Cold Spray Technology Market Size Analysis and Top Companies
The global cold spray technology market size is estimated to hit around USD 2.01 billion by 2033 increasing from USD 1.02 billion in 2023, with a CAGR of 7.06%. The top companies in the cold spray technology are ASB Industries (Hannecard Roller Coatings, Inc), Bodycote plc, Flame Spray Technologies BV, Plasma Giken Co., Ltd., VRC Metal Systems, CenterLine (Windsor) Limited, WWG Engineering Pte. Ltd., Praxair S.T. Technology, Inc., Impact Innovations GmbH, Concurrent Technologies Corporation, Effusiontech Pty Ltd (SPEE3D), Titomic Limited, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size by 2033 |
USD 2.01 Billion |
| Market Size in 2023 |
USD 1.02 Billion |
| Market Growth Rate from 2024 to 2033 |
CAGR of 7.06% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
Material, Service, End-Use, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa |
Cold Spray Technology Key Players
- ASB Industries (Hannecard Roller Coatings, Inc)
- Bodycote plc
- Flame Spray Technologies BV
- Plasma Giken Co., Ltd.
- VRC Metal Systems
- CenterLine (Windsor) Limited
- WWG Engineering Pte. Ltd.
- Praxair S.T. Technology, Inc.
- Impact Innovations GmbH
- Concurrent Technologies Corporation
- Effusiontech Pty Ltd (SPEE3D)
- Titomic Limited
Latest Announcements by Market Leaders
- In October 2024, Titomic Limited announced a new application for the quotation of 2,000,000 ordinary fully paid securities under the ASX code TTT. This move indicates the company’s steps towards expanding its financial base and offering new opportunities for investment in the stock market.
- In July 2022, Impact Innovations’ Cold Spray Additive Manufacturing technology (CSAM) demonstrated the powder bed fusion-based 3D printing processes due to equipment size limitations or protective atmosphere necessity, especially when depositing reactive materials such as Ti-6Al-4V.
Recent Developments
- In July 2024, VRC Metal Systems launched the Dragonfly Cold Spray System, an additive manufacturing solution tailored for in-field repairs in sectors such as aeronautical maintenance, maritime, repair and overhaul, and energy.
- In February 2023, Kennametal Inc. launched a brand-new, higher-performance turning grade with state-of-the-art coating technology, KCP25C with KENGold is the best choice for metal-cutting inserts with superior wear and higher metal removal rates in steel-turning applications.
- In June 2023, OC Oerlikon Management AG announced substantial advancement in thermal spray equipment. With the introduction of Metco IIoT, the first-ever Industry 4.0 platform for the thermal spray industry, and the integration of digitalization.
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