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  Market Overview The Hardfacing Alloy Powder market has been witnessing steady growth, driven by its critical role in enhancing the wear resistance and durability of industrial machinery and components. Hardfacing alloys are specialized powders used in welding processes to apply a protective layer on surfaces exposed to abrasion, impact, or corrosion. These powders are essential in industries such as mining, construction, energy, and manufacturing, where equipment faces extreme operational conditions. The global Hardfacing Alloy Powder market size is predicted to grow from US$ 1790 million in 2024 to US$ 2368 million in 2030; it is expected to grow at a CAGR of 4.8% from 2024 to 2030. The market is seeing increased adoption of advanced powders with superior properties, such as higher hardness, toughness, and thermal stability, which extend equipment life and reduce maintenance costs. Market Dynamics Several factors are shaping the growth of the Hardfacing Alloy Powder mar...