Cold Gas Spray Coatings Market: by Technology (High pressure and Low pressure), By End user (Petrochemical, Marine, Power Generation, Transportation, Civil Building and Infrastructure, Food and Beverage Plants and Others), and Region - Global Analysis of Market Size, Share & Trends for 2019-2021 and Forecasts to 2030
Cold gas spray coatings Market to surpass USD 3.2 Billion by 2030 from USD 1.1 Billion in 2020 at a CAGR of 5.4% in the coming years, i.e., 2021-30.
Cold gas spray coating is a sort of thermal spray technique. Powder particles are accelerated at extremely high speeds below their melting point temperatures using supersonic compressed gas. The cold gas spray coating process provides a high deposition ratio and an excellent coating bond strength. Coatings are utilized to fix corroded and structural aspects that cannot be repaired via welding. The cold gas spray process may collect a variety of materials, including composites, polymers, metals, and ceramics, and is typically used in four fields: dimensional restoration, electrical and thermal conductivity, corrosion prevention, and solder pre-placing. Because it increases hardness, lowers porosity, improves adhesion strength, and keeps feedstock powder properties, cold gas spray coating is preferred over other thermal spray methods.
Over the forecast period, increased usage of cold gas spray coating in aerospace and automotive aftermarket repair and maintenance activities is expected to aid market expansion. Cold spray coating technology, which has been utilized in different industries for decades as a coating method, has recently revolutionized the component repair field, particularly in the aerospace industry.
Global Cold gas spray coatings market is segmented by Technology into High pressure and Low pressure. The high-pressure segment held the largest market share in the year 2020. The high-pressure cold gas spray coating technique is widely utilized in a variety of industries, including aerospace, automotive, and electronics, as a surface repair and coating technology. It is mostly utilized in the aforementioned industries to repair metallic components to improve performance and extend the operating life of the equipment. The high-pressure cold gas spray coating method combines a pressure of up to 50 bar with an axial injection of feedstock particles heated to 11000 C, resulting in a faster metal deposition rate and lower oxide and porosity levels throughout the material build-up process.
Global Cold gas spray coatings market is divided by end-user into Petrochemical, Marine, Power Generation, Transportation, Civil Building and Infrastructure, Food and Beverage Plants, and Others. Over the forecast period, the transportation segment is projected to expand at the fastest pace. Over the forecast period, the growing demand for cold gas spray coatings for use in painting and repairing various components in the aerospace and automotive industries is expected to drive up demand for cold gas spray coatings. Cold gas spray coatings have low porosity, good bonding, and an oxide-free coating in the solid-state and at low temperatures, making them ideal for use in the automotive and aerospace sectors.
Rising industrialization and increased demand in various applications
The growing application of cold gas spray coatings in a wide range of materials for specific applications, including repair and surface finishing, is a key factor driving the market growth. Other key factors driving market growth include rising consumer electronics demand, rising disposable income, rapid urbanization, expanding middle class and shifting consumer spending priorities, rising automotive production in APAC, rising MEA aviation industry growth, and rising consumer electronics demand. Furthermore, rising market research and development efforts, as well as an increase in market research and development activities, will provide new chances for the cold gas spray coating market in the forecast year.
Increased investment in research and development and technology adoption
The increased use of cold gas spray painting by the aerospace and automotive industries has given the market a head start in economically developing nations. The broad application range of cold gas spray coating at a relatively low cost is attracting end-users attention in the industry. The usage of nanostructured and formless materials in various end-user production units is expanding the cold gas spray coating industry's potential. The technology involves no chemical heating or melting at any point during the process, making it an environmentally benign technology that emits no hazardous gases. The recyclable end waste of cold gas spray painting is opening the path for long-term adoption of technology and is expected to generate significant product demand throughout the projection period.
Tariffs imposed by the government
Temporary halting of mining operations around the world, government-mandated shutdowns, and several import tariffs imposed by the US government as a result of the ongoing trade war between the US and China are among the major factors acting as restraints and will pose a further challenge to the growth of the cold gas spray coating market during the forecast period.
Global Cold gas spray coatings market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market in North America is expected to hold the highest CAGR over the forecasted period. It dominates the cold gas spray coating market due to increased demand from end-use segments such as transportation, utility, and electrical and electronics, as well as favorable government regulations, increased demand for consumer electronics, increased disposable income, and rapid urbanization in this region. The rise in the utilization of sophisticated nanostructured and amorphous materials in various end-use industries in Europe is likely to drive growth in the cold gas spray coating market.
|Market size value in 2020
|USD 1.1 Billion
|Revenue forecast in 2030
|USD 3.2 Billion
|CAGR of 5.4% from 2021 to 2030
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2030
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Technology, end-user, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|Inovati, Plasma Giken Co., Ltd., VRC Metal Systems, LLC, Flame Spray Technologies B.V., Curtiss-Wright Surface Technologies, Rus Sonic Technology, Inc., Medicoat AG, Bodycote, ASB Industries, Inc. and Other Prominent Players.
The Cold gas spray coatings Market size was estimated at USD 1.1 billion in 2020 and is expected to reach 3.2 billion by 2030.
Key players: Inovati, Plasma Giken Co., Ltd., VRC Metal Systems, LLC, Flame Spray Technologies B.V., Curtiss-Wright Surface Technologies, Rus Sonic Technology, Inc., Medicoat AG, Bodycote, ASB Industries, Inc. and Other Prominent Players.
High-pressure segment and Transportation segment are anticipated to hold the largest Cold gas spray coatings Market.
Drivers: Rising industrialization and increased demand in various applications and Increased investment in research and development and technology adoption
Cold gas spray coating is a sort of thermal spray technique. Powder particles are accelerated at extremely high speeds below their melting point temperatures using supersonic compressed gas. The cold gas spray coating process provides a high deposition ratio and an excellent coating bond strength. Coatings are utilized to fix corroded and structural aspects that cannot be repaired via welding.
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