Increasing
Preference for Thermal Spray Coatings over Chrome Plating to Encourage Growth
To provide greater performance,
thermal coatings are replacing hard chromium plating as the preferred
coating process. Strong chrome plating has long been a popular industry
solution because of its qualities that make it resistant to oxidation,
corrosion, tear, and dimensional reclamation. It has a cheap cost per surface
area unit, but it has restrictions in component size, thickness build-up, and
operating effectiveness in specific conditions. Growing environmental concerns,
stringent rules imposed on the chrome plating process and waste disposal, as
well as growing costs, are gaining traction for thermal spray coatings. The
stringent regulations imposed by the US EPA, REACH, and OSHA regarding the
prohibition of hard chrome plating, which produces a carcinogen byproduct, influence
coating manufacturers to adopt sustainable solutions, which can further
accelerate the market for thermal spray coatings in multiple
end-use industries.
The rising automotive, aircraft,
and heavy machinery industries, as well as the military and civil airliner
industries, have led to a growth in the use of thermal spray coating
technology. In automotive applications, piston and synchronizer rings are
coated using thermal spray coating. Similarly, thermal spray coating is used in
aerospace to coat engine turbine blades and protect them from severe
temperatures while also ensuring greater durability over long periods of
time.
Aerospace
Sector Is the Most Significant Contributor to The Thermal Spray Coatings Market
The aerospace industry is the largest
thermal spray coatings market consumer. This growth is primarily due to the
aerospace industry's rise and a demand backlog of about ten years. Because of
the availability of large manufacturers such as Boeing, North America is
expected to lead the aerospace sector. Furthermore, major aircraft
manufacturers such as Boeing and Airbus will enhance their manufacturing
capacity to meet the demand for commercial and defence aircrafts. Boeing
projects that airlines globally will require 41,170 new planes over the next 20
years, with half of the deliveries going to replacement aircraft and
single-aisle planes accounting for around 75% of all planes.
Another important market for
thermal spray coatings is automotive. Increases in consumer disposable income
and spending power, as well as improvements in living standards in developing
nations such as China and India, drive up demand for vehicles. In 2021, 82 Mn
vehicles sold globally according to the International Organization of
Motor Vehicle Manufacturers (OICA). To improve fuel economy, high-performance
ceramic coatings are applied to car engine components.
Flame Sprays Are
Gaining Traction in High-Quality Metal Coatings
The primary market share was held
by the flame spray segment. Flame spraying adds thermal spray coating by using
an oxy-acetylene flame. The coating material is melted by the heat from the
flame before being blasted onto the product by compressed air. To defend
against corrosion, the flame spray may be used to apply high-quality metal
coatings. HVOF technology can be used to create medical dental implants. This
sector's expansion would have a favourable influence on demand growth
throughout the forecast period. Because the thickness of the coating can be
easily monitored, the method can also be used to restore the dimensions of a
worn part or improperly machined portion.
Formation of
Globular Pores Using Thermal Spray Coatings Likely to Be A Challenge
Thermal spray coatings often
cause defects such as pores, generally globular in nature, exploded particles,
and cracks caused by residual stress relaxation. The worst flaws are caused by
unmolten or partly melted particles. The cracks show as micro-cracks inside
splats, as well as micro-cracks running across layered splats and appears to
initiate interconnected porosities.
In January 2021, Hannecard
acquired Barberton, Ohio-based ASB Industries Inc. ASB Industries Inc. provides
industrial coating services such as thermal spray, plasma spray, flame spray, electric
arc spray, and others. Furthermore, Hannecard, a French corporation, has
established itself throughout the American continent after Africa, Europe,
Asia, and South America.
United Coatings Group, the parent
company of Euro Coatings SPA, completed the process of changing its name to
Lincotek Group in January 2020.Thermal spray coatings options for thermal spray
are now part of Lincotek Equipment.
Bodycote announced the
acquisition of Ellison Surface Technologies on April 6, 2020.
