International. According to a new report from Grand View Research, Inc., the global thermal spray coatings market size is expected to reach US$14.99 billion by 2025, increasing the scope of the application due to advantages such as wear and corrosion protection, low toxic gas emissions, and electrical resistance is expected to fuel the growth of the thermal spray coating market.
The increasing scope of the application of gas turbines on ships, locomotives, tanks, helicopters, and motorcycles is expected to increase the thermal spray coating market during the forecast period. Thermal spray coatings of polymers and metals are used in powder form for industrial gas turbine blades due to properties such as corrosion resistance at high temperatures.
In terms of revenue, ceramics was the largest application segment for the product market, accounting for 30.1% of the global market in 2016. HVOF technology is used to spray these products on substrates that are further used in the medical sector for the manufacture of dental implants. The expansion of this sector is expected to have a positive impact on growth over the next seven years.
In addition, the global product market is expected to experience substantial growth during the forecast period due to its widespread use in the aerospace and automotive industries. The forecast is that the increasing demand for corrosion-resistant coatings, particularly in these two sectors, will be a key factor for the growth of the market. The growing scope of application in engineering coating, wear-resistant coating, automotive and aerospace, biomedical, food processing, electronics, semiconductors and energy is expected to promote demand.
