How much size did the global Thermal Spray Coating Market register in 2016?

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Thermal Spray Coating Market Share

Name: Thermal Spray Coatings Market Size, Share and Industry Analysis - 2024
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI1347
Published Date: Feb 2018
Report Format: PDF

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Thermal Spray Coating Market Share

Global thermal spray coating market share is moderately consolidated with presence of few multinational players and large number of regional players. Key industry participants include

Oerlikon Metco
H.C. Starck
Praxair Surface Technologies
A & A Coating
Surface Technology
Bodycote
Cincinnati

The thermal spray coatings market value chain mainly consists material suppliers, equipment suppliers and service providers. Several companies including Oerlikon Metco and Praxair Surface Technologies are fully integrated operating across the supply chain.

Companies are involved in several strategic partnerships and acquisitions to improve their market share. For instance, Oerlikon Metco acquired the Canada based, Recentis Advanced Materials to strengthen position in coating materials market in 2017. Other notable thermal spray coating industry participants include Plasma-Tec, ASB Industries, General Magnaplate, Thermion and Metallisation.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Thermal Spray Coatings Market

Thermal Spray Coating Market with an anticipated CAGR of 6.5% through the forecast period

According to the report published by Global Market Insights Inc., the thermal spray coating business is supposed to attain $13 billion (USD) by 2024.

Shifting trends to attain cost optimization in North American aerospace industry, expansion of European healthcare industry, rising automotive production, opportunities in the LATAM oil & gas industry, and growth in the MEA aviation industry are the major factors expected to drive the growth of global market.

A&A Thermal Spray Coatings, Flame Spray Coating Co., General Magnaplate Corporation, Praxair Surface Technologies, Oerlikon Metco, Plasma-Tec, Surface Technology, H.C. Starck GmbH, ASB Industries, Metallisation Ltd. Cincinnati Thermal Spray Inc., Thermion Inc., Air Products and Chemicals, Inc. are some of the top contributors in the industry.

The metal material segment registered a decent market share in 2016 and is projected to record a remarkable growth rate throughout the forecast period.