Market Overview:
The global colorless optical glass market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for colorless optical glass from various applications such as consumer optics, industrial equipment, medical & biotech, semiconductors and others. In terms of type, the single coated glass segment is expected to hold the largest share of the global colorless optical glass market during the forecast period. This can be attributed to its low cost and high transparency as compared to other types of glasses.
Product Definition:
Colorless optical glass is a type of optical glass that has been specifically designed to be free of any color distortion. This makes it ideal for use in precision optics and other devices where color accuracy is critical.
Single Coated Glass:
Single coated glass is a type of optical glass that has one metal coating on its surface. Optical glasses are used in numerous applications such as in the manufacturing of lenses and mirrors, which are widely used across various end-use industries such as automotive, construction and medical. The single coated glass market is expected to witness significant growth over the forecast period owing to increasing demand for eyeglasses especially from developing countries including China and India.
Double Coated Glass:
Double coated glass, also known as DCG or CDG is a type of optical glass with two layers of coating on each side. The first layer acts as an anti-reflective coating and the second one makes the glass transmittance range from near UV through MWIR spectrum to visible light. It's primarily used for making windows, lenses, etc., in surveillance cameras and other such devices that require clear vision without image distortion.
Application Insights:
The consumer optics segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to rising demand for colorless lenses from a variety of end-use applications including fashion, cosmetic, optical stores and prescription eyewear manufacturers among others.
The industrial equipment segment is expected to witness significant growth over the forecast period owing to growing use of colorless glass in manufacturing process such as cutting machines, drilling machines and furnaces among others. In addition, increasing use of these products by machine vision operators will drive their demand further. Furthermore, they are used in making spectacles that are used by surgeons & ophthalmologists which also contributes towards market growth.
Regional Analysis:
Asia Pacific dominated the global colorless optical glass market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as electronics, automotive, medical & biotech, and others. China is one of the largest producers of colorless optical glass owing to availability of raw materials at a low cost.
The Asia Pacific regional market for colorless optical glass was followed by Europe in 2016 in terms of volume production. However, Europe is anticipated to emerge as a major consumer for these products due to growing optoelectronics industry coupled with technological advancements such as miniaturization and high performance standards associated with it. North America also accounted for a significant share owing manufacturers based there who are involved themselves or have connections with companies that deal directly or indirectly with these products such as Corning Incorporated (UFOlex), Schott Group (SGP), Schott AG (GLS) etc.
Growth Factors:
- Increasing demand for colorless optical glass from the optoelectronics and photonics industries for use in fiber-optic communication systems, medical devices, and other applications
- Growing popularity of LED lighting, which requires high-quality colorless optical glass to produce bright light with accurate colors
- Proliferation of smartphones and other portable electronic devices that require small but high-quality lenses made from colorless optical glass
- Advances in manufacturing technology that have led to the production of higher quality colorless optical glass at lower costs
- Rising demand from emerging markets such as China and India for advanced optics products made with colorless optical glass
Scope Of The Report
Report Attributes
Report Details
Report Title
Colorless Optical Glass Market Research Report
By Type
Single Coated Glass, Double Coated Glass, Triple Coated Glass
By Application
Consumer Optics, Industrial Equipment, Medical & Biotech, Semiconductors, Others
By Companies
Schott Glaswerke AG, HOYA CORPORATION, CDGM Glass Company, Edmund Optics, Nikon Corporation, Crystran Ltd, Sumita Optical Glass, Sterling Precision Optics, CORNING, OAG Werk Optik, Schott Glaswerke AG, China South Industries Group Corporation, Hubei New Huaguang, Changchun Boxin Photoelectric Co.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Colorless Optical Glass Market Report Segments:
The global Colorless Optical Glass market is segmented on the basis of:
Types
Single Coated Glass, Double Coated Glass, Triple Coated Glass
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Optics, Industrial Equipment, Medical & Biotech, Semiconductors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schott Glaswerke AG
- HOYA CORPORATION
- CDGM Glass Company
- Edmund Optics
- Nikon Corporation
- Crystran Ltd
- Sumita Optical Glass
- Sterling Precision Optics
- CORNING
- OAG Werk Optik
- Schott Glaswerke AG
- China South Industries Group Corporation
- Hubei New Huaguang
- Changchun Boxin Photoelectric Co.
Highlights of The Colorless Optical Glass Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Coated Glass
- Double Coated Glass
- Triple Coated Glass
- By Application:
- Consumer Optics
- Industrial Equipment
- Medical & Biotech
- Semiconductors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Colorless Optical Glass Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Colorless optical glass is a type of glass that does not contain any color. This type of glass is often used in products that need to be transparent, such as windows and lenses.
