The market for thermal spray coatings is expected to register a significant growth during the forecast period, 2018 to 2023. This significant growth in the market is primarily driven by rising popularity of thermal spray ceramics coatings globally.
Thermal spray ceramic coating technologies are used to offer various types of protection in the form of coatings to a wide range of industrial components. Owing to their ability to reduce or prevent wear and tear of components caused by erosion, abrasion, corrosion, manage thermal or electrical conductivity and other key properties, they are being increasingly used in numerous industrial and commercial sectors, such as automotive, aerospace, construction, and oil and gas.
Additionally, thermal spray ceramic coatings are primarily applied using the plasma-spraying process, owing to their generally high melting temperatures and low thermal conductivity. This makes them suitable for usage for specialized applications that require the materials to withstand forces at high temperatures.
Also increasing demand for gas turbines in the oil & gas industry for offshore exploration are driving the market for industrial gas turbines in turn providing a positive outlook for the thermal spray coatings market.
In the aerospace sector, thermal spray coatings are extensively used as protective coatings to protect aircraft components and repair the old ones. Asia-Pacific and Middle East & Africa regions are expected to witness rapid expansion in the aviation sector owing to rising consumer incomes and investments in transportation infrastructure in near future.
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