Global Laser Material Market 2015 and 2023 | Page 2

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.

Browse The Full Report At: http://www.transparencymarketresearch.com/laser-materialmarket.html
In order to study the market meticulously, the report divides it into segments based on the following criteria:
Product type, application, and region. Taking product type as a criteria, the report divides the global laser
material market into the following segments: Glass, plastic, metal, ceramics, and others. The metals segment
led the global market in terms of demand in 2014 with a share of 45%. The others segment (alumina, graphite,
and other advanced materials) was the second largest in 2014, says the report.
In a similar fashion, the report uses application areas of lasers as a criteria to segment the global laser material
market into: medical and aesthetics, material processing, optical storage, instrumentation and sensors,

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Transparency Market Research