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The market for thermal spraying coatings will reach $14.99 billion by 2025
Jun 05, 2018

According to the study, the global market for thermal spray coatings will reach $14.99 billion by 2025. The expanding range of applications, such as wear and corrosion protection, low gas emission, thickness and resistance, has brought new vitality to the market of thermal spraying coatings.

About the hot spray paint market.

It mainly includes aerospace industry precision parts, automobile, medical instrument and industrial gas turbine. The use of thermal spraying coatings in biomedicine and medical devices will help improve their wear resistance and improve biocompatibility, as well as help with denture implants.

The expanding range of applications also includes ships, locomotives, tanks, helicopters and motorcycle gas turbines, which have also accelerated the boom in the market for thermal spraying coatings. Considering the properties of high temperature and corrosion resistance, polymer and metal thermal spraying coatings are generally used in industrial gas turbine blades in powder form.

The largest application area -- ceramics.

In terms of benefits, ceramics are the biggest applications. According to the statistics of 2016, ceramics account for 30.1% of the global market. And ceramics are mainly used in the biomedical industry. It is expected that this aspect will bring positive factors to the hot spraying coating market in the next 7 years.

The global hot paint coating market is expected to grow significantly due to the impact of the aerospace industry and the auto industry. The growing demand for corrosion resistant coatings in both industries will be a major driver of market growth. At the same time, industrial coatings, wear-resistant coatings, biomedicine, food processing, electrical and electronics, semiconductors and energy will also have a positive impact on the market.

At the same time, according to the report, there are also the following:

In 2016, the global thermal spraying coating market was worth $8.33 billion. According to the data, this number will increase due to the growth of automobile industry demand.

Revenue growth in medical applications is the fastest growing, with a compound annual growth rate of 7.8 per cent between 2017 and 2026, affected by increased demand for better health care facilities and hospitals.

The ceramic sector, which has become the highest-paid sector in 2016, will continue to grow steadily over the next few years and is expected to reach $4.6 billion by 2025.

Thanks to strong growth in healthcare, oil and gas, the region's industries will see substantial growth over the next eight years, particularly in India and China, with gas and cars. The compound annual growth rate will reach 7.9% from 2017 to 2025.

 

 








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