Lasers are light-emitting devices comprising laser diodes, circuit board, laser cases, and optics. They are used in electrical and electronics industry, and laser materials such as ceramics and metals are extensively used in semiconductor devices. Other laser materials such as glass, plastics, and epoxy-based materials are used in semiconductor devices to encapsulate electronic components such as laser diodes, capacitors, and resistors and protect them from damage and short circuit.
Market Analysis and Insights: Global Laser Materials Market
Due to the COVID-19 pandemic, the global Laser Materials market size is estimated to be worth US$ 1445.9 million in 2022 and is forecast to a readjusted size of US$ 1888.3 million by 2028 with a CAGR of 4.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Metal accounting for % of the Laser Materials global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Communication segment is altered to an % CAGR throughout this forecast period.
In terms of geographic regions, the laser material processing market will witness considerable growth in APAC during the next few years. This region will be the major contributor to the growth of the laser materials market due to the rapid economic development in the emerging countries such as China and India.
Global Laser Materials Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Laser Materials Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Metal
Glass
Plastic
Ceramic
Others
Segment by Application
Communication
Materials Processing
Medical & Aesthetic
Instrumentation & Sensors
Lithography
Optical Storage
R&D & Military
By Company
BASF
Evonik
Mitsubishi Chemical
Morgan Advanced Materials
Saint Gobain
CeramTec
Corning
Murata Manufacturing
Taishan Fiberglass
Universal Laser Systems
GrafTech International
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina