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    Laser Materials Market | Covid-19 Impact Analysis

    Laser Materials Market | Covid-19 Impact Analysis

    Laser Materials Market | Covid-19 Impact Analysis
    Report code - SRAM466 Delivery - 2 Weeks
    Laser Materials Market Size, Share, Trend, Forecast, & Industry Analysis – 2020- See more...
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    Impact of COVID-19 on Laser Materials Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Laser Materials Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Laser Materials Market Insights

    Laser Materials Market is likely to witness a CAGR of 4.2% during the forecast period. The major factors such as, increase in popularity of laser technology in medical surgery and advanced metal processing techniques, 3D printing accompanied by persistent requirements for improved communication, and directed-energy weapons in military & scientific applications, rising demand for better and improved mobility solutions accompanied by surging sales of electric vehicles globally, and the manufacturers developing innovative solutions for further integrating laser technology into military equipment are expected to significantly impact the production and fuel the growth of the market during the forecast period.

    Laser Materials Market - Snapshot

    Growth

    4.2% for the next five years

    Major Product Type

    Ceramics

    Dominant Application Type

    Materials Processing  

    Region with the highest demand

    Europe

    Key Players

    AGC Inc., BASF SE, CeramTec GmbH, Coherent Inc., Corning Incorporated, Evonik, GrafTech International Ltd., Mitsubishi Chemical Holdings Corporation, Morgan Advanced Materials, and The Dow Chemical Company.

     

    Market Share Analysis

    Laser-Materials-Market-Dominant-Segments

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    Laser Materials Market Share: By Product Type

    Based on the product type, the market is segmented as plastic, glass, metal, ceramics, and others. Ceramic is estimated to witness significant growth rate in the market during the forecast period. It has become a feasible material in laser technology as it offers various excellent features such as low optical scattering, low thermal expansion coefficient, low dependence of index of refraction, toughness, and optical path length of temperature, due to which it is utilized in high-powered and solid-state lasers as a replacement to single crystals and glass to generate laser beams, fueling the growth of the laser materials market during the forecast period.

    Laser Materials Market Share: By Application Type

    Based on the application type, the market is segmented as communication, materials processing, medical & aesthetic, instrumentation & sensors, lithography, optical storage, R&D military, and others. The materials processing segment is estimated to be the major application in the market, witnessing significant growth rate over the forecast period. The product is widely utilized in the material processing segment, in all types of metal fabrication such as welding, drilling, annealing, and cutting.

    Laser Materials Market Share: By Region

    In terms of regions, Europe is estimated to hold the largest share of the market during the forecast period. The growth of the market is attributed to technological enhancements and developed market in the region. The major factors such as large investments made by the regional government and industry players in R&D activities, in order to serve their customers, presence of pre-dominant automobile manufacturing units accompanied by growing demand for commercial aircraft, and increasing healthcare and defense expenditures in various countries including Germany, Russia, Italy, France, etc. are expected to contribute in boosting the laser materials’ market growth in the regional market during the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Laser-Materials-Market-By-Region

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    Some of the key players in the laser materials market are-

    • AGC Inc.
    • BASF SE
    • CeramTec GmbH
    • Coherent Inc.
    • Corning Incorporated
    • Evonik
    • GrafTech International Ltd.
    • Mitsubishi Chemical Holdings Corporation
    • Morgan Advanced Materials
    • The Dow Chemical Company.

     

    Market Scope & Segmentation

    Laser material processing is a technique which uses laser energy for modification of a material’s shape or appearance and it also provides various benefits such as the ability to quickly change designs, make products without any requirement for retooling, and also enhance the quality of finished products.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Laser Materials Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The laser materials market is segmented into the following categories. 

    Laser Materials Market Size, Share, & Forecast, by Product Type:

    • Plastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ceramics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Laser Materials Market Size, Share, & Forecast, by Application Type:

    • Communication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Materials Processing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical & Aesthetic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Instrumentation & Sensors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithography (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Optical Storage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • R&D & Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Laser Materials Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Laser-Materials-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Laser Materials Market in the foreseeable future?

    The laser materials market is expected to witness an impressive growth of 4.2% CAGR in the foreseeable future.

    Who are the key players in the Laser Materials Market?

    AGC Inc., BASF SE, CeramTec GmbH, Coherent Inc., Corning Incorporated, Evonik, GrafTech International Ltd., Mitsubishi Chemical Holdings Corporation, Morgan Advanced Materials, and The Dow Chemical Company are among the key players in the Laser Materials Market.

    Which country/region is expected to hold the largest share of the Laser Materials Market?

    Europe is expected to hold the largest share of the laser materials market during the next five years.

    Which product type is expected to witness significant growth rate in the Laser Materials Market?

    Ceramic is expected to witness significant growth rate in the Laser Materials Market in the coming years.

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