SAN FRANCISCO, September 17, 2015 /PRNewswire/ --
The global thermal spray coating market is expected to reach USD 12.29 billion by 2022, according to a new study by Grand View Research, Inc. Growing need for corrosion resistant coating in aerospace and industrial gas turbines (IGT) is expected to fuel demand over the next seven years.
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"Automobile Mission Plan" introduced by the Government of India in 2006 for a period of 10 years is expected to provide impetus to the automotive industry, in turn positively impacting demand over the forecast period.
Increasing application scope in medical, textile, and paper industry on account of superior properties such as enhanced traction, electrically conducive nature, biocompatibility oxidation and cavitation resistance is expected to promote market.
Browse full research report with TOC on "Thermal Spray Coating Market Analysis By Product (Metal, Ceramic, Intermetallic, Polymer) By Application (Aerospace, Industrial Gas Turbine, Automotive) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/thermal-spray-coatings-market
North America and Europe are expected to witness substantial market growth in light of increasing use in healthcare industry for the manufacturing of bioceramic coating used in implants. These coating are both biocompatible and corrosion resistant making them ideally suited for use in the application.
Replacement of hard chrome by thermal spray coating in various aerospace and automotive applications is expected to result in high growth over the forecast period.
Further key findings from the study suggest:
Grand View Research has segmented the global thermal spray coating market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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