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Flourishing Automotive Sector to Aid in Growth of Thermal Spray Materials Market

Witnessing a 7.4% CAGR during the forecast period (2019u20132024), the thermal spray materials market is predicted to reach $2,869.2 million by 2024, from $1,860.8 million in 2018. Growing demand for thermal sprays in biomedical devices, aircraft, and automobiles are driving the market. The coating material available in a wire/rod or powered form, which is applied on different components at a high temperature to provide protection against wear and tear, corrosion, erosion, and other damages, is termed as thermal spray material.

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Flourishing Automotive Sector to Aid in Growth of Thermal Spray Materials Market

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  1. Thermal Spray Market Dental Adhesives and Sealants Market Analysis with Key Players, Applications, Trends and Forecasts by 2024 frf

  2. Thermal Spray Market 2019: Report Highlights The Competitive Scenario With Impact Of Drivers And Challenges 2024 Thermal spraying is a technology in which a high-temperature heat source is used to melt and accelerate micron-sized ceramics, metals or alloy particles to build a protective coating over industrial machine surface. Molten or partially molten particles spread over the surface of the component until several layers of coating are fabricated. These coatings provide resistance against degradation caused by erosion, corrosion and high temperature. The effectiveness and versatility of these coatings have increased their use in diverse industrial applications in aerospace, automotive, industrial gas turbines, energy and power, electronics, oil and gas, healthcare devices and forestry. Browse a overview of this report @ https://www.psmarketresearch.com/market-analysis/thermal- spray-market The global thermal spray market is expected to showcase a significant growth during the forecast period (2017-2024). This market growth can be attributed to the increasing use of thermal spray coating technologies in the aerospace industry. Another factor which is primarily driving the growth of the market includes the use of these technologies in the healthcare industry. Thermal spray coatings are proven to be effective in improving the bio-compatibility and wear-resistance and providing shielding for biomedical equipment. Additionally, for strong and durable anchoring of orthopaedic implants, such as artificial hip joints, surface finish is of great importance. All these factors are responsible for the exponential growth of the market during the forecast period. The key trend observed in the study includes the extensive use of thermal spray coating system in the aerospace industry. Thermal spray technology is being adopted by The Boeing Co. since 1968. The company continued to develop thermal spray technology by collaborating with the Hard Chromium Alternative Team activities in the 1900s. As a result, Boeing led the aerospace 2 © P&S Market Research. All rights reserved

  3. Thermal Spray Market 2019: Report Highlights The Competitive Scenario With Impact Of Drivers And Challenges 2024 industry in adapting and utilizing thermal spray technologies as an alternative for hard chromium plating on numerous structural components used in landing gears. Get a free sample copy of this report @ https://www.psmarketresearch.com/market- analysis/thermal-spray-market/report-sample The major drivers observed in the study include the extensive use of thermal spray technologies in aerospace and automotive industries. The need of designing the next-generation of 3 © P&S Market Research. All rights reserved

  4. Thermal Spray Market 2019: Report Highlights The Competitive Scenario With Impact Of Drivers And Challenges 2024 environment-friendly and damage-tolerant aircraft effectively can only be achieved by using thermal spray coatings technologies currently. Additionally, in the healthcare industry, thermal spray plays a vital role. The medical implants with the help of these technologies can now be sprayed with porous coatings that encourage the ingrowth of bone, thus enabling implant fixation and minimizing the need for traditional bone cement and screws. The major players in the thermal spray market are adopting significant competitive strategies such as merger, acquisitions and joint ventures to hold a competitive stance in the global market. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: P&S Intelligence Toll-free: +1-888-778-7886 (USA/Canada) International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com 4 © P&S Market Research. All rights reserved

  5. Thermal Spray Market 2019: Report Highlights The Competitive Scenario With Impact Of Drivers And Challenges 2024 Disclaimer: P&S Intelligence always keeps customers interest at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. P&S Intelligence does not endorse any product, service or vendor depicted in its research publications. All intellectual property, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service, report or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including and not limited to, all forms of optical-based media, magnetic, electronic, or digital without a written permission from P&S Intelligence. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 5 © P&S Market Research. All rights reserved

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