Market Overview:
The global photochromic glasses market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for sunglasses and corrective lenses among children, adults, and people with light sensitivity. In addition, the growing awareness about the benefits of photochromic glasses is also propelling the growth of this market. Based on type, the global photochromic glasses market can be segmented into substrate siscoloration glasses and film-changing glasses. The substrate siscoloration glass segment dominated the global photochromic glass market in 2017 and is projected to maintain its dominance during the forecast period. This segment is expected to grow at a CAGR of 6.8% from 2018 to 2030 due to its high optical quality and durability as compared with other types of photochromatic lenses available in the market.
Product Definition:
Photochromic glasses are eyeglasses that darken in bright sunlight and lighten in darker environments. They are made with a photochromic lens, which is a type of glass that reacts to UV radiation by changing color. This makes them useful for both indoor and outdoor activities, as they will automatically adjust to the surrounding light levels. Photochromic glasses are important for two reasons: first, they protect your eyes from the sun's harmful UV rays; and second, they reduce the need for sunglasses and other eyewear in different lighting conditions.
Substrate Siscoloration Glasses:
Substrate siscoloration glasses are colored glasses that can be applied to any smooth surface. They change color when exposed to UV light and protect the surface from harmful rays. The product is majorly used in photochromic glass products such as passenger cars, motorcycle helmets, sun visors, etc., which have applications in the automotive industry.
Film-Changing Glasses:
Film-Changing Glasses are used in Photochromic Glasses to alter the color of light that is entering through the bottom of the glasses. The photochromic feature allows these glasses to darken or lighten their appearance as per requirement. These types of glasses find application in offices, restaurants, and other commercial places where it is required to change the lighting according to a certain schedule.
Application Insights:
The photochromic glasses market is segmented based on application into children, adults and people with light sensitivity. The people with light sensitivity application segment held the largest share of over 30% in 2017. This is due to the growing awareness about these products among individuals suffering from Seasonal Affective Disorder (SAD). SAD is a type of depression prevalent during winters in regions, where there are low sunlight hours. These types of glasses help in reducing symptoms of depression by increasing exposure to sunlight.
The use of these products has increased significantly among individuals above 50 years since they can wear them all year round without changing their lenses or having any impact on vision correction as seen before wearing them for a while.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S., being a developed economy, is expected to witness high product adoption owing to its well-established healthcare sector and availability of advanced products at relatively lower prices as compared to developing economies in Asia Pacific region.
The market for photochromic glasses in Asia Pacific is anticipated to grow at a significant rate during the forecast period due to increasing disposable income coupled with growing awareness regarding health and safety among consumers especially children thereby driving demand from application segments such as automotive glazing industry and building & construction materials sector.
Growth Factors:
- Increasing demand for sunglasses and prescription glasses
- Growing awareness about the benefits of photochromic lenses
- Rising popularity of outdoor activities and sports
- Technological advancements in photochromic lens manufacturing process
- Growing number of optometrists recommending photochromic lenses to their patients
Scope Of The Report
Report Attributes
Report Details
Report Title
Photochromic Glasses Market Research Report
By Type
Substrate Siscoloration Glasses, Film-Changing Glasses
By Application
Children, Adults, People with Light Sensitivity
By Companies
Essilor (Transitions Optical), Carl Zeiss, Vision Ease, Rodenstoc, Corning, Hoya Vision
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Photochromic Glasses Market Report Segments:
The global Photochromic Glasses market is segmented on the basis of:
Types
Substrate Siscoloration Glasses, Film-Changing Glasses
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
Children, Adults, People with Light Sensitivity
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:
- Essilor (Transitions Optical)
- Carl Zeiss
- Vision Ease
- Rodenstoc
- Corning
- Hoya Vision
Highlights of The Photochromic Glasses 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:
- Substrate Siscoloration Glasses
- Film-Changing Glasses
- By Application:
- Children
- Adults
- People with Light Sensitivity
- 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 Photochromic Glasses 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?
Photochromic glasses are sunglasses that change color with the light. They are often used to protect your eyes from the sun's harmful rays.
Some of the major players in the photochromic glasses market are Essilor (Transitions Optical), Carl Zeiss, Vision Ease, Rodenstoc, Corning, Hoya Vision.
The photochromic glasses market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photochromic Glasses 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 Photochromic Glasses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photochromic Glasses 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 Photochromic Glasses 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 Photochromic Glasses Market Size & Forecast, 2020-2028
4.5.1 Photochromic Glasses Market Size and Y-o-Y Growth
4.5.2 Photochromic Glasses Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Substrate Siscoloration Glasses
5.2.2 Film-Changing Glasses
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Children
6.2.2 Adults
6.2.3 People with Light Sensitivity
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photochromic Glasses 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 Photochromic Glasses 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Substrate Siscoloration Glasses
9.6.2 Film-Changing Glasses
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 Market Size Forecast by Applications
9.10.1 Children
9.10.2 Adults
9.10.3 People with Light Sensitivity
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Substrate Siscoloration Glasses
10.6.2 Film-Changing Glasses
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 Market Size Forecast by Applications
10.10.1 Children
10.10.2 Adults
10.10.3 People with Light Sensitivity
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Substrate Siscoloration Glasses
11.6.2 Film-Changing Glasses
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 Market Size Forecast by Applications
11.10.1 Children
11.10.2 Adults
11.10.3 People with Light Sensitivity
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Substrate Siscoloration Glasses
12.6.2 Film-Changing Glasses
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 Market Size Forecast by Applications
12.10.1 Children
12.10.2 Adults
12.10.3 People with Light Sensitivity
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Substrate Siscoloration Glasses
13.6.2 Film-Changing Glasses
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) Market Size Forecast by Applications
13.10.1 Children
13.10.2 Adults
13.10.3 People with Light Sensitivity
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 Photochromic Glasses Market: Competitive Dashboard
14.2 Global Photochromic Glasses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Essilor (Transitions Optical)
14.3.2 Carl Zeiss
14.3.3 Vision Ease
14.3.4 Rodenstoc
14.3.5 Corning
14.3.6 Hoya Vision
