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Laser cleaning market worth 723.9 million USD by 2023 according to new research report

Industrial Market Research

The laser cleaning market was valued at USD 551.1 Million in 2017 and is expected to reach USD 723.9 Million by 2023, at a CAGR of 4.22% during the forecast period. The base year considered for the study is 2017 and the forecast period is between 2018 and 2023.

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The report "Laser Cleaning Market by Type (Solid and Gas), Conservation & Restoration (Art and Heritage Restoration, Infrastructure), Cleaning Process (Automotive, Aerospace), and Industrial Usage (Nuclear Plant, Refineries), and Geography - Global Forecast to 2023", The laser cleaning market is expected to grow from USD 588.8 Million in 2018 to USD 723.9 Million by 2023, at a CAGR of 4.22% between 2018 and 2023. The preference toward laser cleaning over traditional approach and the increasing demand for laser cleaning in various applications such as conservation and restoration, cleaning process, and industrial usage are propelling the market growth.

Laser cleaning provides many advantages such as chemical, thermochemical, thermal, grinding, and blasting over traditional methods and can even improve the production process in general.

Browse 41 market data Tables and 26 Figures spread through 93 Pages and in-depth TOC on "Laser Cleaning Market - Global Forecast to 2023"
www.marketsandmarkets.com/Market-R…et-134452499.html

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Cleaning process application dominated the overall laser cleaning market

The laser cleaning market, on the basis of application, has been segmented into conservation & restoration, cleaning process, and industrial. The market for cleaning process held the largest market size because of the high demand for cleaning of automotive parts.

Lasers are also used to remove oxide layers on aluminum prior to welding, and to remove coatings such as paint. The growing commercial aerospace sector will also be largely responsible for the overall growth of the laser cleaning market.

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Laser cleaning market for fiber laser expected to grow at the highest CAGR during the forecast period

The market for fiber lasers is expected to witness a significant growth during the forecast period owing to factors such as high precision cleaning, good precision of position cleaning, selective washing, and safe environment to facilitate ease-of-operation, coupled with low maintenance cost. The increasing application areas in art and heritage sites, along with automotive and aerospace parts and surface cleaning, have led to the overall growth of the fiber laser market

APAC expected to hold the highest growth rate in the overall laser cleaning market

The laser cleaning market, on the basis of region, has been segmented into North America, Europe, APAC, and RoW. North America is accounted for the largest share of the laser cleaning market in 2018, followed by Europe and Asia Pacific (APAC).

The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth in the market for laser cleaning in APAC is also driven by the soaring infrastructure market in the region.

APAC, comprising countries such as China, Japan, India, and South Korea, is likely to account for a major share of the laser cleaning market in 2018. This market growth can be attributed to the increasing demand for lasers in cleaning of cultural sites and heritage properties, along with the industrial applications (power plants, nuclear plants, and refineries) in APAC.

Report: www.marketsandmarkets.com/.asp?id=134452499

Major players in the laser cleaning market include 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).

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