[FURL=https://www.industryarc.com/Research/Thermal-Spray-Materials-Market-Research-502949?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Thermal Spray Materials Market[/FURL] Thermal Spray Materials Market size is expected to be valued at $10.8 billion by the end of the year 2026 and the thermal spray materials industry is set to grow at a CAGR of 7.4% during the forecast period from 2021-2026. The increase in the adoption of combustion flame, a process for applying coatings in various end-use industries such as aerospace, automobile and marine industry is driving the thermal spray materials market. Thermal spray materials are coating materials that are used for applying coating layers to various products such as electronics, heavy machineries, aircrafts and others.Key Takeaways
North American market held the largest share in the thermal spray materials market owing to the large production of automotive and aircrafts in the region.
The increase in the demand for coating materials in the electrical and electronics industry, especially in semiconductors is driving the thermal spray materials market.
Increasing demand from the aerospace industry for chemical vapor deposition for jet engine blades and other hot section components.
During the Covid-19 pandemic, the thermal spray materials market witnessed various drawbacks leading to the market incurring losses. The situation is however set to improve by the year end of 2021.
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Thermal Spray Materials Market Segment Analysis – By Geography
North American region held the largest share of 42% in the thermal spray materials market in the year 2020. The increase in the production of aircraft for various needs such as commercial purposes, civil aircrafts and defense aircrafts is driving the aerospace industry in the region. According to Aerospace Industries Association the total sales revenue of the aerospace industry in the year 2019 stood at US$909 billion in the United States. This is one of the biggest factors driving the thermal spray powders market, since it is extensively used in the coatings and other components such as engine blades and other components of the aircrafts. The aerospace industry of the United States is growing stronger due to various reasons like highest export rate of aircrafts, research and development and others which is driving the aerospace industry in the US.
Thermal Spray Materials Market Drivers
Increasing investment and development in the aerospace industry
Rising demand from semiconductors industry
Thermal Spray Materials Market Industry Landscape
Thermal Spray Materials Market. Major players in the Thermal Spray Materials Market are Castolin Eutectic, Treibacher Industries, Linde plc, OC Oerlikon Management, H.C. Starck GmbH, Höganäs AB, Praxair Surface Technologies, BodyCote, Oerlikon Metco, Surface Technology, F.W. Gartner Thermal Spraying, Thermal Spray Technologies, BryCoat, Flame Spray.
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