Europe Thermal Spray Market

Europe Thermal Spray Market

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Raksha

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Raksha Sharma

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Fact-checked by :

Vineet Pandey

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Editor :

Rucha Phatak

The Europe thermal spray market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.5% during 2023–2031. The growth of the market is attributed growing number of thermal spray applications in automotive and aerospace sectors.

Thermal spraying is a technology that improves or restores the surface of a solid material. The process can be used to apply coatings to a wide range of materials and components, to provide resistance to wear, erosion, cavitation, corrosion, abrasion, or heat.

Europe Thermal Spray Market Outlook

Thermal spraying is a coating processes that use a consumable as a spray, which finely divides molten or semi-molten droplets to produce a coating. At the substrate surface, the particles form splats or platelets that interlock to produce the coating.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing thermal spray usage in medical devices is one of the major drivers that is contributing to the growth of the Europe thermal spray market.

  • Thermal spray coatings can be applied without significantly heating the substrate, which is unlikely in other coating techniques. Thus, such factor is expected to augment the spray market growth.

  • The emergence of hard trivalent chrome coating can restrain the growth of the market.

  • High priced apparatus required for thermal spray can hinder the market growth.

  • The outbreak of COVID-19 has negatively impacted the Europe thermal spray market. However, the market is anticipated to recover soon.

  • Rising trend of advancements in spraying technology is expected to propel the market growth.

Scope of the Report

The report on the Europe thermal spray market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Thermal Spray Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Product Types (Coatings, Materials [Coating Materials {Powders (Ceramics, Metal, Polymer, Others), wire/rods, and others}], Supplementary Materials (Auxiliary Material), and Thermal Spray Equipment [Thermal Spray Coating Systems, Dust Collection Equipment, Spray Gun and Nozzle, Feeder Equipment, Spare Parts, Noise-reducing Enclosure, and Others]), Thermal Spray Coatings and Finishes (Combustion and Electric Energy), End-user Industries (Aerospace, Industrial Gas Turbines, Automotive, Electronics, Oil & Gas, Medical Devices, Energy & Power, and Others)

Geographies: Europe

Germany, United Kingdom, Italy, France, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

OC Oerlikon Management AG, Saint-Gobain, Hoganas AB, Linde Plc, and Bodycote.


Europe thermal spray Market Segment Insights

Thermal spray equipment segment to grow at a rapid pace

Based on product types, the market is divided into coating, materials and thermal spray equipment. The materials segment is divided into coating materials and supplementary material (auxiliary material). The coating materials segment is classified as powders, wire/rods, and others. The powders segment is segregated into ceramics, metals, polymers, and others. coating material is further divided into Powders more further divided into ceramics, metal, polymer, others.

The thermal spray equipment segment is further divided into thermal spray coating system, dust collection equipment, spray gun and nozzle, feeder equipment, spare parts, noise-reducing enclosure, others. The thermal spray equipment segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period.

Combustion segment to account a major market share

Based on thermal spray coatings and finishes, the market is divided into combustion and electrical energy. The combustion segment is anticipated to account for a major market share during the forecast period. Coatings of chromium cobalt, aluminum oxide, and chromium carbide are employed in turbine air seals, fuel nozzles, and turbine vanes, respectively. High-velocity oxy-fuel (HVOF) spray and plasma spray processes are majorly used processes in this sector, driving the market segment.

Aerospace segment to grow at a substantial rate

Based on end-user industries, the market is classified as aerospace, industrial gas turbines, automotive, electronics, oil & gas, medical devices, energy & power, and others. The aerospace segment is projected to grow substantially owing to the increasing use of thermal spray coatings to protect aircraft components and repair the old ones. They are also used in the protection of engine turbine blades and actuation systems to provide high thermal resistance and longevity.

