Thermal Spray Market size is forecast to reach $14.2 billion by 2025, after growing at a CAGR of 6.9% during 2020-2025. The growing demand from aerospace and medical device industries, increasing usage of thermal spray ceramic coatings, and the replacement of hard chrome coatings by thermal spray coatings. However, with the development and emergence of hard trivalent chrome coatings in recent years, the overall demand for the thermal spray is expected to increase from year 2022 to 2025.

Key Takeaways
Recently, various new methods have now been developed to recycle thermal spray processing materials. This acts as one of the major opportunities for the growth of the market.
Owning to the high demand from the various end-user industries, North America is dominating the thermal spray market globally.
By Raw Materials - Segment Analysis
Based on raw material, the thermal spray coatings market is segmented into ceramics, metal and alloys, abradable, polymers and others. The ceramics segment is projected to lead the market during the forecast period. Owning to its cost-effective and specific properties such as thermal resistance and corrosion resistance, ceramics material is highly consumed. These factors are expected to drive the ceramics.

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Geography - Segment Analysis
North America held the leading market share in 2019 and is expected to continue its dominance during the forecast period. The aerospace market in U.S. is getting declined as aerospace industry have been shut down due to the impact of COVID-19 in 2020, but in 2021, the aerospace industry can catchup its pace steadily and can be seen with high growth in forecast period. Due to this, major aerospace companies in Mexico is expected to fuel the regional demand for thermal spray coatings.


Drivers – Thermal Spray Market


Growing demand from the healthcare industry


Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Thermal Spray market.Thermal Spray Market top 10 companies Praxair Surface Technologies, Inc,  BodyCote, Oerlikon Metco, Surface Technology, H.C Starck GmbH, F.W. Gartner Thermal Spraying, Arc Spray (Pty) Ltd, Metallisation Limited, Plasma-Tec, Inc., C&M Technologies GmbH, AMETEK Inc., Flame Spray SpA, BryCoat Inc., and Thermal Spray Technologies, Inc. (tst), among others.


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