Global Cold Gas Spray (CGS) Coating Market was valued at US $ 120.67 million in 2022 and is expected to reach US $701.0 million by 2030 growing at a CAGR of 24.60% during the forecast period 2023 – 2030.
The cold gas spray coatings market is a thriving segment within the broader surface engineering industry. It encompasses the production, advancement, and application of coatings using the cold gas spray method. This cutting-edge technique involves propelling metal or composite particles at high speeds through a gas jet, typically nitrogen or helium, onto the surface of a substrate. The impact of these rapidly moving particles results in the creation of robust adhesive bonds and the formation of dense, corrosion-resistant coatings on a variety of materials, including metals, polymers, ceramics, and composites.

These coatings offer a multitude of advantages, including the extension of component lifespan, reduced maintenance expenses, improved performance, safeguarding against corrosion, and a commitment to environmental sustainability. The market serves a diverse array of industries, including aerospace, automotive, energy, medical, electronics, and more, all of which rely on the technology to provide protective, high-performance, and lightweight components. The cold gas spray coatings market is characterized by its continuous drive for innovation, adaptability to meet specific industry needs, and a growing emphasis on sustainability and environmental consciousness.

Some of the benefits of designing a Cold Gas Spray (CGS) Coating Market include:

• Prolonged Component Lifespan: Cold gas spray coatings bolster the durability of components by shielding them from wear, corrosion, and the impact of environmental factors. This leads to reduced maintenance costs and fewer instances of component replacement.
• Featherweight Solutions: Cold gas spray coatings can be expertly applied in thin layers, reducing the overall weight of components while preserving their structural integrity. This attribute holds significant value in industries such as aerospace and automotive, where lightweight materials are indispensable for fuel efficiency and peak performance.
• Elevated Performance Levels: Cold gas spray coatings have the ability to elevate the performance of components by mitigating friction, enhancing resistance to high temperatures, and bolstering thermal or electrical conductivity. This added performance benefit holds significance across a spectrum of industries, spanning from healthcare to electronics.
• Robust Corrosion Protection: This technology furnishes robust corrosion protection, a critical feature in industries like marine, offshore operations, and the oil and gas sector where components endure extreme environmental conditions.
• Environmental Considerations: Cold gas spray coatings are an environmentally friendly choice, producing fewer detrimental emissions and waste in comparison to certain conventional coating methods. This aligns seamlessly with sustainability and broader environmental objectives.

COVID -19 Impact

The COVID-19 pandemic brought about a mixed set of impacts on the cold gas spray coating market. It introduced challenges such as supply chain disruptions, reduced manufacturing activity, and economic uncertainty, which temporarily slowed down the growth of the industry. Many businesses became more cautious about investments in technology due to budget constraints and the shift in focus towards essential industries. Delays in research and development activities and the adoption of remote work practices further affected the market.

On the positive side, the pandemic underscored the importance of coatings for hygiene and protection, increasing interest in solutions like cold gas spray coatings. The adaptability of these coatings in enhancing component durability and performance also gained prominence as industries sought resilient solutions to ensure the reliability of essential equipment. As the world continues to adapt to the ongoing challenges and seeks to build more resilient and efficient industries, the cold gas spray coating market is expected to regain momentum. Industries that value the protective and performance-enhancing properties of cold gas spray coatings, as well as those committed to lightweight, sustainable solutions, are likely to drive the market's growth in the post-pandemic era.

Factors Driving the Market

Drivers

Increasing adoption of cold gas spray coating in the aerospace industry

The increasing adoption of cold gas spray coating in the aerospace industry serves as a powerful catalyst for the market's growth. This trend is rooted in the aerospace sector's crucial need for lightweight, high-performance, and long-lasting components. Cold gas spray coatings effectively meet these requirements, offering a compelling solution for the industry's critical challenges. These coatings enhance the performance of vital aerospace components, providing resistance against wear and corrosion, ultimately extending their operational lifespan. In an industry where material savings and environmental considerations are paramount, cold gas spray coatings offer a notable advantage by reducing material costs and minimizing environmental impact. As the aerospace sector continually pushes the boundaries of technology, cold gas spray coatings represent an innovative and efficient solution that is well-aligned with its goals. Their adoption not only enhances safety and reliability but also contributes to the industry's ongoing commitment to sustainability and cost-efficiency, positioning cold gas spray coatings as a driving force behind the growth of the market.

Rising demand for cold gas spray coating in the medical industry

The increasing demand for cold gas spray coating in the medical industry stands as a pivotal driver behind the market's robust growth. This surge is rooted in the medical sector's exacting requirements for biocompatible, corrosion-resistant, and high-performance components. Cold gas spray coatings prove instrumental in meeting these demands, ensuring the safety, longevity, and efficacy of medical devices and implants. By providing resistance to corrosion, minimizing wear, and enhancing the performance of vital medical components, they contribute to improved patient outcomes and quality of care. Moreover, their ability to minimize friction in surgical instruments and even incorporate antimicrobial properties aids in infection control, a critical concern in the medical field. Compliance with stringent regulatory standards and a commitment to innovation further solidify the appeal of cold gas spray coatings in this industry. With their potential for long-term cost-efficiency, these coatings emerge as a favored choice for the development and maintenance of medical devices, driving market growth in the process.

Challenges

Lack of skilled workforce

The high cost of equipment in the cold gas spray coating industry exerts a substantial influence on market growth. It creates barriers to entry, limiting access for smaller enterprises and potentially delaying market expansion. Additionally, businesses may be hesitant to invest in costly equipment, slowing the adoption rate. Operating and maintenance expenses further contribute to the financial burden, potentially deterring potential users and affecting market expansion. High equipment costs can also hinder manufacturers and service providers from offering competitive pricing, limiting their ability to attract clients and expand their market share. Moreover, the necessity for significant research and development investment places a strain on resources, potentially delaying the development of more cost-effective solutions. This high cost may also restrict accessibility in emerging markets and steer potential users toward more affordable, albeit less advanced, alternatives. To address these challenges, stakeholders can explore options like leasing arrangements, cost-efficient feedstock materials, and research into more economical equipment. Government incentives and subsidies can further alleviate the financial strain on users, fostering wider adoption of cold gas spray coatings and supporting market growth.

Trends

Growing demand for cold gas spray coating in emerging markets

The increasing demand for cold gas spray coating in emerging markets is poised to be a catalyst for substantial market growth. These burgeoning economies are witnessing rapid industrial expansion, particularly in sectors like automotive, aerospace, electronics, and energy, all of which rely on cold gas spray coatings for surface enhancement, wear resistance, and corrosion protection. Furthermore, the adoption of advanced manufacturing technologies and the global trend toward lightweight components align perfectly with the capabilities of cold gas spray coatings. With a focus on local production, environmental sustainability, and cost-efficiency, this versatile technology is finding a receptive audience in emerging markets. Additionally, government initiatives that promote advanced manufacturing and technology adoption provide further impetus, making the cold gas spray coating market a pivotal player in the modernization of industries in these regions.

Market Segmentation

By Technology

• The High Pressure dominated the Cold Gas Spray (CGS) Coating Market
• The Low Pressure is the fastest growing segment, growing at a CAGR of 7.8% during the forecast period.

By Technology, the global Cold Gas Spray (CGS) Coating Market is divided into High Pressure, Low Pressure.
In 2022, the dominant force in the market was high-pressure technology, claiming a substantial revenue share of more than 54.7%. This can be attributed to its widespread utilization as a surface repair and coating solution across a diverse spectrum of industries, including aerospace, automotive, and electronics. Its primary application revolves around enhancing the performance and extending the operational lifespan of metallic components in these sectors. High-pressure cold gas spray coating technology employs pressures of up to 50 bar, along with an axial injection of heated feedstock particles reaching temperatures of 1100°C. This results in a higher metal deposition rate while maintaining exceptionally low levels of oxide and porosity during the material build-up process.

Conversely, low-pressure cold gas spraying serves as a coating technique primarily chosen for repairing lightweight and highly ductile metallic components employed in various industries. It operates using ambient air as a propellant, functioning under conditions of lower pressure and reduced operating temperatures. These characteristics contribute to its reputation as a cost-effective surface repair and coating technology, providing a competitive advantage over high-pressure cold gas spray technology. However, it's worth noting that the increasing use of metal alloys and low-ductile components in the aerospace and automotive sectors is anticipated to curtail the growth of low-pressure cold gas spray technology in the near future.

By End-user

• The Transportation segment dominated the Cold Gas Spray (CGS) Coating Market in 2022.
• Automotive is the fastest growing segment, growing at a CAGR of 6.5% during the forecast period.

By End-Use Industries the Cold Gas Spray (CGS) Coating Market is divided by Transportation, Automotive, Oil Gas, Utility, Medical, Other End-Users.

In 2022, the transportation sector took the lead in market dominance, commanding a substantial share of over 43.9% of the total revenue. This remarkable position is a direct result of the increasing need for cold gas spray coatings in both the aerospace and automotive industries. These coatings have gained prominence due to their ability to efficiently coat and repair various components. Notably, cold gas spray coatings exhibit advantageous properties, including low porosity, strong bonding, and the ability to provide oxide-free coatings at solid-state and low temperatures. These characteristics render them exceptionally well-suited for use in the automotive sectors. At present, the most prominent and rapidly expanding sectors utilizing cold gas spray coatings are automotive industries. This surge in popularity is driven by the growing need for lightweight and resilient components in these sectors. Cold gas spray coating stands out as a remarkably efficient method for applying thin, compact coatings to a diverse range of materials, encompassing metals, polymers, and ceramics. This characteristic makes it exceptionally well-suited for industries where the use of lightweight components is imperative.

By Region

• The North America region dominated the Cold Gas Spray (Cgs) Coating Market in 2022.
• The APAC region is the fastest growing segment, growing at a CAGR of 9.8% during the forecast period.

By region, the global Cold Gas Spray (CGS) Coating Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.
In 2022, North America held a dominant position in the market, accounting for 42.2% of the total revenue. This stronghold can be attributed to favorable government regulations that encourage the adoption of lightweight, high-performance components within the automotive industry, offering a compelling alternative to traditional alloys and metals. These regulations are expected to fuel the regional demand for cold gas spray coatings in the coming years. However, the relocation of manufacturing industries, notably in the electrical and electronics sector, to Asian countries known for lower labor costs, especially India and China, has posed challenges to regional demand, particularly in non-automotive applications. Conversely, in the Asia Pacific region, the primary growth driver for cold gas spray coating is the increasing adoption of this technology in the medical and transportation industries. The region is witnessing a rising demand for lightweight components across various sectors, including aerospace, electrical and electronics, and medical. China, Japan, and India, with their robust production infrastructure, offer promising opportunities for the expansion of cold gas spray coating manufacturers. These coatings find extensive use in repairing and enhancing the durability of both metal and polymer components.

Competitive Landscape

The global Cold Gas Spray (CGS) Coating Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• Plasma Giken Co., Ltd.

Plasma Giken Co., Ltd. is a Japanese firm renowned for its expertise in manufacturing cold gas spray coating systems and equipment. Established in 1980, the company is headquartered in Yorii, Saitama Prefecture, Japan. Plasma Giken stands as a global leader in the field of cold gas spray technology, with its products finding applications across diverse industries such as aerospace, automotive, energy, and medical. Cold gas spray coating is a sophisticated surface engineering technique that employs a high-velocity gas jet to propel and accelerate metal powder particles onto a substrate. Upon impact, these powder particles possess substantial kinetic energy, leading to deformation and strong adhesion to the substrate surface. This versatile method can be harnessed for creating a wide spectrum of coatings, including those designed to resist wear, corrosion, and function as thermal barriers.

• Praxair S.T. Technology, Inc.

Praxair S.T. Technology, Inc., commonly known as Praxair STT, is a prominent global provider of cutting-edge cold gas spray coating solutions. Established in 1993, this company has its headquarters in Indianapolis, Indiana, USA, and operates as a subsidiary of Linde plc, a distinguished global leader in the industrial gas and engineering industry. Cold gas spray coating stands as a specialized surface engineering process that harnesses a high-velocity gas jet to propel metal powder particles onto a substrate. Upon impact, these powder particles carry significant kinetic energy, facilitating their deformation and secure adhesion to the substrate's surface. This versatile method is instrumental in crafting a diverse array of coatings, ranging from those designed to withstand wear and corrosion to those serving as effective thermal barrier coatings.

• ASB Industries, Inc.

ASB Industries, Inc. is a prominent player in the realm of industrial coating services, offering an array of solutions that encompass thermal spray and cold spray coatings. Established in 1946, this company is headquartered in Barberton, Ohio, USA, and caters to an extensive clientele spanning various industries, such as aerospace, automotive, energy, and medical. Thermal spray coating represents a sophisticated surface engineering procedure involving the utilization of a high-velocity gas jet to propel molten metal particles onto a substrate. Upon impact, these molten metal particles carry substantial kinetic energy, leading to deformation and secure adhesion to the substrate's surface. The applications of thermal spray coating are multifaceted, with the capability to generate diverse coatings, ranging from those tailored to resist wear and corrosion to those designed as effective thermal barrier coatings.

• Bodycote plc
• Flame Spray Technologies BV
• VRC Metal Systems
• CenterLine (Windsor) Limited
• WWG Engineering Pte. Ltd.
• Curtiss-Wright Surface Technologies
• Oerlikon Metco
• Impact Innovations GmbH
• Concurrent Technologies Corporation
• Effusiontech Pty Ltd (SPEE3D)
• Titomic Limited
• Polymet Corporation
• Fujimi Incorporated
• Metco, Inc.
• Advanced Thermal Spray Systems
• HVOF Systems, Inc.
• Surftech Coatings

Recent Developments

• In March 2023, Oerlikon, a renowned global innovator in the fields of polymer processing, surface engineering, and additive manufacturing, successfully finalized the acquisition of Riri. This strategic move positions the company to significantly broaden its product portfolio, with a particular focus on expanding its offerings in the realm of coatings.
• In November 2022, EWI, a preeminent player in the engineering and technology sector, unveiled its state-of-the-art Cold Spray Research Center. This cutting-edge facility is dedicated to harnessing the potential of cold spray technology. Its primary mission revolves around the development of novel cold spray coating materials and processes, alongside enhancing the performance and efficiency of existing cold spray systems.
• In July 2022, VRC Metal Systems, a prominent manufacturer of equipment for cold gas spray coatings, introduced the C.A.M.P Site cold spray system. This innovative, portable system is designed to be utilized in remote locations, including oil and gas rigs and offshore platforms, providing a flexible and efficient solution for on-site coating needs.

Cold Gas Spray (CGS) Coating Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL COLD GAS SPRAY (CGS) COATING MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY 

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL COLD GAS SPRAY (CGS) COATING MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL COLD GAS SPRAY (CGS) COATING MARKET, BY TECHNOLOGY

5.1 Overview

5.2 High Pressure

5.3 Low Pressure

6 GLOBAL COLD GAS SPRAY (CGS) COATING MARKET, BY END USERS

6.1 Overview

6.2 Transportation

6.3 Automotive

6.4 Oil Gas

6.5 Utility

6.6 MedicaL

6.7 Other End-Users

7 GLOBAL COLD GAS SPRAY (CGS) COATING MARKET, By REGION

7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.9 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.9 Mexico

7.4.10 Rest of South America

8 COMPANY PROFILES

8.1 Plasma Giken Co., Ltd.

8.1.1. Company Overview

8.1.2. Key Executives

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Financial Performance (As per availability)

8.1.6 Key News

8.2 Praxair S.T. Technology, Inc.

8.2.1. Company Overview

8.2.2. Key Executives

8.2.3. Operating Business Segments

8.2.4. Product Portfolio

8.2.5. Financial Performance (As per availability)

8.2.6. Key News

8.3 ASB Industries, Inc.

8.3.1. Company Overview

8.3.2. Key Executives

8.3.3. Operating Business Segments

8.3.4. Product Portfolio

8.3.5. Financial Performance (As per availability)

8.3.6. Key News

8.4  Bodycote plc

8.4.1. Company Overview

8.4.2. Key Executives

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Financial Performance (As per availability)

8.4.6. Key News

8.5 Flame Spray Technologies BV

8.5.1. Company Overview

8.5.2. Key Executives

8.5.3. Operating Business Segments

8.5.4. Product Portfolio

8.5.5. Financial Performance (As per availability)

8.5.6. Key News

8.6 VRC Metal Systems

8.6.1. Company Overview

8.6.2. Key Executives

8.6.3. Operating Business Segments

8.6.4. Product Portfolio

8.6.5. Financial Performance (As per availability)

8.6.6. Key News

8.7 CenterLine (Windsor) Limited

8.7.1. Company Overview

8.7.2. Key Executives

8.7.3. Operating Business Segments

8.7.4. Product Portfolio

8.7.5. Financial Performance (As per availability)

8.7.6. Key News

8.8 WWG Engineering Pte. Ltd.

8.8.1. Company Overview

8.8.2. Key Executives

8.8.3. Operating Business Segments

8.8.4. Product Portfolio

8.8.5. Financial Performance (As per availability)

8.8.6. Key News

8.9 Curtiss-Wright Surface Technologies

8.9.1. Company Overview

8.9.2. Key Executives

8.9.3. Operating Business Segments

8.9.4. Product Portfolio

8.9.5. Financial Performance (As per availability)

8.9.6. Key News

8.10 Oerlikon Metco

8.10.1. Company Overview

8.10.2. Key Executives

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Financial Performance (As per availability)

8.10.6. Key News

8.11 Impact Innovations GmbH

8.11.1. Company Overview

8.11.2. Key Executives

8.11.3. Operating Business Segments

8.11.4. Product Portfolio

8.11.5. Financial Performance (As per availability)

8.11.6. Key News

8.12 Concurrent Technologies Corporation

8.12.1. Company Overview

8.12.2. Key Executives

8.12.3. Operating Business Segments

8.12.4. Product Portfolio

8.12.5. Financial Performance (As per availability)

8.12.6. Key News

8.13 Effusiontech Pty Ltd (SPEE3D)

8.13.1. Company Overview

8.13.2. Key Executives

8.13.3. Operating Business Segments

8.13.4. Product Portfolio

8.13.5. Financial Performance (As per availability)

8.13.6. Key News

8.14  Titomic Limited

8.14.1. Company Overview

8.14.2. Key Executives

8.14.3. Operating Business Segments

8.14.4. Product Portfolio

8.14.5. Financial Performance (As per availability)

8.14.6. Key News

8.15 Fujimi Incorporated

8.15.1. Company Overview

8.15.2. Key Executives

8.15.3. Operating Business Segments

8.15.4. Product Portfolio

8.15.5. Financial Performance (As per availability)

8.15.6. Key News

8.16 Metco, Inc.

8.16.1. Company Overview

8.16.2. Key Executives

8.16.3. Operating Business Segments

8.16.4. Product Portfolio

8.16.5. Financial Performance (As per availability)

8.16.6. Key News

8.17 Advanced Thermal Spray Systems

8.17.1. Company Overview

8.17.2. Key Executives

8.17.3. Operating Business Segments

8.17.4. Product Portfolio

8.17.5. Financial Performance (As per availability)

8.17.6. Key News

8.18 HVOF Systems, Inc.

8.18.1. Company Overview

8.18.2. Key Executives

8.18.3. Operating Business Segments

8.18.4. Product Portfolio

8.18.5. Financial Performance (As per availability)

8.18.6. Key News

8.19 Polymet Corporation

8.19.1. Company Overview

8.19.2. Key Executives

8.19.3. Operating Business Segments

8.19.4. Product Portfolio

8.19.5. Financial Performance (As per availability)

8.19.6. Key News

8.20 Surftech Coatings

8.20.1. Company Overview

8.20.2. Key Executives

8.20.3. Operating Business Segments

8.20.4. Product Portfolio

8.20.5. Financial Performance (As per availability)

8.20.6. Key News

Global Cold Gas Spray Coating Market Segmentation

Cold Gas Spray Coating by Technology: Market Size & Forecast 2023-2030

• High Pressure
• Low Pressure

Cold Gas Spray Coating by End User: Market Size & Forecast 2023-2030

• Transportation
• Automotive
• Oil Gas
• Utility
• Medical
• Other End-Users

Cold Gas Spray Coating by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• Plasma Giken Co., Ltd.
• Praxair S.T. Technology, Inc.
• ASB Industries, Inc.
• Bodycote plc
• Flame Spray Technologies BV
• VRC Metal Systems
• CenterLine (Windsor) Limited
• WWG Engineering Pte. Ltd.
• Curtiss-Wright Surface Technologies
• Oerlikon Metco
• Impact Innovations GmbH
• Concurrent Technologies Corporation
• Effusiontech Pty Ltd (SPEE3D)
• Titomic Limited
• Polymet Corporation
• Fujimi Incorporated
• Metco, Inc.
• Advanced Thermal Spray Systems
• HVOF Systems, Inc.
• Surftech Coatings