Global Thermal Spray Market
Thermal Spray Market

Report ID: SQMIG15E2840

sales@skyquestt.com
USA +1 351-333-4748

Thermal Spray Market Size, Share, and Growth Analysis

Global Thermal Spray Market

Thermal Spray Market Size, Share & Trends Analysis Report, By Material (Metals, Ceramics, Intermetallic, Polymers, Carbides, Abradable, Others), By Technology, By Application, By Region, And Segment Forecast, 2026-2033


Report ID: SQMIG15E2840 | Region: Global | Published Date: August, 2025
Pages: 182 |Tables: 100 |Figures: 76

Format - word format excel data power point presentation

Thermal Spray Market Insights

Global Thermal Spray Market size was valued at USD 11.77 Billion in 2024 and is poised to grow from USD 12.37 Billion in 2025 to USD 18.42 Billion by 2033, growing at a CAGR of 5.1% during the forecast period (2026–2033).

High demand for thermal sprays in aerospace and automotive industries, rapid industrialization, growing investments in infrastructure development, and advancements in thermal spray processes are expected to bolster the market development in the long run.

The aerospace sector is a key driver of the thermal spray market, where coatings are extensively used to enhance wear resistance, thermal protection, and corrosion resistance of critical components. Automotive manufacturers are increasingly adopting thermal spray coatings to improve engine performance, reduce emissions, and enhance durability. Global infrastructure expansion and industrialization are boosting demand for thermal spray coatings across sectors such as construction, mining, and heavy machinery. The power generation sector is a major consumer of thermal spray coatings, particularly in gas turbines, boilers, and other high-temperature equipment. Innovations in material science and advancements in thermal spray processes are also expected to bolster the thermal spray market growth over the coming years.

However, high operational costs, health and environmental concerns, complexity of procedures, availability of alternative thermal coating technologies, and technical limitations, are expected to impede the thermal spray market penetration across the study period and beyond.

What is the Impact of Automation on Thermal spray Adoption?

Automation and robotics are transforming the thermal spray industry by improving process accuracy, consistency, and efficiency. Automated spray systems reduce human error, ensure uniform coating thickness, and minimize waste. Robotics enable thermal spray applications on complex geometries and in high-volume production environments, particularly in aerospace, automotive, and power generation. Integration with digital monitoring, AI, and IoT platforms allows real-time process control and predictive maintenance, further enhancing reliability. This trend reduces costs, improves productivity, and makes thermal spray more competitive compared to alternative technologies. As industries embrace Industry 4.0, robotic and automated thermal spray systems are gaining widespread adoption.

Market snapshot - 2026-2033

Global Market Size

USD 11.2 billion

Largest Segment

Ceramics

Fastest Growth

Carbides

Growth Rate

5.1% CAGR

Global Thermal Spray Market 2026-2033 ($ Bn)
Country Share for North America Region 2025 (%)

To get more insights on this market click here to Request a Free Sample Report

Thermal Spray Market Segments Analysis

Global thermal spray market is segmented by material, technology, application, and region. Based on material, the market is segmented into metals, ceramics, intermetallic, polymers, carbides, abradable, and others. Based on technology, the market is segmented into cold spray, flame spray, plasma spray, HVOF, electric arc spray, and others. Based on application, the market is segmented into aerospace, industrial gas turbine, automotive, medical, printing, oil & gas, steel, pulp & paper, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Which Material is Expected to Lead The Demand for Thermal spray?

The ceramics segment is expected to hold a major thermal spray market share going forward. Extensive use of ceramics in aerospace, power generation, and industrial machinery is projected to help this segment hold sway over others. Versatility of thermal spray on ceramics in handling extreme operating environments ensures broad applicability and consistent demand.

The carbides segment is slated to emerge as the fastest expanding segment as per this thermal spray industry analysis. Exceptional hardness and wear resistance offered by carbides is helping boost their adoption around the world. High-velocity oxy-fuel (HVOF) spraying of tungsten carbide is especially popular for pumps, valves, and drilling equipment.

Where are Most Thermal Spray Solutions Used?

The aerospace segment is estimated to spearhead the global thermal spray market revenue generation in the future. Need for high-performance coatings to enhance durability, wear resistance, and thermal protection in aircraft is helping this segment maintain its lead on a global level. . Strict quality and safety standards ensure steady adoption, while growing demand for fleet modernization and defense applications further reinforces dominance.

Meanwhile, the demand for thermal spray in medical segment is slated to rise at a healthy CAGR over the coming years. Advances in bio-functional coatings and precision spray technologies in healthcare and medical device manufacturing are creating new opportunities for market players.

