Global Cold Gas Spray Coating Market Size, Trends & Analysis - Forecasts to 2026 By Type of Technology (High Pressure, and Low Pressure); By End-User (Transportation [Aerospace, and Automotive], Automotive, Oil & Gas, Utility, Medical, and Other end-users); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Cold Gas Spray Coating Market Insights
The global cold gas spray coating market is ought to grow moderately at a 3.5% rate from 2020 to 2026. In the field of thermal spray, the cold gas spray is the latest technology for the market. The technology involves heating of metallic or non-metallic material/powder at an extremely low temperature which gets accelerated to supersonic speed. The accelerated material gets deposit over a similar or dissimilar target material surface. The high velocity of the accelerated material can be achieved using electrically heated gas as a carrier such as helium or nitrogen at high pressure. On reaching material over the targeted surface, particles undergo deformation to get interlock with the surface particles which leads to creating a strong surface and particle bond. Material coating target for different applications such as for surface repairing, to improve the shelf life of the component in sever conditions and corrosion resistance. The technique has the potential to improve or repair nickel, aluminum, bronze, and among others which turned out to be an economically feasible solution than displacing the original piece completely.
Increasing the adoption of cold gas spray coating by aerospace and automotive industries is a kick start for the market to develop in economically growing regions. The wide application range of cold gas spray coating at cut-rate is gaining the attention of end-users in the market. Nanostructured and amorphous material applications in various end-user manufacturing units are further adding lucrative opportunities for the cold gas spray coating industry. The technology involves zero chemical heating or melting in any step of operation thus turned out to be a green type of technology with no toxic fumes emission. Recyclable end waste of the cold gas spray coating is further creating room for sustainable adoption of technology and is expected to build a huge product demand within the 2020-2026 period.
However, the global pandemic has temporarily shut down the operation of almost all industries thus a cost hike is expected in raw material by end of the year which might disrupt the regular business of cold gas spray coating between the estimated period.
Cold Gas Spray Coating Market: By Type of Technology
The technology segment of cold gas spray coating can be explained into high pressure and low pressure. The high-pressure segment ruled the cold gas spray coating market and expected to bring off the same market figures within the conjecture duration. High spray segment use gases such as nitrogen, helium at a pressure range of 300-1000psi for spraying high strength metal and alloys. Enhanced practical application of high-pressure spray in industries like aerospace, electronics, and automotive comes out to be the major demand and revenue builder parameter. The major usage of the segment is in the improvement of performance and shelf life of the equipment by repairing the metallic components of the above-mentioned industries. On the other hand, low-cost surface coating and repair of the low-pressure segment are giving bottleneck competition to the high-pressure coating.
Cold Gas Spray Coating Market: By End-User
Transportation, automotive, oil & gas, utility, medical, and other end-users are the bifurcations of end-users of the cold gas spray coating market. The transportation segment uplifted the cold spray market by covering a higher chunk of the revenue. High demand from various end-user industries for repairing and improving the equipment life span is triggering the product demand at a significant rate. Oxide-free coating, low porosity, and outstanding bonding in solid-state at low temperatures are increasing the feasibility of the product application in the aforementioned industries. High performance with lightweight material is further boosting the product demand owing to government regulatory norms regarding the application of lightweight materials so to upgrade the efficiency of fuel.
Cold Gas Spray Coating Market: By Region
U.S., Canada, and Mexico together in the North American region generated the highest revenue in the market. High end-user demand, favorable governmental norms concern to use lightweight and high-performance components accelerated the overall demand for the product in the region.
However, in the last few years, many end-user industries get shifted to the Asia-pacific region owing to low labor and material cost which showed a huge impact on the North America region market.
Europe is the second cold gas spray coating market builder region. Countries like UK, Germany, France are known for their high military and defense spending which leads to an uplift of the demand of the product predominately in aircraft protection and satellite components repair.
Cold Gas Spray Coating Market Share and Competitor Analysis
Companies like Inovati, Medicoat AG, Flame Spray Technologies B.V., Praxair S.T. Technology, Inc., Plasma Giken Co., Ltd., VRC Metal Systems, LLC, Bodycote, Curtiss-Wright Surface Technologies, Rus Sonic Technology, Inc., and ASB Industries, Inc. among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In August 2020, Curtiss-Wright Surface Technologies partnered with Michigan State University for the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) program. The company is known for its high engineered treatment for surface and in the above project suppose to provide lesser peening coupled with thermal microstructure engineering technology.
In November 2018, the Medipure titanium coating technology entered the market in the form of a new technology launch hosted by Medicoat. The coating can be used for organic substrates such as CFR PEEK, PEEK, PEKK, and long-fiber reinforced materials which can be applied over various spin implants.
Check the Press Release on Global Cold Gas Spray Coating Market Report
We value your investment and offer free customization with every report to fulfil your exact research needs.
The Global Cold Gas Spray Coating Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cold Gas Spray Coating Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
80% of our clients seek made-to-order reports. How do you want us to tailor yours?