Published On : 16 May 2025 Global Thermal Spray Materials Market Research Report 2025-2032
Market Overview
The global thermal spray materials market continues to demonstrate robust expansion, with its valuation reaching USD 1.3 billion in 2024.
According to comprehensive industry analysis, the market is projected to grow at a CAGR of 6.8%, reaching approximately USD 2.2 billion by 2032
Market Drivers
The aerospace sector remains the primary growth driver, consuming over 30% of thermal spray materials for critical components like turbine blades and landing gear.
Global air travel rebounding and defense budgets expanding, this segment shows no signs of slowing down.
Market Segmentation By
Type
Metals & Alloys
Ceramics
By Technology
Key Companies
Praxair Surface Technologies
Oerlikon Metco
H.C. Starck
Sandvik
Others
Regional Analysis
North America:
Maintains market leadership, accounting for approximately 38% of global thermal spray material consumption.
Europe: Follows closely with a 28% market share.
Asia-Pacific: Emerges as the fastest-growing market, projected to expand at 8.1% CAGR through 2032.
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