Market Overview:
The global photochromic lenses market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as an increase in the number of people with light sensitivity, rising demand for sunglasses and eyeglasses, and technological advancements. The global photochromic lenses market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into glass photochromic lenses, standard plastic (1.53 coat and uncoat) photochromic lenses, mid-index plastic (1.53 to 1.65) photochromic lenses, high-index plastic (above 1.65) photochromic lenses,, and polycarbonatephoto chromatic lenssegments .
Product Definition:
Photochromic lenses are eyeglasses or sunglasses that automatically darken upon exposure to sunlight. They are made of photochromic material, which is a chemical compound that changes color in the presence of light. The lenses usually become about 50% darker and can last up to several hours.
Glass:
Glass is a transparent material, which can be used in the manufacturing of photochromic lenses. These lenses are able to darken or lighten according to the amount of UV radiation that passes through them. The most commonly used type of glass for photochromic lenses is borosilicate glass because it's soft and has low thermal expansion property.
Standard Plastic (1.53 Coat and Uncoat):
The Standard Plastic (1.53 coat and Uncoat) is a type of plastic with the properties to change its optical properties by exposure or lack of UV light. The most common application of this product is in photochromic lenses, which can be used for changing the color from clear to dark brown or vice versa as per consumer requirements.
Application Insights:
The people with light sensitivity application segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The photochromic lenses are used by people who are sensitive to sunlight as they help in reducing exposure to harmful UV rays by changing color from clear/natural lens to dark tinted lens when exposed to sunlight, which protects eyes from damage.
The outdoor activities application segment is expected register significant growth over the forecast period owing to rising use of photochromic lenses among sportspersons and adventure enthusiasts for protection against sun rays and enhancing visibility in low light conditions. Adventurers require photochromic lenses that can protect their eyes from strong glare while skiing, hiking, biking or camping under sunny conditions without having any negative impact on vision clarity or color accuracy. Such factors are anticipated fuel product demand during the forecast period especially among young adults aged 18-30 years globally.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the high demand for photochromic lenses from U.S., which is one of the major consumers of photochromic products. The presence of a large number of Photochromics, Inc.
Asia Pacific is expected to be one of fastest growing regions with CAGR exceeding 7% during forecast period due to increasing awareness about new technologies among people.
Growth Factors:
- Increasing demand for sunglasses and prescription eyeglasses with photochromic lenses from the general population.
- Growing popularity of outdoor activities and sports, which in turn is driving the demand for photochromic lenses in sunglasses and prescription eyeglasses.
- Technological advancements that are making photochromic lenses more durable, scratch-resistant, and heat-resistant are aiding their growth prospects.
- Rising awareness about the benefits of using photochromic lenses among consumers is also propelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photochromic Lenses Market Research Report
By Type
Glass, Standard Plastic (1.53 Coat and Uncoat), Mid-Index Plastic (1.53 to 1.65), High-Index Plastic (Above 1.65), Polycarbonate
By Application
Children, Outdoor Activities, People with Light Sensitivity, Others
By Companies
Essilor (Transitions Optical), Carl Zeiss, Vision Ease, Corning, Hoya Vision, Rodenstoc, ...
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 Photochromic Lenses Market Report Segments:
The global Photochromic Lenses market is segmented on the basis of:
Types
Glass, Standard Plastic (1.53 Coat and Uncoat), Mid-Index Plastic (1.53 to 1.65), High-Index Plastic (Above 1.65), Polycarbonate
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, Outdoor Activities, People with Light Sensitivity, 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:
- Essilor (Transitions Optical)
- Carl Zeiss
- Vision Ease
- Corning
- Hoya Vision
- Rodenstoc
- ...
Highlights of The Photochromic Lenses 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:
- Glass
- Standard Plastic (1.53 Coat and Uncoat)
- Mid-Index Plastic (1.53 to 1.65)
- High-Index Plastic (Above 1.65)
- Polycarbonate
- By Application:
- Children
- Outdoor Activities
- People with Light Sensitivity
- 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 Photochromic Lenses 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 lenses are a type of lens that can change their color according to the light exposure. This allows them to adjust their visibility in different lighting conditions.
Some of the major companies in the photochromic lenses market are Essilor (Transitions Optical), Carl Zeiss, Vision Ease, Corning, Hoya Vision, Rodenstoc.
