Market Overview and Growth Outlook The global thermal spray coatings market recorded a valuation of USD 10.44 billion in 2023, rising to USD 11.07 billion in 2024. The market is expected to reach USD 11.86 billion in 2025 and USD 18.67 billion by 2032. The thermal spray coatings market is expected to grow at a CAGR of 6.70% during 2025–2032. Thermal spraying involves heating or...