Laser Plastic Welding - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Laser Plastic Welding market is accounted for $876.38 million in 2018 and is expected to reach $1967.21 million by 2027 growing at a CAGR of 9.4% during the forecast period. Some of the key factors propelling the market growth are rising technological advancements and creates more precision welds with a high-quality finish. However, difficulty in the pairing of two white materials is the restraining factor for the growth of the market.
Laser plastic welding is extensively used across a host of industrial sectors, including medical, automotive, and electronic packaging. A laser transparent component and laser absorbing component are forever merged. Prior to being welded, the join partners are positioned and then pressed mutually. In the actual fusion process, the laser beam gets through the transparent component without significantly heating it up. But now, the absorbing component takes the laser energy so that it is heated at the exterior. This energy is transferred through heat conduction onto the surface of the transparent component at transparent laser plastic welding. The absorbed energy plasticizes the plastic which, with pressure and heat conduction, leads to a joining of the components. The existing joining pressure results in a substance-to-substance bond for both parts. The firmness of the resulting welding is within the typical area of base material strength.
By end user, automotive segment is expected to grow at the significant market share during the forecast period due to increasing advancements in laser plastic welding technologies leads to improving the accuracy and weld quality of laser plastic welding due to which, conventional techniques in the laser plastic welding may preferred. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to innovations in the laser plastic welding techniques along with massive investments in R& D activities over the new product development in countries such as Canada and the U.S. has resulted in lucrative demand for the product.
Some of the key players in Laser Plastic Welding Market include Amada Miyachi, Bielomatik Leuze, Control Micro Systems, DILAS Diodelaser, Dukane IAS, Emerson Electric, Han's Laser Technology Industry Group, Jenoptik, Leister Technologies, LPKF Laser and Electronics, Nippon Avionics, Rofin Sinar Technologies and TRUMPF.
• Contour Welding
• Mask Welding
• Quasi-Simultaneous Welding
• Radial Welding
• Simultaneous Welding
• CO2 Laser
• Diode Laser
• Nd:YAG Laser
• Fiber Laser
End Users Covered:
• Consumer Goods
• Electrical & Electronics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.