U.S (New York)– The “Thermal Spray Coating Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global thermal spray coating market was valued at $7.4 billion in 2018 and is projected to reach $13.5 billion by 2026, growing at a CAGR of 7.8% from 2019 to 2026. Thermal spray coating is a coating process which utilize powder coating material to coat a surface. The powder coating material is melted into droplets and sprayed onto a surface at a high velocity. The thermal spray coating is applied to metal substrates and the process is known by a different name that includes spray welding, plasma spray, HVOF, and flame spray.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Thermal spray coating technology is used on a vast range of components of rotating and moving parts of machines such as automobile engines, aerospace turbine, and machine tools, which operate in adverse environments where, erosion, wear, corrosion, or heat leads to decrease in component life. The growing automotive, aerospace, and heavy machinery industries and military & civil airliner has led to increase in usage of thermal spray coating technology. Thermal spray coating is used to coat piston and synchronizer rings in automotive applications. Similarly, thermal spray coating is also used in aerospace application to coat engine turbine blades and protect it from extreme temperatures, as well as ensure increased reliability for ex- tended periods of time. These coatings are replacing hard chromium plating as the preferred coating method to offer improved performance. This factor is anticipated to drive the growth of the thermal spray coating market.
The global thermal spray coating market is segmented based on material, process, end-use industry and region. Based on material, the global market is segmented into ceramics, metal & alloys and other materials. Based on process, the global thermal spray coating market is bifurcated into flame spraying, arc spraying, plasma spraying, HVOF and others. On the basis of end-use industry, the market is divided into automotive, aerospace, industrial and others. Based on region, the market is analyzed across North America, Asia-Pacific, Europe and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current Thermal Spray Coating market trends and future scenario of the Thermal Spray Coating market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
– Major countries in the region have been mapped according to their individual revenue contribution in the Thermal Spray Coating market analysis at the regional and country-level market.
– The key drivers, restraints, and Thermal Spray Coating market opportunities and their detailed impact analyses are elucidated in the study.
– The profiles of key players along with their key strategic developments are enlisted in the report.
Key Players
– 3M
– A&A Thermal Spray Coatings, Inc.
– APS Materials, Inc.
– CoorsTek, Inc.
– Dupont De Nemours, Inc.
– Integrated Global Services, Inc.
– KCC Corporation (KCC)
– Linde Plc
– Morgan Advanced Materials plc
– Saint-Gobain
KEY MARKET SEGMENTS
By Material
– Ceramics
– Metal & Alloys
– Others
By Process
– Flame Spraying
– Arc Spraying
– Plasma Spraying
– HVOF
– Others
By End use Industry
– Automotive
– Aerospace
– Industrial
– Others
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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o Russia
o Spain
o Italy
o UK
o Rest of Europe
– Asia-Pacific
o China
o Japan
o South Korea
o Thailand
o India
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Turkey
o South Africa
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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