increasing demand in aerospace industry is driving the Thermal Spray Materials Market
Technavio analyzes that the Thermal Spray Materials Market is expected to grow at a CAGR of 8.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5258.2 million.There are various factors that contribute to the growth of the market. The thermal spray materials market is experiencing significant growth, driven primarily by the increasing demand in the aerospace industry. Thermal spraying technology is extensively utilized in the aerospace sector for applications such as engine components, fuel nozzles, and protective coatings. The durability, high temperature resistance, and corrosion resistance offered by thermal spray materials make them an ideal choice for the aerospace industry's rigorous requirements. As a result, the market for thermal spray materials is projected to expand at a robust pace in the coming years.
In the realm of surface engineering, thermal spraying stands out as a prominent process for applying metal coatings onto various substrates. This technique enhances the surface properties of objects, offering benefits such as corrosion protection, wear resistance, and improved thermal conductivity for ferrous metals. The metals and alloys segment of the thermal spray materials market is expected to thrive due to the widespread use of pure metal alloy coating materials. Notable examples include Zinc, Bronze, Stainless Steel, Titanium, and Nichrome, as well as Nickel-Aluminum alloys. These materials are indispensable in advanced coatings that shield against high-temperature wear and oxidation, as well as in simpler applications to facilitate repair processes. The growth of this segment can be attributed to its applications in diverse industries, such as energy generation, anode manufacturing, implantable surgeries, and hard chrome plating.
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Thermal Spray Materials Market Segmentation
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The Thermal Spray Materials Market encompasses advanced materials with superior heat resistance and corrosion protection, suitable for various industries. Surface characterization and nanotechnology coatings, including dental and medical device applications, are key areas of focus. Material science and surface modification, such as nickel plating and coating deposition, are essential for enhancing biocompatibility and tribology in biomedical engineering. Advanced coatings, including polymer, titanium, and composite types, offer benefits like erosion resistance, hardfacing, and wear resistance for engineering materials. Coating applications extend to industrial safety, fossil fuels, and additive manufacturing, with nanotechnology playing a significant role in enhancing coating performance. Thermal spray technology is also crucial in high-friction areas, such as orthopedic implants and cavitation resistance coatings.
The Thermal Spray Materials Market is a significant segment of the global specialty chemicals industry, encompassing businesses specializing in high-value-add chemicals for thermal spray applications. Key product offerings include those designed for medical implants, such as hydrophobic, anti-allergic, and corrosion-resistant coatings, as well as those used in heat treatment, anodizing, erosion protection, friction reduction, and sacrificial wear. Market expansion will be fueled by increasing demand for specialized adhesives and sealants, as well as the growing need for advanced coatings in industries like medical, aerospace, and automotive. Technavio projects the global specialty chemicals market, including thermal spray materials, to grow substantially due to these and other emerging trends.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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