Anticipated Surge: Cold Gas Spray Coating Market Set for 4.4% CAGR by 2033

 

The cold gas spray coating industry valued at US$ 1.1 billion in 2023, is projected to witness steady growth, boasting a compound annual growth rate (CAGR) of 4.4% from 2023 to 2033. By the end of this period, the market is anticipated to surge to US$ 1.6 billion. This growth trajectory reflects increasing demand across various industries for efficient and cost-effective coating solutions, driven by factors such as technological advancements, growing industrialization, and the need for enhanced surface properties in diverse applications.

For the automotive and aerospace sectors, cold gas spray painting is essential because it reduces the costs associated with sustainability by preventing the need to replace corroded and damaged aircraft parts.

Advanced nanostructured and amorphous materials are being used in several verticals, including electronics, electrical, and medicine. As nano-crystalline materials are sensitive to temperature, cold gas spray could be used effectively without harming their advantageous microstructure.

Request Your Sample Report and Supercharge Your Business Strategy:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17915

High-pressure technology dominates the cold gas spray coating market, and the scene is expected to remain the same even going forward.

At the same time, the fact that cold gas spray coating gets adversely impacted by ore extraction processes’ costs can’t be ignored. This factor could restrain the cold gas spray coating market in the forecast period.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Cold Gas Spray Coatings Market.’ It has its team of analysts and consultants to look through the macros and micros of the cold gas spray coating market.

“With sustainability being the top priority, the demand for cold gas spray coating market is expected to grow on an exorbitant note during the forecast period”- insights shared by our key consultant at Future Market Insights.

Key Takeaways from Cold Gas Spray Coating Market

  • North America holds the largest market share, with the United States being subject to conducive government regulations related to the usage of high-class and lightweight components in the automotive sector as substitutes for metals and alloys.
  • Europe holds a significant market share, with the United Kingdom, France, Germany, and Russia leading from the front, especially for satellite and aircraft components.
  • Asia Pacific is expected to grow fastest in the cold gas spray coating market, with regions like India, Japan, and China primarily using cold gas spray coatings to repair and coat polymer and metal components and extend durability and operational life.

Competitive Cold Gas Spray Coating

  • VRC Metals, in July 2022, did unleash the C.A.M.P Site cold spray system.
  • Hannecard, in January 2021, did join forces to operate under the name ‘Hannecard Roller Coatings, Inc.’ The companies would be sharing their technology expertise to expand their services and portfolios.
  • EWI, in November 2021, announced the launching of its cold spray research center to unlock cold gas spray coating market potential.
  • Oerlikon, in March 2023, did acquire Riri to expand its offerings, in coatings in particular, significantly.

Key Companies Profiled

  • Plasma Giken Co., Ltd.
  • VRC Metal Systems, LLC
  • Curtiss-Wright Surface Technologies
  • Bodycote
  • Praxair S.T. Technology, Inc.
  • ASB Industries, Inc.
  • Fujimi Incorporated
  • Oerlikon Metco
  • Flame Spray Technologies B.V
  • Polymet Corporation

Global Cold Gas Spray Coating Market Segmentation

By Technology:

  • High Pressure
  • Low Pressure

By End Use:

  • Transportation
  • Aerospace
  • Automotive
  • Electrical & Electronics
  • Oil & Gas
  • Utility
  • Medical
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa

 

Comments

Post a Comment

Popular posts from this blog

Automotive Brake System & Components Industry – Driving Safety and Innovation

  The   automotive brake system and components industry   is estimated to reach a valuation of USD 69,403.5 million in 2023, with projections indicating growth to USD 109,862.1 million by 2033. The market is anticipated to achieve a notable CAGR of 4.7% over the forecast period. The automotive brake system and components industry is at the heart of vehicle safety and performance, continuously evolving to meet modern driving demands. With innovations in braking technology and increasing emphasis on vehicle safety standards, the industry is poised for robust growth. According to market insights, the demand for advanced brake systems and components is accelerating due to rising vehicle production, advancements in electrification, and stricter safety regulations globally. In-Depth Market Analysis:  A Complete Report Key Drivers of Growth Stringent Safety Regulations: Governments worldwide are enforcing stricter safety standards, mandating advanced braking systems such as...
Read more

Global Automotive Tire Market Expands with Surge in Vehicle Sales and Sustainable Mobility Solutions

  The global   automotive tire market   is poised for substantial growth, with its valuation expected to rise from USD 256.1 billion in 2025 to USD 471.7 billion by 2035, representing a compound annual growth rate (CAGR) of 6.3%. This growth is primarily driven by a significant increase in global vehicle production, including both passenger and commercial segments. Evolving consumer preferences for fuel-efficient, performance-oriented, and safer driving experiences are prompting tire manufacturers to focus on innovation in materials and design. The market is also benefiting from the surge in electric vehicles, which require specialized tire configurations to manage higher torque loads and ensure energy efficiency. Developing regions across Asia-Pacific, Latin America, and Africa are contributing heavily to demand growth due to ongoing industrialization, infrastructure development, and urbanization. Additionally, the rapid rise of e-commerce has boosted logistics and trans...
Read more

Valve Seat Inserts Market to Reach USD 9.8 Billion by 2035, Fueled by Emission Regulation & Automotive Production Growth

  The  valve seat inserts market  is likely to expand from USD 6.6 billion in 2025 to USD 9.8 billion by 2035. A CAGR of 3.9% is forecasted during this period. This expansion is driven by rising global automotive production, particularly in emerging markets, and increasingly stringent emission and fuel-efficiency regulations. The implementation of Euro 7 standards in Europe and the USA’s EPA Tier 3 norms has accelerated demand for high-precision inserts that enhance combustion efficiency and reduce pollutant output. As automakers aim to comply with increasingly aggressive carbon neutrality targets, precision engine components like valve seat inserts are essential for achieving optimal engine performance and reduced emissions. The automotive sector continues to be the dominant consumer of valve seat inserts, accounting for a significant share of market demand. These inserts play a crucial role in internal combustion engines by providing a durable sealing surface for intake...
Read more