Global thermal spray coatings market size analysis and forecast.

China Coatings network
: In 2014, the global
coating
market size of about 7.41 billion U.S. dollars. Increased demand in different applications is becoming a key driver of the market, particularly in automotive and aerospace.
protection against material wear and corrosion, low emissions of toxic gases, thickness and anti-static properties, etc., make the application of thermal spray coatings continue to expand, promoting the development of the market. In the next 7 years, low adhesion on smaller substrates will be a challenge for the development of the thermal spray coating industry.
applications include aerospace components, automotive, medical devices and industrial gas turbines. The use of these coatings in biomedical and medical devices can contribute to economic growth by effectively increasing wear resistance and promoting biosythesis of prosthetics and teeth.
metals, ceramics, metal compounds and polymers are the most popular products in the thermal spray coating industry and are widely used on the surface of substrates, resulting in long service life under harsh operating conditions. At the same time, thermal spray coatings are also used in the production of high-strength low-alloy LPG containers, effectively preventing stress corrosion cracking. It is expected that in the future, with the development of the oil and gas industry, especially in North America and the Middle East, will have a positive impact on the demand for coatings. Expansion of applications such as engineering coatings, wear-resistant coatings, automotive, aerospace, biomedical, food processing, electronics, semiconductors and energy sectors will further boost demand.
in order to meet severe environmental standards, especially in North America and Europe, the shift in consumer trends from hard chrome coatings to thermal spray coatings will be a major driver of the market. Over the next seven years, technology upgrades and lower total costs will be another key factor in demand growth.
aviation is the largest application area, accounting for 34.4% of the global share in 2014. A wide range of aerospace components require high-strength wear-resistant coatings that can withstand temperatures above 800oC. Due to the growing disposable income of consumers, especially in the Asia-Pacific region, which is dominated by China and India, civil aviation has been continuously developed and will have a positive impact on the market over the next seven years.
industrial gas turbines are the second largest application area, with a value of US$1.8 billion in 2014. Demand is expected to grow in the coming period as the range of applications such as ships, trains, tanks, helicopters and motorcycles continues to expand. With $1.2 billion in automotive applications in 2014, India will have a high demand for cars as industrialization develops and the government supports the auto industry. With the introduction of the "Make in India" policy, the government will effectively promote the production of cars and parts in India. This, in turn, will have a positive impact on the thermal coatings market over the next seven years.
a significant market share, with a value of more than $2.2 billion in 2014, mainly in the biomedical sector. These materials are sprayed on substrates using HVOF technology, which will be further used in the production of dental implants in the medical field. Over the next seven years, the expansion of this sector will have a positive impact on demand growth.
Metal materials accounted for 22.4% of the market in 2014, with a broad microstructure range, film deposition speed, and the suitability of raw materials making coatings profitable, so metal materials will be an important market driver over the next 7 years. With increased awareness of consumer safety and environmental protection, stringent standards from the Environmental Protection Agency (EPA) and AFSP have facilitated the use of these materials in the automotive industry.
Asia-Pacific region accounted for 21.2% of the global market share in 2014, and the rapid industrialization process has led to the birth of a large number of automotive manufacturers, especially in China and India, in the next seven years, hoping to have a positive impact on market growth. North America remains the market leader, with $2.14 billion in 2014, and the growing demand for precision aero engine coatings from the aviation industry will affect the growth of the entire market for some time to come.
Competitiveness
Plex Surface Technologies, Meitkin, TST Engineering Coatings Solutions, Flame Spraying
Coatings
, Surface Technologies and Air Chemical are all important suppliers in the thermal coatings market. A typical feature of this market is the integration of various parts of the value chain.
many companies are currently engaged in the production and distribution of thermal coating equipment, but the industry is still dominated by large companies with low raw material costs, which sell for less than their competitors but still make a profit.