Thermal Spray Powders Market - Forecast(2023 - 2028)

Report Code: CMR 94168 Report Format: PDF + Excel

Thermal Spray Powders Market Overview

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 and high bond strength is increasing the demand for thermal spray powders market.

COVID-19 impact

Amid the Covid-19 pandemic, the thermal spray powders market saw a huge setback in terms of production, supply and other aspects such as marketing. The closedown of economies across the globe was a major hindrance to the growth of the thermal spray powders market. The thermal spray powders market saw a drastic decrease in its demand especially from various key-use industries such as automobile and aerospace, as those industries in itself incurred huge losses during the pandemic of Covid-19. The thermal spray powders market however saw a slight increase in the demand during the end of the year 2020, and is set to drastically increase during the time period of the year 2021. 

Thermal Spray Powders Market Report Coverage

The report: “Thermal Spray Powders Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Thermal Spray Powders Industry.

By Fiber Type: Carbide Powder, Ceramic Powder and Metal Alloy Powder.
By Application: Industrial Turbines, Steel, Power Generation, Pulp & Paper, Printing, Plastics and Others.
By End-Use Industry: Aerospace, Automotive, Oil and Gas, Electrical and Electronics, Manufacturing, Textiles and Others.
By Geography: By Geography: North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

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.

FIGURE: North America Thermal Spray Powders Market Revenue, 2020-2026 (US$ Billion)

For More Details on This Report - Request for Sample

Thermal Spray Powders Market Segment Analysis – By Fiber Type

Ceramic powder segment held the largest share of 35% in the thermal spray powders market in the year 2020. Ceramic powders are highly used in chemical processing and manufacturing. Ceramics withstand high temperature and has increased efficiency and strength. Ceramic powder is also relatively low cost as compared to other fiber such as carbide powder (tungsten carbide and chromium carbide), which makes it a most preferred type of thermal spray powder. It is highly used in various end-use industries such as aerospace and automobile industry.

Thermal Spray Powders Market Segment Analysis – By Application

Industrial Turbines segment held the largest share of 31% in the thermal spray powders market in the year 2020. Industrial turbines are extensively used in energy and heat generation. The growth in the energy generation industry such as wind energy and thermal energy is driving the demand for thermal spray powders in the industrial turbines market. The global gas turbine electrical power generation value stood at around US $ 7.2 billion in the year 2019, which is further driving the thermal spray powders in the industrial turbines sector, as it is highly used in the coatings of the turbines owing to the superior properties provided by the thermal spray powders market.

Thermal Spray Powders Market Segment Analysis – By End-Use Industry

Aerospace industry held the largest share 30% in the thermal spray powders market in the year 2020. The increase in the use of thermal spray coatings powders in the coatings of the aircrafts is highly driving the demand for thermal spray powders in the aerospace industry. For instance, the annual turnover of the aerospace industry in India in the year 2019 stood at US $ 2.4 billion. The Indian aerospace and defense market is also estimated to reach US $ 23 billion by the year 2024, which is further driving the demand for thermal spray powders from the aerospace industry.

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

The increase in the investments as well as development in the aerospace industry is hugely driving the thermal spray powders market. Thermal spray powders are highly used in the aerospace industry owing to the special properties provided by thermal spray powder such as high resistance to abrasion, resistance to extreme temperature is increasing the demand for thermal spray powders market in the aerospace industry. For instance, the global exports of the US aerospace industry stood at US $ 148 billion in the year 2019, which is one of the biggest factor driving the thermal spray powders market since it is extensively used in the coatings of the aircrafts.

Rising demand from coating industry

The increase in demand from the coating industry is driving the thermal spray powder market. The increase in demand for materials like tungsten carbide and chromi um carbide owing to their superior properties such as increased abrasion resistance, resistance to wear & tear and high bond strength is driving the thermal spray powders market. For instance, the sales value of the UK coating industry (paints & coatings, printing inks and wall coverings) stood at US $ 4.16 billion and with a total quantity of 703 million litres of paints and coatings, 94,000 tonnes of printing inks and 39 million rolls of wall coverings in the year 2019, which is one of the factor driving the thermal spray powders market since it is extensively used in the paints and coatings industry.

