The worldwide thermal spray coatings industry has been experiencing explosive growth over the past years due to its corrosion resistance, anti-slip, oxidation, tear, and dimensional reclamation properties. The increasing environmental concerns and rising stringent regulations enforced on the chrome plating process drive the market growth. Thermal coating is considered more durable than chrome plating. The demand for the product is increasing worldwide due to the growing use of spraying processes in automotive, aerospace, and other industries.
Thermal spraying techniques are common coating processes. Materials are melted or heated and sprayed onto a surface in this process. The product can provide a thick coating (approx. 20 microns to several mm, depending on the feedstock and process). Alloys, metals, ceramics, plastics, and composite are coating materials available for thermal spraying. Generally, the growing expansion of applications, such as trains, ships, helicopters, and motorcycles,is expected to drive the market growth.
Fortune Business Insights™ predicts that the market for thermal spray coatings could be worth of USD 17.63 billion by 2027. It is estimated that the global market will exhibit a CAGR of 7.8% during 2020 to 2027.
Why Thermal Spray Coating is Gaining Massive Demand in the Medical Sector?
Thermal spraying processes are widely applied on medical devices for surface roughening, biological binding, and resemblance in chemical composition to bone minerals. Further, the product is corrosion-resistant and biocompatible, which is significantly used in the biomedical industry. In addition, bioceramic coating is highly suitable in implant manufacturing, which boosts product adoption in the healthcare sector.
Although, various thermal spray materials and technologies have been used for coatings on medical devices. Moreover, this product is commonly observed in orthopedic process devices, which include plasma-sprayed titanium (Ti), hydroxyapatite (H.A.) as well as dual Ti/H.A. coatings.The use of thermal spray coatings in biomedical and medical device industries can help to enhance abrasion resistance and better implant dentures.
Benefits of Thermal Spray Coatings
- It extends the lifespan of the substrate
- Various coating materials are available
- Cost-effective
- Wide range of substrate materials
- Various thickness range
- Low heat input
- Processing speed
Automotive and Aerospace Sectors Demand for Corrosion-resistant Coatings
The aerospace and automotive industries significantly demand for thermal spray coatings for corrosion resistance emissions reduction and more extraordinary thickness characteristics. Further, the aircraft sectors requirehigh-strength and wear-resistant coatings, which should have temperatures above 800 degrees Celsius. These characteristics generate strong demand for its application in the aerospace industry.
The growing industrialization and rising government support for the automotive manufacturing industry surge the thermal spray coatingsdemand. Strict guidelines released by the Environmental Protection Agency (EPA) and AFSP accelerate the implementation of thermal spraying in the automotive industry. Further, the higher demand for automobiles in different regions and growing advanced domestic car &part production are propelling the market growth. In addition, the market for fuel-efficient vehicles and innovative, environmentally sustainable developments are commonly driven by changing customer preferences, stringent climate policies, and technological advancements. These factors are propellingthe market growth.
North America Contributestothe Development of Market Growth
The use of thermal spray coatings is trending due to the expanding range of applications, such as wear-resistance coatings, aviation, automotive, biomedicine, food processing, electronics, semiconductors, and energy fields, which is expected to accelerate the product demand. Further, the growing R&D investment in the pharmaceutical industry and rising deployment of improved oil by manufacturers are expected to accelerate the market growth. In addition, a large number of industrialization activities led to the influx of many automakers, boosting the industry demand in the region.
StrategiesAdopted by Key Players
Bodycote (U.K.), Oerlikon Metco (Switzerland), Surface Technology U.K. (U.K.), H.C. Starck GmbH (Germany), F.W. Gartner Thermal Spraying (U.S.), Höganäs AB (Sweden), Metallisation Limited (U.K.), Flame Spray SpA (Italy), and BryCoat Inc. (U.S.) are the key players that focus on R&D initiatives to improve the product requirements and customer penetration. Manufacturers are focusing on the value chain and raw material supply process. Further, leading companies are launching new products to enhance their portfolio. Some companies are adopting acquisitions to remain competitive todays wordle game. For example, Oerlikon Metco announced the signing of an agreement to acquire AMT AG. This acquisition will grow consumer access to services and applications ticketon.
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