Laser Plastic Welding Market: Global opportunity analysis and industry forecast, 2023-2030 Market

Welding is a process which is widely used in the manufacturing industry for joining of two components. Different types of materials can be joined with other by using welding process. Laser welding is one of the important welding methods which are currently being used in the industry. The materials such as thermoplastics can easily be weld by using laser welding method and this process is generally known as laser plastic welding process. This process is more commonly employed in the automotive industry when there is need of high volume welding of the plastic components.

COVID-19 scenario analysis:

• The demand for laser plastic welding is expected to decrease in the year 2020 due to low demand from different industries such as manufacturing and electronics due to the lockdown imposed by government of many countries.
• COVID-19 pandemic has shut-down the production of various products in the laser plastic welding industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of laser plastic weldingmarket significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Laser plastic welding process is also called as through transmission welding process. The laser plastic welding process is not similar to the other metal welding processes. In laser plastic welding process, laser radiations re used so as to join the two plastic parts. In this process, different types of lasers such as fiber lasers, diode lasers, ND: YAG lasers and CO2 lasers are used for the generation of laser radiation. In the laser plastic welding process, a focused laser beam is passed through the upper surface of the component or a part which is to be welded. Then that laser light is converted to the heat energy. The other part which is under the first part absorbs the heat which is generated. Because of the heat which is generated at the surface of the component molten weld seam is created and two parts are joined together. 

There are many ways by using which laser welding process can be performed. These ways includes the processes such as intermediate film welding, through transmission laser welding, laser surface heating anddirect laser welding. Laser welding process can also be used for the joining of the plastic parts with the metals parts. Laser assisted metal plastic joining (LAMP) is the most widely used process in the industries to join the metal and the plastics. It is preferred over the conventional welding methods because of the advantages it provides such as high quality weld appearance, low residual stresses and high joining speeds. LAMP process is commonly used in the medical and automotive applications.     

New product launch to flourish the market:

Many companies in industrial heating equipment market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In April 2019, Evosys Laser GmbH has launched technologically advanced laser welding machine named as EVO 2800. This laser machine has been used by many companies in order to perform the welding of the plastic components. The size of this laser machine is small as compare to the conventional machines and the operation of the EVO 2800 is also economical. 

Key driving factors for the growth of the laser plastic welding market:

Many industries are trying to invent the robotic machines. For manufacturing of robots many plastic components needs to be joined with the metal component. This could be difficult for conventional welding machines but by using laser plastic welding machine plastic and metal components can easily be weld. Hence, the demand for laser plastic welding is expected to rise during the forecast period.

Also, the growth of the automotive industry could be the key driving factor for the growth of laser plastic welding market, as this process is widely employed in the automotive industry.

Key restraining factors for the growth of the laser plastic welding market: 

New technologies have been used in the laser welding machines. This gives more improved performance of the machine. But use of advanced technology also increases the cost of the machines, as these are sometimes costly to use and also requires trained workers. Hence, this could restrain some companies to use advanced laser welding machines. 

Key benefits of the report:

• This study presents the analytical depiction of the laser plastic welding market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed to highlight the market growth scenario.
• The report provides a detailed laser plastic welding market analysis based on competitive intensity and how the competition will take shape in coming years.

 Laser Plastic Welding Market: Global opportunity analysis and industry forecast, 2020-2027 Report Highlights