Trusted Business Insights presents the Updated and Latest Study on Laser Materials Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Abstract, Snapshot, Market Analysis & Market Definition: Laser Materials Market
Industry / Sector Trends
Laser Materials Market size was more around USD 1.1 billion in 2016 and is estimated to witness steady growth of around 5.5% over the projected timespan.
Europe Laser Materials Market Size, By Application, 2013 – 2024 (USD Mn)
Popularity of 3D printing or additive manufacturing, rising therapeutic laser based treatments, laser based materials processing, imminent rise of laser based drones and weapons, surging investments in laser manufacturing technologies etc. are the key factors spurring the growth of global laser materials market size.
Medical lasers are making rapid progress by opening avenues in new applications such as oncology, drug delivery, gene therapy, dentistry and nerve repair. Additive manufacturing and 3Dprinitng with laser technology is also gaining momentum as benefits of this technology have been documented by the automakers, aerospace industry and other industrial production sectors that are now using them in their production methods. The providers market is escalating, and a rising number of companies are offering machines for generative procedures.
A laser is made up of circuit board, laser diode, case, optics etc. Its electrical components are made from metals, semiconductor materials and ceramics. Plastic resin such as epoxy with glass fibers in it is used to make circuit board to support it. Semiconductor sections, such as the diodes are enclosed in plastic with metal leads that are linked to metal pads on the circuit board with solder. Resistors and capacitors, are made of a different kind of metals, plastics, and ceramics, glass etc. Glass provides high stability and low thermal expansion coefficient. Optics are either made up from glass, but then less costly acrylic plastics are used in laser pointers. Case can be made with many materials. For e.g., metal.
Manufacturers across the globe are augmenting allocations of R&D to gain a competitive edge and expand their product portfolio. Technological developments in material properties are further propelling the varied materials usage for laser components. On the other hand, fluctuating prices of feedstocks such as crude oil and natural gas prices and wavering metal prices will impede the growth of laser materials market.
Market Segmentation, Outlook & Regional Insights: Laser Materials Market
Laser Materials Market, By Product
Based on the product, the global laser material market comprises of plastic, glass, metal, ceramics and other products. In 2016, metals captured around 46% of the overall laser materials market, followed by other materials. It is mainly used in manufacturing processes of electric components, laser diodes casing of laser and semiconductors. Plastics and ceramics usage is less when compared with glass, metals and non-metals but laser manufacturers are further exploring different methods to use plastics, glass and ceramics for making circuit boards, semiconductor parts etc. Glass is the rapidly growing laser material type between 2017 to 2024. Ceramic is another swiftly growing product category of the laser material market. It is used to manufacturing circuit boards, some semiconductor parts and non-semiconductor parts.
Laser Materials Market, By Application
Laser materials are used in communication, medical, lithography, optical storage, displays, printing, instrumentation & sensors, R&D and military etc. Communication sector accounted for around 1/3rd share in terms of laser materials market volumes, followed by material processing. The growth in communication sector is buoyed by voice demand, transitions to wireless networks etc. in developing countries. Military and R&D applications will accelerate at a fast pace due to its increasing importance. Laser directed armaments are now used to counteract the close-range danger of a small plane or drone attacking an airplane carrier or land-based targets. Laser based skin, therapeutic, hair, dental and other cosmetic treatments have seen a sudden swing in countries such as India, Indonesia, Thailand etc. due to rise in income levels and their desires to cure themselves and have improved care for their health and body. Printing, displays and entertainment category is also experiencing a significant growth due to popularity of laser-based light and entertainment shows, displays, multifunction laser printers, laser projection TVs etc. Other application segments such as lithography, material processing, optical storage and instrumentation & sensors, are likely to display higher demand for laser materials over the coming years.
Laser Materials Market, By Region
Asia-Pacific held a significant share in the global laser material market and will exhibit rapid gains between 2017 and 2024. Other countries such as China, India, Taiwan, South Korea also offers substantial potential for laser materials market over the coming years. Rising healthcare expenditure, changing demographics particularly in India and China are contributing to the regional growth. Expansion of manufacturing base by leading electronics, automotive, semiconductors companies is also pushing the adoption of laser technologies thus contributing towards the growth of laser materials. Technological advancements in the laser based weapons and drones, lased based cinema projections, laser printers will further lead to growth. Laser research spending will propel the growth in European market. Latin America and Middle Eastern markets will grow at meager pace over the coming years.
Key Players, Recent Developments & Sector Viewpoints: Laser Materials Market
Key players having prominent presence in the laser materials market include GrafTech International, Asahi Glass Co., Ltd., CeramTec GmbH, Morgan Advanced Materials, Corning Incorporated, Murata Manufacturing Co., Ltd., Taishan Fiberglass INC., BASF SE, Evonik, The Dow Chemical Company, Mitsubishi Chemical Holdings Corporation, Sinopec Shanghai Petrochemical Group Co., Ltd, Universal Laser Systems, Inc., Norilsk Nickel, Anglo American plc. In 2015, BASF collaborated with Farsoon Hi-tech and Laser-Sinter-Service (LSS), to develop integral solutions for materials, printers, technology and service for 3D printing to provide tailor solutions.
Laser Materials Industry Viewpoint
Laser is a device that generates coherent monochromatic light by stimulated emission of photons from excited atoms or molecule and are most noteworthy inventions developed during the 20th century. These are of utmost importance in the processing of the disparate materials used in engineering and manufacturing. Ceramics, metals, plastics, glass etc. are some of the materials used by laser making companies along with the processing medium. Better ROIs and high energy efficiency of laser technologies is propelling the growth of laser technology. Rising deployments of laser technology in different verticals such as medical, semiconductor & electronics, aerospace & defense and telecommunications will further spur the growth of laser materials market
Key Insights Covered: Exhaustive Laser Materials Market
1. Market size (sales, revenue and growth rate) of Laser Materials industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Laser Materials industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Laser Materials industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Laser Materials industry.
Research Methodology: Laser Materials Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
Quick Read Table of Contents of this Report @ WorldWide Laser Materials Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025
This post was originally published on Downey Magazine