Europe Thermal Spray Coatings Market Size & Outlook
Europe thermal spray coatings market, 2018-2030 (US$M)
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Europe thermal spray coatings market highlights
- The Europe thermal spray coatings market generated a revenue of USD 2,465.2 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, ceramics was the largest revenue generating material in 2023.
- Ceramics is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,465.2 million |
| Market revenue in 2030 | USD 3,328.7 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Ceramics |
| Fastest growing segment | Ceramics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metals, Ceramics, Intermetallics, Polymers, Carbides, Abradables |
| Key market players worldwide | Compagnie de Saint-Gobain SA, Carpenter Technology Corp, Fujimi Inc, Powder Alloy Corporation, GTV Wear Protection, Praxair Surface Technologies, Hoganas, H.C. Starck Ceramics, Castolin Eutectic, Wall Colmonoy, Kennametal Stellite, Oerlikon |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.6% of the global thermal spray coatings market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,746.9 million by 2030.
Ceramics was the largest segment with a revenue share of 34.31% in 2023. Horizon Databook has segmented the Europe thermal spray coatings market based on metals, ceramics, intermetallics, polymers, carbides, abradables covering the revenue growth of each sub-segment from 2018 to 2030.
Europe represents the second-largest market for thermal spray coatings globally owing to the presence of various aerospace and automotive manufacturers in the region. The presence of major manufacturers, including Höganäs AB, Castolin Eutectic, Saint-Gobain S.A., and Durum, has further intensified the competition among the market players.
Thermal spraying is majorly used in Europe by product manufacturers from metal, aluminum, petroleum, transport, paper, high-tech machinery, and defense industries. Thermal spraying is particularly important in Finland, Sweden, Norway, and Denmark as these countries are the major hubs for the aforementioned industries.
For instance, Hydro's experimental plant situated in Karmøy proudly features the most environmentally-conscious and energy-efficient technology for producing aluminum worldwide. This groundbreaking pilot initiative signifies a substantial achievement, not just for Hydro but also for the broader Norwegian and global aluminum sector.
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Thermal Spray Coatings Market Scope
Thermal Spray Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe thermal spray coatings market size, by country, 2018-2030 (US$M)
Europe Thermal Spray Coatings Market Outlook Share, 2023 & 2030 (US$M)
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