
Global Machine Vision Camera for Industrial Market Report, History and Forecast 2017-2028
Description
Global Machine Vision Camera for Industrial Market Report, History and Forecast 2017-2028
Summary
Market Analysis and Insights: Global Laser Cladding Material Market
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 Material market was valued at US$ 223.53 million in 2021 and will reach US$ 380.27 million by the end of 2028, growing at a CAGR of 7.51% during 2022-2028. 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.
The global main manufacturers of Laser Cladding Material include Oerlikon Metco, Höganäs AB, Praxair S.T. Technology, Wall Colmonoy, FST, DURUM Verschleißschutz GmbH, Kennametal Stellite, Sentes-BIR, and Hongbo Laser, etc. In 2021, the global six largest players have a share approximately 87% in terms of revenue.
Global Laser Cladding Material Scope and Market Size
The global Laser Cladding Material market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Laser Cladding Material market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
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
Segment by Type
Iron Based Alloys
Nickel Based Alloys
Cobalt Based Alloys
Carbides and Carbide Blends
Others
Segment by Application
Aviation
Automotive & Transportation
Power Generation
Petrochemical Processing
Mining
Others
By Region
North America
USA
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Others
Europe
Germany
France
UK
Italy
Russia
Spain
Others
South America
Brazil
Argentina
Others
Middle East & Africa
Saudi Arabia
Turkey
UAE
Others
Summary
Market Analysis and Insights: Global Laser Cladding Material Market
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 Material market was valued at US$ 223.53 million in 2021 and will reach US$ 380.27 million by the end of 2028, growing at a CAGR of 7.51% during 2022-2028. 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.
The global main manufacturers of Laser Cladding Material include Oerlikon Metco, Höganäs AB, Praxair S.T. Technology, Wall Colmonoy, FST, DURUM Verschleißschutz GmbH, Kennametal Stellite, Sentes-BIR, and Hongbo Laser, etc. In 2021, the global six largest players have a share approximately 87% in terms of revenue.
Global Laser Cladding Material Scope and Market Size
The global Laser Cladding Material market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Laser Cladding Material market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
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
Segment by Type
Iron Based Alloys
Nickel Based Alloys
Cobalt Based Alloys
Carbides and Carbide Blends
Others
Segment by Application
Aviation
Automotive & Transportation
Power Generation
Petrochemical Processing
Mining
Others
By Region
North America
USA
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Others
Europe
Germany
France
UK
Italy
Russia
Spain
Others
South America
Brazil
Argentina
Others
Middle East & Africa
Saudi Arabia
Turkey
UAE
Others
Table of Contents
129 Pages
- 1 Laser Cladding Material Market Overview
- 1.1 Laser Cladding Material Product Overview
- 1.2 Laser Cladding Material Market Segment by Type
- 1.2.1 Cobalt Based Alloys
- 1.2.2 Nickel Based Alloys
- 1.2.3 Iron Based Alloys
- 1.2.4 Carbides and Carbide Blends
- 1.2.5 Others
- 1.3 Global Laser Cladding Material Market Size by Type
- 1.3.1 Global Laser Cladding Material Market Size Overview by Type (2017-2028)
- 1.3.2 Global Laser Cladding Material Historic Market Size Review by Type (2017-2022)
- 1.3.3 Global Laser Cladding Material Forecasted Market Size by Type (2023-2028)
- 1.4 Key Regions Market Size Segment by Type
- 1.4.1 North America Laser Cladding Material Sales Breakdown by Type (2017-2022)
- 1.4.2 Europe Laser Cladding Material Sales Breakdown by Type (2017-2022)
- 1.4.3 Asia-Pacific Laser Cladding Material Sales Breakdown by Type (2017-2022)
- 1.4.4 South America Laser Cladding Material Sales Breakdown by Type (2017-2022)
- 1.4.5 Middle East and Africa Laser Cladding Material Sales Breakdown by Type (2017-2022)
- 2 Laser Cladding Material Market Competition by Company
- 2.1 Global Top Players by Laser Cladding Material Sales (2017-2022)
- 2.2 Global Top Players by Laser Cladding Material Revenue (2017-2022)
- 2.3 Global Top Players by Laser Cladding Material Price (2017-2022)
- 2.4 Global Top Manufacturers Laser Cladding Material Manufacturing Base Distribution
- 2.5 Laser Cladding Material Market Competitive Situation and Trends
- 2.5.1 Laser Cladding Material Market Concentration Rate (2017-2022)
- 2.5.2 Global 5 and 10 Largest Manufacturers by Laser Cladding Material Sales and Revenue in 2021
- 2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Laser Cladding Material as of 2021)
- 2.7 Mergers & Acquisitions, Expansion
- 3 Laser Cladding Material Status and Outlook by Region
- 3.1 Global Laser Cladding Material Market Size and CAGR by Region: 2017 VS 2021 VS 2028
- 3.2 Global Laser Cladding Material Historic Market Size by Region
- 3.2.1 Global Laser Cladding Material Sales in Volume by Region (2017-2022)
- 3.2.2 Global Laser Cladding Material Sales in Value by Region (2017-2022)
- 3.2.3 Global Laser Cladding Material Sales (Volume & Value), Price and Gross Margin (2017-2022)
- 3.3 Global Laser Cladding Material Forecasted Market Size by Region
- 3.3.1 Global Laser Cladding Material Sales in Volume by Region (2023-2028)
- 3.3.2 Global Laser Cladding Material Sales in Value by Region (2023-2028)
- 3.3.3 Global Laser Cladding Material Sales (Volume & Value), Price and Gross Margin (2023-2028)
- 4 Laser Cladding Material by Application
- 4.1 Laser Cladding Material Market Segment by Application
- 4.1.1 Aviation
- 4.1.2 Automotive & Transportation
- 4.1.3 Power Generation
- 4.1.4 Petrochemical Processing
- 4.1.5 Mining
- 4.1.6 Others
- 4.2 Global Laser Cladding Material Market Size by Application
- 4.2.1 Global Laser Cladding Material Market Size Overview by Application (2017-2028)
- 4.2.2 Global Laser Cladding Material Historic Market Size Review by Application (2017-2022)
- 4.2.3 Global Laser Cladding Material Forecasted Market Size by Application (2023-2028)
- 4.3 Key Regions Market Size Segment by Application
- 4.3.1 North America Laser Cladding Material Sales Breakdown by Application (2017-2022)
- 4.3.2 Europe Laser Cladding Material Sales Breakdown by Application (2017-2022)
- 4.3.3 Asia-Pacific Laser Cladding Material Sales Breakdown by Application (2017-2022)
- 4.3.4 South America Laser Cladding Material Sales Breakdown by Application (2017-2022)
- 4.3.5 Middle East and Africa Laser Cladding Material Sales Breakdown by Application (2017-2022)
- 5 North America Laser Cladding Material by Country
- 5.1 North America Laser Cladding Material Historic Market Size by Country
- 5.1.1 North America Laser Cladding Material Sales in Volume by Country (2017-2022)
- 5.1.2 North America Laser Cladding Material Sales in Value by Country (2017-2022)
- 5.2 North America Laser Cladding Material Forecasted Market Size by Country
- 5.2.1 North America Laser Cladding Material Sales in Volume by Country (2023-2028)
- 5.2.2 North America Laser Cladding Material Sales in Value by Country (2023-2028)
- 6 Europe Laser Cladding Material by Country
- 6.1 Europe Laser Cladding Material Historic Market Size by Country
- 6.1.1 Europe Laser Cladding Material Sales in Volume by Country (2017-2022)
- 6.1.2 Europe Laser Cladding Material Sales in Value by Country (2017-2022)
- 6.2 Europe Laser Cladding Material Forecasted Market Size by Country
- 6.2.1 Europe Laser Cladding Material Sales in Volume by Country (2023-2028)
- 6.2.2 Europe Laser Cladding Material Sales in Value by Country (2023-2028)
- 7 Asia-Pacific Laser Cladding Material by Region
- 7.1 Asia-Pacific Laser Cladding Material Historic Market Size by Region
- 7.1.1 Asia-Pacific Laser Cladding Material Sales in Volume by Region (2017-2022)
- 7.1.2 Asia-Pacific Laser Cladding Material Sales in Value by Region (2017-2022)
- 7.2 Asia-Pacific Laser Cladding Material Forecasted Market Size by Region
- 7.2.1 Asia-Pacific Laser Cladding Material Sales in Volume by Region (2023-2028)
- 7.2.2 Asia-Pacific Laser Cladding Material Sales in Value by Region (2023-2028)
- 8 South America Laser Cladding Material by Country
- 8.1 South America Laser Cladding Material Historic Market Size by Country
- 8.1.1 South America Laser Cladding Material Sales in Volume by Country (2017-2022)
- 8.1.2 South America Laser Cladding Material Sales in Value by Country (2017-2022)
- 8.2 South America Laser Cladding Material Forecasted Market Size by Country
- 8.2.1 South America Laser Cladding Material Sales in Volume by Country (2023-2028)
- 8.2.2 South America Laser Cladding Material Sales in Value by Country (2023-2028)
- 9 Middle East and Africa Laser Cladding Material by Country
- 9.1 Middle East and Africa Laser Cladding Material Historic Market Size by Country
- 9.1.1 Middle East and Africa Laser Cladding Material Sales in Volume by Country (2017-2022)
- 9.1.2 Middle East and Africa Laser Cladding Material Sales in Value by Country (2017-2022)
- 9.2 Middle East and Africa Laser Cladding Material Forecasted Market Size by Country
- 9.2.1 Middle East and Africa Laser Cladding Material Sales in Volume by Country (2023-2028)
- 9.2.2 Middle East and Africa Laser Cladding Material Sales in Value by Country (2023-2028)
- 10 Company Profiles and Key Figures in Laser Cladding Material Business
- 10.1 Oerlikon Metco
- 10.1.1 Oerlikon Metco Corporation Information
- 10.1.2 Oerlikon Metco Introduction and Business Overview
- 10.1.3 Oerlikon Metco Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.1.4 Oerlikon Metco Laser Cladding Material Products Offered
- 10.1.5 Oerlikon Metco Recent Development
- 10.2 Höganäs AB
- 10.2.1 Höganäs AB Corporation Information
- 10.2.2 Höganäs AB Introduction and Business Overview
- 10.2.3 Höganäs AB Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.2.4 Höganäs AB Laser Cladding Material Products Offered
- 10.2.5 Höganäs AB Recent Development
- 10.3 Praxair S.T. Technology
- 10.3.1 Praxair S.T. Technology Corporation Information
- 10.3.2 Praxair S.T. Technology Introduction and Business Overview
- 10.3.3 Praxair S.T. Technology Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.3.4 Praxair S.T. Technology Laser Cladding Material Products Offered
- 10.3.5 Praxair S.T. Technology Recent Development
- 10.4 Wall Colmonoy
- 10.4.1 Wall Colmonoy Corporation Information
- 10.4.2 Wall Colmonoy Introduction and Business Overview
- 10.4.3 Wall Colmonoy Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.4.4 Wall Colmonoy Laser Cladding Material Products Offered
- 10.4.5 Wall Colmonoy Recent Development
- 10.5 FST
- 10.5.1 FST Corporation Information
- 10.5.2 FST Introduction and Business Overview
- 10.5.3 FST Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.5.4 FST Laser Cladding Material Products Offered
- 10.6 Sentes-BIR
- 10.6.1 Sentes-BIR Corporation Information
- 10.6.2 Sentes-BIR Introduction and Business Overview
- 10.6.3 Sentes-BIR Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.6.4 Sentes-BIR Laser Cladding Material Products Offered
- 10.6.5 Sentes-BIR Recent Development
- 10.7 DURUM Verschleißschutz GmbH
- 10.7.1 DURUM Verschleißschutz GmbH Corporation Information
- 10.7.2 DURUM Verschleißschutz GmbH Introduction and Business Overview
- 10.7.3 DURUM Verschleißschutz GmbH Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.7.4 DURUM Verschleißschutz GmbH Laser Cladding Material Products Offered
- 10.8 Kennametal Stellite
- 10.8.1 Kennametal Stellite Corporation Information
- 10.8.2 Kennametal Stellite Introduction and Business Overview
- 10.8.3 Kennametal Stellite Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.8.4 Kennametal Stellite Laser Cladding Material Products Offered
- 10.8.5 Kennametal Stellite Recent Development
- 10.9 AMC Powders
- 10.9.1 AMC Powders Corporation Information
- 10.9.2 AMC Powders Introduction and Business Overview
- 10.9.3 AMC Powders Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.9.4 AMC Powders Laser Cladding Material Products Offered
- 10.10 Hongbo Laser
- 10.10.1 Hongbo Laser Corporation Information
- 10.10.2 Hongbo Laser Introduction and Business Overview
- 10.10.3 Hongbo Laser Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.10.4 Hongbo Laser Laser Cladding Material Products Offered
- 10.11 Henan Igood Wear-resisting Technology
- 10.11.1 Henan Igood Wear-resisting Technology Corporation Information
- 10.11.2 Henan Igood Wear-resisting Technology Introduction and Business Overview
- 10.11.3 Henan Igood Wear-resisting Technology Laser Cladding Material Sales, Revenue and Gross Margin (2017-2022)
- 10.11.4 Henan Igood Wear-resisting Technology Laser Cladding Material Products Offered
- 11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
- 11.1 Laser Cladding Material Key Raw Materials
- 11.1.1 Key Raw Materials
- 11.1.2 Raw Materials Key Suppliers
- 11.2 Manufacturing Cost Structure
- 11.2.1 Raw Materials
- 11.2.2 Labor Cost
- 11.2.3 Manufacturing Expenses
- 11.3 Laser Cladding Material Industrial Chain Analysis
- 11.4 Laser Cladding Material Market Dynamics
- 11.4.1 Laser Cladding Material Industry Trends
- 11.4.2 Laser Cladding Material Market Drivers
- 11.4.3 Laser Cladding Material Market Challenges
- 12 Marketing Strategy Analysis, Distributors
- 12.1 Marketing Channel
- 12.2 Laser Cladding Material Distributors
- 12.3 Laser Cladding Material Downstream Customers
- 13 Research Findings and Conclusion
- 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
- Table 1. Global Laser Cladding Material Sales by Type: 2017 VS 2021 VS 2028 (US$ Million)
- Table 2. Global Laser Cladding Material Sales by Type (2017-2022) & (MT)
- Table 3. Global Laser Cladding Material Sales Market Share in Volume by Type (2017-2022)
- Table 4. Global Laser Cladding Material Sales by Type (2017-2022) & (US$ Million)
- Table 5. Global Laser Cladding Material Sales Market Share in Value by Type (2017-2022)
- Table 6. Global Laser Cladding Material Price by Type (2017-2022) & (K US$/Ton)
- Table 7. Global Laser Cladding Material Sales by Type (2023-2028) & (MT)
- Table 8. Global Laser Cladding Material Sales Market Share in Volume by Type (2023-2028)
- Table 9. Global Laser Cladding Material Sales by Type (2023-2028) & (US$ Million)
- Table 10. Global Laser Cladding Material Sales Market Share in Value by Type (2023-2028)
- Table 11. Global Laser Cladding Material Price by Type (2023-2028) & (K US$/Ton)
- Table 12. North America Laser Cladding Material Sales by Type (2017-2022) & (MT)
- Table 13. Europe Laser Cladding Material Sales (MT) by Type (2017-2022)
- Table 14. Asia-Pacific Laser Cladding Material Sales (MT) by Type (2017-2022)
- Table 15. South America Laser Cladding Material Sales (MT) by Type (2017-2022)
- Table 16. Middle East and Africa Laser Cladding Material Sales (MT) by Type (2017-2022)
- Table 17. Global Laser Cladding Material Sales by Company (2017-2022) & (MT) 22
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