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Thermal Spray Equipment Market Trends

Report ID: GMI11623
Published Date: Sep 2024
Report Format: PDF

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Thermal Spray Equipment Market Trends

As industries strive for greater efficiency and precision, there is a notable shift towards automated and robotic thermal spray systems. These technologies enhance consistency in coating applications and reduce human error, leading to improved product quality and reduced operational costs. Manufacturers are increasingly investing in automated solutions to streamline production processes and meet the rising demand for high-quality coatings in sectors like aerospace, automotive, and electronics.

There is a growing demand for advanced coating technologies, such as High-Velocity Oxygen Fuel (HVOF) and Plasma Spray, which offer superior performance characteristics. These technologies are increasingly preferred for their ability to create dense, durable coatings that can withstand extreme conditions. As industries seek to improve component longevity and performance, the adoption of these advanced coating methods is expected to rise.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of thermal spray equipment was reached USD 12.5 billion in 2023 and is projected to grow at a CAGR of 5.5% from 2024 to 2032, driven by the extensive use of thermal spray equipment across various industries, including aerospace, automotive, electronics, and energy.

In 2023, the spray system segment was valued at over USD 3.2 billion and is anticipated to reach USD 5.6 billion by 2032, on account of expanding aerospace, automotive, and energy sectors, which require high-performance coatings to meet their needs.

The metals segment dominated the market with a share of approximately 41% in 2023, due to their superior mechanical properties, wear resistance, and thermal stability.

North American thermal spray equipment market was valued at over USD 3.3 billion in 2023 and is projected to hit USD 5.4 billion by 2032, propelled by a focus on innovation and fuel efficiency.

A&A Thermal Spray Coatings, Ador Fontech, Aimtek, Alloy Metal Surface Technologies, Bodycote, Brycoat, Curtiss-Wright, Hannecard Roller Coatings, Hoganas, Kennametal, Lincoln Electric, Linde, Oerlikon, Saint Gobain, Wall Colmonoy are some of the major key players.