Laser Materials Market Size By Product (Plastic, Glass, Metal, Ceramic), By Application (Communication, Materials Processing, Medical & Aesthetic, Instrumentation & Sensors, Lithography, Optical Storage, R&D & Military), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Germany, Spain, China, India, Japan, Australia, Mexico, Brazil, Argentina, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017–2024
Published Date: May 2017 | Report ID: GMI1600 | Authors: Kiran Pulidindi Report Format: PDF
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)
Get more details on this report - Request Free Sample PDF
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.
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 TV’s 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.
Competitive Market Share
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 Background
Get more details on this report - Request Free Sample PDF
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 ROI’s 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.
What Information does this report contain?
|Charts / Figures:||10|