Thermal spray coating is a technology that is used to enhance the surface of solid materials in order to offer resistance to corrosion, cavitation, wear, and abrasion. Thermal spray coating is also used to offer electrical conductivity for insulation and chemical resistance to the light metal surface. Moreover, it is widely adopted across various end-user industries for extending the shelf-life of products and to repair and re-engineer damaged components. Some of the major end-users of thermal spray coating are aerospace, industrial gas turbines, automotive, and medical.
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Global thermal spray coatings market was valued at US$ 10,342.89 Mn in 2021 in terms of revenue, exhibiting a CAGR of 5.1% during the forecast period (2022 to 2030).
Drivers
Growing demand for thermal spray coating over hard chromium plating across various industries is a prominent factor expected to propel market growth. Hard chromium plating is widely used in the aircraft landing gear, turbine engines, propeller hubs, and hydraulics. However, hard chromium process consists of hexavalent chromium that has a bad impact on the environment. Hence, a growing preference for thermal spray coating over hard chromium plating is projected to propel the market growth.
Growing demand for titanium and hydroxyapatite coatings by using thermal spray coating across medical implants is expected to foster the market growth over the forecast period. Thermal spray coating is applied to the medical devices in order to offer surface roughening and biological fixation. Demand for thermal spray coating is especially gaining demand for orthopedic medical devices. Hence, growing application of thermal spray coating in medical implants is expected to foster market growth.
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