[FURL=https://www.industryarc.com/Research/Thermal-Spray-Powders-Market-Research-502980?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Thermal Spray Powders Market[/FURL] Thermal Spray Powders Market size is expected to be valued at US$10.9 billion by the end of the year 2026 and the thermal spray powders industry is set to grow at a CAGR of 6.2% during the forecast period from 2021-2026. The increase in the need for combustion flame, a process foe applying coatings in various end-use industries such as aerospace, automobile and marine industry is driving the thermal spray powders market. Plasma spraying is also used to apply ceramic, cermet and metal coatings in various key-use industries such as transportation. Other coatings such as tungsten carbide and chromium carbide, due to the advantages provided by these coatings such as increased abrasion resistance, resistance to wear & tear.Key Takeaways
North American market held the largest share in the thermal spray powders market owing to the large production of automotive and aircrafts in the region.
The development and innovation in the aerospace industry is hugely driving the thermal spray powders market.
Increasing demand from the coating industry for coatings such as tungsten carbide and chromium carbide owing to their enhanced properties such as resistance to abrasion, heat and other extreme conditions is driving the thermal spray powders market.
During the Covid-19 pandemic, the thermal spray powder 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 Powders Market Segment Analysis – By Geography
North American region held the largest share of 38% in the thermal spray powders market in the year 2020. The increase in the production of aircrafts for various reasons such as commercial purposes, civil aircrafts and defense aircrafts. 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 factor driving the thermal spray powders market, since it is extensively used in the coatings 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 etc., which is driving the aerospace industry in the US which is eventually driving the thermal spray powders market in the region.
Thermal Spray Powders Market Drivers
Increasing investment and development in the aerospace industry
Rising demand from coating industry
Major players in the Thermal Spray Powders Market are Treibacher Industries AG, Linde plc, H.C. Starck GmbH, Höganäs AB, Praxair Surface Technologies Inc., BodyCote, Oerlikon Metco, Surface Technology, F.W. Gartner Thermal Spraying, Thermal Spray Technologies, Inc., BryCoat Inc., Flame Spray Sp among others.
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