US)
- Arc Spray (Pty) Ltd (South Africa)
- BodyCote (UK)
- BryCoat Inc. (US)
- C&M Technologies GmbH (Germany)
- W. Gartner Thermal Spraying (US)
- Flame Spray SpA (Italy)
- C. Starck GmbH (Germany)
- Metallisation Limited (UK)
- Oerlikon Metco (Switzerland)
- Plasma-TecInc. (US)
- Praxair Surface TechnologiesInc (US)
- Surface Technology (UK)
- Thermal Spray TechnologiesInc. (tst) (US)