Global Laser Material Market to Register 5.5% Cagr from 2015 to 2023, Demand for Metal Laser Materials Highest.Pdf

Transparency Market

Research

Laser Material Market - Global Industry Analysis and

Forecast 2015 - 2023

Published Date

29-Oct-2015

225 Page Report

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Press Release

Global Laser Material Market to Register 5.5% CAGR from 2015 to 2023, Demand

for Metal Laser Materials Highest:TMR

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Laser Material Market

REPORT DESCRIPTION

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

Driven by considerable demand from the pharmaceuticals, aerospace and defense, and telecommunication

industries, the global laser material market is projected to rise from its 2014 valuation of US$1.02 bn to touch

US$1.64 bn by 2023, says Transparency Market Research (TMR). This translates to a 5.5% CAGR from 2015

to 2023 for the global laser material market. Sized in terms of volume, the market for laser materials stood at

274.7 kilo tons in 2014, TMR’s report finds. The report, titled ‘Laser Material Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023’, notes that despite the presence of

ample growth drivers, the market could be restrained by volatile prices of metals, crude oil, and natural gas.

The report also identifies the growing demand for laser products in Asia Pacific as an opportunity worth

exploring further. Using data from verifiable sources such as industry trade magazines, paid research

databases, trade volumes, and recent regulatory developments, the report evaluates the laser material market

in great detail.

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