Global Thermal Spray Market By Material 2026-2033

To get detailed segments analysis, Request a Free Sample Report

Thermal Spray Market Regional Insights

Why do Thermal Spray Providers Invest in North America?

Presence of robust aerospace, defense, and automotive industries and their extensive use of coatings are helping North America lead global thermal spray demand in the future. High adoption of automation, strong investments in R&D, and growing demand for high-performance coatings are helping this region cement its dominance over the coming years. Strict quality standards and advanced manufacturing ecosystems cement North America’s position as the leading global thermal spray market.

Thermal Spray Market in United States

Ongoing R&D in cold spray and plasma spray technologies, coupled with growing investments in renewable energy are helping bolster the dominance of United States in this region. Presence of advanced aerospace, defense, automotive, and healthcare sectors are also estimated to help the country lead revenue generation in North America through 2032 and beyond.

Thermal Spray Market in Canada

Use of thermal spray in power generation, oil and gas, and aerospace industries is governing revenue generation in Canada. Aerospace manufacturing clusters in Quebec and Ontario are slated to influence the sales of thermal spray products in the country. With increasing infrastructure investments and modernization of energy systems, Canada’s demand for thermal spray technologies continues to strengthen steadily. Canada benefits from cross-border collaboration with the United States, enabling access to advanced technologies and expertise.

What Attracts Thermal Spray Providers to Asia Pacific?

Rapid industrialization, presence of an established automotive industry, and high investments in infrastructure development are positioning Asia Pacific as a highly opportune region for thermal spray companies in the future. Rising renewable energy investments, combined with high demand for durable coatings in heavy industries are also slated to boost revenue generation through 2032. Government initiatives promoting advanced manufacturing and local production are slated to ensure sustained demand for thermal spray solutions in the region over the coming years.

Thermal Spray Market in Japan

High emphasis on precision engineering and innovation in materials science are forecasted to govern the sales of thermal spray in Japan. Robust investments in industrial modernization, expansion of renewable energy infrastructure, and advanced R&D capabilities ensure sustained demand for thermal spray solutions in the country. Strong R&D capabilities and integration of robotics and automation in coating processes give Japan a competitive edge over other markets in the Asia Pacific region.

Thermal Spray Market in South Korea

Presence of robust shipbuilding, automotive, and electronics industries is influencing the sales of thermal spray in South Korea. The government’s push toward advanced manufacturing, renewable energy, and eco-friendly technologies are also creating new opportunities for innovation. Surge in demand for demand for high-performance, lightweight materials in aerospace and defense are slated to support the adoption of advanced spray technologies in South Korea going forward.

What Makes Europe an investment-worthy Market for Thermal Spray Providers?

Rapid evolution of the automotive and energy industries is slated to boost the adoption of thermal spray solutions in Europe. EU regulations promoting sustainability and durability are projected to bolster the demand for eco-friendly thermal spray solutions. Adoption of advanced thermal spray coatings is expected to be high in the medical industry of this region. Emphasis on innovation and R&D positions the region as a steadily expanding yet opportune market for thermal spray companies.

Thermal Spray Market in United Kingdom

Demand for thermal spray solutions in the country is expected to be spearheaded by the aerospace sector. Extensive use of thermal spray coatings to ensure aircraft engine durability and performance under extreme conditions is helping drive revenue for thermal spray companies operating in the United Kingdom. Expanding healthcare industry, growing investments in renewable energy infrastructure, and high emphasis on corrosion protection are slated to create new business scope in the country going forward.

Thermal Spray Market in Germany

The extensive use of thermal spray coatings in engines, turbines, and industrial machinery to improve wear and corrosion resistance is primarily driving thermal spray demand in Germany. High investments in renewable energy generation projects are also slated to create new opportunities for thermal spray providers. With advanced engineering expertise and a strong manufacturing base, Germany remains a central hub for thermal spray development and adoption.

Thermal Spray Market in France

Robust aerospace and defense sectors are primarily influencing the demand for thermal spray in France. The country’s energy sector, including nuclear and renewable power, relies on thermal spray for equipment longevity and efficiency. Government-backed initiatives promoting industrial innovation and sustainability further encourage adoption. With a combination of advanced R&D, strong industrial presence, and a focus on high-performance applications, France remains a vital European market for thermal spray companies.

Global Thermal Spray Market By Region, 2026-2033
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Thermal Spray Market Dynamics

Thermal Spray Market Drivers

Technological Advancements in Thermal Spray Processes

  • Growing investments in R&D of novel coating technologies has resulted in significant advances for thermal spray companies. Plasma spray, high-velocity oxy-fuel (HVOF), cold spray, and detonation gun techniques are some key advancements shaping the future of thermal spray adoption. Growing integration of automation and robotics are also expected to bolster the thermal spray market outlook in the future thereby making advancements highly crucial for all companies.

Use of Thermal spray in Medical Devices

  • Surge in demand for medical devices around the world is expected to benefit the adoption of thermal spray owing to their extensive use in orthopedic implants, dental tools, and surgical instruments. High emphasis on improving biocompatibility of medical devices is also creating new opportunities for thermal spray companies. Rising healthcare expenditures, aging populations, and growing demand for joint replacements are slated to uplift the demand for thermal spray solutions in the long run.

Thermal Spray Market Restraints

Availability of Alternative Coating Technologies

  • The industry is rife with alternative coating methods such as physical vapor deposition (PVD), chemical vapor deposition (CVD), laser cladding, and hard chrome plating. Smoother finishes, lower costs, and thinner coatings offered by these alternative processes are expected to slow down the demand for thermal spray solutions going forward. Unless thermal spray continues to differentiate itself through superior durability and versatility, its demand is expected to wane off through 2032 and beyond.

Technical Limitations and Process Complexity

  • Difficulty achieving uniform coatings on complex geometries and limited bonding strength on specific substrates are key limitations of thermal spray processes. The need for post-processing to achieve desired surface finishes also increases costs and time for finished products. These technical complexities reduce the adoption of thermal spray solutions in industries seeking quick and cost-efficient coating methods.

Request Free Customization of this report to help us to meet your business objectives.

Thermal Spray Market Competitive Landscape

Developing sustainable and advanced thermal spray solutions is expected to be a key strategy for companies looking to maximize their business. Aerospace and automotive industries are forecasted to spearhead the demand for high-performance thermal spray as per this thermal spray market analysis in the future.

Top Player’s Company Profiles

  • OC Oerlikon Management AG (Switzerland)
  • Kennametal Inc. (USA)
  • Chromalloy Gas Turbine LLC (USA)
  • Bodycote plc (UK)
  • Linde plc (Ireland)
  • Saint-Gobain S.A. (France)
  • Sandvik AB (Sweden)
  • Curtiss-Wright Corporation (USA)
  • Castolin Eutectic GmbH (Germany)
  • Höganäs AB (Sweden)
  • H.C. Starck Inc. (USA)
  • Flame-Spray Industries, Inc. (USA)
  • Praxair Surface Technologies, Inc. (USA)
  • Carpenter Technology Corporation (USA)
  • Fujimi Incorporated (Japan)
  • Durum Verschleiss-Schutz GmbH (Germany)
  • Montreal Carbide Co. Ltd (Canada)
  • GTV Verschleißschutz GmbH (Germany)
  • Genie Products, Inc. (USA)
  • Imperial Systems, Inc. (USA)

Recent Developments in Thermal Spray Market

  • In July 2025, Oerlikon Metco, a renowned materials and industrial organization launched its new thermal spray platform with enhanced capacity and automation capabilities. Surface Two™ supports parts up to Ø2000 mm and 1500 mm in height, with handling options up to 5000 kg.
  • In December 2024, Wall Colmonoy Corporation, a leading provider of engineered materials announced the launch of its WallCarb™ HVOF Tungsten Carbide Powders designed for thermal spray applications. WallCarb™ HVOF Powders are ideal for industries such as oil and gas, mining, steel, and power generation.

Thermal Spray Key Market Trends

Thermal Spray Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, growing use in automotive and transportation industries and advancements in coating formulations are projected to create new opportunities for thermal spray companies going forward. However, technical challenges in application and volatility in raw material pricing are slated to be key restraints for thermal spray market growth in the future. Asia Pacific region is expected to spearhead the global thermal spray demand owing to the presence of key providers and end users of thermal spray in this region. The development of sustainable and smart thermal spray is projected to be the prime focus of almost all companies as per the thermal spray market analysis.

Report Metric Details
Market size value in 2024 USD 11.77 Billion
Market size value in 2033 USD 18.42 Billion
Growth Rate 5.1%
Base year 2024
Forecast period 2026-2033
Forecast Unit (Value) USD Billion
Segments covered
  • Material
    • Metals, Ceramics, Intermetallic, Polymers, Carbides, Abradable and Others
  • Application
    • Aerospace, Industrial Gas Turbine, Automotive, Medical, Printing, Oil & Gas, Steel, Pulp & Paper and Others
  • Technology
    • Cold Spray, Flame Spray, Plasma Spray, HVOF, Electric Arc Spray and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • OC Oerlikon Management AG (Switzerland)
  • Kennametal Inc. (USA)
  • Chromalloy Gas Turbine LLC (USA)
  • Bodycote plc (UK)
  • Linde plc (Ireland)
  • Saint-Gobain S.A. (France)
  • Sandvik AB (Sweden)
  • Curtiss-Wright Corporation (USA)
  • Castolin Eutectic GmbH (Germany)
  • Höganäs AB (Sweden)
  • H.C. Starck Inc. (USA)
  • Flame-Spray Industries, Inc. (USA)
  • Praxair Surface Technologies, Inc. (USA)
  • Carpenter Technology Corporation (USA)
  • Fujimi Incorporated (Japan)
  • Durum Verschleiss-Schutz GmbH (Germany)
  • Montreal Carbide Co. Ltd (Canada)
  • GTV Verschleißschutz GmbH (Germany)
  • Genie Products, Inc. (USA)
  • Imperial Systems, Inc. (USA)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Thermal Spray Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Thermal Spray Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Thermal Spray Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Thermal Spray Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Thermal Spray Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Thermal Spray Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

