Ceramic Coating for Thermal Spray Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global thermal spray market to grow at a CAGR of 8.28 % during the period 2017-2021.
According to the report, thermal spraying is known to have a low negative impact on the environment, provided proper precautions are taken during operation. Due to this, its use is encouraged by governments in developed regions such as North America and Western Europe. For instance, thermal insulating coating, used for buildings and glass materials, reduce energy costs substantially. When the building windows and external tiles are applied with thermal spray coating, the building is UV protected, and the heat is retained inside the building, eliminating any leakage. As a result, the energy bills are cut down significantly, and also aids in the reduction of the harmful impact mass energy has on the environment.
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Further, the report states that the global thermal spray market is witnessing intense competition among international, regional, and local vendors. Since the market is highly fragmented, vendors are trying to differentiate their products through price, delivery time, technical expertise, quality, and reliability. Thus, vendors are spending on R & D, distribution systems, and customer service and support to increase their market shares. This has an adverse effect on the overall profit margins of vendors in the market.
About Thermal Spray
Thermal spraying is the process of coating melted metallic or non-metallic materials on the surface. Materials are melted into a rod, wire, or powder form. They usually form a thick coating over the applied materials. Flame, arc, plasma, HVOF coating, detonation, cold, and laser sprays are the different types of thermal sprays present in the market.
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Covered in this report
The report covers the present scenario and the growth prospects of the global thermal spray market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of thermal spray products.