Thermal spray Market Research Report- Forecast to 2030

Thermal Spray Market Research Report: Product (Metals, Ceramics, Intermetallics, Polymers, Carbides), Technology (Cold Spray, Flame Spray, Plasma, Spray) Application (Automotive, Oil & Gas, Mining, Aerospace, Medical) – Forecast Till 2030

ID: MRFR/CnM/4112-HCR | February 2021 | Region: Global | 139 pages

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Synopsis of Thermal spray Market


Thermal spraying is an industrial process of coating that involves the formation of substrates in the semi-molten and molten state. Thermal spraying provides thick coatings up to 20 mm over a large area and deposition rate than other coatings. These sprays are used for a protective or decorative coating in many substrates including metals, ceramics, polymers, intermetallic, carbides, abradable, and others. The properties such as enhanced engineering performance increased shelf life, and low coating cost makes them a suitable substitute in comparison with other coatings.  The growing demand from the end-user industries such as aerospace, automobiles, oil & gas, steel, medical and printing among others is substantially driving the growth of the market.  However, low adoption rate coupled with the growing threat of substitution are some of the major restraints in the growth of the market.


Among the various product segments in thermal spray market, the ceramics is expected to be the leading segment of the market and is anticipated to show a considerable CAGR during the forecast years.  The growing demand for efficient ceramic coatings in healthcare, defense, aerospace, and oil & gas sector among others is the major factor fuelling the market growth. Metals are the second largest product segment and are anticipated to account for over 20% of market share during the assessed years.  The growing application of metals in various sectors has increased the demand for coatings, in turn, contributing to the growth of the segment.


The most common technologies used in the thermal spray market are cold spray, flame spray, plasma spray, HVOF, and electric arc spray among others. Among these, plasma spray is the fastest growing technology type and is anticipated to grow at a CAGR of above 5% during the forecast period.  Flame spray technology is another dominant segment. The enhanced wear & impact resistance makes the use of flame spray suitable for the various applications such as aerospace, machinery, and infrastructure among others.


Aerospace is the largest application segment accounted for over 30% of market share in 2016. Aerospace industry requires efficient wear and thermal resistive coatings in numerous applications. The growing development of the aerospace sector, especially in the developing economies, is expected to boost the market of thermal spray during the forecast period.


 The Global Thermal spray Market Share, by Application


 Thermal spray Market


Source: MRFR analysis


Key Players


Some of the prominent players operating in the global thermal spray market are A & A Thermal Spray Coatings (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair Surface Technologies, Inc. (U.S.), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), Surface Technology Inc (U.K.), H.C. Starck GmbH (Germany), and ASB Industries, Inc. (U.S.), among others.



Regional Analysis 


The thermal spray market is segmented into five regions: Latin America, the Middle East & Africa, Asia Pacific, North America, and Europe.  Among these, Asia is expected to be the fastest growing region with an encouraging CAGR. Growing population and the increasing per capita disposable income in the developing nations are primarily driving the growth of the thermal spray market. Moreover, the propelling aerospace and the automobile industry in countries such as India and China, is increasing the demand for thermal spray. Moreover, the growing demand from the oil and gas industry mainly in China, India is another factor positively affecting the market growth. The growing population has augmented the need for energy in the region which has resulted in a surge in oil and gas activities, thereby increasing the demand for a thermal spray for the use in bearings, pump shafts, hydraulic plungers and other applications. North America is the largest market and is expected to retain its dominance during the forecast years.  The developed industries such as aerospace, automobile, and pharmaceuticals among other are positively affecting the market growth.  The European region is a lucrative market and is mainly driven by a well-developed automobile and aerospace industry. Moreover, the growing oil and gas related activities mainly in Russia is expected to surge the market growth, Europe is expected to show a CAGR of over 5.5% during the forecast years.


Segmental Analysis


The global thermal spray market is segmented into product, application, and technology. On the basis of the product type, the market is segregated into metals, ceramics, intermetallic, polymers, carbides, abradable and others. The market by technology is further categorized into cold spray, flame spray, plasma spray, HVOF, electric arc spray, and others. On the basis of application, the market is segregated into aerospace, industrial gas turbine, automotive, medical, printing, oil & gas, steel, pulp & paper and others.  

 Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Thermal spray  market manufacturers

  • Traders and Distributors of thermal spray market

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   (2020-2030): 4.50 CAGR
  Base Year   2021
  Forecast Period   2020 to 2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Technology, Application and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   A & A Thermal Spray Coatings (U.S.), Flame Spray Coating Company (U.S.), General Magnaplate Corporation (U.S.), Praxair Surface Technologies, Inc. (U.S.), Oerlikon Metco (Switzerland), Plasma-Tec, Inc. (U.S.), Surface Technology Inc (U.K.), H.C. Starck GmbH (Germany), and ASB Industries, Inc. (U.S.), among others.
  Key Market Opportunities   The growing application of metals in various sectors has increased the demand for coatings, in turn, contributing to the growth of the segment.
  Key Market Drivers   The growing demand for efficient ceramic coatings in healthcare, defense, aerospace, and oil & gas sector among others is the major factor


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Frequently Asked Questions (FAQ) :

Thermal spraying provides thick coatings up to 20 mm over a large area and deposition rate than other coatings. These sprays are used for a protective or decorative coating in many substrates including metals, ceramics, polymers, intermetallic, carbides, abradable, and others.

The plasma spray segment would inspire better growth for the thermal spray market.

Ceramic is to register the highest growth for the thermal spray market.

The thermal spray market Flame Spray Coating Company (U.S.), A & A Thermal Spray Coatings (U.S.), Praxair Surface Technologies, Inc. (U.S.), General Magnaplate Corporation (U.S.), Plasma-Tec, Inc. (U.S.), Oerlikon Metco (Switzerland), H.C. Starck GmbH (Germany), Surface Technology Inc (U.K.), and ASB Industries, Inc. (U.S.).

The Asia Pacific would dominate the global thermal spray market.

Aerospace to lead the application-based segmentation of the thermal spray market.