Market Overview:
The global polymer material for lens 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 eyeglasses and sunglasses, owing to the growing population and rising awareness about eye health. In addition, technological advancements in lens manufacturing are also contributing to the growth of this market. The global polymer material for lens market is segmented on the basis of type, application, and region. On the basis of type, it is divided into CR-39, polycarbonate (PC), cyclo olefin copolymer (COC), poly(methyl methacrylate) (PMMA), acrylics, and polystyrene. Polycarbonate lenses are most commonly used in eyeglasses as they offer high impact resistance; however, they are also expensive than other types of lenses available in the market. PMMA lenses are transparent and scratch-resistant; hence they are used in corrective glasses as well as sunglasses.
Product Definition:
A polymer is a large molecule composed of many repeated subunits. The term "polymer" is derived from the Greek word poly, meaning "many," and meros, meaning "parts." Polymers are very important in industry, and can be found in everything from plastics and synthetic fibers to adhesives and explosives.
CR-39:
CR-39 is a type of polymer used in the lens industry. It is also known as Polyvinyl Chloride or PVC and it's major application includes manufacturing of dental and medical lenses. PVC has several advantages over other materials such as glass, nylon, polyethylene terephthalate (PET), polypropylene (PP), etc., which makes it suitable for use in manufacturing of plastic lenses.
Polycarbonate (PC):
Polycarbonate is a thermoplastic polymer with high heat and impact resistance, excellent chemical stability, and good optical properties. PC is used in the production of Polymer Material for lens which has application in frame materials of eyeglasses & sunglasses. It also finds use as an alternative to glass lenses in some cases such as when looking through Polaroid or photochromic lenses.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. Other applications include LED, LCD, smartphone lens, microscope slide cover glass and magnifying glass. Camera lens is expected to be one of the fastest growing segments owing to increasing demand for high quality lenses in smartphones.
Camera manufacturers including Nikon Corporation; Pentax Corporation; SONY Corporation; Olympus Corporation; Panasonic Corporation; Kodak Company, among others are continuously developing new products with advanced features such as ZEISS T* Coating for image stabilization and Super EBC (Extra-low Blue Light) Technology that reduces eye strain when using a digital device late into the night or early morning hours. These factors are expected to drive product demand in this application segment over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid urbanization, increasing population, and rising disposable income in emerging economies such as China and India. The region is witnessing an increased demand for polymer materials for various applications including camera lens, automobile & transportation glass, electronic component lenses etc.
The major countries contributing towards the growth of APAC are China (camera lens), Japan (PMMA), South Korea (PC) and India (acrylic). North America market was valued at USD X million in 2017 owing to high demand from end-use industries such as electronics manufacturing & processing; automotive; medical devices; construction material etc. In addition North America has one of the highest per capita incomes which enables people there to choose from a wider range of products than other regions’ thus making it more competitive globally.
Growth Factors:
- Increasing demand for polymer material in the lens market from end-use industries, such as automotive and medical, due to its properties, such as lightweight and optical clarity.
- Growing demand for polymer material in the lens market from emerging economies due to rising disposable income and changing lifestyle of consumers.
- Technological advancements in the production of polymer materials that offer better performance characteristics compared to traditional materials used in lenses manufacturing process.
- Rising awareness about the benefits of using polymers over other traditional materials for manufacturing lenses among consumers across different regions worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Polymer Material for Lens Market Research Report
By Type
CR-39, Polycarbonate (PC), Cyclo Olefin Copolymer (COC), Poly(Methyl Methacrylate) (PMMA, Acrylic), Polystyrene
By Application
Glasses, Camera Lens, Others
By Companies
Mitsubishi Gas Chemical, PPG, Mitsui Chemicals, Polysciences, Bimax
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Polymer Material for Lens Market Report Segments:
The global Polymer Material for Lens market is segmented on the basis of:
Types
CR-39, Polycarbonate (PC), Cyclo Olefin Copolymer (COC), Poly(Methyl Methacrylate) (PMMA, Acrylic), Polystyrene
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, Camera Lens, 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
- PPG
- Mitsui Chemicals
- Polysciences
- Bimax
Highlights of The Polymer Material for Lens 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:
- CR-39
- Polycarbonate (PC)
- Cyclo Olefin Copolymer (COC)
- Poly(Methyl Methacrylate) (PMMA, Acrylic)
- Polystyrene
- By Application:
- Glasses
- Camera Lens
- 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 Polymer Material for Lens 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?
Polymer material is used in lens to reduce weight and improve durability.
Some of the major companies in the polymer material for lens market are Mitsubishi Gas Chemical, PPG, Mitsui Chemicals, Polysciences, Bimax.
The polymer material for lens 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 Polymer Material for Lens 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 Polymer Material for Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polymer Material for Lens 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 Polymer Material for Lens 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 Polymer Material for Lens Market Size & Forecast, 2020-2028
4.5.1 Polymer Material for Lens Market Size and Y-o-Y Growth
4.5.2 Polymer Material for Lens 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 CR-39
5.2.2 Polycarbonate (PC)
5.2.3 Cyclo Olefin Copolymer (COC)
5.2.4 Poly(Methyl Methacrylate) (PMMA
5.2.5 Acrylic)
5.2.6 Polystyrene
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 Glasses
6.2.2 Camera Lens
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polymer Material for Lens 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 Polymer Material for Lens 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 CR-39
9.6.2 Polycarbonate (PC)
9.6.3 Cyclo Olefin Copolymer (COC)
9.6.4 Poly(Methyl Methacrylate) (PMMA
9.6.5 Acrylic)
9.6.6 Polystyrene
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 Glasses
9.10.2 Camera Lens
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 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 CR-39
10.6.2 Polycarbonate (PC)
10.6.3 Cyclo Olefin Copolymer (COC)
10.6.4 Poly(Methyl Methacrylate) (PMMA
10.6.5 Acrylic)
10.6.6 Polystyrene
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 Glasses
10.10.2 Camera Lens
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 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 CR-39
11.6.2 Polycarbonate (PC)
11.6.3 Cyclo Olefin Copolymer (COC)
11.6.4 Poly(Methyl Methacrylate) (PMMA
11.6.5 Acrylic)
11.6.6 Polystyrene
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 Glasses
11.10.2 Camera Lens
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 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 CR-39
12.6.2 Polycarbonate (PC)
12.6.3 Cyclo Olefin Copolymer (COC)
12.6.4 Poly(Methyl Methacrylate) (PMMA
12.6.5 Acrylic)
12.6.6 Polystyrene
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 Glasses
12.10.2 Camera Lens
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) 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 CR-39
13.6.2 Polycarbonate (PC)
13.6.3 Cyclo Olefin Copolymer (COC)
13.6.4 Poly(Methyl Methacrylate) (PMMA
13.6.5 Acrylic)
13.6.6 Polystyrene
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 Glasses
13.10.2 Camera Lens
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 Polymer Material for Lens Market: Competitive Dashboard
14.2 Global Polymer Material for Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Gas Chemical
14.3.2 PPG
14.3.3 Mitsui Chemicals
14.3.4 Polysciences
14.3.5 Bimax