Europe Thermal Spray Market End User

The market in Germany to exhibit a robust CAGR

On the basis of geographies, the market is segregated into Germany, United Kingdom, Italy, France, and Rest of Europe. The market in Germany is anticipated to exhibit a high CAGR owing to presence of major manufacturing bases that are engaged in aircraft and automotive industries. On the other hand, the UK is expected to grow at a steady rate in the coming years.

Segments

The Europe Thermal Spray Market has been segmented on the basis of

Product Types

  • Coatings
  • Materials
    • Coatings Materials
      • Powders
        • Ceramics
        • Metal
        • Polymer
        • Others
      • Wire/Rods
      •  Others
    • Supplementary Materials (Auxiliary Material)
  • Thermal Spray Equipment
    • Thermal Spray Coating Systems
    • Dust Collection Equipment
    • Spray Gun and Nozzle
    • Feeder Equipment
    • Spare Parts
    • Noise-reducing Enclosure
    • Others

Thermal Spray Coatings and Finishes

  • Combustion
  • Electric Energy

End-user Industry

  • Aerospace
  • Industrial Gas Turbines
  • Automotive
  • Electronics
  • Oil & Gas
  • Medical Devices
  • Energy & Power
  • Others

Geographies

  • Germany
  • United Kingdom
  • Italy
  • France
  • Rest of Europe

Key Players

  • OC Oerlikon Management AG
  • Saint-Gobain
  • Hoganas AB
  • Linde Plc
  • Bodycote

Competitive Landscape

The major players of the market are OC Oerlikon Management AG, Saint-Gobain, Hoganas AB, Linde Plc, and Bodycote.

Companies are into innovating newer technologies, and acquisition expand their market share.

Europe Thermal Spray Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Spray Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Thermal Spray Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Thermal Spray Market - Supply Chain
  4.5. Global Thermal Spray Market Forecast
     4.5.1. Thermal Spray Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Thermal Spray Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Thermal Spray Market Absolute $ Opportunity
5. Global Thermal Spray Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Thermal Spray Market Size and Volume Forecast by End Users
     5.3.1. Aerospace Industrial Gas Turbines Automotive Electronics Oil & Gas Medical Devices Energy & Power Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Thermal Spray Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Thermal Spray Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Thermal Spray Demand Share Forecast, 2019-2026
7. North America Thermal Spray Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Thermal Spray Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Thermal Spray Market Size and Volume Forecast by End Users
     7.4.1. Aerospace Industrial Gas Turbines Automotive Electronics Oil & Gas Medical Devices Energy & Power Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Thermal Spray Demand Share Forecast, 2019-2026
8. Latin America Thermal Spray Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Thermal Spray Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Thermal Spray Market Size and Volume Forecast by End Users
     8.4.1. Aerospace Industrial Gas Turbines Automotive Electronics Oil & Gas Medical Devices Energy & Power Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Thermal Spray Demand Share Forecast, 2019-2026
9. Europe Thermal Spray Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Thermal Spray Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Thermal Spray Market Size and Volume Forecast by End Users
     9.4.1. Aerospace Industrial Gas Turbines Automotive Electronics Oil & Gas Medical Devices Energy & Power Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Thermal Spray Demand Share Forecast, 2019-2026
10. Asia Pacific Thermal Spray Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Thermal Spray Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Thermal Spray Market Size and Volume Forecast by End Users
     10.4.1. Aerospace Industrial Gas Turbines Automotive Electronics Oil & Gas Medical Devices Energy & Power Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Thermal Spray Demand Share Forecast, 2019-2026
11. Middle East & Africa Thermal Spray Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Thermal Spray Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Thermal Spray Market Size and Volume Forecast by End Users
     11.4.1. Aerospace Industrial Gas Turbines Automotive Electronics Oil & Gas Medical Devices Energy & Power Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Thermal Spray Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Thermal Spray Market: Market Share Analysis
  12.2. Thermal Spray Distributors and Customers
  12.3. Thermal Spray Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. OC Oerlikon Management AG Saint-Gobain Hoganas AB Linde Plc Bodycote

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