용사 코팅 시장 규모, 점유율, 성장 분석 : 프로세스별, 소재별, 기술별, 최종 이용 산업별, 지역별 - 산업 예측(2025-2032년)

Global Thermal Spray Coatings Market size was valued at USD 11.3 billion in 2023 and is poised to grow from USD 11.89 billion in 2024 to USD 17.83 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).

The thermal spray coatings market is experiencing significant growth across various sectors, including automotive, aerospace, medical, industrial gas turbines, and more. The rising application of gas turbines in key industries is likely to enhance this demand, attributed to their exceptional resistance to high temperatures, corrosion, and wear from abrasive forces. Regulatory pressures from bodies such as the EPA and OSHA are pushing manufacturers toward sustainable alternatives, catalyzing a move away from harmful hard chrome plating to safer thermal spray coatings. Regionally, the U.S. dominates the North American market, fueled by the high demand for industrial gas turbines in power generation and a shift towards natural gas from coal. Additionally, advancements in healthcare and an aging population are set to boost the orthopaedic implant market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Thermal Spray Coatings market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Thermal Spray Coatings Market Segments Analysis

Global Thermal Spray Coatings Market is segmented by Process, Material, Technology, End-Use Industry and region. Based on Process, the market is segmented into Combustion flame and Electrical. Based on Material, the market is segmented into Metals, Ceramics, Intermetallics, Polymers, Carbides, Abradables and Others. Based on Technology, the market is segmented into Cold Spray, Flame Spray, Plasma Spray, HVOF, Electric Arc Spray and Others. Based on End-Use Industry, the market is segmented into Aerospace, Automotive, Healthcare, Energy & Power, Agriculture, Electronics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Thermal Spray Coatings Market

A key factor propelling the growth of the global thermal spray coatings market is the rising demand for coatings that offer resistance to corrosion and wear across multiple end-use sectors, including automotive, aerospace, and power generation. These industries necessitate protective coatings capable of enduring extreme temperatures, harsh conditions, and corrosive materials, which fuels the broader acceptance of thermal spray coatings. Moreover, the increasing emphasis on sustainable alternatives and the move away from environmentally hazardous coating methods, such as hard chrome plating, further augment the expansion of this market, as companies seek safer, more efficient solutions for their coating needs.

Restraints in the Global Thermal Spray Coatings Market

One significant constraint facing the global thermal spray coatings market is the substantial initial investment needed for the installation and deployment of thermal spray coating systems. The high cost of the necessary equipment combined with the need for specialized training and expertise can create challenges, particularly for small and medium-sized enterprises with constrained budgets. Additionally, the presence of alternative coating technologies and materials on the market could impede the broader acceptance of thermal spray coatings, consequently restricting their growth potential across various industries. These factors collectively represent obstacles to the market's expansion and adoption.

Market Trends of the Global Thermal Spray Coatings Market

The global thermal spray coatings market is witnessing a significant trend towards the adoption of advanced coating materials and cutting-edge technologies. Key players are innovating by integrating materials like ceramic, metal matrix composites, and nanostructured coatings, which enhance the performance and functional properties of the coatings. Concurrently, advancements in deposition techniques such as plasma spraying, high-velocity oxy-fuel (HVOF), and cold spraying are improving precision and efficiency in coating application. This convergence of innovative materials and sophisticated technologies underscores the industry's commitment to enhancing coating quality, durability, and application versatility, thereby fueling robust market growth in the coming years.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Raw Material Analysis

Global Thermal Spray Coatings Market Size by Process & CAGR (2025-2032)

• Market Overview
• Combustion flame
• Electrical

Global Thermal Spray Coatings Market Size by Material & CAGR (2025-2032)

• Market Overview
• Metals
• Ceramics
• Intermetallics
• Polymers
• Carbides
• Abradables
• Others

Global Thermal Spray Coatings Market Size by Technology & CAGR (2025-2032)

• Market Overview
• Cold Spray
• Flame Spray
• Plasma Spray
• HVOF
• Electric Arc Spray
• Others

Global Thermal Spray Coatings Market Size by End-Use Industry & CAGR (2025-2032)

• Market Overview
• Aerospace
• Automotive
• Healthcare
• Energy & Power
• Agriculture
• Electronics
• Others

Global Thermal Spray Coatings Market Size & CAGR (2025-2032)

• North America (Process, Material, Technology, End-Use Industry)
  • US
  • Canada
• Europe (Process, Material, Technology, End-Use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Process, Material, Technology, End-Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Process, Material, Technology, End-Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Process, Material, Technology, End-Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Oerlikon Metco (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bodycote plc (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Praxair Surface Technologies, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• H.C. Starck GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saint-Gobain S.A. (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sulzer Metco (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lincotek Surface Solutions (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Progressive Surface (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• American Roller Company (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Flame Spray Coating Company (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cincinnati Thermal Spray, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BryCoat Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• A&A Coatings (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Plasma-Tec, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ASB Industries (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Exline, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Magnaplate Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hoganas AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PPG Industries, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations