Companies are concentrating on improving the quality of their welds and joining processes.
Laser plastic welding is widely employed in a variety of industries, such as medicine, automobiles, and electronic packaging. The demand for laser plastic welding will continue to rise due to advancements in textile joining, as well as the connecting of various types of materials such as metal to plastics and other materials. Laser plastic welding is becoming more popular, especially in the development of goods composed of thermally sensitive materials. Laser plastic welding is also gaining interest in wide-area lamination due to its ability to produce exact patterns and greater complexity in joints. Furthermore, demand for laser plastic welding is steadily increasing, since it provides optimal strength while reducing cycle time in chemical bonding and mechanical joining applications.
Ultrasonic vibration, hot plate, spin, radiofrequency, implant, and laser/infrared are just a few of the prominent laser plastic welding procedures. Product developers and businesses in the contemporary Laser Plastic Welding Market are increasingly focusing on prospects in the healthcare industry. Companies should also concentrate on developing new product designs in the present market landscape, as well as improving the overall efficacy and performance of their assembly/joining operations. Laser plastic welding has shown to be an excellent method for forming permanent connections for applications that require a permanent seal or joint between two or more components. By 2025, the global laser plastic welding market is expected to be worth US$ 1.5 billion.
In the healthcare industry, there is a growing demand for safe, dependable, and versatile laser plastic welding.
Despite the fact that laser plastic welding equipment is more expensive than other options, its outstanding adaptability makes it an excellent choice for medical applications. Laser plastic welding is a technique for assembling and joining components composed of a variety of materials in a variety of sizes and forms. Furthermore, because laser plastic welding causes minimal vibration and relative movement between two parts, it can be used to join sensitive components without causing harm. Over the previous decade, the use of laser plastic welding for the construction of in vitro diagnostic (IVD) and microfluidic devices has increased steadily, and this trend is expected to continue during the study’s duration. Companies in the laser plastic welding industry are concentrating on meeting their clients’ design requirements. The need for laser plastic welding is increasing because it provides superior welding quality and enhanced aesthetics, which effectively handle the issues faced when merging complex geometries, adaptability, and other factors.
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While the healthcare industry will continue to be a major end-user in the laser plastic welding market, the automobile industry is likely to take the lead. Traditional laser plastic welding techniques are projected to be replaced during the forecast period as advances in laser plastic welding technologies have played a crucial role in enhancing the precision and weld quality of laser plastic welding.
To increase market share, businesses rely on inorganic growth strategies.
Companies in the laser plastic welding market are interested in extending their market share through inorganic growth methods such as mergers and acquisitions, in addition to focusing on enhancing the performance and quality of their welds. Companies are also concentrating on expanding their product portfolios in order to strengthen their position in the laser plastic welding market. For example, in June 2019, Dukane added the Blackhawk Technology Group to their laser plastic welding offering. Dukane went on to say that the purchase of Blackhawk Technology would help the company strengthen its position in the industry. The acquisition will strengthen the company’s product portfolio, which is used in a variety of industries.
While inorganic expansion tactics are projected to gain traction, several organisations are expected to concentrate on developing cutting-edge technology to increase the quality of their laser plastic welds. For example, Trumpf GmbH announced in July 2017 that it is incorporating EHLA, a new technology that is faster and more efficient than traditional laser deposition welding.
Analysts’ Point of View
During the forecast period, the worldwide laser plastic welding market is expected to rise at an amazing CAGR of 8.4%. A number of factors are driving market expansion, including increased demand from end-use industries, advancements in laser technology, falling laser technology prices, extraordinary adaptability, and technological advancements. Companies operating in the current environment should concentrate on diversifying their product portfolios, integrating new technology, and improving product quality. The automotive and healthcare sectors will provide lots of chances for laser plastic welding market players, as demand for improved joining and assembly technologies is expected to rise, particularly in these two industries.
Overview of the Laser Plastic Welding Market
Rapid growth in the automotive industry is expected to strengthen laser plastic welding market growth, according to Zion Market Research’s latest market study for the historical period of 2016-2019 and forecast period of 2020-2025. The global laser plastic welding market is valued at US$ 950 million in 2019 and is expected to grow at an annual rate of 8.4% between 2020 and 2025.