Market Overview:
The global optical glass market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for consumer optics, industrial equipment, medical & biotech and semiconductors applications. In terms of type, the colorless segment is expected to dominate the global optical glass market during the forecast period. However, colored optical glass is also witnessing high demand due to its unique properties that are not found in colorless glasses. By application, consumer optics is projected to be one of the fastest-growing segments during the forecast period owing to rising demand for smart glasses and augmented reality (AR) devices from consumers across different regions.
Product Definition:
Optical glass is a type of glass that has been specifically designed for use in optical devices such as lenses and prisms. It has a very low dispersion, meaning that it causes light to travel through it in a more uniform way, which results in less distortion. This makes optical glass ideal for use in precision optical instruments.
Colorless:
The global colorless, it's usage and growth factor in optical glass market size was valued at USD 1.5 billion in 2015. The industry is expected to witness significant growth over the forecast period owing to its rising demand for manufacturing optical fibers, cables & wires and other related products.
Increasing adoption of fiber-to-the-home (FTTH) technology by telecommunication service providers such as Verizon Communications Inc., China Telecom Ltd., Nippon Telegraph & Tel Co.
Colored:
Colored glass is a type of optical glass that has been colored by adding metallic salts, mainly ferric chloride and cobalt phosphate. These additives enhance the refractive index and make the glass suitable for use in applications where high transmission is required. Colored glasses are used in numerous end-use industries such as electronics, photonics, optoelectronics, telecommunications etc.
Application Insights:
The other applications include consumer optics, industrial equipment, medical and biotech, semiconductors and others. The demand for glass in the aforementioned applications is projected to witness a CAGR of XX% from 2018 to 2030 owing to its properties such as high chemical resistance, low thermal expansion coefficient along with excellent optical clarity and color consistency which make it suitable for use in spectacles, windows for trains/planes etc.
The demand for glass in the consumer optics segment accounted for a volume share of 28.1% by application in 2017 on account of its usage as substrates or lenses material in various products such as smartphones/tablets computer displays & monitors which are widely used across all age groups thus augmenting product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to growing demand for high-quality optical glass from key application sectors such as consumer electronics, automotive, and others in North America.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising product demand from end-use industries such as optoelectronics, automotive & transportation, and others. In addition, increasing R&D activities by various organizations based out of China are likely to drive product consumption across this region during the projected time frame. ‰˜˜˜˜™'‰™'€€€€'œ¦â–¹â–¬â€°©2017 Hg Glass LLC dba Optical Expressions All Rights Reservedw w w .
Growth Factors:
- Increasing demand for optical glass in the automotive and aerospace industries due to its high transmission rate and low weight.
- Growing demand for smart glasses and augmented reality (AR) devices, which use optical glass as a key component.
- Rising investment in research and development by optical glass manufacturers to develop new products and applications.
- Increasing use of optical glass in medical devices such as endoscopes, microscopes, and ophthalmic instruments due to its superior clarity and resistance to scratches.
- Growing popularity of fiber-optic communication systems, which require high-quality optical glass components for transmitting data over long distances
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Glass Market Research Report
By Type
Colorless, Colored
By Application
Consumer Optics, Industrial Equipment, Medical & Biotech, Semiconductors, Others
By Companies
Schott Glaswerke AG, Ohara Corporation, HOYA CORPORATION, CDGM Glass Company, Edmund Optics, Nikon Corporation, Crystran Ltd, Sumita Optical Glass, Sterling Precision Optics, CORNING, OAG Werk Optik, Scitec Instruments, Precision Optical Inc., 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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Optical Glass Market Report Segments:
The global Optical Glass market is segmented on the basis of:
Types
Colorless, Colored
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
- Ohara Corporation
- HOYA CORPORATION
- CDGM Glass Company
- Edmund Optics
- Nikon Corporation
- Crystran Ltd
- Sumita Optical Glass
- Sterling Precision Optics
- CORNING
- OAG Werk Optik
- Scitec Instruments
- Precision Optical Inc.
- China South Industries Group Corporation
- Hubei New Huaguang
- Changchun Boxin Photoelectric Co.
Highlights of The 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:
- Colorless
- Colored
- 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 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
- 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?
Optical glass is a type of material that is used to create optical devices, such as lenses and mirrors. Optical glass is made up of many small, thin pieces of glass that are carefully arranged so that they form a smooth surface. This surface allows light to pass through the material easily, which makes optical glass an important component in many types of optical devices.
Some of the major companies in the optical glass market are Schott Glaswerke AG, Ohara Corporation, HOYA CORPORATION, CDGM Glass Company, Edmund Optics, Nikon Corporation, Crystran Ltd, Sumita Optical Glass, Sterling Precision Optics, CORNING, OAG Werk Optik, Scitec Instruments, Precision Optical Inc., China South Industries Group Corporation, Hubei New Huaguang, Changchun Boxin Photoelectric Co..
The optical glass market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optical Glass Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Optical Glass Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Optical Glass Market - Supply Chain
4.5. Global Optical Glass Market Forecast
4.5.1. Optical Glass Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Optical Glass Market Size (000 Units) and Y-o-Y Growth
4.5.3. Optical Glass Market Absolute $ Opportunity
5. Global Optical Glass Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Optical Glass Market Size and Volume Forecast by Type
5.3.1. Colorless
5.3.2. Colored
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Optical Glass Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Optical Glass Market Size and Volume Forecast by Application
6.3.1. Consumer Optics
6.3.2. Industrial Equipment
6.3.3. Medical & Biotech
6.3.4. Semiconductors
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Optical Glass Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Optical Glass Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Optical Glass Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Optical Glass Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Optical Glass Demand Share Forecast, 2019-2026
9. North America Optical Glass Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Optical Glass Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Optical Glass Market Size and Volume Forecast by Application
9.4.1. Consumer Optics
9.4.2. Industrial Equipment
9.4.3. Medical & Biotech
9.4.4. Semiconductors
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Optical Glass Market Size and Volume Forecast by Type
9.7.1. Colorless
9.7.2. Colored
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Optical Glass Demand Share Forecast, 2019-2026
10. Latin America Optical Glass Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Optical Glass Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Optical Glass Market Size and Volume Forecast by Application
10.4.1. Consumer Optics
10.4.2. Industrial Equipment
10.4.3. Medical & Biotech
10.4.4. Semiconductors
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Optical Glass Market Size and Volume Forecast by Type
10.7.1. Colorless
10.7.2. Colored
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Optical Glass Demand Share Forecast, 2019-2026
11. Europe Optical Glass Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Optical Glass Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Optical Glass Market Size and Volume Forecast by Application
11.4.1. Consumer Optics
11.4.2. Industrial Equipment
11.4.3. Medical & Biotech
11.4.4. Semiconductors
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Optical Glass Market Size and Volume Forecast by Type
11.7.1. Colorless
11.7.2. Colored
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Contry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Optical Glass Demand Share, 2019-2026
12. Asia Pacific Optical Glass Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Optical Glass Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Optical Glass Market Size and Volume Forecast by Application
12.4.1. Consumer Optics
12.4.2. Industrial Equipment
12.4.3. Medical & Biotech
12.4.4. Semiconductors
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Optical Glass Market Size and Volume Forecast by Type
12.7.1. Colorless
12.7.2. Colored
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Optical Glass Demand Share, 2019-2026
13. Middle East & Africa Optical Glass Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Optical Glass Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Optical Glass Market Size and Volume Forecast by Application
13.4.1. Consumer Optics
13.4.2. Industrial Equipment
13.4.3. Medical & Biotech
13.4.4. Semiconductors
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Optical Glass Market Size and Volume Forecast by Type
13.7.1. Colorless
13.7.2. Colored
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Optical Glass Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Optical Glass Market: Market Share Analysis
14.2. Optical Glass Distributors and Customers
14.3. Optical Glass Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schott Glaswerke AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ohara Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HOYA CORPORATION
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CDGM Glass Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Edmund Optics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nikon Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Crystran Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sumita Optical Glass
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sterling Precision Optics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CORNING
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. OAG Werk Optik
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Scitec Instruments
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Precision Optical Inc.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. China South Industries Group Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hubei New Huaguang
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Changchun Boxin Photoelectric Co.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
