Market Overview
The
Global Cold Gas Spray Coating Market is expected to reach a valuation of
USD 1,101.6 Million in 2023, and it is anticipated to experience a
CAGR of 4.8% for the forecast period (2023-2032).
Cold gas spray coating, also known as CGS coating, is a thermal spray technique that involves propelling powder particles at high speeds using supersonic compressed gas, below their melting point temperatures. This process provides various benefits, such as better coating bond strength & high efficiency of deposition.
It is especially used for maintaining corrosive & structural parts that cannot be effectively maintained through the welding process. The CGS procedure is capable of depositing several materials like metals, composites, ceramics & polymers. When compared to other kinds of thermal sprays, cold gas spray coating stands out because of its capability to enhance hardness, improve adhesion strength, decrease porosity, & preserve the characteristics of source material particulates. These factors propel the growth of the market.
Market Dynamic
One of the major driving forces is the growing acceptance of cold gas spray coating in automotive & aerospace aftermarket repair & maintenance purposes. These coatings have changed the component repair systems across sectors, particularly in aerospace, where they have reduced maintenance expenses. Additionally, the rising utilization of amorphous & nanostructured substances in developed electrical device manufacturing has opened up new avenues for more opportunities for key players.
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.
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
- Electrical & Electronics
- Electric Motors & Generations
- Electrical Contacts
- Circuit Boards
- Refrigeration units
- Power Electronic Heat Sinks
- Transformers
- Semi-Conductors & Displays
- Electro-plating
- Bus Bars Fluid Handling
- Transportation
- Aerospace
- Rocket Motor Nozzles
- Jet Engine parts
- Exhaust systems
- Satellites
- Pumps
- Gearboxes
- Landing Gears
- Automotive
- Exhaust Systems
- Pistons & Cylinders
- Manifolds
- Piston Ring Heat Exchangers
- Break
- Crankshafts
- Valve seats
- Heated Glass
- Oil & Gas
- Gate Valves
- Drilling Components
- Utility
- Turbo Chargers
- Solar Heat & Solar Energy Components
- Power Boilers
- Nuclear
- Gas & Hydro-Steam Turbine
- Medical
- Dental Implants
- Orthopedic Prostheses
- Others
- Others
- Agriculture
- Agricultural Harvesting Components
Regional Analysis
North America dominates the market, with a maximum share in 2023. The region's dominance is due to the supportive government policies that support the usage of lightweight & better-performing parts in the automotive sector as an environmentally friendly substitute to traditional metals. However, the changing attitude of several manufacturing sectors, especially the electrical & electronics sector, shifted to Asian nations such as China & India, because of their lower labor costs, which has affected the regional demand, especially in non-automotive end-use sectors.
Furthermore, Europe has also shown growth in the cold gas spray coatings market because of the presence of nations with more military & defense investments, like Germany, Russia, France, & the United Kingdom. The aerospace & defense sectors in these nations have shown keen interest in using cold gas spray coatings to protect aircraft & satellite components. Therefore, Europe offers lucrative opportunities for cold gas spray coating manufacturers to serve the particular needs of these high-spending sectors. With a rising desire for more advanced protective solutions, Europe’s market is anticipated to observe growth in this market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The global market for cold gas spray coatings is characterized by consolidation, as it is dominated by a limited number of manufacturers worldwide. These companies are actively engaged in research and development to create new material systems with enhanced properties, encompassing a wide array of critical surface functionalities. The aerospace industry has been witnessing an increasing number of mechanical failures in components, leading to a surge in aftermarket repair and maintenance activities within the OEM market. This trend is expected to present considerable growth prospects for manufacturers of cold gas spray coatings in the foreseeable future.
Some of the prominent players in the Global Cold Gas Spray Coating Market are:
- Bodycote plc
- Flame Spray Technologies B.V
- Plasma Giken Co., Ltd.
- VRC Metal Systems, LLC
- ASB Industries, Inc.
- Curtiss- Wright Surface Technologies
- Praxair S.T. Technology, Inc.
- WWG Engineering Pte. Ltd.
- Concurrent Technologies Corporation
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Cold Gas Spray Coating Market:
The COVID-19 pandemic and the ensuing global recession had a mixed impact on the global cold gas spray coating market. On one hand, the pandemic led to disruptions in the supply chain, reduced manufacturing activities, and lowered consumer spending, which affected the demand for cold gas spray coatings in certain industries. However, on the other hand, the pandemic also highlighted the importance of advanced surface protection and repair technologies, especially in critical sectors like aerospace and automotive. As economies gradually recover from the recession, the demand for cold gas spray coatings is expected to rebound, driven by the need for cost-effective and reliable solutions for component repair and maintenance, as well as the growing adoption of lightweight and high-performance materials in various industries.
| Report Characteristics |
| Market Size (2023) |
USD 1,101.6 Mn |
| Forecast Value (2032) |
USD 1,677 Mn |
| CAGR (2023-2032) |
4.8% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Technology (Low Pressure and High pressure), By
End-Use (Electrical & Electronics, Transportation, oil
& Gas, Utility, Medical, and Others). |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Bodycote plc, Flame Spray Technologies B.V, Plasma
Giken Co., Ltd., VRC Metal Systems, LLC, ASB
Industries, Inc., Curtiss- Wright Surface Technologies,
Praxair S.T. Technology, Inc., WWG Engineering Pte.
Ltd., Concurrent Technologies Corporation, and
Other Key Players. |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Cold Gas Spray Coating Market is expected to reach a valuation of USD 1,101.6 Million in
2023.
The Global Cold Gas Spray Coating Market is expected to grow at a steady compound annual growth rate (CAGR) of 4.8% from 2023 to 2032.
North America dominates the market, accounting for a substantial revenue share of 39.6% in 2023.
Some of the prominent players in the Global Gas Spray Coating Market include Bodycote plc, Flame
Spray Technologies B.V, Plasma Giken Co., Ltd., VRC Metal Systems, LLC, and others.
Contents
1.1.Objectives of the Study
1.3.Market Definition and Scope
2.Cold Gas Spray Coating Market Market Overview
2.1.Global Cold Gas Spray Coating Market Market Overview by Type
2.2.Global Cold Gas Spray Coating Market Market Overview by Application
3.Cold Gas Spray Coating Market Market Dynamics, Opportunity, Regulations, and Trends Analysis
3.1.1.Cold Gas Spray Coating Market Market Drivers
3.1.2.Cold Gas Spray Coating Market Market Opportunities
3.1.3.Cold Gas Spray Coating Market Market Restraints
3.1.4.Cold Gas Spray Coating Market Market Challenges
3.2.Emerging Trend/Technology
3.4.PORTER'S Five Forces Analysis
3.6.Opportunity Map Analysis
3.11.Supply/Value Chain Analysis
3.12.Covid-19 & Recession Impact Analysis
3.13.Product/Brand Comparison
4.Global Cold Gas Spray Coating Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Product, 2017-2032
4.1.Global Cold Gas Spray Coating Market Market Analysis by By Product: Introduction
4.2.Market Size and Forecast by Region
5.Global Cold Gas Spray Coating Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Application, 2017-2032
5.1.Global Cold Gas Spray Coating Market Market Analysis by By Application: Introduction
5.2.Market Size and Forecast by Region
10.Global Cold Gas Spray Coating Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
10.1.1.North America Cold Gas Spray Coating Market Market: Regional Analysis, 2017-2032
10.2.1.Europe Cold Gas Spray Coating Market Market: Regional Trend Analysis
10.3.1.Asia-Pacific Cold Gas Spray Coating Market Market: Regional Analysis, 2017-2032
10.3.1.7.Rest of Asia-Pacifc
10.4.1.Latin America Cold Gas Spray Coating Market Market: Regional Analysis, 2017-2032
10.4.1.5.Rest of Latin America
10.5.Middle East and Africa
10.5.1.Middle East and Africa Cold Gas Spray Coating Market Market: Regional Analysis, 2017-2032
11.Global Cold Gas Spray Coating Market Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
11.1.Market Share Analysis
11.3.2.Financial Highlights
11.3.5.Key Strategies and Developments
11.4.2.Financial Highlights
11.4.5.Key Strategies and Developments
11.5.Reckitt Benckiser Group PLC
11.5.2.Financial Highlights
11.5.5.Key Strategies and Developments
11.6.2.Financial Highlights
11.6.5.Key Strategies and Developments
11.7.2.Financial Highlights
11.7.5.Key Strategies and Developments
11.8.GOJO Industries, Inc.
11.8.2.Financial Highlights
11.8.5.Key Strategies and Developments
11.9.2.Financial Highlights
11.9.5.Key Strategies and Developments
11.10.2.Financial Highlights
11.10.3.Product Portfolio
11.10.5.Key Strategies and Developments
11.11.Whiteley Corporation
11.11.2.Financial Highlights
11.11.3.Product Portfolio
11.11.5.Key Strategies and Developments
11.12.2.Financial Highlights
11.12.3.Product Portfolio
11.12.5.Key Strategies and Developments
11.13.Evonik industries, AG
11.13.2.Financial Highlights
11.13.3.Product Portfolio
11.13.5.Key Strategies and Developments
11.14.2.Financial Highlights
11.14.3.Product Portfolio
11.14.5.Key Strategies and Developments
12.Assumptions and Acronyms