According to a recent study, the industry revenue of thermal spray coating services is expected to increase from USD 9.6 billion in 2024 to USD 17.5 billion by 2035. The U.S., Germany, China, Japan, and France are the top five markets, collectively holding a significant demand share. The revenue growth rate of the market players in these countries is expected to range from 3.6% to 5.4% per annum during the period 2025 to 2035.
Industry shifts, including the shift to advanced technologies and sustainable practices in coating processes, are changing the ecosystem of the thermal spray coating services market. Thermal spray coating services have recently seen a trend toward incorporating cutting-edge technologies. Advances in robotics and automation systems have made the spray coating process much more efficient and accurate, leading to uniformity in product quality. One sector that has benefited greatly from this shift is the aerospace industry, which relies heavily on thermal spray coatings. Incorporating cutting-edge technologies in thermal spray coatings has resulted in longer-lasting components that can withstand harsh conditions, effectively improving aircraft performance and safety.
Potential applications
Automotive Industry: The automotive sector relies heavily on thermal spray coating services to enhance the durability and efficiency of components such as cylinder blocks and brake discs, and applies ceramic coatings to improve resistance to wear and corrosion. Key players providing these services in this industry include A&A Coatings and Flame Spray Technologies.
Electrical Industry: The electrical generation and distribution industry uses thermal spray coatings extensively for a variety of purposes, with a particular focus on insulating electrical conductors. Ceramic coatings are often the preferred choice for applications due to their excellent thermal insulation properties, which facilitate efficient and safe electrical conduction. The presence of industry leaders such as Oerlikon can be observed. Metco and ASB Industries have been recognized for their significant contributions to the development of this sector.
Industry Leadership and Strategy
It is characterized by fierce competition from many leading players such as Oerlikon, Metco, HFW Industries, Flame Spray Coating Company, A & A Coatings, ASB Industries Inc., Saint Gobain Coating Solutions, Air Products & Chemicals, Plasma-Tec, American Roller Company, CPS Electrodeposits, and Progressive Surface. These players are pushing the boundaries of innovation and technological advancements and forming strategic partnerships to expand the existing reach of the market. The table below gives a brief description of the market strategies adopted by the key players.
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Report scope
| segment | Sub segment |
| process | Flame Spray Coating Plasma Spray Coating High-velocity oxygen fuel coating Arc spray coating |
| ingredient | ceramics Metals and Alloys Polymer composite |
| Application Industry | Aerospace Health Care automobile Oil and Gas infrastructure etc |
| category | My wear resistance Corrosion protection Heat barrier electrical resistance |
| technology | Propellant based Electric energy based Gas energy base |
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