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Thermal Spray Service Market Share
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
Who are the major players in the thermal spray service industry?
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, H
Which sectors are driving the growth of the thermal spray services?
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.
What is the expected growth rate of the HVOF technology segment?
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.
How big is the thermal spray service market?
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.
What is the projected market size for North America thermal spray services by 2032?
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.