Global Thermal Spray Powder Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Tungsten Carbide, Molybdenum, Chrome Carbide, and Others

By Product Type;

Ceramic, Metal, Polymer, and Others

By Process;

Plasma Spray, HVOF, Flame Spray, and Others

By Application;

Aerospace, Automotive, Healthcare, Energy, Electronics, and Others

By End-User;

Industrial, Commercial, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn123361999 Published Date: May, 2025 Updated Date: June, 2025

Thermal Spray Powder Market Overview

Thermal Spray Powder Market (USD Million)

Thermal Spray Powder Market was valued at USD 16301.21 million in the year 2024. The size of this market is expected to increase to USD 26176.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.


Global Thermal Spray Powder Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 7.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.0 %
Market Size (2024)USD 16301.21 Million
Market Size (2031)USD 26176.19 Million
Market ConcentrationMedium
Report Pages357
16301.21
2024
26176.19
2031

Major Players

  • Hgans AB
  • H.C. Starck GmbH
  • Linde plc
  • Treibacher Industrie AG

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Thermal Spray Powder Market

Fragmented - Highly competitive market without dominant players


The thermal spray powder market continues to gain momentum due to the increasing emphasis on surface treatment technologies that boost component lifespan and operational efficiency. These powders are widely employed for improving corrosion resistance, wear tolerance, and thermal shielding, making them vital for industrial equipment longevity. Currently, over 55% of restoration and maintenance tasks utilize thermal spray powder-based coatings.

Growing Preference for Specialized Powders
Industries are showing a strong preference for high-performance powder materials, especially ceramic, metallic, and carbide-based compositions. These advanced options now contribute nearly 60% to overall usage, driven by the demand for coatings with better adhesion, durability, and minimal porosity. The shift is further supported by evolving production techniques like plasma atomization and spray drying.

Expanding Use in High-Stress Applications
Aerospace and industrial sectors are among the top adopters, leveraging thermal spray powders for components exposed to extreme heat, stress, and erosion. These applications represent more than 45% of total usage, underscoring the importance of powders in protecting turbine blades, valves, and engine parts. Their role in maintaining precise tolerances is central to performance reliability.

Support for Sustainable Industry Practices
The move toward environmentally conscious manufacturing is encouraging the wider use of thermal spray powders. Their ability to extend equipment life and enable recyclable refurbishments aligns with sustainability goals. Presently, over 50% of adopters integrate thermal spray coatings as part of their broader circular economy strategy, reflecting the market's evolving value proposition.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Process
    4. Market Snapshot, By Application
    5. Market Snapshot, By End-User
    6. Market Snapshot, By Region
  4. Thermal Spray Powder Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. High-performance coating demand rising
        2. Expansion in heavy engineering sectors
        3. Advanced ceramics usage increasing
        4. Need for thermal barrier coatings
      2. Restraints
        1. Cost of high-purity powders
        2. Storage and handling limitations
        3. Limited supplier base globally
        4. Inconsistent powder quality challenges
      3. Opportunities
        1. Development of new alloy types
        2. Adoption in additive repair rising
        3. Boost from Asia-Pacific industrialization
        4. Innovations in powder synthesis technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Thermal Spray Powder Market, By Type, 2021 - 2031 (USD Million)
      1. Tungsten Carbide
      2. Molybdenum
      3. Chrome Carbide
      4. Others
    2. Thermal Spray Powder Market, By Product Type, 2021 - 2031 (USD Million)
      1. Ceramic
      2. Metal
      3. Polymer
      4. Others
    3. Thermal Spray Powder Market, By Process, 2021 - 2031 (USD Million)
      1. Plasma Spray
      2. HVOF
      3. Flame Spray
      4. Others
    4. Thermal Spray Powder Market, By Application, 2021 - 2031 (USD Million)
      1. Aerospace
      2. Automotive
      3. Healthcare
      4. Energy
      5. Electronics
      6. Others
    5. Thermal Spray Powder Market, By End-User, 2021 - 2031 (USD Million)
      1. Industrial
      2. Commercial
      3. Others
    6. Thermal Spray Powder Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Oerlikon Metco
      2. Praxair Surface Technologies
      3. H.C. Starck GmbH
      4. Saint-Gobain
      5. Höganäs AB
      6. Wall Colmonoy
      7. Fujimi Incorporated
      8. SurfacePrep
      9. BryCoat Inc.
      10. Metallisation Limited
  7. Analyst Views
  8. Future Outlook of the Market