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.

With the impressive rates in the adoption of electric vehicles, manufacturers are introducing advanced technology features, which are attracting a larger number of consumers. The current focus is directed towards the improvement of the performance and safety of Li-ion batteries in electric vehicles, which is creating a demand for laser cladding. The US, China, and Europe are witnessing healthy adoption rates of electric vehicles. The revenue generated from the sales of these vehicles is being reinvested into R&D activities, which is expected to propel the global laser cladding equipment market.

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According to this study, over the next five years the Laser Cladding Material market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 150 million by 2024, from US$ 110 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Laser Cladding Material business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Laser Cladding Material market by product type, application, key manufacturers and key regions and countries.

This study considers the Laser Cladding Material value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

• Cobalt Based Alloys
• Nickel Based Alloys
• Iron Based Alloys
• Carbides and Carbide blends
• Others

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

• Aviation
• Power Generation
• Automotive & Transportation
• Petrochemical processing
• Mining
• Others
• Construction

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Spain
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

• Oerlikon Metco
• Höganäs AB
• Praxair S.T. Technology
• Wall Colmonoy
• FST
• DURUM
• Sentes-BIR
• Hongbo Laser
• AMC Powders
• Shandong Sitaili
• Henan Igood

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Laser Cladding Material consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
• To understand the structure of Laser Cladding Material market by identifying its various subsegments.
• Focuses on the key global Laser Cladding Material manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Laser Cladding Material with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Laser Cladding Material submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of content

2019–2024 Global Laser Cladding Material Consumption Market Report

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Laser Cladding Material Consumption 2014–2024
2.1.2 Laser Cladding Material Consumption CAGR by Region
2.2 Laser Cladding Material Segment by Type
2.2.1 Cobalt Based Alloys
2.2.2 Nickel Based Alloys
2.2.3 Iron Based Alloys
2.2.4 Carbides and Carbide blends
2.2.5 Others
2.3 Laser Cladding Material Consumption by Type
2.3.1 Global Laser Cladding Material Consumption Market Share by Type (2014–2019)
2.3.2 Global Laser Cladding Material Revenue and Market Share by Type (2014–2019)
2.3.3 Global Laser Cladding Material Sale Price by Type (2014–2019)
2.4 Laser Cladding Material Segment by Application
2.4.1 Aviation
2.4.2 Power Generation
2.4.3 Automotive & Transportation
2.4.4 Petrochemical processing
2.4.5 Mining
2.4.6 Others
2.4.7 Construction
2.5 Laser Cladding Material Consumption by Application
2.5.1 Global Laser Cladding Material Consumption Market Share by Application (2014–2019)

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