Laser Cleaning Market Ongoing Trends and Recent Developments 2023


Posted September 2, 2022 by avinashgogawale14

The Laser Cleaning Market was valued at USD 551.1 Million in 2017 and is anticipated to grow at a CAGR of 4.22% to reach USD 723.9 Million by 2023.

 
At a CAGR of 4.22% from 2018 to 2023, the Laser Cleaning Market is anticipated to increase from USD 588.8 million in 2018 to USD 723.9 million by that year. The growing need for Laser Cleaning in numerous applications, including conservation and restoration, cleaning procedures, and industrial use, as well as the preference for Laser Cleaning over traditional approaches, are boosting the market's expansion. In comparison to conventional cleaning techniques, laser cleaning offers numerous benefits, including chemical, thermochemical, thermal, grinding, and blasting. It can even enhance the entire production process.

Key Players:

Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC (Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme) (Germany) are major players in the laser cleaning market.

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Applications related to cleaning processes dominated the global laser cleaning market.

According to Application, the market for laser cleaning has been divided into three categories: industrial, conservation & restoration, and cleaning process. Due to the significant need for cleaning automotive parts, the market for cleaning processes had the biggest market size. Additionally, lasers are used to remove paint and coatings like oxide layers from metal before welding. The total expansion of the laser cleaning market will also be partly attributed to the expanding commercial aerospace industry.

The fibre laser cleaning market is anticipated to experience the greatest CAGR growth over the forecast period.

Due to characteristics like high cleaning precision, superior position cleaning precision, selective washing, safe operating environment, and low maintenance cost, the market for fibre lasers is anticipated to experience considerable expansion throughout the forecast period. The fibre laser industry has expanded overall as a result of the expanding application fields in art and heritage sites, automotive and aerospace parts, and surface cleaning.

According to predictions, the global laser cleaning market would develop at the fastest clip in APAC.

North America, Europe, APAC, and RoW are the regions into which the laser cleaning market has been divided. In 2018, North America held the greatest market share for laser cleaning, followed by Europe and Asia Pacific (APAC). The rising use of laser cleaning in the repair of aircraft components and automotive parts is responsible for the market expansion in Asia Pacific. The booming infrastructure industry in the region is another factor fueling the expansion of the laser cleaning market in APAC. APAC, which includes nations like China, Japan, India, and South Korea, is anticipated to hold a sizable portion of the Laser Cleaning market in 2018. This market growth can be ascribed to the rising demand for lasers in industrial applications (power plants, nuclear plants, and refineries) as well as the cleaning of cultural monuments and heritage buildings in APAC.

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Last Updated September 2, 2022