Thermal Spray Consumables Market size was valued at USD 5.30 Billion in 2024 and is forecasted to grow at a CAGR of 6% from 2026 to 2033, reaching USD 8.90 Billion by 2033.
The global thermal spray consumables market was valued at approximately USD 7.50 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The increasing demand for thermal spray coatings in industries such as aerospace, automotive, and energy is driving this growth. In terms of regional distribution, North America accounted for the largest market share in 2022, with a market value of around USD 2.3 billion. The region’s dominance can be attributed to its strong industrial base and the widespread application of thermal spray consumables in aerospace and automotive sectors. Additionally, Europe followed closely, contributing significantly to the global market share with a value of USD 1.9 billion, primarily driven by industrial advancements in manufacturing and coatings.
Asia Pacific is expected to exhibit the highest growth rate during the forecast period, with an estimated CAGR of 7.2%. The regions growing industrialization, particularly in countries like China and India, alongside the rise in automotive and manufacturing activities, is propelling the demand for thermal spray consumables. The market in Latin America and the Middle East & Africa is also expected to experience steady growth due to increasing infrastructure development and demand for protective coatings in energy and oil & gas industries. By 2030, the thermal spray consumables market in Asia Pacific is expected to reach USD 3.5 billion, contributing a substantial share to the global market.
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Daiichi Kigenso Kagaku Kogyo
Flame Spray Technologies BV
Hoganas
Honeywell International Inc (UOP)
Kanthal
Kennametal
Metallisation
Oerlikon Metco
Parat Tech
Polymet Corporation
Praxair Surface Technologies
Saint-Gobain
Showa Denko
Tanki
TOCALO
Tosoh
Treibacher Industrie
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thermal Spray Consumables Market
Powders
Wires
HVOF (High Velocity Oxygen Fuel) Coatings
Plasma Spray Coatings
Flame Spray Coatings
Metals
Ceramics
Composite Materials
Polymers
Aerospace
Automotive
Oil and Gas
Power Generation
Industrial Manufacturing
Defense
Electronics
Healthcare
Mining
Shipbuilding
Cold Spray
Arc Spray
High Velocity Oxygen Fuel (HVOF)
Plasma Spray
Flame Spray
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thermal Spray Consumables Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thermal Spray Consumables Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermal Spray Consumables Market, By Type
6. Global Thermal Spray Consumables Market, By Application
7. Global Thermal Spray Consumables Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Thermal Spray Consumables Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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