Thermal Spray Powder Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Thermal Spray Powder Market Analysis
The market for thermal spray powder is anticipated to register a CAGR of over 7% during the forecast period. Some of the major factors driving the growth of the market studied are the increasing demand for higher performance customized alloy powders, increasing prominence for plasma spray coatings, and extensive consumption of thermal sprayed tungsten-cobalt (WC-Co) coatings.
- Issues regarding process reliability and consistency and rising popularity of thermal spray ceramic coatings are expected to hinder the market's growth.
- Industrial scale production of environmental barrier coatings (EBC) thermal spray powders are projected to act as an opportunity for the market in the future.
- Aerospace sector is expected to dominate the market demand. North America is expected to lead the regional market share.
Thermal Spray Powder Market Trends
This section covers the major market trends shaping the Thermal Spray Powder Market according to our research experts:
Increasing Demand from the Aerospace Industry
- Ceramic powders, such as tungsten carbide and chrome carbide, are used as thermal barrier coatings in the aerospace and aviation sector, to protect components against intense heat and wear. In the aerospace sector, thermal spray powders are extensively used as the protective coatings of aircraft components and to repair the old ones. They are used in the protection of engine turbine blades and actuation systems, to provide high thermal resistance and longevity.
- Thermal spray powder coatings are largely employed for several purposes in jet engine components, such as crank shafts, piston rings, cylinders, valves, and so on. In addition, they are also applied in the coating of landing gear (bearings and axles inside the landing gear) to withstand the forces during landing and take-off.
- The aircraft production industry is booming in the Asia-Pacific and South American regions. Countries, such as China and India, are witnessing growth in the aircraft passenger travel rate, owing to the rising consumer incomes and increasing airport infrastructure network.
- The air travel passenger fleet in the Asia-Pacific region is expected to rise by 5.7%, while the aircraft fleet is expected to increase at a rate of 4.8% during the forecast period. The total aircraft fleet is expected to reach to a number of 17,520 by 2036. Similarly, the Latin American and Middle Eastern regions are also expected to witness significant growth rates of 4.4% and 5.1%, respectively, between 2017 and 2036. With increasing aircraft fleet, the repair and maintenance of aircraft also increases YoY.
- All the aforementioned factors are expected to drive the market during the forecast period.
North America region to Dominate the Market
- The North American region dominated the market share. The United States is the second-largest producer of automotive in the world.
- The aerospace industry in United States is also thriving, owing to the strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in the United States.
- The manufacturing industry of Canada is also expected to thrive during the forecast period, owing to the increasing business investment, government expenditure, and consumer spending.
- The aerospace industry of Canada is also witnessing strong growth. The country is the third-largest in terms of civil aircraft production, along with being second in business aircraft production and third in helicopter production, around the world.
- Owing to the rise of these end-user industries in the United States and Canada, North America is projected to dominate the market during the forecast period.
Thermal Spray Powder Industry Overview
The thermal spray powder market is fragmented, withmany of the major players currently dominate the market. Key players in the thermal spray powder market include Hoganas AB, Linde plc, Treibacher Industrie AG, HC Starck GmbH, and Plasma Powders & Systems Inc., among others.
Thermal Spray Powder Market Leaders
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Höganäs AB
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H.C. Starck GmbH
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Linde plc
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Treibacher Industrie AG
*Disclaimer: Major Players sorted in no particular order
Thermal Spray Powder Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand for Higher Performance Customized Alloy Powders
- 4.1.2 Extensive Consumption of Thermal Sprayed Tungsten-cobalt (WC-Co) Coatings
- 4.1.3 Extensive Consumption in Anti-corrosion Applications
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4.2 Restraints
- 4.2.1 Issues Regarding Process Reliability and Consistency
- 4.2.2 Rising Popularity of Thermal Spray Ceramic Coatings
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Powder Type
- 5.1.1 Tungsten Carbide
- 5.1.2 Molybdenum
- 5.1.3 Chrome Carbide
- 5.1.4 Other Powder Types
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5.2 End-user Industry
- 5.2.1 Aerospace
- 5.2.2 Automotive
- 5.2.3 Industrial Gas Turbines
- 5.2.4 Oil & Gas
- 5.2.5 Power
- 5.2.6 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Venezuela
- 5.3.4.4 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 United Arab Emirates
- 5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 5iTech, LLC
- 6.4.2 Aimtek, Inc.
- 6.4.3 CRS Holdings Inc.
- 6.4.4 Global Tungsten & Powders
- 6.4.5 Höganäs AB
- 6.4.6 Kennametl Stellite
- 6.4.7 Plasma Powders & Systems Inc.
- 6.4.8 Powder Alloy Corporation
- 6.4.9 Linde plc
- 6.4.10 The Fisher Barton Group
- 6.4.11 Polymet Corporation
- 6.4.12 Treibacher Industrie AG
- 6.4.13 C&M Technologies GmbH
- 6.4.14 HC Starck GmbH
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Industrial Scale Production of Environmental Barrier Coatings (EBC) Thermal Spray Powders
- 7.2 Robust Hydrophobic Surfaces from Suspension HVOF Thermal Sprayed Rare-Earth Oxide Ceramics Coatings
- 7.3 Current Progress in Solution Precursor Plasma Spraying of Cermets
Thermal Spray Powder Industry Segmentation
The thermal spray powder market report includes:
| Powder Type | Tungsten Carbide | |
| Molybdenum | ||
| Chrome Carbide | ||
| Other Powder Types | ||
| End-user Industry | Aerospace | |
| Automotive | ||
| Industrial Gas Turbines | ||
| Oil & Gas | ||
| Power | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Venezuela | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| United Arab Emirates | ||
| Rest of Middle-East and Africa |
Thermal Spray Powder Market Research FAQs
What is the current Thermal Spray Powder Market size?
The Thermal Spray Powder Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Thermal Spray Powder Market?
Höganäs AB, H.C. Starck GmbH, Linde plc and Treibacher Industrie AG are the major companies operating in the Thermal Spray Powder Market.
Which is the fastest growing region in Thermal Spray Powder Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Thermal Spray Powder Market?
In 2024, the North America accounts for the largest market share in Thermal Spray Powder Market.
What years does this Thermal Spray Powder Market cover?
The report covers the Thermal Spray Powder Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thermal Spray Powder Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Thermal Spray Powder Industry Report
Statistics for the 2024 Thermal Spray Powder market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thermal Spray Powder analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
