The Europe thermal spray market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. 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.
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
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Details
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Report Title
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Thermal Spray Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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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)
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Geographies: Europe
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Germany, United Kingdom, Italy, France, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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OC Oerlikon Management AG, Saint-Gobain, Hoganas AB, Linde Plc, and Bodycote.
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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.
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
Segments Covered in the Report
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.
