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Thermal Spray Service Market Share

Report ID: GMI11651
Published Date: Oct 2024
Report Format: PDF

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Thermal Spray Service Market Share

Global Thermal Spray Service Company Market Share Analysis, 2023

The thermal spray service industry is fragmented, with several regional companies operating on a global scale. In 2023, Praxair Surface Technologies, Inc., ASB Industries, Inc., TST Engineered Coating Solutions, Thermal Spray Technologies, Inc. led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.

Thermal Spray Service Market Companies

Major players operating in the thermal spray service industry are:

A&A Coatings
APS Materials, Inc.
ASB Industries, Inc.
Bodycote plc
Curtiss-Wright Surface Technologies
F.W. Gartner Thermal Spraying
Flame Spray SpA
Höganäs AB
Kennametal Stellite
Oerlikon Metco
Plasma-Tec, Inc.
Praxair Surface Technologies, Inc.
Thermal Spray Technologies, Inc.
TST Engineered Coating Solutions
TWI Ltd

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of thermal spray service was worth over USD 2.8 billion in 2023 and is set to grow at a CAGR of around 3.8% between 2024 and 2032, driven by rising demand in aerospace and automotive industries for high-performance coatings that improve durability and thermal protection.

The HVOF segment was valued at USD 1 billion in 2023 and is expected to reach USD 1.5 billion by 2032, propelled by its adaptability to various materials and its application in industries requiring high-performance coatings.

The aerospace sectors accounted for over 32% of the market share in 2023 and is expected to reach 33% by 2032, driven by the need for durable and efficient coatings on critical components.

The North American thermal spray service market is expected to reach USD 1.7 billion by 2032, due to the rising demand from aerospace and automotive industries.

Major players in the thermal spray service industry include A&A Coatings, APS Materials, Inc., ASB Industries, Inc., Bodycote plc, Curtiss-Wright Surface Technologies, F.W. Gartner Thermal Spraying, Flame Spray SpA, Höganäs AB, Kennametal Stellite, Oerlikon Metco, Plasma-Tec, Inc., Praxair Surface Technologies, Inc., Thermal Spray Technologies, Inc., TST Engineered Coating Solutions, and TWI Ltd.