Market Overview:
The global laser coating material market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, cobalt based alloys are expected to hold the largest share in terms of revenue in 2018 and are also projected to be the fastest growing segment during the forecast period. Nickel based alloys are also expected to witness significant growth during the forecast period owing to their properties such as resistance against corrosion and high thermal conductivity. By application, aviation is estimated to account for a major share in terms of revenue in 2018 and is also projected be one of the fastest growing segments duringthe forecast period.
Product Definition:
A Laser Coating Material is a material that is used to coat a surface with a laser. The purpose of the laser coating material is to improve the performance or appearance of the surface that it is applied to.
Cobalt Based Alloys:
Cobalt based alloys are a group of high strength and corrosion-resistant materials, which contain cobalt as the main metal. The product is majorly used in manufacturing coatings for gas turbine engines, automotive parts including exhaust systems and catalytic converters among other applications. Cobalt based alloys have gained popularity over nickel because of its ability to withstand higher temperatures without any degradation in terms of mechanical properties or coating characteristics.
Nickel Based Alloys:
Nickel based alloys are a group of metals with similar properties. They have high electrical and thermal conductivity, corrosion resistance, and magnetic properties. Nickel based alloys are used in applications such as turbine blades for gas turbines, heat exchangers & condensers in chemical processing industries owing to their excellent corrosion resistance property.
Application Insights:
The automotive and transportation application segment led the market in 2017. The growth of this segment is attributed to increasing demand for lightweight materials that reduce vehicle weight, thereby improving fuel efficiency. Nickel based alloys are used extensively in the aviation industry owing to their superior corrosion resistance and hardness. These alloys are also used for manufacturing turbine blades, gas turbine engines, heat transfer surfaces, exhaust systems and other components of aircraft engines.
The power generation application segment is expected to witness significant growth over the forecast period due to rising demand from various industries including oil & gas processing plants petrochemical plants etc., which require large amount of electricity on a continuous basis.
Regional Analysis:
Asia Pacific was the dominant regional segment occupying over 42% of the revenue share in 2017. The region is projected to continue its dominance over the forecast period, with China being a major contributor to regional growth. Growing demand for high performance steel alloys from various end-use industries such as aerospace and automotive is expected to drive product demand across this region.
The growing manufacturing sector in India owing to initiatives such as “Make in India†and “Skill India†coupled with favorable government policies are anticipated to promote investments from various sectors which will propel industry expansion over the coming years.
North America market was valued at USD X million in 2017, wherein U.
Growth Factors:
- Increasing demand for laser coatings in the automotive and aerospace industries due to their superior properties such as corrosion resistance, hardness, and scratch resistance.
- Rising demand from the medical device industry for laser coatings that can improve biocompatibility and reduce the risk of infection.
- Growing popularity of nanocoating technology, which uses lasers to create a thin film coating on objects at a nano-scale level.
- Increasing use of laser coatings in solar energy applications to improve light absorption and reduce heat loss.
- Proliferation of 3D printing technology, which is creating new opportunities for using laser coatings in additive manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Coating Material Market Research Report
By Type
Cobalt Based Alloys, Nickel Based Alloys, Iron Based Alloys, Carbides and Carbide blends, Others
By Application
Aviation, Power Generation, Automotive and Transportation, Petrochemical processing, Mining, Others
By Companies
Oerlikon Metco, Höganäs AB, Praxair S.T. Technology, Wall Colmonoy, FST, DURUM Verschleißschutz GmbH, Kennametal Stellite, Sentes-BIR, Hongbo Laser, AMC Powders, Henan Igood Wear-resisting Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Laser Coating Material Market Report Segments:
The global Laser Coating Material market is segmented on the basis of:
Types
Cobalt Based Alloys, Nickel Based Alloys, Iron Based Alloys, Carbides and Carbide blends, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aviation, Power Generation, Automotive and Transportation, Petrochemical processing, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oerlikon Metco
- Höganäs AB
- Praxair S.T. Technology
- Wall Colmonoy
- FST
- DURUM Verschleißschutz GmbH
- Kennametal Stellite
- Sentes-BIR
- Hongbo Laser
- AMC Powders
- Henan Igood Wear-resisting Technology
Highlights of The Laser Coating Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cobalt Based Alloys
- Nickel Based Alloys
- Iron Based Alloys
- Carbides and Carbide blends
- Others
- By Application:
- Aviation
- Power Generation
- Automotive and Transportation
- Petrochemical processing
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laser Coating Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laser coating material is a type of coating that uses lasers to create a thin, durable film on the surface of an object. The film can be used to protect the object from scratches and other damage, and it can also provide a glossy finish.
Some of the major players in the laser coating material market are Oerlikon Metco, H¶gan¤s AB, Praxair S.T. Technology, Wall Colmonoy, FST, DURUM VerschleiŸschutz GmbH, Kennametal Stellite, Sentes-BIR, Hongbo Laser, AMC Powders, Henan Igood Wear-resisting Technology.
The laser coating material market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Coating Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laser Coating Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Coating Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laser Coating Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laser Coating Material Market Size & Forecast, 2018-2028
4.5.1 Laser Coating Material Market Size and Y-o-Y Growth
4.5.2 Laser Coating Material Market Absolute $ Opportunity
Chapter 5 Global Laser Coating Material Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Laser Coating Material Market Size Forecast by Type
5.2.1 Cobalt Based Alloys
5.2.2 Nickel Based Alloys
5.2.3 Iron Based Alloys
5.2.4 Carbides and Carbide blends
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laser Coating Material Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Laser Coating Material Market Size Forecast by Applications
6.2.1 Aviation
6.2.2 Power Generation
6.2.3 Automotive and Transportation
6.2.4 Petrochemical processing
6.2.5 Mining
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Coating Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laser Coating Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Laser Coating Material Analysis and Forecast
9.1 Introduction
9.2 North America Laser Coating Material Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Laser Coating Material Market Size Forecast by Type
9.6.1 Cobalt Based Alloys
9.6.2 Nickel Based Alloys
9.6.3 Iron Based Alloys
9.6.4 Carbides and Carbide blends
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Laser Coating Material Market Size Forecast by Applications
9.10.1 Aviation
9.10.2 Power Generation
9.10.3 Automotive and Transportation
9.10.4 Petrochemical processing
9.10.5 Mining
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Laser Coating Material Analysis and Forecast
10.1 Introduction
10.2 Europe Laser Coating Material Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Laser Coating Material Market Size Forecast by Type
10.6.1 Cobalt Based Alloys
10.6.2 Nickel Based Alloys
10.6.3 Iron Based Alloys
10.6.4 Carbides and Carbide blends
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Laser Coating Material Market Size Forecast by Applications
10.10.1 Aviation
10.10.2 Power Generation
10.10.3 Automotive and Transportation
10.10.4 Petrochemical processing
10.10.5 Mining
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Laser Coating Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laser Coating Material Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Laser Coating Material Market Size Forecast by Type
11.6.1 Cobalt Based Alloys
11.6.2 Nickel Based Alloys
11.6.3 Iron Based Alloys
11.6.4 Carbides and Carbide blends
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Laser Coating Material Market Size Forecast by Applications
11.10.1 Aviation
11.10.2 Power Generation
11.10.3 Automotive and Transportation
11.10.4 Petrochemical processing
11.10.5 Mining
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Laser Coating Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Laser Coating Material Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Laser Coating Material Market Size Forecast by Type
12.6.1 Cobalt Based Alloys
12.6.2 Nickel Based Alloys
12.6.3 Iron Based Alloys
12.6.4 Carbides and Carbide blends
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Laser Coating Material Market Size Forecast by Applications
12.10.1 Aviation
12.10.2 Power Generation
12.10.3 Automotive and Transportation
12.10.4 Petrochemical processing
12.10.5 Mining
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Laser Coating Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laser Coating Material Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Laser Coating Material Market Size Forecast by Type
13.6.1 Cobalt Based Alloys
13.6.2 Nickel Based Alloys
13.6.3 Iron Based Alloys
13.6.4 Carbides and Carbide blends
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Laser Coating Material Market Size Forecast by Applications
13.10.1 Aviation
13.10.2 Power Generation
13.10.3 Automotive and Transportation
13.10.4 Petrochemical processing
13.10.5 Mining
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laser Coating Material Market: Competitive Dashboard
14.2 Global Laser Coating Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oerlikon Metco
14.3.2 Höganäs AB
14.3.3 Praxair S.T. Technology
14.3.4 Wall Colmonoy
14.3.5 FST
14.3.6 DURUM Verschleißschutz GmbH
14.3.7 Kennametal Stellite
14.3.8 Sentes-BIR
14.3.9 Hongbo Laser
14.3.10 AMC Powders
14.3.11 Henan Igood Wear-resisting Technology