H.C. Starck Inc., Praxair Surface
Technologies, Inc., Höganäs AB, Castolin Eutectic, Wall Colmonoy Corp., Powder
Alloy Corp., Lincotek group, Carpenter Technology Corp., Saint-Gobain S.A., Fujimi
Incorporated, Durum Verschleiss-Schutz GmbH, Kennametal Stellite, Montreal
Carbide Co. Ltd., Oerlikon Metco, GTV Verschleißschutz GmbH (GTV Wear
Protection GmbH), Flame Spray Technologies, Medicoat AG, TOCALO Co., Progressive Surface, Inc., Ltd., American
Roller Company, LLC, Bodycote plc, Lincoteck Surface Solutions, John Wood Group
PLC, F.W. Gartner Thermal Spraying, Vitta Corporation, Polymet Corporation, Flame
Spray Coating Co., Curtis-Wright Corporation, Metallisation Ltd, TST Coatings,
Inc., Air Products and Chemicals, Inc., TWI Ltd., Integrated Global Services, A&A
Thermal Spray Coatings, Metallizing Equipment Co. Pvt. Ltd., Thermion, Precision
Coatings Inc., Plasma Technology Inc., Cincinnati Thermal Spray, Inc., HFW
Industries, Inc., Racine Flame Spray Inc., BryCoat Inc. are some of the prominent
market players operating in the global thermal spray coating market.
Thermal Spray
Coating Consumption Is Expected to Increase Due to Gas Turbines
The majority of the regional
market revenue in North America was generated in the United States. This is
owing to the strong demand for industrial gas turbines from power generation
plants, which is expected to grow due to the United States government's policy
shift toward replacing coal by natural gas for electricity generation. As per
the Rural Health Information Hub, there are presently 46 Mn persons over the
age of 65 in the United States, with that number expected to rise to 90 Mn by
2050. The rising geriatric population and enhanced healthcare services in the
United States are likely to increase the market for orthopaedic implants used
in knee cap replacement surgery and develop the regional market.
The Asia Pacific aerospace sector
is gaining traction as major aircraft manufacturers such as Airbus establish
production operations in the region and source aircraft components from
regional Indian firms such as the Tata Group, Dynamatic Technologies, and
Mahindra Group Companies. This may boost the market for thermal spray coatings
in the region develop because there is a high demand for automotive parts that
must withstand extremely high pressures and temperatures. The world's largest
producer of oil is in the Middle East and Africa. The presence of major
oil-producing nations like Saudi Arabia, Oman, Bahrain, Kuwait, Libya,
Iraq, Angola, and Iran is likely to push product demand in the region's oil and
gas industry. As a result of the aforementioned reasons, demand for thermal
spray coatings in the area is expected to increase during the forecast period.
The report provides a detailed
overview of the thermal spray coating market insights in regions including
North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle
East and Africa. The country-specific assessment for thermal spray coating
market has been offered for all regional market share, along with forecasts,
market scope estimates, price point assessment, and impact analysis of
prominent countries and regions. Throughout this market research report, Y-o-Y growth
and CAGR estimates are also incorporated for every country and region, to
provide a detailed view of the thermal spray coating market. These Y-o-Y
projections on regional and country-level markets brighten the political,
economic and business environment outlook, which are anticipated to have a
substantial impact on the growth of the thermal spray coating market. Some key
country and region included in the thermal spray coating market report as
follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Thermal Spray Coating Market Research
Report Covers In-depth Analysis on:
·
Thermal spray coating market segments
·
Thermal spray coating market dynamics
·
Thermal spray coating market value and share
analysis
·
Recent trends, restraints, opportunities in thermal
spray coating market
·
Companies & competition involved thermal
spray coating market
·
Latest technologies in thermal spray coating
market
·
Supply chain and value chain thermal spray
coating market
·
Thermal spray coating market sales and
distribution strategies
Thermal Spray Coating Market Growth
Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Thermal spray coating industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on thermal spray coating market
forecast by countries
·
Essential information to enhance market position
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