Some of the key players operating in the colorless optical glass market are Schott Glaswerke AG, HOYA CORPORATION, CDGM Glass Company, Edmund Optics, Nikon Corporation, Crystran Ltd, Sumita Optical Glass, Sterling Precision Optics, CORNING, OAG Werk Optik, Schott Glaswerke AG, China South Industries Group Corporation, Hubei New Huaguang, Changchun Boxin Photoelectric Co..
The colorless optical glass market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Colorless Optical Glass Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Colorless Optical Glass Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Colorless Optical Glass Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Colorless Optical Glass Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Colorless Optical Glass Market Size & Forecast, 2018-2028 4.5.1 Colorless Optical Glass Market Size and Y-o-Y Growth 4.5.2 Colorless Optical Glass Market Absolute $ Opportunity
Chapter 5 Global Colorless Optical Glass Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Colorless Optical Glass Market Size Forecast by Type
5.2.1 Single Coated Glass
5.2.2 Double Coated Glass
5.2.3 Triple Coated Glass
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Colorless Optical Glass Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Colorless Optical Glass Market Size Forecast by Applications
6.2.1 Consumer Optics
6.2.2 Industrial Equipment
6.2.3 Medical & Biotech
6.2.4 Semiconductors
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Colorless Optical Glass Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Colorless Optical Glass Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Colorless Optical Glass Analysis and Forecast
9.1 Introduction
9.2 North America Colorless Optical Glass Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Colorless Optical Glass Market Size Forecast by Type
9.6.1 Single Coated Glass
9.6.2 Double Coated Glass
9.6.3 Triple Coated Glass
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Colorless Optical Glass Market Size Forecast by Applications
9.10.1 Consumer Optics
9.10.2 Industrial Equipment
9.10.3 Medical & Biotech
9.10.4 Semiconductors
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Colorless Optical Glass Analysis and Forecast
10.1 Introduction
10.2 Europe Colorless Optical Glass Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Colorless Optical Glass Market Size Forecast by Type
10.6.1 Single Coated Glass
10.6.2 Double Coated Glass
10.6.3 Triple Coated Glass
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Colorless Optical Glass Market Size Forecast by Applications
10.10.1 Consumer Optics
10.10.2 Industrial Equipment
10.10.3 Medical & Biotech
10.10.4 Semiconductors
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Colorless Optical Glass Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Colorless Optical Glass Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Colorless Optical Glass Market Size Forecast by Type
11.6.1 Single Coated Glass
11.6.2 Double Coated Glass
11.6.3 Triple Coated Glass
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Colorless Optical Glass Market Size Forecast by Applications
11.10.1 Consumer Optics
11.10.2 Industrial Equipment
11.10.3 Medical & Biotech
11.10.4 Semiconductors
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Colorless Optical Glass Analysis and Forecast
12.1 Introduction
12.2 Latin America Colorless Optical Glass Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Colorless Optical Glass Market Size Forecast by Type
12.6.1 Single Coated Glass
12.6.2 Double Coated Glass
12.6.3 Triple Coated Glass
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Colorless Optical Glass Market Size Forecast by Applications
12.10.1 Consumer Optics
12.10.2 Industrial Equipment
12.10.3 Medical & Biotech
12.10.4 Semiconductors
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Colorless Optical Glass Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Colorless Optical Glass Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Colorless Optical Glass Market Size Forecast by Type
13.6.1 Single Coated Glass
13.6.2 Double Coated Glass
13.6.3 Triple Coated Glass
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Colorless Optical Glass Market Size Forecast by Applications
13.10.1 Consumer Optics
13.10.2 Industrial Equipment
13.10.3 Medical & Biotech
13.10.4 Semiconductors
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Colorless Optical Glass Market: Competitive Dashboard
14.2 Global Colorless Optical Glass Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schott Glaswerke AG
14.3.2 HOYA CORPORATION
14.3.3 CDGM Glass Company
14.3.4 Edmund Optics
14.3.5 Nikon Corporation
14.3.6 Crystran Ltd
14.3.7 Sumita Optical Glass
14.3.8 Sterling Precision Optics
14.3.9 CORNING
14.3.10 OAG Werk Optik
14.3.11 Schott Glaswerke AG
14.3.12 China South Industries Group Corporation
14.3.13 Hubei New Huaguang
14.3.14 Changchun Boxin Photoelectric Co.