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SAN FRANCISCO, April 20, 2021 /PRNewswire/ The global thermal spray coatings market size is projected to
reach USD 14.1 billion by 2028, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. The global market is anticipated to be driven by the increasing product application scope owing to advantages, such as wear and corrosion protection, low toxic gas emissions, thickness capability, and electrical resistance.
Key suggestions from the report:
The aerospace application segment dominated the market with a revenue share of 32.2% in 2020
The high growth is attributed to the wide product usage in aerospace applications as it helps reduce the high-temperature effects on components and increase their lifespan
3D Metal Printing Market Segmentation, Parameters and Prospects 2021 to 2027 Market Research Report sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Operator
Good morning, and welcome to the Carpenter Technology Corporation Second Quarter 2021 Fiscal Conference Call. [Operator Instructions] [Operator Instructions].
Now I d like to turn the conference over to Mr. Brad Edwards, Investor Relations. Please go ahead.
Brad Edwards
Investor Relations
Thank you, operator. Good morning, everyone, and welcome to the Carpenter Technology earnings conference call for the fiscal 2021 second quarter ended December 31, 2020. This call is also being broadcast over the Internet along with presentation slides. Please note, for those of you listening by phone, you may experience a time delay in slide movement. Speakers on the call today are Tony Thene, President and Chief Executive Officer; and Tim Lain, Senior Vice President and Chief Financial Officer. Statements made by management during this earnings presentation that are forward-looking statements are based on current expectations.