Lucintel Forecasts the Global Cold Spray Technology Market to Reach $1.4 billion by 2030
Lucintel Forecasts the Global Cold Spray Technology Market to Reach $1.4 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global cold spray technology market looks promising with opportunities in the aerospace, automotive, defense, electrical & electronics, and utility markets. The global cold spray technology market is expected to reach an estimated $1.4 billion by 2030 from $1.0 billion in 2024,at a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are the growing need from the aerospace industry for a method of lightweight aircraft alloy maintenance, the rising electrical & electronics industry in the APAC region, and increased interest in environmentally friendly coatings and sustainable agriculture.
A more than 150-page report to understand trends, opportunity and forecast in cold spray technology market to 2030 by material (nickel, copper, aluminum, titanium, magnesium, and others), service (cold spray additive manufacturing and cold spray coatings), end use (aerospace, automotive, defense, electrical & electronics, utility, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the material category, the aluminum segment will remain the largest segment over the forecast period due to its enhanced bonding and strength comparable to the bulk material.
Within the end-use category, aerospace will remain the largest segment due to the growing number of travelers by air combined with rising travel for business, tourism, and freight.
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In terms of regions, North America will remain the largest region over the forecast period due to increasing demand from the regionÄX%$%Xs thriving aerospace and defense, electronics, and automotive sectors, continuous studies investigating the use of cold spray technology for dimensional and damage restoration of different parts found in maritime boats and military vehicles.
Rustoleum, Henry Company, Sakrete, The Pontiac Paint Company, Nothing But Driveways, KBS Coatings, BASF are the major suppliers in the cold spray technology market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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