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According to a report by Persistence Market Research, Global Market Study on Thermal Spray Coatings: Industry Analysis and Forecast, 2016–2024, the thermal spray coatings market is expected to reach $7.6 billion at the end of 2016, rising at a CAGR of 5.9%.
Manufacturers in industries ranging from aerospace and oil and gas to automotive rely on thermal spray coatings during the production of many of their key products.
