The thermal spray coating market is expected to grow at a CAGR of 9.22%, reaching a market size of US$19.485 billion in 2030 from US$12.534 billion in 2025.
Thermal coating is a process in which molten or semi-molten materials are used to coat surfaces. Materials that become plastic or are in a molten state can be used as coating substances. Thermal spray coating is usually done to protect the materials.
Coating materials using thermal spray coating can increase the durability and wear resistance capacity of surfaces. This coating is widely used in mechanical moving parts and metal surfaces to prevent corrosion and increase life span. The wide range of applications of thermal spray coating in the automotive, aerospace, and mechanical industries is giving potential to the thermal spray coating market’s growth.
Thermal spray coating can be efficiently applied to materials like metals, ceramics, and plastics. This property of thermal spray coating also increases its acceptability in industries and production sectors. The increasing market for more durable medical instruments and devices is a major factor driving its growth. The demand for corrosion-free medical instruments is hiking the market for thermal spray coating in the medical field. The need for corrosion-resistant and more durable parts in the automotive and aerospace industries also acts as a driver in the thermal spray coating market.
The need to protect moving mechanical parts in automobiles is raising the demand for thermal spray coating in the automotive industry. The break clutches, gear tooths, and crankshafts of automobiles are protected from corrosion and wear by coating with thermal spray coating. The low cost of coating materials and high efficiency in the protection provided by thermal spray coating is boosting its market growth. The developments and advancements of technologies in the coating process are increasing the efficiency and durability of thermal spray coating.
The durability of mechanical parts is considered one of the major factors in the automobile industry. The protection offered by thermal spray coating from rust and scratches is also rising in the application of thermal spray coating in the automotive industry. WTO (World Trade Organisation) states that the automotive industry has shown drastic development in the last decade compared to other industrial sectors. According to IAO (International Automobile Organisation), the average life span of a high-working modern car is estimated to be 12+ years. Thermal spray coating is widely employed in the automobile industry to increase the lifespan of automobiles. The same source stated that in 2022, there was a 6% increase in global automotive production compared to 2021, such as hiking the market value of the thermal spray coating market.
Geographically, North America shows tremendous market growth for thermal spray coating. The growing productivity in major sectors of the major regional economies, namely the United States and Canada, has paved the way for future market growth. According to the International Organization of Motor Vehicle Manufacturers, the United States experienced a 10% growth in automotive production in 2022. In contrast, Canada also witnessed the same production compared to the preceding year.
Additionally, the General Aviation Manufacturers Association stated that the USA's total aircraft manufacturing output, including piston, turbine, and turboprop planes, reached 52 units in Q2 of 2023. This showcased a 47.8% increase over the previous quarter in the same year. Such an increase in manufacturing gives potential to the thermal spray coating market's growth. The economic developments and significant investments of major players in the Asia Pacific region are also boosting its regional market growth.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Thermal Spray Coating Market Size in 2025 | US$12.534 billion |
| Thermal Spray Coating Market Size in 2030 | US$19.485 billion |
| Growth Rate | CAGR of 9.22% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Thermal Spray Coating Market | |
| Customization Scope | Free report customization with purchase |
The Thermal Spray Coating market is segmented and analyzed as follows: