Thermal Spray Guns Market: Overview and Dynamics
The raw material is heated and transferred as single particles or droplets over a surface using a mixture of methods known as thermal spraying. Using ignitable gases or an electric arc spray gun, the thermal spray gun generates the requisite heat. A compressed gas stream to the substrate defines and stimulates the elements as they are heated, converting them to a synthetic or molten state.
The market for thermal spray guns is highly promising owing to its wide-range application across various end-use industries like medical devices, energy & power, electronics, automobile, etc. The increased reach of thermal spray gun professional and trade associations has resulted in an increased use of thermal spray guns in medical devices and a reduction in technology transfer time.
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The HVOF (hypervelocity oxyfuel) gun is a significant advancement in thermal-spray guns technology. HVOF guns, which were developed by a different companies to achieve well-bonded, dense coatings, share a method for burning oxygen and fuel and transporting the combustion products through a nozzle with subsequent free expansion.
Further, thermal spray guns are commonly used to make rocket components like, nozzles for high pressure, combustion chambers and compressor air seals. The high end application of thermal spray coating is expected to boost the demand for thermal spray guns and the market is projected to grow at substantial growth rate during the forecast period.
One of the largest manufacturer, Boeing is amongst the first in aerospace industry to adapt and use thermal spray guns as a substitute to hard chromium plating on a variety of structural components. All in all, demand for thermal spray equipment in the aerospace industry is expected to increase over future course of time.
Considering the aspect of future consumption of thermal spray guns, demand for thermal spray coatings is going to increase in a steeper line which will further result in the quicker adoption of thermal spray guns in the industries. Shifting consumer needs and widening consumer base will lead to the expansion of the market. In addition, thermal spray guns possess the capability to stand along with upcoming forecasted market expansion as there is no substitute product which would provide any restraint to the growth of thermal spray gun market.
To sum up, the growing demand from the aerospace and medical device industries along with automotive industry, the increased use of thermal spray guns for coatings, and the evolution of the power generation sector in the developing regions are of the major drivers of the thermal spray guns market.
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COVID-19 Impact Insights
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This has disrupted almost every market and thermal spray guns market has also been affected largely. COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The plant shutdowns in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of prominent industries, leading to a drop in consumption of thermal spray guns.
At the initial stages of the lockdown, it is not just the thermal spray guns market which was affected, markets of all the automotive, oil & gas and industrial equipment industry witnessed a considerable dip. The automotive and aerospace industry being one of the potential end-users was one of the earliest commercial segments to get approval for getting back to work with minimum workers in few regions, raised the hopes for the thermal spray guns market to get back on to the track.
However, uplifting of complete lockdown has begun in almost all regions showing a ray of hope for the thermal spray guns market to bounce back strongly and reach it desired potential by the second quarter of 2021.
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Segmentation Analysis of Thermal Spray Guns Market
The global thermal spray guns market is classified into four major segments: by thermal spraying process, technology, application, end-use industry and region.
Based on thermal spraying process, thermal spray guns market has been segmented into:
Based on technology, thermal spray guns market has been segmented as follows:
- Cold spray
- Flame spray
- Plasma spray
- High Velocity Oxygen Fuel (HVOF)
- Electric Arc spray
Based on application, thermal spray guns market have been segmented as follows:
- Thermal Protection
- Wear Resistance
- Corrosion Resistance
- Dimension restoration
Based on end-use industry, thermal spray guns market have been segmented as follows:
- Industrial Machineries
- Oil & Gas
- Medical Devices
- Energy & Power
Based on geographic regions, thermal spray guns market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Thermal Spray Guns Market: Regional Outlook
Considering the regional classification, the report “Thermal Spray Guns” delivers categorical study on six prominent regions which include North America, Europe, Latin America, East Asia, South Asia & Oceania, and Middle East & Africa.
The demand for thermal spray guns is dominated by North America. Increased urbanization and modernization, rising personal disposable income, and growing demand from various end-use industries, such as aerospace, automotive and medical devices are all contributing to this development. The demand for thermal spray guns is also expected to develop due to the easy availability of raw materials and the presence of big ticket manufacturing industries in the region.
Moreover, China’s thermal spray guns market is expanding at a healthy rate, mirroring the country’s aerospace and automotive manufacturing sectors. Thermal spray guns have application for thermal coatings which are used as shield steel mills in China, which is one of the world’s largest producers of steel. This regional development has been owing to major market demand for thermal spray guns.
The European market for thermal gas spring is majorly dominated by aerospace and automotive industry. On the flip side, Middle East & Africa and Latin America contributes nominal shares under the thermal spray guns market.
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Thermal Spray Guns Market: Key players
Taking automotive and industrial machineries industry into consideration, the market structure of thermal spray guns is partially fragmented as more than moderate numbers of players are serving to the demand for thermal spray guns. Across the globe,
- Praxair S.T. Technology, Inc.
- Oerlikon Metco
- Lincotek Equipment S.p.A, Aimtek
- Metallisation Limited
- Flame Spray Technologies B.V
- Graco Inc
- And Saint-Gobain Coating Solutions are prominent market players of thermal spray guns.
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