Share this article
Share this article
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
Thermal spray substituting electroplating processes and growing demand from the aerospace industry is propelling the market growth.
emergenApril 18, 2021
The Thermal Spray Coatings report offers an industry-wide analysis of the market along with a thorough assessment of supply and demand landscape, production and consumptions ratio, sales, production capacity, gross revenue, import/export, cost analysis, profit margin, sales network, and distribution channels, along with a thorough industrial chain analysis. The Thermal Spray Coatings market report also offers an extensive analysis of the crucial market aspects such as drivers, restraints, limitations, growth prospects and opportunities, threats, and macro and micro-economic factors. The study offers readers all the crucial statistical data to help them gain maximum returns on their investments and capitalize on the emerging growth prospects.
Superior Properties Offered by Thermal Spray Coatings Market 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.
Share this article
Share this article
ResearchAndMarkets.com s offering.
The global thermal spray coatings market size is expected to reach USD 13.6 billion by 2027, expanding at a CAGR of 3.9%
Increasing demand from the aerospace, industrial gas turbines, and a few other application industries is expected to propel market growth. Moreover, the growing demand for corrosion-resistant coatings from these sectors is expected to be a key driver for the market.
Thermal spraying is used to improve or restore the surface of a solid material. It can also be used for applying coatings to a wide range of components and materials for better resistance against cavitation, wear, abrasion erosion, and heat. In addition, it is used for providing insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other properties to the coated surfaces.