Global Laser Materials Market
Global Laser Materials Market was valued US$ XX.X Mn. in 2019 and is expected to grow at CAGR of 5.6%, to reach US$ 369.43 Mn. during the forecast period of 2020 to 2027.
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Global Laser Materials Market Definition:
Laser Materials are light-emitting devices consisting circuit board, laser diodes, optics, and case and it uses highly-intensified light beams in cutting, drilling, and welding metals widely utilized in the electronics industry and extensively used in semiconductor devices as ceramics and metal. APAC is estimated to witness significant market growth, due to the excessive penetration of leading market players, typically within china. APAC was valued to be US$ XX Mn in 2019 and is expected to surpass by US$ XX Mn over 2027 in the production of Laser Materials during a forecast period.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis.
Global Laser Materials Market Dynamics
This market study offers a comprehensive analysis of the business models, key influencing factors, market strategies, statistical analysis, Trends and respective market shares of some of the most prominent players in this landscape.
Booming demand in military, anti-tank missiles and electronics industries for laser technology is driving the market growth. Laser materials such as plastics, glass and metal are also used to protect 3D printing and encapsulate laser equipment. Furthermore, Advancements in the technology of material with investment in R&D and the increasing adoption of the laser by the medical industry for gene therapy, oncology and nerve repair due to Due to low-cost operation and the lightweight laser weapons. Henceforth, boosting the demand for laser materials.
However, Fluctuating prices of raw material, feedstocks & high cost of ceramic, glass and metal-based laser materials e.g. crude oil, gas etc. may hinder the growth in the upcoming forecast.
Global Laser Materials Market Segmentation:
The report covers the brief analytical segments of the Global Laser Materials Market thereby providing a wider view at the macro as well as micro levels.
Based on product, metals is estimated to have the largest market for Laser Materials contributing 46% of total revenue in 2019, growing at a CAGR of X.X% and is expected to keep its dominance during the forecast 2020 to 2027. Globally, upsurge development of advance technology, demand for electric components from manufacturing, automotive industries and semiconductors industry increasing Laser Materials production in several emerging countries and flourishing pharmaceutical industry are the key growth drivers of the global Laser Materials. Moreover, increase adoption by major players in developing countries such as China, India, and others, will create new opportunities for the global Laser Materials market.
Further, Glass is growing rapidly for laser material market followed by Ceramic with 25% and 22.21% of market share over the forecast period 2019 to 2027, thanks to widespread application in making semiconductor parts & circuit boards etc.,
In terms of Application, communication industry accounted for 35% of the global market share in 2019, followed by material processing and is growing at the CAGR of XX% during the forecasted period 2019- 2027. The growth is attributed due to mounting demand for e-commerce, economic cycles, Internet services and digitalization of information. Furthermore, widespread application in R&D, radars, anti-tank missiles and underwater equipment in military services are likely to exhibit positive growth for laser materials in the upcoming forecast.
Global Laser Materials Market, Regional analysis
In terms of region, Asia Pacific is dominated as the largest market with Market share of XX.0% in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 5.0% during the forecast period. The presence of emerging countries like China, Taiwan, South Korea and India with dominant industries such as the semiconductors, automobile & electronics in the region offers substantial potential for laser materials market. China is the major producer and exporter of laser material around the globe and India is the second most leading manufacture. Furthermore, rapid industrialization, changing demographics and increasing healthcare expenditure with growing investments & Technological advancements by large companies & government in production is propelling the demand for Laser Materials over the forecast period.
Followed by North America with second largest market share of XX% due to presence of key manufacture & technology advancement within the forecast period.
Global Laser Materials Market Competitive Analysis:
Global Laser Materials Market is extremely uneven and the market vendors use various strategies such ascollaborations, expansions, acquisitions, and launch of new products, joint ventures, acquisitions, and others to upturn their ways in this market.
Major Player dominating the market are BASF SE, GrafTech International and CeramTec GmbH, Asahi Glass Co., Ltd etc.
The objective of the report is to present a comprehensive analysis of the Laser Materials Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Recent Developments, merges & Acquisitions
• Coherent enter into acquisition with Nuvonyx, a high-power diode laser provider and move into high-power materials processing market.
• Resonetics LLC announced an acquisition with Mound Laser and Photonics Center Inc., a manufacturer of the medical device for microscale metal components and defense industries, for an unrevealed entirety. Mound Laser made an impressive strides recently and is based in Ohio, Kettering.
• GE (Boston, MA) Digital industrial company proclaimed to acquire 75% stock for US$599 Mn. (€549 Mn.) in additive manufacturing solutions also called 3D printing machines with design of Concept Laser (Lichtenfels, Germany). The settlement permits GE to take full ownership in a forecasted years.
The report also helps in understanding Global Laser Materials Market dynamics, structure by analyzing the market segments and projects the Global Laser Materials Market size. Clear representation of competitive analysis of key players By Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Laser Materials Market make the report investor’s guide.
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Scope of the Laser Materials Market: Inquire before buying
Global Laser Materials Market, By Type
• Cationic Exchange Polymer
• Anionic Exchange Polymer
• Others
Global Laser Materials Market, By Product
• Metal
• Plastic
• Glass
• Ceramic
Global Laser Materials Market, By Applications
• Communication
• Materials Processing
• Medical & Aesthetic
• Instrumentation & Sensors
• Lithography
• Optical Storage
Global Laser Materials Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Global Laser Materials Market, By Key Players
• BHP Billiton
• Aurubis AG
• ArcelorMittal
• GrafTech International
• Asahi Glass Co. Ltd.
• Rio Tinto Alcan
• Mason Graphite Inc.
• BASF SE
• The Dow Chemical Company
• Evonik
• Mitsubishi Chemical Holdings Corporation
• Morgan Advanced Materials
• CeramTec GmbH
• Corning Incorporated
• Murata Manufacturing Co. Ltd.
• Taishan Fiberglass INC.
• Sinopec Shanghai Petrochemical Group Co. Ltd
• Universal Laser Systems, Inc.
• Norilsk Nickel
• Anglo American plc
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