Flourishing Automotive Sector to Aid in Growth of Thermal Spray Materials Market
Witnessing a 7.4% CAGR during the forecast period (2019u20132024), the thermal spray materials market is predicted to reach $2,869.2 million by 2024, from $1,860.8 million in 2018. Growing demand for thermal sprays in biomedical devices, aircraft, and automobiles are driving the market. The coating material available in a wire/rod or powered form, which is applied on different components at a high temperature to provide protection against wear and tear, corrosion, erosion, and other damages, is termed as thermal spray material.
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