PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320180
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320180
Cold Gas Spray Coating Market size was valued at USD 1,306.7 Million in 2022, expanding at a CAGR of 5.8% from 2023 to 2030.
Cold gas spray coating, also known as cold spray or kinetic spraying, is a materials deposition process in which metallic or non-metallic particles are sprayed onto a substrate to form a coating. Cold gas spray coating is useful for repairing surface damage on a wide range of components, particularly in the aerospace and automotive industries. Cold spray technology can be used in additive manufacturing, where materials are deposited layer by layer to build a part. Cold spraying is considered ecologically safe since it uses inert gases and produces less waste than standard coating processes. Furthermore, it emits no noxious gases and does not necessitate the use of dangerous chemicals.
The rising adoption of cold gas spray coating in aerospace and automotive aftermarket repair and maintenance activities is projected to assist the growth of the market over the forecast period.
The cold gas spray coating process, often known as cold spray, is becoming more used in a variety of industries, including aerospace and automotive. The aerospace industry is always looking for new ways to increase aircraft longevity, performance, and safety. The capacity of cold gas spray coating technology to repair and restore worn or damaged parts, decreasing heat damage and prolonging component lifespan, is in line with industry requirements. The U.S. aerospace and defense (A&D) industry saw more than USD 874 billion in total sales revenue in 2020, according to Aerospace Industries Association. Continued investment in research and development could result in advances in technology that reduce costs, broaden its use to a wider range of materials, and increase coating quality. However, the initial investment necessary for cold gas spray painting equipment can be substantial, which may hinder smaller enterprises or those in resource-constrained areas.
The Global Cold Gas Spray Coating Market is segmented on the basis of Product Type, Application, and Region.
The market is divided into three categories based on product type: High Pressure and Low pressure. High Pressure dominates the market. High-pressure cold gas spray coating, also known as Cold Spray or Kinetic Spray, is a solid-state coating method in which powder particles are accelerated against the surface with a high-speed gas jet.
The market is divided into two categories based on application: Transportation, Automotive, Oil & Gas, Utility, Medical Other. Medical. The Medical sector dominates the market and is likely to maintain its dominance during the forecast period. Cold spray coating technology has the potential to be effective in the medical industry, notably in the fields of medical implants and equipment. Cold spray coatings can improve the performance and lifetime of a variety of medical devices. It might, for example, be used to apply corrosion-resistant coatings on surgical tools or to apply conductive coatings to devices such as pacemakers.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to drive the growth of the Cold Gas Spray Coating Market, due to an increase in the use of cold gas spray coating in the medical and transportation industries. North America has one of the world's largest automotive markets, with major participants in both the manufacturing and maintenance sectors. The rising use of cold gas spray coating for automobile repair and maintenance presents a significant opportunity for market expansion. The United States has one of the largest automotive markets in the world. In 2020, U.S. light vehicle sales were 14.5 million units. Overall, the United States is the world's second-largest market for vehicle sales and production. Autos Drive America reports that international automakers produced 5 million vehicles in the United States in 2020, according to the international trade administration.
Cold gas spray coating services are in high demand across several industries, including aerospace, automotive, electronics, and the medical sector. These sectors require high-quality, long-lasting coatings for parts and equipment, and cold gas spray painting can frequently achieve these requirements more effectively than standard coating processes. The cold gas spray coating market's competitive landscape includes various kinds of companies. These can range from major international enterprises that provide a wide range of coating services to smaller businesses or startups that specialize in cold gas spray coating. Furthermore, research organizations and universities frequently play an important role in the development of innovative cold gas spray technologies and applications.
In March 2020, Praxair Surface Technologies (PST) and Siemens signed a new agreement to strengthen their continuous relationship. The new contract covers a range of coating services across all Siemens products. Aerospace and industrial gas turbines components such as blades, vanes, casings, and discs will be coated by PST's aluminizing, platinum aluminizing, slurry, and thermal spray processes
The scope of this report covers the market by its major segments, which include as follows: