Skip to main content

Axt Inc(AXTI-Q)
NASDAQ

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Global Laser Cleaning Technology Market Booming as Industry Applications Expand

PR Newswire - Thu Oct 27, 2022

PALM BEACH, Fla., Oct. 27, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary:   While laser welding, hole punching and cutting have been known for many years, laser cleaning technology is still considered niche… that is growing every year. It has not been used in industry for a long time, despite the possibility of removing most of the organic contaminants. Laser cleaning refers to removing contaminants from surfaces by the use of laser ablation. Today, a wide range of systems based on pulsed lasers are used for cleaning or removing coatings. Laser equipment is used to remove a layer of paint from delicate surfaces, remove insulation from wires, clean the surface, remove rubber vulcanization residues on tire molds, etc. All these operations can be referred to as "cleaning" in one way or another. The development of laser cleaning has been driven by the need for non-abrasive and safe cleaning that can replace the use of chemical solvents and mechanical abrasive systems.  One of the key issues that characterize most conventional cleaning methods is substrate damage and negative impact on the environment. Abrasive cleaning damages delicate surfaces and is accompanied by large amounts of contamination. The use of chemical solvents is accompanied by liquid waste and potentially hazardous fumes. Problems like these led to the creation of the first laser cleaning systems.  The benefits of laser surface cleaning include: non-contact / non-abrasive process; no chemical solvents or abrasive particles; reduction of pollution volumes; possibility of automation; and improved safety issues.  A report from 360 Research said that: "The Global Laser Cleaning market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. In 2020, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.Active Companies in the markets today include:  Laser Photonics Corporation (NASDAQ: LASE), IPG Photonics Corporation (NASDAQ: IPGP), Lumentum Holdings Inc. (NASDAQ: LITE), Novanta Inc. (NASDAQ: NOVT), AXT, Inc. (NASDAQ: AXTI).

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe

opinion
This Canadian aerospace stock deserves a place on your watch list
Robert Tattersall