Market Overview:
The global lens monomer 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 contact lenses and glasses, rising awareness about eye health, and technological advancements in the lens monomer industry. The global lens monomer market is segmented on the basis of type into clear lenses, photochromic lenses, and others. The clear lenses segment is expected to dominate the global lens monomer market during the forecast period owing to their high demand from consumers for corrective eyewear. Photochromic lenses are also witnessing high demand due to their ability to change color in response to varying light conditions. On the basis of application, the global lens monomer market is segmented into glasses stores, ophthalmology hospitals, and others. The glasses stores segment dominates this market owing to rising consumer preference for buying corrective eyewear from dedicated stores as opposed to pharmacies or general retail outlets.
Product Definition:
Lens monomer is a type of molecule that can form a lens. It is important for the formation of lenses because it helps to keep the shape of the lens and prevents it from becoming distorted.
Clear Lenses:
Clear lenses are made up of two types of glass, namely gas-permeable and water-permeable. The basic function of a clear lens is to transmit light with maximum efficiency. They do not necessarily have to be transparent; in fact, most high impact resistance lenses are not transparent owing to the addition of anti-reflective coatings or special type of glass used for making them so.
Photochromic Lenses:
Photochromic lenses are a type of lens that darkens when exposed to UV light and re-appears clear when indoors lighting is sufficient. They were initially developed for military use to protect the eye from harmful ultra-violet radiation, but now are used in various applications such as photography, fashion, etc. The Photochromic lens market is expected to grow at a significant rate owing to its growing demand in the above mentioned application areas.
Application Insights:
The others segment held the largest share of over 50.0% in 2017 and is expected to witness significant growth during the forecast period. The other application includes spectacles, goggles and surgical masks among others. Increasing demand for sports goggles, safety glasses & welding masks are some of the products that are likely to drive this market over the forecast period.
Glasses stores were one of the major application segments in 2017 as they offer a variety of prescription eyewear from various brands at affordable prices which attracts a large consumer base every year since its inception in 2014. Lens monomer manufacturers have their manufacturing facilities at Glasses Stores Marketplaces (GSMP) where they produce prescription lenses for various frames according to specific prescriptions provided by Eye Hospitals or Optometrists (Ophthalmologists).
Regional Analysis:
Europe dominated the global lens monomer market in 2017. The presence of major players, availability of advanced technologies and high disposable income are some factors responsible for its large share. In addition, increasing demand for spectacles is expected to drive the regional market over the forecast period.
The Asia Pacific is expected to witness significant growth during the forecast period owing to rapid industrialization and developing healthcare sector in countries such as China, India and Japan. Moreover, rising awareness regarding ophthalmology conditions among people is also anticipated to fuel product demand during this period. Increasing number of glasses stores due to growing consumer preference for fashionable frames also drives this regional market forward with a CAGR exceeding 6% from 2018 to 2030 (USD X million).
In North America region; U.S., Mexico compete with each other on manufacturing lenses based on quality & price factor thus driving industry growth in that region over next eight years (USD X billion).
Growth Factors:
- Increasing demand for contact lenses from the emerging markets of Asia Pacific and Latin America.
- Rising awareness about the benefits of using contact lenses over spectacles.
- Proliferation of online retail channels that offer a wider choice of lens monomers at competitive prices.
- Growing demand for colored and specialty contact lenses from young consumers in developed markets such as North America and Europe .
Scope Of The Report
Report Attributes
Report Details
Report Title
Lens Monomer Market Research Report
By Type
Clear Lenses, Photochromic Lenses, Others
By Application
Glasses Stores, Ophthalmology Hospitals, Others
By Companies
Mitsubishi Gas Chemical, Mitsui Chemicals, KOC Solution, Tokuyama America, Polysciences, Mitsubishi Gas Chemical
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Lens Monomer Market Report Segments:
The global Lens Monomer market is segmented on the basis of:
Types
Clear Lenses, Photochromic Lenses, Others
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
Glasses Stores, Ophthalmology Hospitals, 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:
- Mitsubishi Gas Chemical
- Mitsui Chemicals
- KOC Solution
- Tokuyama America
- Polysciences
- Mitsubishi Gas Chemical
Highlights of The Lens Monomer 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:
- Clear Lenses
- Photochromic Lenses
- Others
- By Application:
- Glasses Stores
- Ophthalmology Hospitals
- 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 Lens Monomer 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Lens Monomer is a polymer that is used to make lenses.
Some of the major players in the lens monomer market are Mitsubishi Gas Chemical, Mitsui Chemicals, KOC Solution, Tokuyama America, Polysciences, Mitsubishi Gas Chemical.
The lens monomer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lens Monomer 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 Lens Monomer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lens Monomer 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 Lens Monomer 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 Lens Monomer Market Size & Forecast, 2018-2028
4.5.1 Lens Monomer Market Size and Y-o-Y Growth
4.5.2 Lens Monomer Market Absolute $ Opportunity
Chapter 5 Global Lens Monomer 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 Lens Monomer Market Size Forecast by Type
5.2.1 Clear Lenses
5.2.2 Photochromic Lenses
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lens Monomer 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 Lens Monomer Market Size Forecast by Applications
6.2.1 Glasses Stores
6.2.2 Ophthalmology Hospitals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lens Monomer 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 Lens Monomer 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 Lens Monomer Analysis and Forecast
9.1 Introduction
9.2 North America Lens Monomer 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 Lens Monomer Market Size Forecast by Type
9.6.1 Clear Lenses
9.6.2 Photochromic Lenses
9.6.3 Others
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 Lens Monomer Market Size Forecast by Applications
9.10.1 Glasses Stores
9.10.2 Ophthalmology Hospitals
9.10.3 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 Lens Monomer Analysis and Forecast
10.1 Introduction
10.2 Europe Lens Monomer 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 Lens Monomer Market Size Forecast by Type
10.6.1 Clear Lenses
10.6.2 Photochromic Lenses
10.6.3 Others
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 Lens Monomer Market Size Forecast by Applications
10.10.1 Glasses Stores
10.10.2 Ophthalmology Hospitals
10.10.3 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 Lens Monomer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lens Monomer 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 Lens Monomer Market Size Forecast by Type
11.6.1 Clear Lenses
11.6.2 Photochromic Lenses
11.6.3 Others
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 Lens Monomer Market Size Forecast by Applications
11.10.1 Glasses Stores
11.10.2 Ophthalmology Hospitals
11.10.3 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 Lens Monomer Analysis and Forecast
12.1 Introduction
12.2 Latin America Lens Monomer 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 Lens Monomer Market Size Forecast by Type
12.6.1 Clear Lenses
12.6.2 Photochromic Lenses
12.6.3 Others
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 Lens Monomer Market Size Forecast by Applications
12.10.1 Glasses Stores
12.10.2 Ophthalmology Hospitals
12.10.3 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) Lens Monomer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lens Monomer 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) Lens Monomer Market Size Forecast by Type
13.6.1 Clear Lenses
13.6.2 Photochromic Lenses
13.6.3 Others
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) Lens Monomer Market Size Forecast by Applications
13.10.1 Glasses Stores
13.10.2 Ophthalmology Hospitals
13.10.3 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 Lens Monomer Market: Competitive Dashboard
14.2 Global Lens Monomer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Gas Chemical
14.3.2 Mitsui Chemicals
14.3.3 KOC Solution
14.3.4 Tokuyama America
14.3.5 Polysciences
14.3.6 Mitsubishi Gas Chemical
