Cold Gas Spray Coating Market Growth & Trends
The global cold gas spray coatings market size is expected to reach USD 1.42 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2023 to 2030. This is attributable to the growing demand for cold gas spray coating from the aerospace industry as a repair technique for lightweight aerospace alloys. Increasing demand for component repair solutions that are extremely durable and provide improved chemical stability is projected to fuel the market growth over the forecast period.
Cold gas spray coatings are increasingly being used in the medical sector for various applications, including dental implants and orthopedic prostheses. They are used in tooth implants, hip joints, knee joints, bone nails, elbow joints, shoulder joints, and a few other types of implants. Implants need to be corrosion-resistant and biocompatible and need to have the ability to withstand an enormous load. For orthopedic implants, a bone-friendly surface finish is required. Cold gas-sprayed coatings using titanium have a rough surface, which gives bone cells the necessary space for the ingrowth process, thus making the product ideal for use in the medical sector. The increasing use of medical devices, coupled with the rising aging population and expanding healthcare industry, is expected to drive product demand over the forecast period.
The market in the Asia Pacific is primarily driven by the growing application of cold gas spray coatings in the transportation and medical industries. Increasing demand for lightweight components in various end-use industries, especially aerospace, medical, electrical, and electronics, coupled with the robust manufacturing base of the automotive industry in China, Japan, and India, has created new growth opportunities for product manufacturers in the region. They are majorly used to repair or coat metal and polymer components to increase their durability and service life. Therefore, the increasing use of lightweight components in the automotive and aerospace industries is expected to drive the demand for cold gas spray coatings over the forecast period.
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Cold Gas Spray Coating Market Report Highlights
The North America market was valued at USD 384.0 million in 2022 and is estimated to witness significant growth of 4.6% from 2023 to 2030. This is attributable to the shifting focus of the automotive industry in the U.S. toward fuel-efficient and electricity-powered cars has resulted in the extensive use of high-performance materials for manufacturing auto components
The transportation end-use segment led the market and accounted for more than 52.9% share of the global revenue in 2022. The rising adoption of cold gas spray coating in aerospace and automotive aftermarket repair and maintenance activities is expected to drive the segment
Low-pressure cold gas spray coating technology is expected to expand at the fastest CAGR of 4.5% from 2023 to 2030 as it offers uniform coating thickness and lower porosity, results in more consistent and predictable coating
In August 2021, Lincotek Equipment formed a strategic alliance with Uniquecoat Technologies LLC to foster the expansion of HVAF coatings in the European market. Uniquecoat Technologies LLC specializes in the research and development of thermal processes and offers a diverse range of thermal spray systems and related equipment for manufacturing purposes
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