Global Laser Cladding Material Market Insights, Key Developments, Witness Robust Growth, Opportunities and Forecast until 2023

Posted on 2019-01-31 by Mark Hub in Chemicals // 0 Comments

Albany, US, 2019-Jan-31 — /EPR Network/ —The global market status for Laser Cladding Material is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled “Global Laser Cladding Material Market” Insights, Forecast to 2023, which tends to deliver in-depth knowledge associated to the Laser Cladding Material market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue and geography; making it quite useful for the readers.

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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 154.80 million by 2023, at a CAGR of more than 6% 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.

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Table of Contents

1 Study Coverage1
1.1 Laser Cladding Material Product1
1.2 Key Market Segments in This Study2
1.3 Key Manufacturers Covered3
1.4 Market by Type4
1.4.1 Global Laser Cladding Material Market Size Growth Rate by Type4
1.4.2 Cobalt Based Alloys5
1.4.3 Nickel Based Alloys6
1.4.4 Iron Based Alloys7
1.4.5 Carbides and Carbide blends8
1.4.6 Others8
1.5 Market by Application9
1.5.1 Global Laser Cladding Material Market Size Growth Rate by Application9
1.5.2 Aviation10
1.5.3 Power Generation11
1.5.4 Automotive & Transportation11
1.5.5 Petrochemical Processing12
1.5.6 Mining13
1.5.7 Others13
1.6 Study Objectives14
2 Growth Rate15
2.1 Global Laser Cladding Material Production15
2.1.1 Global Laser Cladding Material Revenue 2013-202315
2.1.2 Global Laser Cladding Material Production 2013-202315
2.1.3 Global Laser Cladding Material Marketing Pricing and Trends17
2.2 Laser Cladding Material Growth Rate (CAGR) 2017-202317
2.3 Analysis of Competitive Landscape18
2.3.1 Manufacturers Market Concentration Ratio (CR5)18
2.3.2 Key Laser Cladding Material Manufacturers18
2.4 Market Drivers19
3 Market Size by Manufacturers20
3.1 Laser Cladding Material Production by Manufacturers20
3.1.1 Laser Cladding Material Production by Manufacturers20
3.1.2 Laser Cladding Material Production Market Share by Manufacturers20
3.1.3 Global Market Concentration Ratio (CR5)21
3.2 Laser Cladding Material Revenue by Manufacturers22
3.2.1 Laser Cladding Material Revenue by Manufacturers (2017-2018)22
3.2.2 Laser Cladding Material Revenue Share by Manufacturers (2017-2018)23
3.3 Laser Cladding Material Price by Manufacturers24
3.4 Mergers & Acquisitions, Expansion Plans25

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