North America Thermal Spray Market Size (2024 - 2029)

The North America thermal spray market is projected to experience substantial expansion, driven by its increasing applications in the automotive and aerospace sectors, as well as its growing use in medical devices. However, the development of hard trivalent chrome coating may pose challenges to this growth. Technological advancements in spraying methods are anticipated to offer further growth opportunities. The United States is expected to lead the market and exhibit the most rapid growth rate during the forecast period.

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Market Size of North America Thermal Spray Industry

North America Thermal Spray Market Forecast
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.00 %
Market Concentration Low

Major Players

North America Thermal Spray Market Key Players

*Disclaimer: Major Players sorted in no particular order

North America Thermal Spray Market Analysis

The North Americathermal spray market is estimated to witness a significant growth, at an estimated CAGR of over 7%, 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.
  • United States is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

North America Thermal Spray Industry Segmentation

The North America thermal spray market report includes:

Product Type
Coatings
Materials
Coating Materials
Powders
Ceramics
Metals
Polymer
Other Coating Materials
Wires/Rods
Other Coating Materials
Supplementary Material (Auxiliary Material)
Thermal Spray Equipment
Thermal Spray Coating System
Dust Collection Equipment
Spray Gun and Nozzle
Feeder Equipment
Spare Parts
Noise-reducing Enclosure
Other Thermal Spray Equipment
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
United States
Canada
Mexico
Rest of North America
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North America Thermal Spray Market Size Summary

The North America 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. The market is expected to experience a robust growth trajectory over the forecast period, despite potential challenges posed by the emergence of hard trivalent chrome coatings. Technological advancements in spraying methods are anticipated to open new avenues for market expansion. The United States is projected to lead the market, benefiting from its strong aerospace industry where thermal spray coatings are extensively utilized to enhance the durability and performance of aircraft components. These coatings are crucial in protecting engine parts from degradation due to wear, corrosion, and high temperatures, thereby extending their service life.

In addition to aerospace, the automotive industry in the United States is expected to contribute significantly to the market's growth, driven by investments from manufacturers and the potential increase in ceramic coating consumption. The industrial gas turbine sector also presents opportunities, aligning with national energy and environmental goals. The electronics market, being the largest in the United States, is set to further bolster the thermal spray market due to the integration of advanced technologies and rising consumer demand. The market is characterized by its fragmented nature, with key players such as OC Oerlikon Management AG, Saint-Gobain, Hoganas AB, Linde Plc, and Bodycote playing pivotal roles in shaping its landscape.

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North America Thermal Spray Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Thermal Spray Applications in Automotive and Aerospace Sector

      2. 1.1.2 Increased Thermal Spray Usage in Medical Devices

      3. 1.1.3 Rising Popularity of Thermal Spray Ceramic Coatings

      4. 1.1.4 Replacement of Hard Chrome Coating

    2. 1.2 Restraints

      1. 1.2.1 Emergence of Hard Trivalent Chrome Coating

      2. 1.2.2 Trust Issues Regarding Process Reliability and Consistency

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Coatings

      2. 2.1.2 Materials

        1. 2.1.2.1 Coating Materials

          1. 2.1.2.1.1 Powders

            1. 2.1.2.1.1.1 Ceramics

            2. 2.1.2.1.1.2 Metals

            3. 2.1.2.1.1.3 Polymer

            4. 2.1.2.1.1.4 Other Coating Materials

          2. 2.1.2.1.2 Wires/Rods

          3. 2.1.2.1.3 Other Coating Materials

        2. 2.1.2.2 Supplementary Material (Auxiliary Material)

      3. 2.1.3 Thermal Spray Equipment

        1. 2.1.3.1 Thermal Spray Coating System

        2. 2.1.3.2 Dust Collection Equipment

        3. 2.1.3.3 Spray Gun and Nozzle

        4. 2.1.3.4 Feeder Equipment

        5. 2.1.3.5 Spare Parts

        6. 2.1.3.6 Noise-reducing Enclosure

        7. 2.1.3.7 Other Thermal Spray Equipment

    2. 2.2 Thermal Spray Coatings and Finishes

      1. 2.2.1 Combustion

      2. 2.2.2 Electric Energy

    3. 2.3 End-user Industry

      1. 2.3.1 Aerospace

      2. 2.3.2 Industrial Gas Turbines

      3. 2.3.3 Automotive

      4. 2.3.4 Electronics

      5. 2.3.5 Oil and Gas

      6. 2.3.6 Medical Devices

      7. 2.3.7 Energy and Power

      8. 2.3.8 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 United States

      2. 2.4.2 Canada

      3. 2.4.3 Mexico

      4. 2.4.4 Rest of North America

North America Thermal Spray Market Size FAQs

The North America Thermal Spray Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

OC Oerlikon Management AG, Saint-Gobain , Hoganas AB, Linde Plc and Bodycote are the major companies operating in the North America Thermal Spray Market.

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North America Thermal Spray Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)