In 2021, the laser safety glass market generated total sales of US$509 Million. The global market is anticipated to grow at a rapid CAGR of 10.9% from 2022 to 2028, reaching a valuation of US$ 1.05 billion.
The laser safety glasses market will generate US$ 509 million in revenue in 2021. By 2028, the global market is anticipated to be worth US$1.05 billion, growing at a rapid CAGR of 10.9%.
The key driver boosting sales of laser safety glass is, according to a recent Future Market Insights (FMI) analysis, the expanding use of laser equipment in numerous end-use sectors. Laser safety glass is widely utilised in the medical industry, particularly in the departments of dermatology and dentistry. The market for laser safety glass will continue to be supported by government restrictions on the use of PPE.
Key Takeaways – Laser Safety Glass Market Study
The market for laser safety glass is currently growing at a moderate pace as is a mature market in EU countries. However, it is showcasing healthy growth in Asian region. The market growth will be aided by enforcement of OSHA regulations in industrial engineering and workplace processes and other sites where the personnel are subjected to high intensity laser emissions and interferences. In terms of new end use verticals, defense will be a lucrative sector, encouraging new entrants in the market.
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How is Market Structure Defined?
Dominated by established international players, the laser safety glass market is a consolidated one. Some of the key players in the laser safety glass market such as 3M, Honeywell International Inc., and Philips Safety Products Inc. hold a major share of market pie in terms of revenue, backed by long-term partnerships with consumers and well-established sales network across the continent.
Know More About What the Report Covers
Future Market Insights (FMI), in its new global laser safety glass report, brings to fore an even-handed analysis of the global laser safety glass market, offering comprehensive information with historical demand data for 2013-2021, and forecast statistics for 2022-2028.
The research study offers insightful aspects of the global laser safety glass market based on various categories such as technology (glass laser eyewear safety, polycarbonate safety glass, thin film glass, laser protective face shields, intense pulse light glass), application (automotive, medical, chemicals, military & defence, others), and region (North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa, Asia Pacific Excl. Japan, and Japan).
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Key Segments of Laser Safety Glasses Industry Survey
Laser Safety Glasses Market by Technology:
Laser Safety Glasses Market by Application:
Laser Safety Glasses Market by Region:
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Laser Safety Glasses Market review , outlook , forecast , demand , size , share , keytrends , analysis , Research , overview
May 19, 2023
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