Thermal Spray Powders Market Challenges

Availability of raw materials

The availability of raw materials such as calcium carbide is uncertain and volatile. The limited cargo availability due to high ocean container freight is one of the major reason for the difficulty in procuring calcium carbide. The prices also increased at high rates. For instance, the price of calcium carbide in India was averaged at around US$ 810 per metric unit during December 2020. The availability of calcium carbide in various regions across the globe due to tightened supply due to spike in demand of acetylene is also tightening the supply of calcium carbide. This is one of the major challenge faced by the thermal spray powder market.

Thermal Spray Powders Market Industry Landscape

Product launch, expansions, partnerships, collaborations, investments, acquisitions and mergers are some of the key strategies adopted by players in the
Thermal Spray Powders Market. Major players in the Thermal Spray Powders Market are:

1. Treibacher Industries AG
2. Linde plc
3. H.C. Starck GmbH
4. Höganäs AB
5. Praxair Surface Technologies Inc.
6. BodyCote
7. Oerlikon Metco
8. Surface Technology
9. F.W. Gartner Thermal Spraying
10. Thermal Spray Technologies, Inc.
11. BryCoat Inc.
12. Flame Spray Sp among others.

Acquisitions/Technology Launches

On April 03, 2020 Bodycote acquired Elison Surface Technologies for a sum of US$ 200 million. This acquisition made Bodycote as one of the largest providers of thermal spray and engineered coating surface technology services in the world.

Relevant Reports

Thermal Interface Powders Market – Forecast (2021 - 2026)

Report Code: CMR 0589

Thermal Printing Market – Forecast (2021 - 2026)

Report Code: CMR 0191

Thermal Spray Coatings Market – Forecast (2019 - 2024)

Report Code: CMR 95426

For more Chemicals and Materials Market reports, please click here

1. Thermal Spray Powders Market- Market Overview
   1.1 Definitions and Scope
2. Thermal Spray Powders Market - Executive Summary
    2.1 Key Trends by Types
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Thermal Spray Powders Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Thermal Spray Powders Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Thermal Spray Powders Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Thermal Spray Powders Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Thermal Spray Powders Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Thermal Spray Powders Market – By Types (Market Size -$Million/Billion)
    8.1 Carbide Powder
        8.1.1 Tungsten Carbide
        8.1.2 Chromium Carbides
        8.1.3 APT carbide
    8.2 Ceramic Powder
        8.2.1 Aluminum Oxide Powders
        8.2.2 Chromium Oxide Powders
        8.2.3 Yttrium Oxide Powders
        8.2.4 Zirconium Oxide Powders
    8.3 Metal Alloy Powder
        8.3.1 Aluminum based
        8.3.2 Cobalt based
        8.3.3 Copper based
        8.3.4 Iron based
        8.3.5 Molybdenum based
        8.3.6 Nickel based
        8.3.7 Polymer based 
        8.3.8 Ceramics
        8.3.9 Metals
        8.3.10 Alloys
9. Thermal Spray Powders Market – By Application (Market Size -$Million/Billion)
    9.1 Industrial Turbines
    9.2 Steel
    9.3 Power Generation
    9.4 Pulp and Paper
    9.5 Printing
    9.6 Plastics
    9.7 Others
10. Thermal Spray Powders Market - By End-Use Industry (Market Size -$Million/Billion)
    10.1 Aerospace
    10.2 Automotive
    10.3 Oil & Gas
    10.4 Electrical and Electronics
    10.5 Manufacturing
    10.6 Textile
    10.7 Others
11. Thermal Spray Powders Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherland
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 U.A.E
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Thermal Spray Powders Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Thermal Spray Powders Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share at Global Level - Major companies
    13.2 Market Share by Key Region - Major companies
    13.3 Market Share by Key Country - Major companies
    13.4 Market Share by Key Application - Major companies
    13.5 Market Share by Key Product Type/Product category - Major companies
    13.6 Company Benchmarking Matrix
14. Thermal Spray Powders Market – Key Company List by Country Premium Premium
15. Thermal Spray Powders Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"