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

By Type;

Tungsten Carbide, Molybdenum, Chrome Carbide and Other Powder Types.

By End-User;

Aerospace, Automotive, Industrial Gas Turbines, Oil & Gas, Power and Other End-user Industries.

By Geography;

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

Introduction

Global Thermal Spray Powder Market (USD Million), 2021 - 2031

In the year 2024, the Global Thermal Spray Powder Market was valued at USD 16301.21 million. 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%.

The Global Thermal Spray Powder Market is a crucial segment of the surface engineering industry, known for its significant role in enhancing the performance and durability of materials. Thermal spray powders are used in various coating processes to protect components against wear, corrosion, and high temperatures. These powders are melted and sprayed onto surfaces, forming a coating that improves the substrate's properties. The market includes a variety of materials, such as ceramics, metals, and alloys, which are selected based on the desired coating characteristics.

The demand for thermal spray powders is driven by the need for superior surface protection in industries like aerospace, automotive, and healthcare. In aerospace, these coatings are vital for protecting engine components from extreme temperatures and corrosion. The automotive industry utilizes thermal spray coatings to extend the life of engine parts and improve performance. Meanwhile, the healthcare sector relies on biocompatible coatings for medical implants. As industries continue to seek advanced solutions for material longevity and performance, the thermal spray powder market is expected to see robust growth.

Technological advancements and increasing investments in research and development are further propelling the market. Innovations in thermal spray techniques and materials are leading to more efficient and cost-effective solutions. Moreover, the growing emphasis on sustainability and reducing environmental impact is pushing manufacturers to develop eco-friendly powders. With these trends, the Global Thermal Spray Powder Market is poised for significant expansion, offering numerous opportunities for stakeholders in the coming years.

  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 End-User
    3. Market Snapshot, By Region
  4. Global Thermal Spray Powder Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industry demand growth
        2. Technological advancements
        3. Environmental regulations
        4. Performance enhancement needs
      2. Restraints
        1. High initial costs
        2. Skilled labor shortage
        3. Raw material scarcity
        4. Technological complexity
      3. Opportunities
        1. Emerging market expansion
        2. Sustainable material development
        3. Technological integration
        4. Industry-specific innovations
    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. Global Thermal Spray Powder Market, By Type, 2021 - 2031 (USD Million)
      1. Tungsten Carbide
      2. Molybdenum
      3. Chrome Carbide
      4. Other Powder Types
    2. Global Thermal Spray Powder Market, By End-User, 2021 - 2031 (USD Million)
      1. Aerospace
      2. Automotive
      3. Industrial Gas Turbines
      4. Oil & Gas
      5. Power
      6. Other End-user Industries
    3. Global 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. Hgans AB
      2. H.C. Starck GmbH
      3. Linde plc
      4. Treibacher Industrie AG
  7. Analyst Views
  8. Future Outlook of the Market