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SAN FRANCISCO, April 20, 2021 /PRNewswire/ -- The global thermal spray coatings market size is projected to
reach USD 14.1 billion by 2028, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. The global market is anticipated to be driven by the increasing product application scope owing to advantages, such as wear and corrosion protection, low toxic gas emissions, thickness capability, and electrical resistance.
Key suggestions from the report:
The aerospace application segment dominated the market with a revenue share of 32.2% in 2020
The high growth is attributed to the wide product usage in aerospace applications as it helps reduce the high-temperature effects on components and increase their lifespan