Allied Market Research

2024

Optical Glass Market

Optical Glass Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (FLINT, CROWN), by RAW MATERIAL (BORIC OXIDE, ZINC OXIDE, POTASSIUM OXIDE, OTHERS) and by APPLICATION (CONSUMER OPTICS, ASTRONOMY, INDUSTRIAL EQUIPMENT, MEDICAL AND BIOTECH, ELECTRONICS AND SEMICONDUCTORS, OTHERS): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Eswara Prasad
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Optical glass is an amorphous solid material, which is transparent and used for practical, technological, and decorative usages. It is used as a thermal insulator, reinforcement material, container material for environmental protection, aesthetic, building supplies, and for optical device systems. Optical glass is majorly used in consumer optics, which allows more light to transmit through lenses or glasses with elimination of reflection, thereby improving the clarity in vision. Optical glass incorporated in electronic display units reduces surface reflection, improves display contrast & brightness without increased power consumption, and helps to minimize induced eye fatigue.

In addition, it enhances performance of semiconductors and ICs in variety of electronic components such as memory, power, microprocessors, hard disc drives, and others. It is employed in various other industries, which include medical & biotech, astronomy, industrial equipment, and others.

Rapid economic growth and rise in disposable income have led to increased adoption of consumer electronics such as smart phones, tablets, laptops, computers, TVs, TFT, and LED screens in emerging economies such as India, China, and Brazil, which boosts the demand for optical glass. According to the National Institution for Transforming India (NITI) Aayog, Government of India, the electronics equipment production of world in 2014 was approximately $2 trillion, which fueled the demand for optical glass in electronics & semiconductor sector. However, volatility in prices of raw materials hampers the market growth.

Optical glass finds applications in medical devices such as diagnostics & surgical tools and therapeutics, which is expected to provide potential growth opportunities for the market.

The global optical glass market is segmented on the basis of type, application, and geography. Based on type, the market is bifurcated into colorless and colored optical glasses. By supply form, it is divided into plate, round plate, worked rod, prisms, and others. Applications covered in the study include consumer optics, astronomy, industrial equipment, medical & biotech, electronics & semiconductors, and others. The report analyzes the market trends in different geographies, which include North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global optical glass market to elucidate the prevailing opportunities and potential investment pockets.
  • It offers qualitative trends and quantitative analysis for the period¬†to assist stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates the types of optical glass and its application.
  • Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
  • The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.

Optical Glass Market Report Highlights

Aspects Details
Optical Glass Market By RAW MATERIAL
By RAW MATERIAL
  • BORIC OXIDE
  • ZINC OXIDE
  • POTASSIUM OXIDE
  • OTHERS
Optical Glass Market By Type
By Type
  • FLINT
  • CROWN
Optical Glass Market By APPLICATION
By APPLICATION
  • CONSUMER OPTICS
  • ASTRONOMY
  • INDUSTRIAL EQUIPMENT
  • MEDICAL AND BIOTECH
  • ELECTRONICS AND SEMICONDUCTORS
  • OTHERS
Optical Glass Market By Region
By Region
  • NORTH AMERICA  (U.S, Canada, Mexico)
  • EUROPE  (Germany, France, UK, Italy, Rest of Europe)
  • ASIA-PACIFIC  (China, Japan, India, Australia, Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Edmund Optics, Crystran Ltd., OAG Werk Optik, Carl Zeiss, Ohara Corporation, Nikon Corporation, CDGM Glass Company, Sterling Precision Optics, Sumita Optical Glass, CORNING

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Optical Glass Market

Global Opportunity Analysis and Industry Forecast, 2023-2032