Laser Cladding Material Market report is predicted to gain better growth in coming years 2019 to 2024. This Laser Cladding Material market report provides extensive analysis of top-vendors, regional development, progressive trends, and countless growth statistics of Laser Cladding Material market. Additionally, emerging opportunities and revenue forecast (2019-2024) allows easy decision-making for all readers worldwide.
About Laser Cladding Material
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.
Covered in this report
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
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
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Key Topics Covered:
1 Scope of the Report
2 Executive Summary
3 Global Laser Cladding Material by Players
4 Laser Cladding Material by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Laser Cladding Material Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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