Laser cladding is a process in which a metal coating is applied onto the surface of a part using a laser as the heat source. The process is often used to create a protective coating for increased functionality, as well as restore damaged or worn surfaces. Laser cladding allows extended life of equipment and machinery in which parts are exposed to corrosion, wear or impact. For example, the construction equipment industry applies this technology to their products to increase wear resistance and keep equipment in service longer.
This report contains market size and forecasts of Laser Cladding Material in global, including the following market information:
Global Laser Cladding Material Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Laser Cladding Material Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Laser Cladding Material companies in 2021 (%)
The global Laser Cladding Material market was valued at 230 million in 2021 and is projected to reach US$ 373.8 million by 2028, at a CAGR of 7.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Iron Based Alloys Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Laser Cladding Material include Oerlikon Metco, Höganäs AB, Praxair S.T. Technology, Wall Colmonoy, FST, Sentes-BIR, DURUM Verschleißschutz GmbH, Kennametal Stellite and AMC Powders, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Laser Cladding Material manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Laser Cladding Material Market, by Materials, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Laser Cladding Material Market Segment Percentages, by Materials, 2021 (%)
Iron Based Alloys
Nickel Based Alloys
Cobalt Based Alloys
Carbides and Carbide Blends
Others
Global Laser Cladding Material Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Laser Cladding Material Market Segment Percentages, by Application, 2021 (%)
Aviation
Automotive & Transportation
Power Generation
Petrochemical Processing
Mining
Others
Global Laser Cladding Material Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Laser Cladding Material Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Laser Cladding Material revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Laser Cladding Material revenues share in global market, 2021 (%)
Key companies Laser Cladding Material sales in global market, 2017-2022 (Estimated), (MT)
Key companies Laser Cladding Material sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Oerlikon Metco
Höganäs AB
Praxair S.T. Technology
Wall Colmonoy
FST
Sentes-BIR
DURUM Verschleißschutz GmbH
Kennametal Stellite
AMC Powders
Hongbo Laser
Henan Igood Wear-resisting Technology