Thermal Spray Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Thermal Spray Coatings Companies and it is segmented by powder coating materials (ceramic oxides, carbides, metals, polymers, and other powder coating materials), process (combustion and electric energy), end-user industry (aerospace, industrial gas turbines, automotive, electronics, medical devices, energy, and power, oil, and gas, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Thermal Spray Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thermal Spray Coatings Market Size

Thermal Spray Coatings Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Thermal Spray Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Thermal Spray Coatings Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Thermal Spray Coatings Market Analysis

The Thermal Spray Coatings Market is expected to register a CAGR of greater than 6% during the forecast period.

In 2020, COVID-19 severely impacted industry growth due to decreased aircraft production and raw materials shortage. However, the growing aerospace industry post-pandemic is expected to increase thermal spray coatings consumption.

  • The extensive usage of thermal spray coatings in the aerospace sector increased usage in medical devices, and the rising popularity of thermal spray ceramic coatings primarily drives the market's growth.
  • Stringent government regulations for thermal spray coatings and issues regarding process reliability and consistency will likely restrain the market growth.
  • The increasing applications in the oil and gas industry, advancements in spraying technology, and recycling of thermal spray processing materials are expected to provide numerous opportunities for the manufacturers in the market studied.
  • North America dominated the global spray coatings market due to increased application in the aerospace industry and medical devices.

Thermal Spray Coatings Industry Overview

The global thermal spray coatings market is fragmented, with intense competition among the top players to capture a significant global market share. Most market leaders are vertically integrated, with a broad product portfolio of materials and equipment that is part of the overall thermal spray coatings market. Major players in the market include OC Oerlikon Management AG, Praxair S.T. Technologies Inc. (Linde PLC), Chromalloy Gas Turbine LLC, Kennametal Inc., and TOCALO Co. Ltd, among others (not in any particular order).

Thermal Spray Coatings Market Leaders

  1. OC Oerlikon Management AG

  2. Praxair S.T. Technologies Inc. (Linde PLC)

  3. Chromalloy Gas Turbine LLC

  4. Kennametal Inc.

  5. TOCALO Co. Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Thermal Spray Coatings Market Concentration
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Thermal Spray Coatings Market News

  • February 2023: Kennametal Inc. introduced a new, higher-performance turning grade with advanced coating technology. KCP25C with KENGold is the first choice for metal-cutting inserts with improved wear and higher metal removal rates for steel-turning applications.
  • November 2022: Bodycote announced that it is expanding its thermal spray coatings capability in the Middle East. Bodycote entered into a partnership with Mathevon Group to develop the market in the region and, in particular, Saudi Arabia.

Thermal Spray Coatings Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increased Usage of Thermal Spray Coatings in Medical Devices
    • 4.1.2 Rising Popularity of Thermal Spray Ceramic Coatings
    • 4.1.3 Growing Application in Aerospace Industry
  • 4.2 Restraints
    • 4.2.1 Issues Regarding Process Reliability and Consistency
    • 4.2.2 Stringent Government Regulations for Thermal Spray Coatings
  • 4.3 Industry Value-chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Powder Coating Materials
    • 5.1.1 Ceramic Oxides
    • 5.1.2 Carbides
    • 5.1.3 Metals
    • 5.1.4 Polymers and Other Powder Coating Materials
  • 5.2 Process
    • 5.2.1 Combustion
    • 5.2.2 Electric Energy
  • 5.3 End-user Industry
    • 5.3.1 Aerospace
    • 5.3.2 Industrial Gas Turbines
    • 5.3.3 Automotive
    • 5.3.4 Electronics
    • 5.3.5 Medical Devices
    • 5.3.6 Energy and Power
    • 5.3.7 Oil and Gas
    • 5.3.8 Other End-user Industries
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Australia & New Zealand
    • 5.4.1.6 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Italy
    • 5.4.3.4 France
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 APS Materials Inc.
    • 6.4.2 ASB Industries Inc.
    • 6.4.3 Bodycote PLC
    • 6.4.4 Chromalloy Gas Turbine LLC
    • 6.4.5 Chromalloy Gas Turbine LLC
    • 6.4.6 Eurocoating SpA
    • 6.4.7 FM Industries Inc.
    • 6.4.8 FW Gartner Thermal Spraying (Curtis-Wright)
    • 6.4.9 Kennametal Inc.
    • 6.4.10 Oerlikon Metco
    • 6.4.11 Praxair S.T. Technology, Inc.
    • 6.4.12 The Fisher Barton Group (Thermal Spray Technologies)
    • 6.4.13 Thermion
    • 6.4.14 TOCALO Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Applications in the Oil and Gas Industry
  • 7.2 Advancements in Spraying Technology (Cold Spray Process)
**Subject to Availability
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Thermal Spray Coatings Industry Segmentation

Thermal spray is an industrial coating process that heats or melts metallic or ceramic materials and deposits them onto a surface. The market is segmented into powder coating materials, process, end-user industry, and geography. By powder coating materials, the market is segmented into ceramic oxides, carbides, metals, polymers, and other powder-coating materials. By process, the market is segmented into combustion and electric energy. By end-user industry, the market is segmented into aerospace, industrial gas turbines, automotive, electronics, medical devices, energy and power, and other end-user industries. The report also covers the market size and forecasts for the thermal spray coatings market in 16 countries across major regions. The market sizing and forecasts for each segment are based on value (USD million).

Powder Coating Materials Ceramic Oxides
Carbides
Metals
Polymers and Other Powder Coating Materials
Process Combustion
Electric Energy
End-user Industry Aerospace
Industrial Gas Turbines
Automotive
Electronics
Medical Devices
Energy and Power
Oil and Gas
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Thermal Spray Coatings Market Research FAQs

What is the current Thermal Spray Coatings Market size?

The Thermal Spray Coatings Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Thermal Spray Coatings Market?

OC Oerlikon Management AG, Praxair S.T. Technologies Inc. (Linde PLC), Chromalloy Gas Turbine LLC, Kennametal Inc. and TOCALO Co. Ltd are the major companies operating in the Thermal Spray Coatings Market.

Which is the fastest growing region in Thermal Spray Coatings Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Thermal Spray Coatings Market?

In 2025, the North America accounts for the largest market share in Thermal Spray Coatings Market.

What years does this Thermal Spray Coatings Market cover?

The report covers the Thermal Spray Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thermal Spray Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Thermal Spray Coating Industry Report

Statistics for the 2025 Thermal Spray Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thermal Spray Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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