Thermal Spray Equipment Market Overview
Stellar Market Research, an Thermal Spray Equipment business research firm has published a report on the “Thermal Spray Equipment Market”. As per the “Thermal Spray Equipment report,” The Thermal Spray Equipment is expected to grow at a CAGR of 5 % during the forecast period. The Thermal spray equipment market is expected to reach US$ 160.69 Bn. in 2030 from US$ 114.2 Bn. in 2023.
Thermal spray equipment is utilized in the thermal spray process, which involves a heat source and a coating material, such as powder or wire, that is melted into fine particles and applied to surfaces made of metal or plastic. This coating system finds applications in areas such as rocket combustion chambers, high-pressure nozzles, compressor air seals, and more. In turbine components like air seals, fuel nozzles, and vanes, coatings such as chromium cobalt, aluminum oxide, and chromium carbide are commonly used.
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Market Forecast and Key Dynamics:
The growing demand for improved durability in machinery components to reduce high replacement costs across sectors like aerospace, energy, and power is expected to drive the thermal spray coating market. These coatings provide enhanced properties, including excellent resistance to corrosion, wear, and heat, which contribute to extending the lifespan of equipment.
Regulatory bodies such as REACH, the EPA, and OSHA are imposing restrictions on hard chrome plating due to health concerns, encouraging coating manufacturers to seek more sustainable alternatives. Thermal spray coatings are increasingly replacing hard chrome plating, as chrome plating poses issues such as non-uniform surfaces and the use of hexavalent chromium, a known carcinogen.
Thermal spray coating is a highly precise surface-coating technique, requiring skilled professionals to select the appropriate suspension particles to produce superior nanostructured coatings for advanced applications. Technicians working on large-scale engineering projects must be proficient in working with lightweight alloys and maintaining controlled temperature environments.
Thermal Spray Equipment Market Regional Insights
North America leads the thermal spray equipment market, driven by factors such as increasing urbanization and industrialization, rising disposable incomes, and high demand from industries like aerospace. The availability of low-cost raw materials also supports market growth in the region. The United States is anticipated to be the largest contributor to the thermal spray equipment market within North America.
Thermal Spray Equipment Market Segmentation
By Material Ceramics
Ceramics
Metals & Alloys
By End-use
Aerospace
Automotive
Healthcare
Agricultural Machinery
Energy & Power
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Thermal Spray Equipment Market Key Players
Praxair Surface Technologies, Inc (U.S.)
BodyCote (U.K.)
Oerlikon Metco (Switzerland)
Surface Technology (U.K.)
H.C Starck Gmbh (Germany)
F.W. Gartner Thermal Spraying (U.S.)
Hoganas AB (Sweden)
Arc Spray (Pty) Ltd (South Africa)
Metallisation Limited (U.K.)
Plasma-Tec, Inc. (U.S.)
C&M Technologies GmbH (Germany)
AMETEK Inc. (U.S.)
Carpenter Technology Corporation (U.S.)
A & A Therman Spray Coatings (U.S.)
Flame Spray SpA (Italy)
BryCoat Inc. (U.S.)
Thermal Spray Technologies, Inc. (U.S.)
Key questions answered in the Thermal Spray Equipment Market are:
- What is Thermal Spray Equipment?
- What was the Thermal Spray Equipment market size in 2021?
- What is the growth rate of the Thermal Spray Equipment Market?
- Which are the factors expected to drive the Thermal Spray Equipment market growth?
- What are the different segments of the Thermal Spray Equipment Market?
- What growth strategies are the players considering to increase their presence in Thermal Spray Equipment?
- What are the upcoming industry applications and trends for the Thermal Spray Equipment Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Thermal Spray Equipment Market?
- What segments are covered in the Thermal Spray Equipment Market?
- Who are the leading companies and what are their portfolios in Thermal Spray Equipment Market?
- What segments are covered in the Thermal Spray Equipment Market?
- Who are the key players in the Thermal Spray Equipment market?
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Thermal-Spray-Equipment-Market/916
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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