Laser Cladding Materials Market, by Alloy Type (Nickel-based, Cobalt-based, Iron-based, Carbide & carbide blends, and others), by End User Industry (Power Generation, Automotive, Oil & Gas, Aviation, Mining, Construction, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028
Major companies operating in the global laser cladding materials market include FST, AMC Powders, Oerlikon Metco, Hoganas AB, Praxair S.T. Technology, Hongbo Laser, Henan Igood, Wall Colmonoy, DURUM, Sentes-BIR, and Shandong Sitaili
Companies are focusing on different strategies such as mergers and acquisitions to increase their market presence globally, which, in turn, is expected to facilitate the market growth over the forecast period. For instance, in August 2019, MOGAS Industries, a provider of application specific products for power, chemical, and oil & gas industry, acquired Brenco Group, an Australian surface coatings provider.