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Demand for Laser Materials Strongest in Asia Pacific, Trailed by North America and Europe.

Laser Material Market was valued at US$1.02 bn in 2014 and is anticipated to reach US$1.64 bn in 2023, expanding at a CAGR of 5.5% between 2015 and 2023.
Published 30 October 2015

Transparency Market Research has published a new report titled “Laser Material (Metals, Ceramics, Plastics, Glass and Others) Market for Communication, Metal Processing, Medical & Aesthetic, Instrumentation & Sensor, Lithography, Optical Storage, R&D & Military, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.” According to the report, the global market for laser material was valued at US$1.02 bn in 2014 and is anticipated to reach US$1.64 bn in 2023, expanding at a CAGR of 5.5% between 2015 and 2023. In terms of volume, the global laser material market stood at 274.7 kilo tons in 2014.

A typical laser consists of a laser diode, circuit board, case, and optics. Major raw materials used in the manufacture of laser include glass, plastic, metal, ceramic, and others along with the processing medium, which is the source of optical gain within the laser. Plastics are principally consumed in the production of circuit boards, semiconductor parts, optics of laser, and case during the manufacture of components or structural parts of laser. Glass is chiefly consumed in the manufacture of circuit boards as glass fibers enhance its physical properties. Besides this, glass is largely required for the production of optics and numerous non-semiconductor parts. Metal is used in the production of electric components of laser, laser diodes, semiconductor, and casing of laser. The metals segment held the largest share of the laser material market in 2014. Ceramics is used in semiconductor parts, non-semiconductor parts, and in the production of circuit boards. Other raw materials consumed in the laser material market are graphite, alumina, and other advanced materials.

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Laser devices are used in communication, material processing, medical & aesthetic, instrumentation & sensor, lithography, optical storage, R&D and military, and others. Communication was the largest application segment of the market for laser material in 2014. Laser technology plays a vital role in communication. Increasing demand for Internet services, e-commerce, digitalization of information, and economic cycles are primarily driving growth of laser devices. This, in turn, is boosting the communication application segment of the laser material market. In the material processing application, laser technology is broadly used in material (metal, graphite, diamond, etc.) cutting, designing of machine parts, and advanced material processing technology.

Asia Pacific constituted approximately 30% share of the global laser material market in 2014, followed by North America and Europe. Asia Pacific has emerged as the key region for laser device manufacturers due to economic development and vast consumer base coupled with increasing disposable income in the region. This is boosting communication, material processing, and medical & aesthetic industries, thereby encouraging various manufacturers to establish new capacities in Asia Pacific. Demand for laser material in Asia Pacific is driven by economies such as China, Japan, and countries in ASEAN. China is one of the fastest-growing countries in terms of industrialization and economic growth. Significant expansion of the manufacturing industry coupled with growth in the communication sector have been witnessed in China and other emerging economies during the past five years. Japan is one of the technology leaders in the development of high-end laser devices in the region and is also one of the major consumers of laser devices in industries such as medical, lithography, optical storage, and others. Rising number of equipment manufacturing companies, presence of large mining resources, and advancement in performance materials are major factors driving growth of the laser material market in North America. Strong growth in the industrial base, increasing investment in R&D of advanced materials, and presence of potential mining resources are driving the laser material market in Europe. Development of various industrial hubs, growth in oil & gas refineries, and huge investments in mining & drilling projects are propelling the laser material market in the Middle East & Africa.

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Major players in the laser material market include BHP Billiton, Aurubis AG, Anglo American plc, Norilsk Nickel Group, ArcelorMittal, Sinopec Shanghai Petrochemical Group Co., Ltd., Mitsubishi Chemical Corporation, The Dow Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, BASF SE, Taishan Fiberglass Inc., Murata Manufacturing Co., Ltd., Corning Incorporated, Saint Gobain, Mason Graphite Inc., GrafTech International, Kyocera Corp., Asahi Glass Co., Ltd., CreamTec GmbH, Morgan Advanced Materials plc., Triton Minerals Ltd., Deveron Resources Ltd., Schott AG, and Rio Tinto Alcan. The report segments the global laser material market as follows:

Laser Material Market – Product Analysis

  • Metals
  • Ceramics
  • Plastics
  • Glass
  • Others (Including Non-metals, etc.)

Laser Material Market – Application Analysis

  • Communication
  • Metal Processing
  • Medical & Aesthetic
  • Instrumentation & Sensor
  • Lithography
  • Optical Storage
  • R&D and Military
  • Others (Including Printing, Telecom, etc.)

Laser Material Market – Regional Analysis

  • North America
    • US.
    • Rest of North America
  • Europe
    • UK.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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