Report Code: A03297 | Pages: NA | Mar 2023 | 5826 Views | ||
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Request Now !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
Optical Glass Market Report Highlights
Aspects | Details |
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By RAW MATERIAL |
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By TYPE |
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By APPLICATION |
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By REGION |
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Key Market Players | Ohara Corporation, Carl Zeiss, CDGM Glass Company, Edmund Optics, Nikon Corporation, Crystran Ltd., Sumita Optical Glass, Sterling Precision Optics, CORNING, OAG Werk Optik |
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