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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Applications of Laser Cladding Likely to Stimulate Market Growth
Laser clad materials may be employed to shield counter blades, saw blades, disc harrows and other cutting tools from corrosion and wear while offering better cutting characteristics. The process involves low distortion, meaning the tools are placed straight while achieving varying coating thicknesses; coated tools are useful in domains such as agriculture and construction.
High performance drilling tools have uses in industrial domains such as mining, geothermal and oil and gas. Tools used in these domains require wear protection to endure extreme stresses involved in work processes and complete their useful lives.
Laser cladding (involving coating like nickel alloy with decent corrosion resistance and robustness) could help prevent cracking in heat exchangers and provide superior wear protection at higher temperatures.
Hydraulic cylinders (like those employed in mining) need coating to shield against corrosion due to the local atmosphere. Laser cladding replaced the traditional chrome plating as it offered better durability.
Advancements in technology have enabled more efficient higher speed deposition with thinner layers which has led to laser cladding becoming a replacement for hard chromium plating in certain applications. Such applications are expected to boost the global laser cladding equipment market.
Laser Cladding Equipment Market Report Snapshots
Laser Cladding Equipment Market Size
Laser Cladding Equipment Market Growth
Laser Cladding Equipment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.1% between 2024 and 2032.
The major drivers of the market are increasing use in oil and gas industry components, growing penetration of fibre lasers in laser cladding applications, and their increasing use in remanufacturing processes.
The key trends guiding the growth of the market include the development of modern laser cladding techniques, cost-effectiveness, and their ability to deliver superior quality coating materials.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
High power and low power are the leading types of laser cladding equipment in the market.
Power generation, industrial, mining, and paper printing, among others are the various applications in the global laser cladding equipment market.
The process of laser cladding involves using a laser beam to deposit material onto the surface of another material in a selective and accurate manner.
The major players in the market are TWI Ltd., Spraywerx, OC Oerlikon Management AG, Preco, LLC, Laser Cladding Technology Ltd., TLM Laser Ltd, and Meera Lasers Solution Pvt Ltd, among others.
Laser cladding is considered better owing to its high-speed thermal cycle which permits fine microstructures and high strength.
Laser cladding equipment is immensely versatile and can be used with a wide range of metals, including copper alloys, stainless steel, aluminium alloys, titanium alloys, and nano additive alloys, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124