India Thermal Spray Coatings Market Size & Outlook
The thermal spray coatings market in India is expected to reach a projected revenue of US$ 784.3 million by 2030. A compound annual growth rate of 7% is expected of India thermal spray coatings market from 2024 to 2030.
Revenue, 2023 (US$M)
$488.9
Forecast, 2030 (US$M)
$784.3
CAGR, 2024 - 2030
7%
Report Coverage
India
India thermal spray coatings market, 2018-2030 (US$M)
Related Markets
India thermal spray coatings market highlights
- The India thermal spray coatings market generated a revenue of USD 488.9 million in 2023 and is expected to reach USD 784.3 million by 2030.
- The India market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, ceramics was the largest revenue generating material in 2023.
- Abradables is the most lucrative material segment registering the fastest growth during the forecast period.
Thermal spray coatings market data book summary
| Market revenue in 2023 | USD 488.9 million |
| Market revenue in 2030 | USD 784.3 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Ceramics |
| Fastest growing segment | Abradables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 4.7% of the global thermal spray coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China thermal spray coatings market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 290.4 million by 2030.
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Thermal Spray Coatings Market Scope
Thermal spray coatings market segmentation & scope
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Thermal Spray Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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India thermal spray coatings market size, by material, 2018-2030 (US$M)
India Thermal Spray Coatings Market Outlook Share, 2023 & 2030 (US$M)
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