Market Size of Europe Thermal Spray Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Thermal Spray Market Analysis
The Europethermal spray market is estimated to witness a significant growth, at an estimated CAGR of over 6.5%, over the forecast period. Growing thermal spray applications in automotive and aerospace sector and increased thermal spray usage in medical devices are expected to drive the market during the forecast period.
- Emergence of hard trivalent chrome coating is likely to hinder the market's growth.
- Advancements in spraying technology is expected to create opportunities to the market's growth in the future.
- Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
Europe Thermal Spray Industry Segmentation
The Europe thermal spray market report includes:
Product Type | |||||||||||||
Coatings | |||||||||||||
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Thermal Spray Coatings and Finishes | |
Combustion | |
Electric Energy |
End-user Industry | |
Aerospace | |
Industrial Gas Turbines | |
Automotive | |
Electronics | |
Oil and Gas | |
Medical Devices | |
Energy and Power | |
Other End-user Industries |
Geography | |
Germany | |
United Kingdom | |
Italy | |
France | |
Rest of Europe |
Europe Thermal Spray Market Size Summary
The Europe thermal spray market is poised for substantial growth, driven by its expanding applications in the automotive and aerospace sectors, as well as increased usage in medical devices. Despite the potential hindrance posed by the emergence of hard trivalent chrome coating, advancements in spraying technology are anticipated to offer new growth opportunities. Germany is expected to lead the market, benefiting from its robust automotive and aerospace industries. In aerospace, thermal spray coatings are crucial for protecting and repairing aircraft components, enhancing the durability and thermal resistance of engine parts. These coatings are extensively used in jet engine components and landing gear, addressing various degradation issues such as metal wear and hot corrosion. The use of thermal spray coatings in rocket combustion chambers and turbine components further underscores their importance in the aerospace sector.
The automotive industry in Germany, with its significant production capacity, plays a pivotal role in the market's expansion. The country's aerospace sector, home to numerous firms and production bases, is set to see increased thermal spray consumption due to the anticipated rise in aircraft production. This growth is supported by the demand from major end-user industries, contributing to the fragmented nature of the European thermal spray market. Key players such as OC Oerlikon Management AG, Saint-Gobain, Hoganas AB, Linde Plc, and Bodycote are instrumental in shaping the market dynamics. As the demand for thermal spray applications continues to rise, the market is projected to experience robust growth throughout the forecast period.
Europe Thermal Spray Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Thermal Spray Applications in Automotive and Aerospace Sector
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1.1.2 Increased Thermal Spray Usage in Medical Devices
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1.1.3 Rising Popularity of Thermal Spray Ceramic Coatings
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1.1.4 Replacement of Hard Chrome Coating
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1.2 Restraints
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1.2.1 Emergence of Hard Trivalent Chrome Coating
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1.2.2 Trust Issues Regarding Process Reliability and Consistency
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Coatings
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2.1.2 Materials
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2.1.2.1 Coating Materials
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2.1.2.1.1 Powders
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2.1.2.1.1.1 Ceramics
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2.1.2.1.1.2 Metals
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2.1.2.1.1.3 Polymer
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2.1.2.1.1.4 Other Coating Materials
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2.1.2.1.2 Wires/Rods
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2.1.2.1.3 Other Coating Materials
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2.1.2.2 Supplementary Material (Auxiliary Material)
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2.1.3 Thermal Spray Equipment
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2.1.3.1 Thermal Spray Coating System
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2.1.3.2 Dust Collection Equipment
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2.1.3.3 Spray Gun and Nozzle
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2.1.3.4 Feeder Equipment
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2.1.3.5 Spare Parts
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2.1.3.6 Noise-reducing Enclosure
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2.1.3.7 Other Thermal Spray Equipment
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2.2 Thermal Spray Coatings and Finishes
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2.2.1 Combustion
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2.2.2 Electric Energy
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2.3 End-user Industry
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2.3.1 Aerospace
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2.3.2 Industrial Gas Turbines
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2.3.3 Automotive
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2.3.4 Electronics
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2.3.5 Oil and Gas
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2.3.6 Medical Devices
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2.3.7 Energy and Power
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2.3.8 Other End-user Industries
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2.4 Geography
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 Italy
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2.4.4 France
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2.4.5 Rest of Europe
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Europe Thermal Spray Market Size FAQs
What is the current Europe Thermal Spray Market size?
The Europe Thermal Spray Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)
Who are the key players in Europe Thermal Spray Market?
OC Oerlikon Management AG, Saint-Gobain , Hoganas AB, Linde Plc and Bodycote are the major companies operating in the Europe Thermal Spray Market.