PersistenceMarketResearch states that the Global High Velocity Oxygen Fuel (HVOF) Tungsten Carbide (WC) Coatings market will witness a CAGR of 7.2% between 2020 and 2030.
HVOF (High Velocity Oxygen Fuel) tungsten carbide (WC) coating is being asked for as it does offer notable protection to the equipment by improving resistance to water as well as corrosion. This enhances its popularity amongst several end-use industries like aerospace & aviation, automotive, power generation, chemicals & petrochemicals, electronics, metals & metallurgy, oil & gas, medical devices.
Fuels used in HVOF tungsten carbide (WC) coating include propane, propylene, hydrogen, acetylene, and kerosene (liquid). Though they use oxygen in the form of an oxidant, the fact that atmospheric air is used for pressurizing combustion chamber can’t be ignored. HVOF tungsten carbide (WC) coating can’t be categorized as solid-state process as coating materials get deposited on the substrate’s surface in a semi-molten or molten state for tailoring the coat asked for.
Successful coating is commensurate with the quantity of powders used in the form of feedstock materials. It has been observed that the coarse powders comprising large particles (above 40 µm) form non-melted particles whereas fine particles (above 10 µm) degrade/burn prior to making it to the substrate.
The Asia-Pacific is expected to dominate the market in the years to come due to the ever-expanding automotive industry all across South East Asia, India, and China. The target audience includes suppliers, traders, distributors, government and consulting organizations, thermal spray coatings manufacturers, and the application industries in regulatory institutions, and – not to forget – thermal spray regulators. North America and Europe are already into adoption of HVOF tungsten carbide (WC) coatings.
The key market participants include Buffalo Tungsten, Inc., Hoganas AB, Praxair Surface technologies, Inc., Polymet Corporation, Kennametal Inc., Fujimi Corporation, Oerlikon Metco, Castolin Eutectic, Thermal Spray Technologies, ASB Industries, and Inframat Advanced Materials.