The global thermal spray coatings market size was US$ 8.1 billion in 2021. The global thermal spray market is forecast to grow to US$ 14.2 billion by 2030, registering a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022 to 2030.

Thermal spray coating is a method of applying a powder coating material to a surface. The powder coating material is melted into droplets and sprayed onto a surface at high speeds. The thermal spray coating technique is used on a variety of rotating and moving elements of equipment such as automobile engines, aircraft turbines, and machine tools to protect them from erosion, corrosion, and heat.

Factors Influencing the Market

• Rising demand for automobiles is the primary factor fueling the growth of the global thermal spray coatings market. In addition, the growing living standards of the urban population will accelerate the growth of the global thermal spray coatings market during the study period.
• Increasing urbanization and rising demand for automobiles are forecast to benefit the global thermal spray coatings market. In addition, increasing disposable income is forecast to accelerate the growth of the global thermal spray coatings market during the study period. 
• Growing consumer awareness about the efficiency of thermal spray coatings is forecast to escalate the market growth. In addition, the benefits of thermal sprays as they protect the components against oxidation and high-temperature resistance are forecast to drive the demand for the product. 
• The growing demand for thermal spray coatings from various verticals, such as aerospace, automotive, heavy industrial sectors, military, and civil airplanes are forecast to boost the market growth. 
• Thermal spray coating is employed to coat engine turbine blades and protect the aircraft from severe temperatures. Thus, all of these factors will contribute to the growth of the global thermal spray coatings market. 
• High costs associated with the coatings may hamper the growth of the global thermal spray coatings market during the forecast period. 

Regional Analysis

The global thermal spray coatings market is forecast to witness the highest growth in North America. The growth of the region is attributed to the rapidly increasing urbanization and industrialization. In addition, rising consumer disposable income and growing demand for thermal spray coatings from aerospace will contribute to the regional market growth. 

Covid-19 Impact Analysis

The demand for thermal spray coating significantly declined in the automotive industry. The automotive segment witnessed significant challenges during the pandemic, which ultimately affected the global thermal spray coatings market during the study period. 

Competitors in the Market

• Wall Colmonoy Corp.
• Powder Alloy Corp.
• Saint-Gobain S.A.
• Carpenter Technology Corp.
• Durum Verschleiss-Schutz GmbH
• Montreal Carbide Co. Ltd.
• Progressive Surface, Inc.
• American Roller Company, LLC
• Lincotek Surface Solutions
• Other Prominent Players

Market Segmentation

The global thermal spray coatings market segmentation focuses on Materials, End-Use Industry and Region.  

On the basis of materials

• Ceramics
• Metals & Alloys
• Others (carbides, composites, and polymers)
• On the basis of processes
• Combustion Flame
• Electrical

On the basis of end-use industry

• Aerospace
• Automotive
• Healthcare
• Agricultural Machinery
• Energy & Power
• Electronics
• Others (food processing, defense, and printing industries)

On the basis of Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America