Global Laser-grade Zinc Selenide (ZnSe) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Laser-grade Zinc Selenide (ZnSe) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

ZnSe is a preferred material for lenses, windows, output couplers and beam expanders for its low absorptivity at infrared wavelengths and its visible transmission. For high-power applications, it's critical that the material bulk absorption and internal defect structure be carefully controlled, that minimum-damage polishing technology is employed, and the highest quality optical thin-film coatings are used. Laser-grade ZnSe is suitable for infrared applications ranging from CO2 laser optics to infrared imaging.

Market Overview:

The latest research study on the global Laser-grade Zinc Selenide (ZnSe) market finds that the global Laser-grade Zinc Selenide (ZnSe) market reached a value of USD 199.63 million in 2022. It’s expected that the market will achieve USD 220.22 million by 2028, exhibiting a CAGR of 1.65% during the forecast period.

Laser-grade Zinc Selenide (ZnSe) Market Challenges

With fierce market competition and the replacement of CO2 lasers in the downstream market by fiber lasers and solid-state lasers, the development of the zinc selenide market has been affected. In order to seize the market, many companies have begun to engage in price competition, and global sales have been slow to increase production. Breaking through the fiercely competitive market is a major challenge for the development of the industry.

Laser-grade Zinc Selenide (ZnSe) Market Restraints

It is extremely harmful to water. Even a small amount of product infiltrates into the ground to cause harm to drinking water. Do not discharge the product into the surrounding environment without government permission. It is highly toxic and harmful to the organic matter in the water. Industry production is strictly regulated.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview

The top three companies are II-VI Incorporated, R'AIN Group and Vital Materials with the revenue market share of 15.88%, 14.31% and 12.22% in 2020.

II-VI Incorporated is a global leader in engineering materials and optoelectronic components. It is a vertically integrated manufacturing company that develops diverse applications for the communications, industrial, aerospace and defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets Innovative products. The company produces a variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integration with advanced software to support their customers.

R'AIN Optics is Russia's leading manufacturer of zinc selenide and zinc sulfide optical materials. The company specializes in the growth of infrared and ultraviolet optical materials and the manufacture of optical components, including AR-coated optical components.

Segmentation Overview:

As for product types, the 4N segment held the largest market share in 2021.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Laser-grade Zinc Selenide (ZnSe) market covered in Chapter 3:

Vital Materials
Laser Optex
R'AIN Group
PhoenixTek
Alkor Technologies
Beijing Research Institute of Synthetic Crystals Co., Ltd.
Crystaltechno
II-VI Incorporated
EKSMA Optics
Wavelength-tech
Grinm Advanced Materials Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Laser-grade Zinc Selenide (ZnSe) market from 2018 to 2029 is primarily split into:

4N
5N

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Laser-grade Zinc Selenide (ZnSe) market from 2018 to 2029 covers:

Research
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)