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Thermal Spray Coating Market Size | Industry Report, 2027
Allied Market Research recently published a report on the thermal spray coating market, which highlights the various aspects of the industry. As per the study, the sector accounted for $8.0 billion in 2019 and is anticipated to gather a revenue of $12.7 billion by 2027, citing a CAGR of 5.9% during 2020-2027. The report sheds light on the different growth drivers, investment opportunities, and market restraints in the industry to aid companies in understanding the evolving dynamics of the sector
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Major Questions Covered in the Global Thermal Spray Coating Market Report
What are the major drivers influencing the growth of the thermal spray coating market?
What are the upcoming trends and developments in the thermal spray coating market?
Which are the leading companies analyzed in the report?
Which segment is expected to dominate the thermal spray coating market?
Analyzing the Latest Trends in Thermal Spray Coating Market
The disposable incomes of the middle-class population have increased gradually in the past few years in most developed and developing countries globally. As a result, the demand for high-end automobiles has also grown, thus contributing to the expansion of the thermal spray coating industry. Rise in adoption of high-performance ceramic coatings for automotive components to increase the vehicle’s fuel efficiency has played an important role in the growth of the sector. Furthermore, various advantages offered by these paints, including resistance from corrosion, heat, and abrasion, have improved the revenue share of the market. Also, applicability of thermal spray coatings has increased in the aerospace and defense domain, enhancing the growth rate of the industry.
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Industry Updates and Latest Advancements in the Sector
The advent of innovative thermal spray coatings like plasma coatings is one of the latest trends in the industry. Advancements in the field of nanotechnology have further opened new avenues for growth in the industry. Plasma coatings involve the use of small molecules, called monomers, that bond with polymers under specific conditions. These molecules, depending on the requirements and the type of the surface, help create hydrophilic and hydrophobic surfaces. Plasma coatings are widely used in consumer electronics, biomedical manufacturing, textile production, automotive, and aerospace industries.
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Top Companies Profiled in the AMR Report
Along with the growth drivers and investment opportunities, the AMR report also highlights the competitive scenario in the thermal spray coating industry. For this, the profiles of the top businesses in the market are also included in the report. The leading companies studied are:
MORGAN ADVANCED MATERIALS PLC
3M, INC.
LINDE PLC
KCC CORPORATION
A&A THERMAL SPRAY COATINGS, INC.
SAINT-GOBAIN
DUPONT DE NEMOURS, INC
COORSTEK, INC.
INTEGRATED GLOBAL SERVICES, INC.
APS MATERIAL, INC.
In conclusion, the AMR report on the thermal spray coating market puts forth a comprehensive overview of the major drivers and opportunities in the industry to aid companies in formulating their expansion strategies. The latest trends and advancements covered in the study help businesses gain a competitive advantage over their peers in the sector.
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For More Details: https://www.globenewswire.com/en/news-release/2021/03/17/2194635/0/en/Thermal-Spray-Coating-Market-Size-to-Reach-12-7-Billion-by-2027-CAGR-5-9-AMR.html
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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