U.S. Thermal Spray Coating Market for Oil & Gas: Trends, Opportunities, and Forecasts
The U.S. thermal spray coating for oil and gas market size is expected to reach USD 426.3 million by 2027, expanding at a CAGR of 7.8% over the forecast period, according to a new study by Grand View Research, Inc. Increasing demand corrosion inhibitors from oil rigs in U.S. is significantly driving the market growth. Thermal coatings are used in a variety of applications including oil and gas, aerospace, petrochemical, marine, and automotive. There are a variety of coatings available that can be used depending upon the specific requirements of the industry. For instance, electric arc wire spray is used for industrial gas turbines, whereas oil and gas industry uses High Velocity Oxygen Fuel (HVOF) and atmospheric plasma spray. The product demand from downstream industrial segment is expected to increase steadily on account of their increasing use, primarily in numerous products such as gasoline, diesel, pesticides, pharmaceutical, propane, liquid petroleum gas,...