Cold Spray System Market Size, Share, Growth, And Industry Analysis, By Type (High Pressure Cold Spray (HPCS) and Low-Pressure Cold Spray (LPCS)), By Application (Coatings, Repair and Manufacturing), Regional Forecast To 2031

Updated On: 08 April 2024

Cold Spray System Market Report Overview

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The global cold spray system market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

Its expansion can be ascribed to the increased demand for new commercial aircraft and aviation parts as new markets and routes have been opening up as a result of rapid urbanization and globalization. Cold spray technology is employed in the aerospace sector to create a variety of components, such as structured elements, satellites, gearboxes, landing gear nozzles, engine parts, and other nonstructural components. Therefore, it is anticipated that during the course of the forecast period, the development of the aerospace industry will favorably affect the adoption of cold spray technology in the nation.

A high-speed gas jet is used to drive metal particles towards a metallic or non-metallic substrate during the solid-state coating process known as "cold spraying," where the particles plastically deform and condense on impact. Applications include restoring worn-out parts, offering corrosion, abrasion, and other surface protective coatings, as well as enhancing qualities like thermal and electrical conductivity. Cold spraying is sometimes referred to as kinetic spraying, high-velocity powder deposition, gas dynamic spraying, and kinetic energy metallization.

COVID-19 Impact: Reduced Demand for the Product to Hinder Market Growth

However, it is projected that the COVID-19 pandemic in many nations would soon reduce demand for the product, particularly in the automotive, aerospace, electrical, and electronics sectors. In order to adopt social distancing strategies to stop the spread of coronavirus, the bulk of operations in the aforementioned industries have been suspended or running at half output capacity.

Latest Trends

"Growing Usage of Advanced Nanostructured to Propel Market Growth"

Manufacturers of cold spray system should benefit financially from the growing usage of advanced nanostructured and amorphous materials in a variety of end-use industries, including electrical, electronics, and medical. As nano-crystalline materials are temperature-sensitive, it is possible to apply cold gas spray coating without compromising their advantageous microstructure. These components are currently commonly employed to create a variety of high-tech electrical devices, including sensors, circuit boards, and data management systems.

Cold Spray System Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into high pressure cold spray (HPCS) and low-pressure cold spray (LPCS).

In terms of product, high pressure cold spray (HPCS) is the largest segment.

• By Application Analysis

Based on application, the market can be divided into coatings, repair and manufacturing.

In terms of application, coatings are the largest segment.

Driving Factors

"Use of the Equipment in Various Industries to Accelerate Market Growth"

A coating process known as low-pressure cold spray system is frequently used to repair light and highly ductile metallic components found in a variety of end-use industries. Low-pressure cold gas spray technique runs under low pressure and low operating temperature settings and uses ambient air as the propellant. These characteristics distinguish it from the high-pressure cold spray technology and make it a low-cost surface repair and coating technique. The growth of low-pressure cold spray technology is anticipated to be constrained in the upcoming years by the increased use of metal alloys and low-ductile parts in the aerospace and automotive sectors.

"High-Pressure Cold Spray Systems to Provide Impetus to the Market"

The market leader and contributor to a larger portion of global income was the coating for high-pressure cold spray systems. In a variety of industries, including aerospace, automotive, and electronics, high-pressure cold spray system coating technology is frequently utilized as a surface repair and coating technology. In the aforementioned industries, it is mostly utilized in the repair of metallic components to enhance performance and lengthen the useful life of equipment. Using pressures of up to 50 bar and an axial injection of feedstock particles heated to a temperature of 11,000 C, high-pressure cold spray coating technology enables increased metal deposition rates with remarkably low oxide and porosity levels during the material build-up process.

Restraining Factors

"Low Porosity to Impede Market Expansion"

Cold spray coatings are highly suited for use in the automotive and aerospace industries because they have low porosity, excellent bonding, and an oxide-free coating both in the solid state and at low temperatures but inhalation of it can have serious side effects. Also, by shielding the parts from abrasion, corrosion, fretting, and erosion, cold gas spray coating extends the service life and enhances the performance of the vehicle. The majority of automakers turn to cold gas spray coating as a substitute technique to provide high levels of dependability, quality, and durability in affordable base materials.

Cold Spray System Market Regional Insights

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"North America to Dominate the Market Due to Strong Demand from End-Use Industries"

The cold spray system market share is dominated by North America, which also contributed a larger portion of worldwide revenue. Strong demand from end-use industries like transportation, utilities, electrical, and electronics is to blame for this. Throughout the forecast period, favorable government rules regarding the usage of lightweight, high-performance components in place of alloys and metals in the automobile industry are anticipated to fuel regional demand for cold gas spray coatings. The regional demand, particularly in end-use industries outside of the automobile industry, has been affected by the relocation of manufacturing industries, such as the electrical and electronics industry, to low-wage nations.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent cold spray system market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• VRC Metal Systems (U.S.)
• CenterLine (U.S.)
• Obninsk Center for Powder Spraying (OCPS) (Russia)
• Plasma Giken (Japan)
• Impact Innovations GmbH (Germany)
• Inovati (Hong Kong)
• Rus Sonic Technology (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.