Thermal Spray Market 2018: Analysis, Size, Share, Growth and Trends by Forecast to 2023

12/mar/2018 12:25:46 Market Research Future Contatta l'autore

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Thermal sprays are used in a wide range of application sectors. It is extensively used in the aerospace, automobile and pharmaceutical industries. Durability, Corrosive Strength, and Enhancement of the Oil and Gas and Aerospace Industry Market.

The Global Thermal Spray Market is being driven by a range of application in the various end-use industries such as transportation, printing, pharmaceuticals, and oil & gas among others. Moreover, it is estimated that the aerospace industry is set to witness the highest growth due to the growing consumption in applications such as turbine blades, liners and others.

Market Segmentation
The Global Thermal Spray Market is segmented into product, application, and technology. On the basis of the product type, the market is segregated into metals, ceramics, intermetallic, polymers, carbides, abradable and others. The market by technology is further categorized into cold spray, flame spray, plasma spray, HVOF, electric arc spray, and others. On the basis of application, the market is segregated into aerospace, industrial gas turbine, automotive, medical, printing, oil & gas, steel, pulp & paper and others.

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Market Scenario
The ceramic followed by metal product segment are anticipated to observe the highest CAGR during the forecast period. Ceramics are anticipated to show a CAGR of over 6 % on account of the growing need for high performance ceramic coatings in wide range of application sectors such as environment protection, energy, optic communications, aerospace & defense and others. Metals is forecasted to account for a market share of over 20% during the accessed years.

Competitive Analysis
Some of the prominent players operating in the Global Thermal Spray Market are A & A Thermal Spray Coatings (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair Surface Technologies, Inc. (U.S.), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), Surface Technology inc (U.K.), H.C. Starck GmbH (Germany), and ASB Industries, Inc. (U.S.), among others.

Regional Analysis
The Global Thermal Spray Market is spanned across five key regions: North America, Latin America, Asia Pacific Europe, Latin America, and the Middle East & Africa. CAGR during the forecast years, among these, Asia is the fastest growing market in 2016. The growing industrialization has resulted in the development of the industrial sector in turn, and is fueling the demand for the Thermal Spray In the region. Moreover, the growing oil and gas industry, mainly in India and China, is also expected to contribute to the market growth.

Aerospace and automobile industry The European region is witness to a significant growth in the countries. The increasing use of thermal in engines, transmissions, suspensions, steering wheels, and landing gear among others is augmented the demand. The North American Thermal Spray Market is mainly driven by the United States and the United States. The presence of the end-user industries such as automotive and aerospace coupled with the increasing rate is contributing significantly to the growth of the market. Moreover, the growing investment in the oil and gas sector is also expected to add to the growth of the market.

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