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Market Overview of Global Laser Cladding Powder market:
According to our latest research, the global Laser Cladding Powder market looks promising in the next 5 years. As of 2022, the global Laser Cladding Powder market was estimated at USD 179.28 million, and it's anticipated to reach USD 260.27 million in 2028, with a CAGR of 6.41% during the forecast years.
Laser Cladding is a method of depositing material by which a powdered material is melted and consolidated by use of a focused laser beam in order to coat part of a substrate. Laser cladding powder is the key factors that determines the cladding layer performance.
Laser Cladding Powder Growth Drivers
From the current application of Laser Cladding Powder products, it is mainly used in three aspects: first, surface modification of materials, such as gas turbine blades, rolls, gears, etc.; second, surface repair of products, such as rotors, mold, etc. Relevant information shows that the strength of the repaired components can reach more than 90% of the original strength, and the repair cost is less than 1/5 of the replacement price. More importantly, the repair time is shortened, which solves the problem of continuous and reliable operation of major complete sets of equipment in large enterprises. The problem of quick repair of rotating parts that must be solved. In addition, laser cladding super wear-resistant and corrosion-resistant alloys on the surface of key components can greatly improve the service life of components without deforming the surface of the components. Third, laser additive manufacturing. By performing layer-by-layer laser cladding, parts with three-dimensional structures are obtained. This technology can also be called laser melting deposition, laser metal deposition, laser direct melting deposition, etc. Therefore, Laser Cladding Powder products have market potential.
Region Overview:
Europe had the highest growth rate of all regions.
Company Overview:
The top three companies are Sandvik, Carpenter, Oerlikon Metco with the revenue market share of 13.40%, 13.23%, 11.48% in 2021.
Sandvik is an engineering group in mining and rock excavation, rock processing, metal cutting and materials technology, providing optimized products and solutions based on digitalization, innovation and sustainable engineering.
Carpenter Technology Corporation is a global leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, transportation, defense, energy, industrial, medical, and consumer electronics markets.
Segmentation Overview:
Among different product types, Iron Base Alloy segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Automotive and Transportation segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Laser Cladding Powder market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Laser Cladding Powder Market Report:
Market Size Estimates: Laser Cladding Powder market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Laser Cladding Powder market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Laser Cladding Powder market
Segment Market Analysis: Laser Cladding Powder market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Laser Cladding Powder market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Laser Cladding Powder Market: Revenue and sales volume of major countries in each region
Laser Cladding Powder Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Laser Cladding Powder market in major regions.
Laser Cladding Powder Industry Value Chain: Laser Cladding Powder market raw materials & suppliers, manufacturing process, distributors, downstream customers
Laser Cladding Powder Industry News, Policies & Regulations
Key players in the global Laser Cladding Powder market are covered in Chapter 12:
Sandvik
Hlpowder
DURUM
Sentes-BIR
Höganäs AB
Oerlikon Metco
Carpenter
Praxair ST Technology
Avimetal Powder Metallurgy Technology
Henan Igood
Wall Colmonoy
In Chapter 2 and Chapter 15.1, based on types, the Laser Cladding Powder market from 2018 to 2028 is primarily split into:
Cobalt Base Alloy
Nickel Base Alloy
Iron Base Alloy
Stainless Steel
Others
In Chapter 3 and Chapter 15.2, based on applications, the Laser Cladding Powder market from 2018 to 2028 covers:
Aviation
Power Generation
Automotive and Transportation
Petrochemical processing
Mining
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Laser Cladding Powder market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028