The medical sector is also accepting cold gas spray coating for various uses, further leading to market expansion. Moreover, the customer electronics sector is witnessing significant growth because of the increasing disposable incomes, leading to more demand for cold gas spray-coated components in this sector. With several sectors observing the advantages of cold gas spray coating, the market is poised for continued growth for the forecast period.
However, the market may face several challenges because of the impact of the cost of raw materials. The high costs linked with the extraction process of ore & strict government policies for the mining & metals sectors impact the costs of raw materials utilized in manufacturing cold gas spray coatings. Additionally, the ongoing trade war between the China & United States has resulted in more tariffs, which could further bring volatility to the prices of raw materials in the coming years. These factors work as restraints for the cold gas spray coating market's growth during the forecast period. Despite these challenges, the rising desire & need for cold gas spray coatings in several sectors are expected to propel market growth for the forecast period.
Research Scope and Analysis
By Technology
A segment of High-pressure technology dominates the cold gas spray coating market, with a maximum share in 2023. This technology is extensively utilized for the repairing of surfaces & coating techniques in several sectors, such as automotive, aerospace, & electronics. It is mainly used for repairing metallic components, enhancing the performance of equipment, & enhancing their working life in these sectors. applying pressure up to 50 bars, using axial injection to propel heated raw material particles at a temperature above 1099°C leading to more metal deposition with less oxide & porosity levels while the build-up of material. The procedure provides numerous benefits when compared to other coating processes. It works at lower temperatures, decreasing the chances of the risk of substrate damage. The resulting coatings are dense & have better mechanical characteristics because of the speedier effect of powder particles, leading to enhanced adhesion between the substrate & coating.
Moreover, low-pressure cold gas spraying is another coating technique used for repairing & maintaining light & flexible metal parts across diverse sectors. This method utilizes the surrounding atmosphere as the driving force and works at lower pressure & temperature conditions, making it an economical surface repair & coating technique.
By End-Use
The segment of transportation dominates the market with a maximum share in 2023. This dominance can be credited to the rising acceptance of cold gas spray coatings for repairing & coating several parts in the automotive & aerospace sectors. In the automotive industry, cold gas spray coatings play an important role in improving the performance of vehicles by protecting them against fretting, wear, & corrosion. Several manufacturers in automotive sectors are shifting towards cold gas spray coatings as it is more economical & provide better quality. As governmental policies favor lightweight vehicles and preference is given to fuel efficiency, the demand for cold gas spray coatings is increasing.
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Furthermore, in the aerospace sector, the cold gas spray coating technique has witnessed high demand for repairing & restoring housings of IDG utilized in civil aviation planes, for example, Airbus A330, Boeing 777 & Airbus A340, etc. The practicality & economic sustainability of this technology in dealing with & handling complex parts made of aluminum or magnesium alloys have set it as a preferred option in this field. Consequently, the cold gas spray coating sector has witnessed significant expansion, focusing on the requirements of the transportation sector & offering effective solutions for coating & repair tasks.
The Global Cold Gas Spray Coating Market Report is segmented on the basis of the following:
By Technology
- Low Pressure
- High Pressure
By End-Use