Global Cold Gas Spray Coating Market is valued approximately at USD 1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2021-2027. Cold gas spray coating is used for repairing corrosive and structural components, which cannot be performed with welding. Growing use in the aerospace and automotive industry for aftermarket repair, rising utilization in medical industry and growing demand for consumer electronics are growing the demand for cold gas spray coating market. For instance, according to Statista, revenue of consumer electronics in Vietnam in 2020, saw increase of 34 percent over 2019 as it reaches over USD 1.3 billion. Furthermore, increasing application in oil and gas industry and advancements in spraying technology are expected to boost the demand in coming years. However, volatile economic conditions such as US-China trade war may hamper the growth during forecast period.
Among Asia Pacific, North America, Europe, Latin America, and Rest of the World, North America is dominating the world market in terms of revenue due to strong demand from end-user industries such as transport, electronics and others. Whereas, Asia Pacific is expected to grow with the highest growth rate during forecast period, owing to rising presence of prominent players in the region, due to cheap labor and easy availability of raw material.
Major market player included in this report are:
Plasma Giken Co., Ltd.
VRC Metal Systems, LLC
Flame Spray Technologies B.V.
Curtiss-Wright Surface Technologies
Rus Sonic Technology, Inc.
Praxair S.T. Technology, Inc.
ASB Industries, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Electrical & Electronics
Oil & Gas
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Cold Gas Spray Coating Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers