Market revenue in 2024 | USD 83.0 million |
Market revenue in 2030 | USD 111.9 million |
Growth rate | 5.1% (CAGR from 2024 to 2030) |
Largest segment | Aluminum |
Fastest growing segment | Titanium |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Nickel, Copper, Aluminum, Titanium, Magnesium |
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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 spray technology market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 31.33% in 2024. Horizon Databook has segmented the Latin America cold spray technology market based on nickel, copper, aluminum, titanium, magnesium covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South American cold spray technology market is expected to witness significant growth owed to increasing industrial investments in the automotive sector. Major manufacturers such as Volkswagen, and General Motors, announced about the expansion of their existing manufacturing facilities in the region to cater with the increasing demand.
Furthermore, the growth in the consumption of home appliances, owing to rapid urbanization, technological innovations, and increased disposable incomes of consumers in the region, is expected to propel the demand for cold spray technology over the projection period. Expanding aerospace and defense industries in Brazil, Argentina, and Colombia are likely to generate high demand for cold spray technology.
Manufacturers operating MRO facilities such as GE, Rolls-Royce, Pratt & Whitney Canada, and Goodrich are based in Brazil. The country also manufactures turboprops, military aircraft, agricultural aircraft, business aircraft, helicopters, and other general aviation aircraft, which is expected to boost the demand for cold spray technology in the coming years.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cold spray technology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cold spray technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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