Thermal Spray Coatings Market Size and Forecast by 2027 researchcmfe.com

The Global Thermal Spray Coatings Market was estimated at USD 9.60 billion in the year 2020 and is expected to reach USD 13.90 billion by 2027. The market is growing with a CAGR of 5.4%, in the forecast period (2017-2027). The major factor attributing to the growth in thermal spray coatings market is the rising application of thermal spray coatings in aerospace industry. Aircraft’s components function in harsh environments, thus, exposed to high heat, abrasive chemicals and pressure.