The global cold gas spray coatings market size was valued at USD 1040.2 million in 2021. The global cold gas spray coatings market is expected to expand grow to US$ 1482 million by 2030, registering a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030.
Factors Influencing the Market Growth
Regional Analysis
North America held dominance in the global cold gas spray coatings market and is forecast to remain dominant in terms of revenue. Strong demand from end-use areas such as transportation, utility, and electrical and electronics is driving the growth of the market. In addition, favorable government laws pertaining to the usage of lightweight and high-performance components are likely to increase regional market growth during the study period.
The Asia-Pacific is forecast to grow rapidly during the forecast period. The relocation of manufacturing industries such as electrical and electronics, mainly India and China, has impacted regional demand, particularly in non-automotive end-use sectors.
Europe is forecast to witness significant growth due to the existence of large countries with strong military and defense spending, such as Russia, Germany, France, and the United Kingdom. In addition, the increasing demand for coatings for aircraft and satellite component protection is fueling the growth of the regional market. Thus, it presents considerable growth opportunities for cold gas spray coatings manufacturers in the region.
COVID-19 Impact Analysis
The global cold gas spray market witnessed various challenges during the pandemic. The demand for end-users decreased rapidly, which hampered market growth. In addition, there were several disruptions in the supply chain, which slowed down the trade activities. As a result, the global cold gas spray coating market witnessed a significant decline during the pandemic period.
Competitors in the Market
Market Segmentation
The global cold gas spray coatings market segmentation focuses on Technology, End-User and Region.
By Technology
By End-User
On the basis of Region