Thermal Spray Coatings Market will exhibit a CAGR of 7.8% between 2020 and 2027 and reach USD 17,631.2 million by 2027, and the Market value as per 2019 was USD 10,235.2 million.

Fortune Business Insights™ in a new report, titled, “Thermal Spray Coatings Market Size, Share & Industry Analysis, By Material (Ceramic, Metal & Alloy, Polymer, Intermetallic, and Others), By Technology (Flame Spray, High-Velocity Oxygen Fuel (HVOF) Spray, Electric Arc Spray, Plasma Spray, Cold Spray, and Others), By Application (Aerospace, Industrial Gas Turbine, Automotive, Medical, Paper & Printing, Oil & Gas, Steel, and Others), and Regional Forecast, 2020-2027.”

Thermal Spray Coatings Market Drivers and Restraint:
Growing Preference for Driving the Thermal Spray Coatings over Chrome Plating to Aid Growth
Strong chrome plating has been a successful solution for the industry for many years owing to its oxidation, corrosion resistance, tear, and dimensional reclamation properties. It can be implemented at a reasonable cost per surface area unit, but it does have limitations on component size, thickness build-up, and performance in operation in some situations. The growing environmental concerns and the stringent regulations enforced on the chrome plating process and disposal of its by-products, along with increased costs are driving the demand for the thermal type of spray coatings.
It has thus become important for the industry to find alternative processes that give hard chrome plating comparable characteristics but without the resulting hazards. Thermal spraying technology is slowly offering a viable alternative to this method, which may provide complementary processes for parts safety which reclamation to the chrome plating industry. The thermal coatings are much more durable than chrome plating. Additionally, chrome plating has micro-cracking within the layer of plating which allows high or low pH corrosive agents to penetrate the plating and attack the substrate. The adjacent photomicrograph can show micro-cracking.
The resistance of the thermal coatings to fatigue is much higher than that of chrome plating. Since high-velocity oxygen fuel (HVOF) coatings impart a compressive load to the substratum, component life is actually increased by resisting crack initiation against fatigue failure. Chrome plating introduces tensile loading onto the surface of the substratum which initiates crack formation and may result in premature failure. End-use industries shifting from the chrome plating to thermal spraying are anticipated to drive the growth of the market.

List of Key Players Covered in the Thermal Spray Coatings Market Report:
• Praxair S.T. Technology, Inc. (U.S.)
• Bodycote (UK)
• Oerlikon Metco (Switzerland)
• Surface Technology UK (UK)
• H.C. Starck GmbH (Germany)
• F.W. Gartner Thermal Spraying (U.S.)
• Höganäs AB (Sweden)
• Metallisation Limited (UK)
• Flame Spray SpA (Italy)
• BryCoat Inc. (U.S.)
• Carpenter Technology Corporation (U.S.)
• A&A Thermal Spray Coatings (U.S.)
• ASB Industries, Inc. (U.S.)
• Polymet Corporation (U.S.)
• TST Coatings Inc. (U.S.)
• Other Key Players

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Some of the key industry developments in the Thermal Spray Coatings Market Include:
• July 2019 – Oerlikon Metco announced the signing of an agreement to acquire AMT AG, a Swiss company that designs and constructs integrated thermal spray coating systems. The acquisition is in line with Oerlikon's strategy to concentrate and broaden its surface solution technologies while growing consumer accessibility for business applications and services.