Global Thermal Spray Equipment Market is valued at approximately USD 374.24 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.11% over the forecast period 2023-2030. Thermal spray equipment encompasses various tools and devices utilized in thermal spraying, which is a coating method involving the heating and projection of powdered material onto a surface to form a protective or functional coating. This equipment typically involves a heat source such as a flame or electric arc, a spray gun or nozzle, and a system for supplying and propelling the coating material. The market is expected to grow due to the rising demand for lightweight materials in the automotive and aerospace sectors. Additionally, the energy and power industry's need for corrosion and wear-resistant coatings contributes to this growth. Furthermore, the electronics industry's demand for thermal spray coatings is another driving factor for market expansion.
The aerospace industry is anticipated to experience significant growth in the demand for thermal spray equipment during the forecast period. According to the International Air Transport Association (IATA) in 2022, the commercial airline industry's global revenue amounted to USD 373 billion in 2020. It witnessed substantial growth, estimated at 26.7% year-on-year, reaching USD 472 billion in 2021. The projected revenue for 2022 was expected to reach USD 658 billion. Additionally, increasing demand for thermal spray equipment in the medical devices industry and technological advancements is expected to create significant opportunities for market growth. However, issues regarding process reliability and consistency stifling market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Thermal Spray Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to China's aerospace and automotive manufacturing sectors witnessing robust growth, aligning with the country's overall economic expansion. According to the International Organization of Motor Vehicle Manufacturers (OICA) in 2022, witnessed a 3% growth in vehicle production. In 2021, the country manufactured 26.08 million units, compared to 25.23 million units in the previous year. North America is expected to grow at fastest growth rate during the forecast period, owing to strong demand from major industries such as aerospace, oil & gas, automotive, medical, and power generation. Additionally, government funding in the U.S. and Canada for innovative coating projects serves as a catalyst for market growth.
Major market player included in this report are:
- Air Products and Chemicals Inc.
- Lincotek Equipment S.p.A.
- Arzell Inc.
- ASB Industries Inc.
- Bay State Surface Technologies Inc.
- Camfil Air Pollution Control
- Castolin Eutectic
- Donaldson Company Inc.
- Flame Spray Technologies BV
- Thermion
Recent Developments in the Market:
- In December 2021, Flame Spray Technologies BV presented its innovative rGun, a rotating plasma gun thermal spray device, this gun enhances the capabilities of a regular plasma gun by allowing the connected plasma gun to rotate continuously throughout the spray operation.
Global Thermal Spray Equipment Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product Type, Process, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
- Thermal Spray Coating Systems
- Dust Collection Equipment
- Spray Guns and Nozzles
- Feeder Equipment
- Spare Parts
- Noise-reducing Enclosures
- Others
By Process:
- Combustion
- Electric Energy
By End User:
- Aerospace
- Industrial Gas Turbines
- Automotive
- Electronics
- Oil and Gas
- Medical Devices
- Energy and Power
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Thermal Spray Equipment Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Thermal Spray Equipment Market, by Product Type, 2020-2030 (USD Million)
- 1.2.3. Thermal Spray Equipment Market, by Process, 2020-2030 (USD Million)
- 1.2.4. Thermal Spray Equipment Market, by End User, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Thermal Spray Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Thermal Spray Equipment Market Dynamics
- 3.1. Thermal Spray Equipment Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Rising Application in Aerospace Industry
- 3.1.1.2. Rising Popularity of Thermal Spray Ceramic Coatings
- 3.1.1.3. Evolution in Power Generation Sector
- 3.1.2. Market Challenges
- 3.1.2.1. Issues Regarding Process Reliability and Consistency
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in medical devices industry
- 3.1.3.2. Technology advancements in thermal spray equipment
Chapter 4. Global Thermal Spray Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Thermal Spray Equipment Market, by Product Type
- 5.1. Market Snapshot
- 5.2. Global Thermal Spray Equipment Market by Product Type, Performance - Potential Analysis
- 5.3. Global Thermal Spray Equipment Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
- 5.4. Thermal Spray Equipment Market, Sub Segment Analysis
- 5.4.1. Thermal Spray Coating Systems
- 5.4.2. Dust Collection Equipment
- 5.4.3. Spray Guns and Nozzles
- 5.4.4. Feeder Equipment
- 5.4.5. Spare Parts
- 5.4.6. Noise-reducing Enclosures
- 5.4.7. Others
Chapter 6. Global Thermal Spray Equipment Market, by Process
- 6.1. Market Snapshot
- 6.2. Global Thermal Spray Equipment Market by Process, Performance - Potential Analysis
- 6.3. Global Thermal Spray Equipment Market Estimates & Forecasts by Process 2020-2030 (USD Million)
- 6.4. Thermal Spray Equipment Market, Sub Segment Analysis
- 6.4.1. Combustion
- 6.4.2. Electric Energy
Chapter 7. Global Thermal Spray Equipment Market, by End User
- 7.1. Market Snapshot
- 7.2. Global Thermal Spray Equipment Market by End User, Performance - Potential Analysis
- 7.3. Global Thermal Spray Equipment Market Estimates & Forecasts by End User 2020-2030 (USD Million)
- 7.4. Thermal Spray Equipment Market, Sub Segment Analysis
- 7.4.1. Aerospace
- 7.4.2. Industrial Gas Turbines
- 7.4.3. Automotive
- 7.4.4. Electronics
- 7.4.5. Oil and Gas
- 7.4.6. Medical Devices
- 7.4.7. Energy and Power
- 7.4.8. Others
Chapter 8. Global Thermal Spray Equipment Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Thermal Spray Equipment Market, Regional Market Snapshot
- 8.4. North America Thermal Spray Equipment Market
- 8.4.1. U.S. Thermal Spray Equipment Market
- 8.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Process breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Thermal Spray Equipment Market
- 8.5. Europe Thermal Spray Equipment Market Snapshot
- 8.5.1. U.K. Thermal Spray Equipment Market
- 8.5.2. Germany Thermal Spray Equipment Market
- 8.5.3. France Thermal Spray Equipment Market
- 8.5.4. Spain Thermal Spray Equipment Market
- 8.5.5. Italy Thermal Spray Equipment Market
- 8.5.6. Rest of Europe Thermal Spray Equipment Market
- 8.6. Asia-Pacific Thermal Spray Equipment Market Snapshot
- 8.6.1. China Thermal Spray Equipment Market
- 8.6.2. India Thermal Spray Equipment Market
- 8.6.3. Japan Thermal Spray Equipment Market
- 8.6.4. Australia Thermal Spray Equipment Market
- 8.6.5. South Korea Thermal Spray Equipment Market
- 8.6.6. Rest of Asia Pacific Thermal Spray Equipment Market
- 8.7. Latin America Thermal Spray Equipment Market Snapshot
- 8.7.1. Brazil Thermal Spray Equipment Market
- 8.7.2. Mexico Thermal Spray Equipment Market
- 8.8. Middle East & Africa Thermal Spray Equipment Market
- 8.8.1. Saudi Arabia Thermal Spray Equipment Market
- 8.8.2. South Africa Thermal Spray Equipment Market
- 8.8.3. Rest of Middle East & Africa Thermal Spray Equipment Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Air Products and Chemicals Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Lincotek Equipment S.p.A.
- 9.3.3. Arzell Inc.
- 9.3.4. ASB Industries Inc.
- 9.3.5. Bay State Surface Technologies Inc.
- 9.3.6. Camfil Air Pollution Control
- 9.3.7. Castolin Eutectic
- 9.3.8. Donaldson Company Inc.
- 9.3.9. Flame Spray Technologies BV
- 9.3.10. Thermion
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption