What Happened
Global Industry Expands with Energy Transition and Aerospace Demand
The global thermal spray service market is expanding, driven by rising demand from energy transition infrastructure and the increasing adoption of advanced coating technologies in aerospace, electric vehicle manufacturing, and electronics. The market was valued at $6.29 billion in 2025 and is expected to grow at a CAGR of 6.6% to reach $12.05 billion by 2035. Companies like Oerlikon Metco, TOCALO, and StandardAero are leading the competitive landscape, with a focus on advanced technologies like cold spray and high-velocity oxygen fuel coatings. This growth was reported by Research and Markets.