According to a market report by Lucintel, the future of the global cobalt based laser cladding powder market looks promising with opportunities in the automobile, ship, petrochemical, coal mine, engineering machinery, and aerospace markets. The global cobalt based laser cladding powder market is expected to grow with a CAGR of 5.6% from 2025 to 2031. The major drivers for this market are the rising demand for high-performance materials in aerospace & defense, the growing adoption of laser cladding for component repair & refurbishment, and the increasing emphasis on sustainable manufacturing practices.A more than 150-page report to understand trends, opportunity and forecast in cobalt based laser cladding powder market to 2031 by type (particle size 15μm, particle size 20μm, particle size 45μm, and others), application (automobile, ship, petrochemical, coal mine, engineering machinery, aerospace, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, particle size 45μm is expected to witness the highest growth over the forecast period.
Within the application category, aerospace is expected to witness the highest growth.
Download sample by clicking on cobalt based laser cladding powder market
In terms of region, APAC is expected to witness the highest growth over the forecast period.
Höganäs, DURUM, OerlikonMetco, Sentes-BIR, GKN Powder Metallurgy, AMETEK, Tianjin Zhujin Technology Development are the major suppliers in the cobalt based laser cladding powder market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
Explore Our Latest Publications
Military Biometrics Market
Petroleum Pipeline Infrastructure Market
Two-Factor Biometrics Market
Bi-Color Light-Emitting Diode (LED) Market
Composite Bearing Market