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 .