Global Laser Cladding Material Market Insights, Forecast to 2024
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.
According to our research, the global laser cladding equipment market size to grow to USD 154.40 million by 2024, at a CAGR of more than 6.52% over the forecast period. The adoption of modern and efficient material hard facing and coating technologies will be one of the major factors that will have a positive impact on the growth of the global laser cladding equipment market in the coming years. The adoption of laser cladding process is high in end-user industries such as oil and gas, mining, automotive, aerospace, and agriculture due to its advantages including lower design flaws and high productive efficiency and is extensively used in surface treatment and hard facing applications. The adoption of laser cladding is rapidly replacing conventional technologies such as high-velocity oxy-fuel (HVOF), hexavalent hard chrome plating, oven sintering, metal inert gas welding (MIG), and thermal spray since these conventional technologies have lower metal cladding efficiency and are relatively time-consuming.
- 1 Study Coverage
- 1.1 Laser Cladding Material Product
- 1.2 Key Market Segments in This Study
- 1.3 Key Manufacturers Covered
- 1.4 Market by Type
- 1.4.1 Global Laser Cladding Material Market Size Growth Rate by Type
- 1.4.2 Cobalt Based Alloys
- 1.4.3 Nickel Based Alloys
- 1.4.4 Iron Based Alloys
- 1.4.5 Carbides and Carbide blends
- 1.4.6 Others
- 1.5 Market by Application
- 1.5.1 Global Laser Cladding Material Market Size Growth Rate by Application
- 1.5.2 Aviation
- 1.5.3 Power Generation
- 1.5.4 Automotive & Transportation
- 1.5.5 Petrochemical Processing
- 1.5.6 Mining
- 1.5.7 Others
- 1.6 Study Objectives
- 2 Growth Rate
- 2.1 Global Laser Cladding Material Production
- 2.1.1 Global Laser Cladding Material Revenue 2014-2024
- 2.1.2 Global Laser Cladding Material Production 2014-2024
- 2.1.3 Global Laser Cladding Material Marketing Pricing and Trends
- 2.2 Laser Cladding Material Growth Rate (CAGR) 2018-2024
- 2.3 Analysis of Competitive Landscape
- 2.3.1 Manufacturers Market Concentration Ratio (CR5)
- 2.3.2 Key Laser Cladding Material Manufacturers
- 2.4 Market Drivers, Trends and Issues
- 3 Market Size by Manufacturers
- 3.1 Laser Cladding Material Production by Manufacturers
- 3.1.1 Laser Cladding Material Production by Manufacturers
- 3.1.2 Laser Cladding Material Production Market Share by Manufacturers
- 3.1.3 Global Market Concentration Ratio (CR5)
- 3.2 Laser Cladding Material Revenue by Manufacturers
- 3.2.1 Laser Cladding Material Revenue by Manufacturers (2018-2019)
- 3.2.2 Laser Cladding Material Revenue Share by Manufacturers (2018-2019)
- 3.2.3 Global Laser Cladding Material Market Concentration Ratio (CR10 and HHI)
- 3.3 Laser Cladding Material Price by Manufacturers
- 3.4 Mergers & Acquisitions, Expansion Plans
- 4 Laser Cladding Material Production by Regions
- 4.1 Global Laser Cladding Material Production by Regions
- 4.1.1 Global Laser Cladding Material Production Market Share by Regions
- 4.1.2 Global Laser Cladding Material Revenue Market Share by Regions
- 4.2 United States
- 4.2.1 United States Laser Cladding Material Production
- 4.2.2 United States Laser Cladding Material Revenue
- 4.2.3 Key Players in United States
- 4.2.4 United States Laser Cladding Material Import & Export
- 4.3 Europe
- 4.3.1 Europe Laser Cladding Material Production
- 4.3.2 Europe Laser Cladding Material Revenue
- 4.3.3 Key Players in Europe
- 4.3.4 Europe Laser Cladding Material Import & Export
- 4.4 China
- 4.4.1 China Laser Cladding Material Production
- 4.4.2 China Laser Cladding Material Revenue
- 4.4.3 Key Players in China
- 4.4.4 China Laser Cladding Material Import & Export
- 4.5 Japan
- 4.5.1 Japan Laser Cladding Material Production
- 4.5.2 Japan Laser Cladding Material Revenue
- 4.5.3 Key Players in Japan
- 4.5.4 Japan Laser Cladding Material Import & Export
- 5 Laser Cladding Material Consumption by Regions
- 5.1 Global Laser Cladding Material Consumption by Regions
- 5.1.1 Global Laser Cladding Material Consumption by Regions
- 5.1.2 Global Laser Cladding Material Consumption Market Share by Regions
- 5.2 North America
- 5.2.1 North America Laser Cladding Material Consumption by Application
- 5.2.2 North America Laser Cladding Material Consumption by Countries
- 5.2.3 United States
- 5.2.4 Canada
- 5.2.5 Mexico
- 5.3 Europe
- 5.3.1 Europe Laser Cladding Material Consumption by Application
- 5.3.2 Europe Laser Cladding Material Consumption by Countries
- 5.3.3 Germany
- 5.3.4 France
- 5.3.5 UK
- 5.3.6 Italy
- 5.3.7 Russia
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Laser Cladding Material Consumption by Application
- 5.4.2 Asia Pacific Laser Cladding Material Consumption by Countries
- 5.4.3 China
- 5.4.4 Japan
- 5.4.5 Korea
- 5.4.6 India
- 5.4.7 Southeast Asia
- 5.5 Central & South America
- 5.5.1 Central & South America Laser Cladding Material Consumption by Application
- 5.5.2 Central & South America Laser Cladding Material Consumption by Countries
- 5.5.3 Brazil
- 5.6 Middle East and Africa
- 5.6.1 Middle East and Africa Laser Cladding Material Consumption by Application
- 5.6.2 Middle East and Africa Laser Cladding Material Consumption by Countries
- 5.6.3 GCC Countries
- 5.6.4 Turey
- 5.6.5 South Africa
- 6 Market Size by Type
- 6.1 Global Laser Cladding Material Breakdown Dada by Type
- 6.2 Global Laser Cladding Material Revenue by Type
- 6.3 Laser Cladding Material Price by Type
- 7 Market Size by Application
- 7.1 Overview
- 7.2 Global Laser Cladding Material Breakdown Dada by Application
- 8 Manufacturers Profiles
- 8.1 Oerlikon Metco
- 8.1.1 Oerlikon Metco Company Details
- 8.1.2 Business Overview
- 8.1.3 Sales Data of Laser Cladding Material
- 8.1.4 Laser Cladding Material Product Overview
- 8.2 Hoganas AB
- 8.2.1 Hoganas AB Company Details
- 8.2.2 Business Overview
- 8.2.3 Sales Data of Laser Cladding Material
- 8.2.4 Laser Cladding Material Product Overview
- 8.3 Praxair S.T. Technology
- 8.3.1 Praxair S.T. Technology Company Details
- 8.3.2 Business Overview
- 8.3.3 Sales Data of Laser Cladding Material
- 8.3.4 Laser Cladding Material Product Overview
- 8.4 Wall Colmonoy
- 8.4.1 Wall Colmonoy Company Details
- 8.4.2 Business Overview
- 8.4.3 Sales Data of Laser Cladding Material
- 8.4.4 Laser Cladding Material Product Overview
- 8.5 FST
- 8.5.1 FST Company Details
- 8.5.2 Business Overview
- 8.5.3 Sales Data of Laser Cladding Material
- 8.5.4 Laser Cladding Material Product Overview
- 8.6 DURUM VerschleiBschutz GmbH
- 8.6.1 DURUM VerschleiBschutz GmbH Company Details
- 8.6.2 Business Overview
- 8.6.3 Sales Data of Laser Cladding Material
- 8.6.4 Laser Cladding Material Product Overview
- 8.7 Kennametal Stellite
- 8.7.1 Kennametal Stellite Company Details
- 8.7.2 Business Overview
- 8.7.3 Sales Data of Laser Cladding Material
- 8.7.4 Laser Cladding Material Product Overview
- 8.8 Sentes-BIR
- 8.8.1 Sentes-BIR Company Details
- 8.8.2 Business Overview
- 8.8.3 Sales Data of Laser Cladding Material
- 8.8.4 Laser Cladding Material Product Overview
- 8.9 Hongbo Laser
- 8.9.1 Hongbo Laser Company Details
- 8.9.2 Business Overview
- 8.9.3 Sales Data of Laser Cladding Material
- 8.9.4 Laser Cladding Material Product Overview
- 8.10 AMC Powders
- 8.10.1 AMC Powders Company Details
- 8.10.2 Business Overview
- 8.10.3 Sales Data of Laser Cladding Material
- 8.10.4 Laser Cladding Material Product Overview
- 8.11 Henan Igood Wear-resisting Technology
- 8.11.1 Henan Igood Wear-resisting Technology Company Details
- 8.11.2 Business Overview
- 8.11.3 Sales Data of Laser Cladding Material
- 8.11.4 Laser Cladding Material Product Overview
- 9 Production Forecasts
- 9.1 Laser Cladding Material Production and Revenue Forecast
- 9.1.1 Global Laser Cladding Material Production Forecast 2019-2024
- 9.1.2 Global Laser Cladding Material Revenue Forecast 2019-2024
- 9.2 Laser Cladding Material Production and Revenue Forecast by Regions
- 9.2.1 Global Laser Cladding Material Revenue Forecast by Regions
- 9.2.2 Global Laser Cladding Material Production Forecast by Regions
- 9.3 Laser Cladding Material Key Producers Forecast
- 9.3.1 United States
- 9.3.2 Europe
- 9.3.3 China
- 9.3.4 Japan
- 9.4 Forecast by Type
- 9.4.1 Global Laser Cladding Material Production Forecast by Type
- 9.4.2 Global Laser Cladding Material Revenue Forecast by Type
- 10 Consumption Forecast
- 10.1 Consumption Forecast by Application
- 10.2 Laser Cladding Material Consumption Forecast by Regions
- 10.3 North America Market Consumption Forecast
- 10.3.1 North America Laser Cladding Material Consumption Forecast by Country 2019-2024
- 10.3.2 United States
- 10.3.3 Canada
- 10.3.4 Mexico
- 10.4 Europe Market Consumption Forecast
- 10.4.1 Europe Laser Cladding Material Consumption Forecast by Country 2019-2024
- 10.4.2 Germany
- 10.4.3 France
- 10.4.4 UK
- 10.4.5 Italy
- 10.4.6 Russia
- 10.5 Asia Pacific Market Consumption Forecast
- 10.5.1 Asia Pacific Laser Cladding Material Consumption Forecast by Country 2019-2024
- 10.5.2 China
- 10.5.3 Japan
- 10.5.4 Korea
- 10.5.5 India
- 10.5.6 Southeast Asia
- 10.6 Central & South America Market Consumption Forecast
- 10.6.1 Central & South America Laser Cladding Material Consumption Forecast by Country 2019-2024
- 10.6.2 Brazil
- 10.7 Middle East and Africa Market Consumption Forecast
- 10.7.1 Middle East and Africa Laser Cladding Material Consumption Forecast by Country 2019-2024
- 10.7.2 Middle East and Africa
- 10.7.3 GCC Countries
- 10.7.4 Turey
- 10.7.5 South Africa
- 11 Upstream, Industry Chain and Downstream Customers Analysis
- 11.1 Analysis of Laser Cladding Material Upstream Market
- 11.1.1 Laser Cladding Material Key Raw Material
- 11.1.2 Typical Suppliers of Key Laser Cladding Material Raw Material
- 11.2 Laser Cladding Material Industry Chain Analysis
- 11.3 Marketing & Distribution
- 11.4 Laser Cladding Material Customers
- 12 Opportunities & Challenges, Threat and Affecting Factors
- 12.1 Market Opportunities
- 12.2 Market Challenges
- 12.3 Porter¡¯s Five Forces Analysis
- 13 Key Findings
- 14 Appendix
- 14.1 Research Methodology
- 14.1.1 Methodology/Research Approach
- 14.1.2 Data Source
- 14.2 Author Details
- 14.3 Disclaimer
- List of Tables and Figures
- Figure Laser Cladding Material Product Picture
- Table Laser Cladding Material Key Market Segments in This Study
- Table Key Manufacturers Laser Cladding Material Sales Data (2018)
- Table Global Laser Cladding Material Market Size Growth Rate by Type (2018-2024) (Million US$)
- Figure Global Laser Cladding Material Revenue Market Share by Type in 2018
- Figure Cobalt Based Alloys Product Picture
- Figure Nickel Based Alloys Product Picture
- Figure Iron Based Alloys Product Picture
- Figure Carbides and Carbide blends Product Picture
- Figure Others Product Picture
- Table Global Laser Cladding Material Consumption Growth Rate by Application (2018-2024) (MT)
- Figure Global Laser Cladding Material Consumption Market Share by Application in 2018
- Figure Aviation
- Figure Power Generation
- Figure Automotive & Transportation
- Figure Petrochemical Processing.
- Figure Mining
- Figure Others
- Figure Global Laser Cladding Material Revenue 2014-2024 (Million US$)
- Figure Global Laser Cladding Material Production 2014-2024 (MT)
- Figure Global Laser Cladding Material Price 2014-2024 (K USD/MT)
- Table Global Laser Cladding Material Market Size Growth Rate by Regions 2018-2024 (MT) & (Million USD)
- Table Global Manufacturers Market Concentration Ratio (CR5)
- Table Laser Cladding Material Manufacturing Base Distribution and Headquarters
- Table Global Laser Cladding Material Production by Manufacturers (2018-2019) (MT)
- Table Global Laser Cladding Material Production Share by Manufacturers (2018-2019)
- Figure Global Laser Cladding Material Production Share by Manufacturers in 2018
- Table Global Manufacturers Market Concentration Ratio (CR5)
- Table Laser Cladding Material Revenue by Manufacturers (2018-2019) (Million USD)
- Table Laser Cladding Material Revenue Share by Manufacturers (2018-2019)
- Figure Laser Cladding Material Value Share by Manufacturers in 2018
- Table Global Laser Cladding Material Manufacturers Market Concentration Ratio (CR10)
- Table Laser Cladding Material Price by Manufacturers 2014-2019 (K USD/MT)
- Table Global Laser Cladding Material Production by Regions 2014-2019 (MT)
- Table Global Laser Cladding Material Production Market Share by Regions 2014-2019
- Figure Global Laser Cladding Material Production Market Share by Regions 2014-2019