Market Research Global Thermal Spray Equiment Market Analysis 2018

The global thermal spray equipment market is expected to witness a CAGR of approximately 6.4% during
the forecasted period. The major factor driving the market is the increasing usage from power
generation applications and the growing demand from Asia-Pacific and GCC.
Increasing Usage in Power Generation
The power generation process constitutes of steam generators, turbines, and pumps that handle steam
and water. This requires various control, safety, and shut-off systems. The main area of wear is in steam
and water valves, which experience high-pressure steam, high temperatures, and metal-to-metal wear
at seating areas. The valve seats and spindles also need to inhibit oxidation on the surface, which
otherwise can cause sticking. Thermal spray coatings prevent corrosion, high-temperature oxidation,
wearing, and other daily challenges. This results in decreased downtime, lower replacement costs, and
increased lifespan of components. Therefore, the increasing applications in the power generation
industry are expected to drive the demand for thermal spray equipment during the forecast period.
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Aerospace Industry Dominates the Market
In the aerospace sector, thermal spray coatings are used as protective coatings in newly manufactured
aircraft components and in the repair of the older ones. In newer components, they are mainly used to
coat landing gear equipment and turbine blades. The major types of thermal spray equipment systems
used in these coatings include - high-velocity oxy-fuel coating spraying (HVOF), electric arc and plasma
systems. With the growth of the aerospace industry, the market studied is likely to benefit.
North America - The Most Dominating Region
North America is expected to witness the highest demand for thermal spray equipment during the
forecast period. This growth can be attributed to the growing construction & automotive industry in the
region. Thermal spray applications are poised for growth in the United States. Atomization is the most
common method in the powder manufacturing process, for producing metal and pre-alloyed powders,
or powders consisting of two or more alloyed elements. Additionally, the end users of automotive and
construction industries in Mexico are expected to augment the growth of the market during the forecast
period.
Major Players: Artec, ASB Industries, Donaldson Companies Inc., Genie Products, and Metallisation Ltd,
amongst others.
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thermal-spray-equiment-market-segmented-by-product-type-end-user-industry-process-material-
and-geography-growth-trends-and-forecast-2018-2023
Reason to Purchase this Report
Analyze various perspectives of the market, with the help of Porters five forces analysis.
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The countries that are expected to witness the fastest growth during the forecast period.