Global Thermal Spray Materials Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Coatings, Materials, and Thermal Spray Equipment.

By Type;

Combustion - Low Velocity (Wire/Powder), High Velocity (HVOF/HVLF/HVAF) and Detonation, Electric Energy - Wire Arc, Plasma and Cold Spray.

By End-User;

Aerospace, Industrial Gas Turbines, Automotive, Electronics, Oil & Gas, Medical Devices, Energy & Power and Other End-user Industries.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn115973974 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Thermal Spray Materials Market (USD Million), 2021 - 2031

In the year 2024, the Global Thermal Spray Materials Market was valued at USD 2,189.58 million. The size of this market is expected to increase to USD 3,249.07 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The Global Thermal Spray Materials Market is an integral part of the industrial coatings industry, offering advanced surface protection solutions for a wide range of applications. Thermal spray materials are used to enhance the surface properties of substrates by adding wear resistance, corrosion protection, and thermal insulation. The market encompasses various materials such as ceramics, metals, alloys, and carbides, which are applied using different thermal spray processes including plasma spray, HVOF (High Velocity Oxy-Fuel), and flame spray. These materials find extensive use in industries such as aerospace, automotive, healthcare, and energy, where the need for durable and efficient coatings is paramount.

Over the years, the demand for thermal spray materials has grown significantly due to their ability to improve the performance and lifespan of components. In the aerospace sector, for instance, thermal spray coatings are essential for protecting turbine blades and other critical parts from extreme temperatures and harsh environmental conditions. Similarly, in the automotive industry, these materials are used to coat engine parts, enhancing their durability and efficiency. The healthcare sector also benefits from thermal spray coatings, particularly in the production of medical implants that require biocompatible and wear-resistant surfaces.

The market for thermal spray materials is driven by technological advancements, increasing industrialization, and the growing emphasis on sustainability. Innovations in thermal spray techniques and materials have led to more efficient and environmentally friendly processes. Additionally, the rising demand for energy-efficient solutions and the need to reduce maintenance costs in various industries are fueling the market's growth. As a result, the Global Thermal Spray Materials Market is poised for substantial expansion in the coming years, with significant opportunities for both established players and new entrants.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Type
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Thermal Spray Materials Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrialization growth
        2. Technological advancements
        3. Sustainability emphasis
        4. Energy efficiency
      2. Restraints
        1. High costs
        2. Skilled labor shortage
        3. Complex regulations
        4. Equipment limitations
      3. Opportunities
        1. Emerging markets
        2. Advanced coatings
        3. Eco-friendly materials
        4. Medical implants
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Thermal Spray Materials Market, By Product Type, 2021 - 2031 (USD Million)
      1. Coatings
      2. Materials
      3. Thermal Spray Equipment
    2. Global Thermal Spray Materials Market, By Type, 2021 - 2031 (USD Million)
      1. Combustion
        1. Low Velocity (Wire/Powder)
        2. High Velocity (HVOF/HVLF/HVAF)
        3. Detonation
      2. Electric Energy
        1. Wire Arc
        2. Plasma
        3. Cold Spray
    3. Global Thermal Spray Materials Market, By End-User, 2021 - 2031 (USD Million)
      1. Aerospace
      2. Industrial Gas Turbines
      3. Automotive
      4. Electronics
      5. Oil & Gas
      6. Medical Devices
      7. Energy & Power
      8. Other End-user Industries
    4. Global Thermal Spray Materials Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hoganas AB
      2. OC Oerlikon Management AG
      3. Linde plc
      4. H.C. Starck
      5. CASTOLIN EUTECTIC
  7. Analyst Views
  8. Future Outlook of the Market