Navigating Innovation: Insights into Thermal Spray Coatings Technology Segmentation
The global thermal spray coatings market was valued at approximately USD 10.46 billion in 2023, with projections indicating a growth rate of 4.8% CAGR from 2024 to 2030. The expansion of the thermal spray coatings market is closely tied to their application across various end-use industries, including automotive, aerospace, medical, industrial gas turbines, printing, steel, and pulp & paper. A significant driver of this demand is the increasing use of gas turbines in critical applications such as helicopter engines, tanks, ships, and locomotives. Thermal spray coatings are particularly valued for their high-temperature and corrosion resistance, which safeguards components against damage in high-temperature and moisture-rich environments. Gather more insights about the market drivers, restrains and growth of the Thermal Spray Coatings Market Technology Segmentation Insights In 2023, the plasma spray technology segment led the market, accounting for over 32.0% of revenue....