The photochromic lenses market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photochromic Lenses 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. Photochromic Lenses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photochromic Lenses Market - Supply Chain
4.5. Global Photochromic Lenses Market Forecast
4.5.1. Photochromic Lenses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photochromic Lenses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photochromic Lenses Market Absolute $ Opportunity
5. Global Photochromic Lenses 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. Photochromic Lenses Market Size and Volume Forecast by Type
5.3.1. Glass
5.3.2. Standard Plastic (1.53 Coat and Uncoat)
5.3.3. Mid-Index Plastic (1.53 to 1.65)
5.3.4. High-Index Plastic (Above 1.65)
5.3.5. Polycarbonate
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photochromic Lenses 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. Photochromic Lenses Market Size and Volume Forecast by Application
6.3.1. Children
6.3.2. Outdoor Activities
6.3.3. People with Light Sensitivity
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photochromic Lenses 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. Photochromic Lenses 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 Photochromic Lenses 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. Photochromic Lenses 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 Photochromic Lenses Demand Share Forecast, 2019-2029
9. North America Photochromic Lenses 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 Photochromic Lenses 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 Photochromic Lenses Market Size and Volume Forecast by Application
9.4.1. Children
9.4.2. Outdoor Activities
9.4.3. People with Light Sensitivity
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photochromic Lenses Market Size and Volume Forecast by Type
9.7.1. Glass
9.7.2. Standard Plastic (1.53 Coat and Uncoat)
9.7.3. Mid-Index Plastic (1.53 to 1.65)
9.7.4. High-Index Plastic (Above 1.65)
9.7.5. Polycarbonate
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 Photochromic Lenses Demand Share Forecast, 2019-2029
10. Latin America Photochromic Lenses 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 Photochromic Lenses 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 Photochromic Lenses Market Size and Volume Forecast by Application
10.4.1. Children
10.4.2. Outdoor Activities
10.4.3. People with Light Sensitivity
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photochromic Lenses Market Size and Volume Forecast by Type
10.7.1. Glass
10.7.2. Standard Plastic (1.53 Coat and Uncoat)
10.7.3. Mid-Index Plastic (1.53 to 1.65)
10.7.4. High-Index Plastic (Above 1.65)
10.7.5. Polycarbonate
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 Photochromic Lenses Demand Share Forecast, 2019-2029
11. Europe Photochromic Lenses 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 Photochromic Lenses 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 Photochromic Lenses Market Size and Volume Forecast by Application
11.4.1. Children
11.4.2. Outdoor Activities
11.4.3. People with Light Sensitivity
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photochromic Lenses Market Size and Volume Forecast by Type
11.7.1. Glass
11.7.2. Standard Plastic (1.53 Coat and Uncoat)
11.7.3. Mid-Index Plastic (1.53 to 1.65)
11.7.4. High-Index Plastic (Above 1.65)
11.7.5. Polycarbonate
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 Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photochromic Lenses Demand Share, 2019-2029
12. Asia Pacific Photochromic Lenses 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 Photochromic Lenses 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 Photochromic Lenses Market Size and Volume Forecast by Application
12.4.1. Children
12.4.2. Outdoor Activities
12.4.3. People with Light Sensitivity
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photochromic Lenses Market Size and Volume Forecast by Type
12.7.1. Glass
12.7.2. Standard Plastic (1.53 Coat and Uncoat)
12.7.3. Mid-Index Plastic (1.53 to 1.65)
12.7.4. High-Index Plastic (Above 1.65)
12.7.5. Polycarbonate
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 Photochromic Lenses Demand Share, 2019-2029
13. Middle East & Africa Photochromic Lenses 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 Photochromic Lenses 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 Photochromic Lenses Market Size and Volume Forecast by Application
13.4.1. Children
13.4.2. Outdoor Activities
13.4.3. People with Light Sensitivity
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photochromic Lenses Market Size and Volume Forecast by Type
13.7.1. Glass
13.7.2. Standard Plastic (1.53 Coat and Uncoat)
13.7.3. Mid-Index Plastic (1.53 to 1.65)
13.7.4. High-Index Plastic (Above 1.65)
13.7.5. Polycarbonate
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 Photochromic Lenses Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Photochromic Lenses Market: Market Share Analysis
14.2. Photochromic Lenses Distributors and Customers
14.3. Photochromic Lenses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Essilor (Transitions Optical)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Carl Zeiss
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vision Ease
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Corning
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hoya Vision
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rodenstoc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ...
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
