China Cold Gas Spray Coating Market Size & Outlook
China cold gas spray coating market, 2018-2030 (US$M)
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China cold gas spray coating market highlights
- The China cold gas spray coating market generated a revenue of USD 180.0 million in 2022 and is expected to reach USD 272.0 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, high-pressure was the largest revenue generating technology in 2022.
- Low-Pressure is the most lucrative technology segment registering the fastest growth during the forecast period.
Cold gas spray coating market data book summary
| Market revenue in 2022 | USD 180.0 million |
| Market revenue in 2030 | USD 272.0 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | High-pressure |
| Fastest growing segment | Low-Pressure |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-Pressure, Low-Pressure |
| Key market players worldwide | Curtiss-Wright Corp, Linde PLC, Bodycote PLC, VRC Metal Systems, ASB Industries |
Other key industry trends
- In terms of revenue, China accounted for 17.9% of the global cold gas spray coating market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cold gas spray coating market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 40.0 million by 2030.
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Cold Gas Spray Coating Market Scope
Cold Gas Spray Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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China cold gas spray coating market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold gas spray coating market will help companies and investors design strategic landscapes.
High-pressure was the largest segment with a revenue share of 52.78% in 2022. Horizon Databook has segmented the China cold gas spray coating market based on high-pressure, low-pressure covering the revenue growth of each sub-segment from 2018 to 2030.
China is expected to be one of the promising markets in the region on account of the government’s support to promote investments in the manufacturing sector. Several companies are expanding or setting up new manufacturing facilities owing to low labor costs and ease of raw material procurement in the country.
For instance, in May 2020, Volkswagen announced to invest approximately USD 2 billion in China’s electric car industry to expand its automobile business in the country due to the easy availability of raw materials and cheap labor.
Moreover, increasing private and public expenditure on the healthcare sector and the growing medical devices market in the country are anticipated to fuel the product demand over the forecast period. According to a report published by International Trade Administration.
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Horizon Databook provides a detailed overview of country-level data and insights on the China cold gas spray coating market , including forecasts for subscribers. This country databook contains high-level insights into China cold gas spray coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cold gas spray coating market size, by technology, 2018-2030 (US$M)
China Cold Gas Spray Coating Market Outlook Share, 2022 & 2030 (US$M)
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