Laser Materials Market growth outlook with industry review and forecast 2019-2024

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Laser Materials Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Global Market Scenario of Laser Materials Industry

• Global Market Insights, Inc. has recently added a
  new report on laser materials market which
  provides a succinct analysis of the market size,
  revenue forecast, and the regional landscape of
  laser materials industry.
• The laser based materials have been popularized
  by their implementation in additive manufacturing
  or 3D printing. Investments are being made in
  laser manufacturing technology which will
  considerably affect the product market. The
  therapeutic value of laser has resulted in a
  surge in demand for the product.
• Increasing consumer awareness about laser based
  hair, skin and dental treatments have experienced
  a swing in countries such as Thailand, India,
  Indonesia, etc. Rising disposable income of the
  people has led to an increase in cosmetic laser
  based surgeries as people have become more
  conscious about their body and health.
• Laser macro processing system which includes
  welding, cutting and additive manufacturing have
  also propelled the demand for the product.
  Substantial investment by the automotive industry
  into laser cutting and welding equipment is a key
  driver of the growth.

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• Technological advancements in materials and their
  properties will further fuel the product market
  growth. Application of the product in automotive,
  aerospace and other industrial sectors will
  escalate the demand for the product over the
  forecast period.
• The increased amount of data transfer and speed
  in communication are some of the key advantages
  that will drive the product market in future. The
  product has also gained significant importance in
  military applications which will upscale the
  demand for the product during the forecast
  timeframe.
• Laser materials encompass a multitude of
  applications in medical field, communication,
  displays, RD military, printing, optical
  storage, etc. Entertainment category has also
  experienced significant positive change due to
  the laser light shows, projection TVs, etc.
  Communication sector is estimated to grow with a
  decent rate of 5.3. Shifting toward wireless
  networks and increased voice demand will propel
  the product market.
• On the basis of product type, the materials have
  been classified as glass, metal, plastic,
  ceramics and others such as non-metals.
  Application of glass for laser materials is
  estimated to grow at a significant rate of 7.7.
  Manufacturers are exploring techniques to use
  plastics and ceramics for making semiconductor
  parts, circuit boards, etc.

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360 Industry Analysis

• Asia Pacific held a noticeable market share in
  terms of revenue, which is expected to grow at a
  CAGR of 5.5. The increased expenditure on
  healthcare will contribute to the regional
  markets in Taiwan, India, China and South Korea.
• In Europe, the metals segment is expected to
  account for the largest market volume of 40.1
  kilo tons by 2024 owing to the diverse
  applications and ongoing research.
•  

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• Competitive Analysis
• Key players in the laser materials market
  includes Morgan Advanced Materials, GrafTech
  International, Asahi Glass Co., Ltd., BASF SE,
  Corning Incorporated, Murata Manufacturing Co.,
  Ltd., CeramTec GmbH, Taishan Fiberglass Inc.,
  Evonik, The Dow Chemical Company, Universal Laser
  Systems, Inc., Anglo American plc and Mitsubishi
  Chemical Holdings Corporation.

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