Top Companies in Cold Spray Technology Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Cold Spray Technology Market is expected to reach USD 1.8 Billion by the year 2030 at recorded CAGR (Compound Annual Market Growth) of 6.2%.
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Vantage Market Research has recently published a new report on the “Cold Spray Technology Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the Cold Spray Technology Market. Some of the key statistics in this report highlight that Global Cold Spray Technology was valued at USD 1.2 Billion in 2022 and is expected to reach USD 1.8 Billion by the year 2030 at recorded CAGR (Compound Annual Market Growth) of 6.2%. The global Cold Spray Technology market will continue expanding due to rising demand from different end-user sectors, including automotive, healthcare, electronics, aerospace, energy, and manufacturing.
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The global Cold Spray Technology market is competitive and fragmented, with numerous established players and emerging companies. Some of the dominant companies operating in this market include Air Products and Chemicals Inc. (U.S.), ASB Industries Inc. (U.S.), Bodycote PLC (U.K.), Dukhon Ltd. (U.S.), Fujimi Corporation (Japan), H.C. Starck GmbH (Germany), H.C. Starck Solutions (U.S.), Innovnano (Portugal), and Oerlikon Metco, (Switzerland), among others. These companies mainly focus on expanding their product portfolio, developing new technologies, and enhancing their market presence through strategic collaborations, partnerships, and acquisitions. In addition, they are also investing in R&D projects to create advanced cold spray coatings with improved properties and performance and to cater to the evolving needs and demands of various end-user industries such as aerospace and defense, automobile, healthcare, and electronics.
Let’s Take a Look at the Top Market Players that are Captivating the Cold Spray Technology Market
- Air Products and Chemicals Inc. (U.S.)
Air Products and Chemicals, Inc. is a US-based company specializing in industrial gases, specialty chemicals, and advanced materials. The company has a global presence across over 50 countries, with over 300 offices and manufacturing plants. As of 2021, the company had approximately 19,000 employees. Air Products is committed to sustainability and has set a target of reducing carbon emissions by 30% by 2025.
- ASB Industries Inc. (U.S.)
ASB Industries, Inc. is a US-based company offering a range of thermal, cold, and laser cladding services. The company has a presence across the United States, with one office and manufacturing plant in Ohio. As of 2021, the company had approximately 40 employees.
- Bodycote PLC (U.K.)
Bodycote plc is a UK-based company providing various industries with thermal processing and surface technology services. The company has a global presence across more than 25 countries, with over 180 locations.
- Fujimi Corporation (Japan)
Fujimi Corporation is a Japan-based company that provides abrasive and polishing materials for various industries. The company has a global presence across more than ten countries, with over 20 locations. As of 2021, the company had approximately 3,000 employees. Fujimi is focused on expanding its business in the semiconductor and electronics sectors and has recently invested in new R&D facilities to support its growth.
- H.C. Starck GmbH (Germany)
H.C. Starck GmbH is a Germany-based company that specializes in advanced materials for various industries. The company has a global presence across more than ten countries, with over 20 locations. As of 2021, the company had approximately 2,000 employees.
- H.C. Starck Solutions (U.S.)
H.C. Starck Solutions is a US-based subsidiary of H.C. Starck GmbH, specializing in advanced materials for various industries. The company has a presence across the United States, with one office and manufacturing plant in Massachusetts. As of 2021, the company had approximately 250 employees.
- Innovnano (Portugal)
Innovnano is a Portugal-based company that specializes in advanced ceramic materials for various industries. The company has a global presence across more than ten countries, with one location in Portugal. As of 2021, the company had approximately 50 employees.
- Praxair Surface Technologies Inc. (U.S.)
Praxair Surface Technologies Inc., headquartered in Connecticut, USA, is a leading global supplier of surface enhancement solutions, including Cold Spray Technology. The company operates in North America, Europe, and Asia, with over 70 locations worldwide. Praxair has 12 cold spray equipment centers worldwide and employs around 27,000 people globally. The company aims to grow its product offerings and improve its customer service. In 2020, Praxair announced plans to build a new coating center in Malaysia to provide thermal spray coatings and cold spray applications to customers in the aerospace, automotive, and other industries. According to company data, Praxair had revenue of $11 billion in 2020.
- Oerlikon Metco (Switzerland)
Oerlikon Metco, headquartered in Switzerland, is a leading provider of surface solutions, including Cold Spray Technology. The company operates in North and South America, Europe, Africa, and Asia, with more than 50 locations worldwide. In addition, Oerlikon has several cold spray equipment centers worldwide and employs around 10,000 people globally. The company aims to continue expanding its operations and develop new technologies to meet its customers' needs. In 2020, Oerlikon Metco launched a new cold spray solution that enables the repair of additive-manufactured parts. According to company data, Oerlikon had a revenue of CHF 2.3 billion (approximately $2.5 billion) in 2020.
- Flame Spray Technologies (U.K.)
Flame Spray Technologies, headquartered in the UK, is a leading provider of surface coating solutions, including Cold Spray Technology. The company operates in Europe, Asia, and the Americas, with several locations worldwide. Flame Spray has four cold spray equipment centers worldwide and employs around 100 people globally. The company focuses on expanding its customer base and developing new products and technologies. In 2020, Flame Spray Technologies launched a new cold spray solution that provides wear and corrosion resistance to industrial components. Revenue details of the company are not publicly available.
- Impact Innovations Group (New Zealand)
Impact Innovations Group, headquartered in New Zealand, is a leading provider of surface engineering solutions, including Cold Spray Technology. The company operates in Australia, New Zealand, and the USA, with several locations worldwide. Impact Innovations has one cold spray equipment center in New Zealand and employs around 90 people globally. The company focuses on expanding its operations and developing new technologies to meet its customers' needs. In 2020, Impact Innovations Group launched a new cold spray solution that provides wear and corrosion resistance to marine components.
- TWI Ltd. (U.K.)
TWI Ltd., headquartered in the UK, is a leading research and technology organization that provides engineering services, including Cold Spray Technology. The company operates in Europe, Asia, and the Americas, with several locations worldwide. TWI has several cold spray equipment centers worldwide and employs around 800 people globally. The company aims to continue expanding its research and development activities and developing new technologies to meet its customers' needs. In 2020, TWI Ltd. launched a new cold spray solution that provides wear and corrosion resistance to offshore structures.
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