Thermal Spray Market Report Snapshots

$5,300

REQUEST FOR SAMPLE

Please verify that you're not a robot to proceed!
Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Thermal Spray Market size was valued at USD 11.77 Billion in 2024 and is poised to grow from USD 12.37 Billion in 2025 to USD 18.42 Billion by 2033, growing at a CAGR of 5.1% during the forecast period (2026–2033).

Developing sustainable and advanced thermal spray solutions is expected to be a key strategy for companies looking to maximize their business. Aerospace and automotive industries are forecasted to spearhead the demand for high-performance thermal spray as per this thermal spray market analysis in the future. 'OC Oerlikon Management AG (Switzerland)', 'Kennametal Inc. (USA)', 'Chromalloy Gas Turbine LLC (USA)', 'Bodycote plc (UK)', 'Linde plc (Ireland)', 'Saint-Gobain S.A. (France)', 'Sandvik AB (Sweden)', 'Curtiss-Wright Corporation (USA)', 'Castolin Eutectic GmbH (Germany)', 'Höganäs AB (Sweden)', 'H.C. Starck Inc. (USA)', 'Flame-Spray Industries, Inc. (USA)', 'Praxair Surface Technologies, Inc. (USA)', 'Carpenter Technology Corporation (USA)', 'Fujimi Incorporated (Japan)', 'Durum Verschleiss-Schutz GmbH (Germany)', 'Montreal Carbide Co. Ltd (Canada)', 'GTV Verschleißschutz GmbH (Germany)', 'Genie Products, Inc. (USA)', 'Imperial Systems, Inc. (USA)'

Growing investments in R&D of novel coating technologies has resulted in significant advances for thermal spray companies. Plasma spray, high-velocity oxy-fuel (HVOF), cold spray, and detonation gun techniques are some key advancements shaping the future of thermal spray adoption. Growing integration of automation and robotics are also expected to bolster the thermal spray market outlook in the future thereby making advancements highly crucial for all companies.

Growing Incorporation of Renewable Energy and Green Technologies: High emphasis on sustainability has led to substantial investments in renewable energy infrastructure. Use of thermal spray coatings in wind turbines, hydroelectric systems, and solar panels is creating new opportunities for market players. With global investments in renewable infrastructure accelerating, thermal spray’s role in protecting and enhancing energy assets is expanding, establishing the technology as a critical enabler of the clean energy transition worldwide.

Why do Thermal Spray Providers Invest in North America?
AGC3x.webp
Aisin3x.webp
ASKA P Co. LTD3x.webp
BD3x.webp
BILL & MELIDA3x.webp
BOSCH3x.webp
CHUNGHWA TELECOM3x.webp
DAIKIN3x.webp
DEPARTMENT OF SCIENCE & TECHNOLOGY3x.webp
ETRI3x.webp
Fiti Testing3x.webp
GERRESHEIMER3x.webp
HENKEL3x.webp
HITACHI3x.webp
HOLISTIC MEDICAL CENTRE3x.webp
Institute for information industry3x.webp
JAXA3x.webp
JTI3x.webp
Khidi3x.webp
METHOD.3x.webp
Missul E&S3x.webp
MITSUBISHI3x.webp
MIZUHO3x.webp
NEC3x.webp
Nippon steel3x.webp
NOVARTIS3x.webp
Nttdata3x.webp
OSSTEM3x.webp
PALL3x.webp
Panasonic3x.webp
RECKITT3x.webp
Rohm3x.webp
RR KABEL3x.webp
SAMSUNG ELECTRONICS3x.webp
SEKISUI3x.webp
Sensata3x.webp
SENSEAIR3x.webp
Soft Bank Group3x.webp
SYSMEX3x.webp
TERUMO3x.webp
TOYOTA3x.webp
UNDP3x.webp
Unilever3x.webp
YAMAHA3x.webp
Yokogawa3x.webp

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Feedback From Our Clients