Global Laser Materials Market 2018-2022

Below are some of the key findings from this laser materials market analysis report:

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Global laser materials industry overview

The demand for laser materials from various end-user industries such as anti-tank missiles, radar, and electronics sector will drive market growth. Laser materials such as metal, plastics, and glass are also used to encapsulate laser equipment and to protect printed service boards. Moreover, the growing adoption of laser technology by the medical industry for oncology, gene therapy, and nerve repair will further boost the demand for laser materials.

The high demand for plastic lasers is a key trend that will positively impact the growth of the global laser materials market. The demand for plastic lasers is growing rapidly, owing to their excellent properties and cost-effectiveness. Moreover, the evolution of polymers, epoxy, and composite materials will also propel the demand for plastic lasers. These materials are used as laser casings and they provide good protection to electronic components when they are soldered in the PCBs. Thus, the high reliability, enhanced lifespan, and reduced cost of plastic lasers will drive market growth at a CAGR of close to 6% during the forecast period.

Top laser materials companies covered in this report

The global laser materials market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this laser materials industry analysis report will help clients identify and design new growth strategies.

The report offers a detailed analysis of several leading laser materials companies including:

• BASF
• Evonik
• Mitsubishi Chemical
• Morgan Advanced Materials
• Saint Gobain

 Laser materials market segmentation based on material

• Metal
• Glass
• Plastic
• Ceramic
• Others

The metal segment held the largest laser materials market share in 2017. Although the market share of this segment will decrease, it will continue to dominate the market throughout the next five years.

Laser materials market segmentation based on region

• Americas
• APAC
• EMEA

APAC accounted for the largest laser materials market share in 2017. This region will also witness the highest incremental growth to remain the market leader for the next five years.

Key highlights of the global laser materials market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the laser materials market during the next five years
• Precise estimation of the global laser materials market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the laser materials industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of laser materials companies

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