Latest Market Research Report 2025

  The global thermal spray coatings market, valued at USD 10.46 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030. This growth is driven by the increasing adoption of thermal spray coatings across diverse industries such as automotive, aerospace, medical, industrial gas turbines, printing, steel, and pulp & paper. The demand for these coatings is largely due to their exceptional ability to withstand high temperatures and resist corrosion, qualities that make them ideal for protecting components in gas turbines used in helicopters, tanks, ships, and locomotives from fire and moisture in extreme conditions. Thermal spray coatings offer several beneficial properties, including wear resistance against abrasion, cavitation, and erosion, as well as chemical resistance, electrical insulation, and strong adhesion between layers. Moreover, regulations by the U.S. Environmental Protection Agency (EPA), European REACH, and the Occupati...

  The global thermal spray coatings market was estimated to reach USD 10.46 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030. This growth trajectory is largely influenced by the increasing application of thermal spray coatings across a diverse range of end-use industries, including automotive, aerospace, medical, industrial gas turbines, printing, steel, and pulp and paper. A significant factor contributing to the market's expansion is the rising deployment of gas turbines in various applications such as helicopter engines, tanks, ships, and locomotives. The inherent properties of thermal spray coatings, specifically their resistance to high temperatures and corrosion, make them ideal for protecting critical components in environments characterized by extreme heat and moisture. This protective capability is essential in preventing damage to parts exposed to fire and other harsh conditions. Gather more insights about the mark...

  Thermal Spray Coatings Industry Overview The global thermal spray coatings market was valued at USD 10.73 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030.   The growth of thermal spray coatings depends on its use in various end-use industries like automotive, aerospace, medical, industrial gas turbine, printing, steel, and pulp & papers. The rising use of gas turbines in helicopter engines, tanks, ships, and locomotives is expected to help augment the demand for thermal spray coatings due to their high temperature and corrosion resistance which protects the parts against fire in high-temperature and moisture-laden conditions.   Gather more insights about the market drivers, restrains and growth of the Global Thermal Spray Coatings Market The properties provided by thermal spray coatings include wear resistance against abrasion, cavitation, and erosive forces, chemical resistance, electri...