Global Thermal Spray Coatings Market, June 2021 Report On Size and Growth 2021, CAGR Value, Top Players with Share and Revenues, Industry Trends, Business Strategies and Challenges till 2030

In a recently published report, Global Thermal Spray Coatings Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Thermal Spray Coatings Market products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global Thermal Spray Coatings Market is valued approximately USD 10.48 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2019-2026. Major factors responsible for high CAGR includes rising demand from industrial gas turbines and increasing adoption of thermal spray coatings over hard chrome coatings is expected to augment growth to global thermal spray coatings market over the forecast years. Thermal sprayed coatings are being increasingly used in landing gears of aircrafts as these coatings provide exceptional wear and tear resistance in application. Production of hard chromium plating produces carcinogenic byproduct, hexavalent chromium. The industries manufacturing these hard chromium plating is regulated under certain environmental and occupational framework which is expected to become more stringent during the forecast period stimulating the market for thermal spray coatings.

The regional analysis of global thermal spray coatings market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising demand of Thermal Spray Coatings in end-user industries. Europe also contributes a satisfactory growth in the global thermal spray coatings market due to increasing demand of renewable energy. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026 due to growth in end-user industries including energy sector in developing countries such as India, China and Japan.

The major market player included in this report are:
Bodycote
Praxair Surface Technologies, Inc.
Surface Technology
Oerlikon Metco
Flame Spray Coating Company
H.C. Starck GmbH
Thermal Spray Technologies, Inc. (TST)
General Magnaplate Corporation
A&A Coatings
ASB Industries, Inc.
Plasma-Tec, Inc.

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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 Process:

Electrical
Combustion-flame

By Material:

Metals and Alloys
Ceramics
Others

By End-Use Industry:

Automotive
Aerospace
Healthcare
Energy and Power
Electronics
Agricultural Machinery
Other
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Thermal Spray Coatings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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