Thermal Spray Service Market to reach USD 3.9 Bn By 2032,

From GlobeNewswire: 2024-11-19 04:00:00

The thermal spray service market is set to exceed $3.9 billion by 2032, driven by demand for high-performance coatings in aerospace and automotive industries. Technological advancements like HVOF and plasma spraying enhance coating properties for various sectors seeking corrosion-resistant solutions for equipment longevity. The HVOF segment is expected to reach $1.5 billion by 2032, catering to industries like aerospace, oil and gas, and energy. Aerospace leads in end-use applications, with North America holding a significant share and the automotive industry influencing market growth. Industries seek thermal spray coatings to improve performance and efficiency in critical components.



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