Optical Glass Market By Raw Material (Boric Oxide, Zinc Oxide, Potassium Oxide, Others), By Type (Flint, Crown, Others), By Application (Consumer Optics, Industrial Equipment, Medical and Biotech, Semiconductors, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global optical glass market is anticipated to reach $2,003.5 million by 2032, growing from $1,194.3 million in 2022 at a CAGR of 5.7% from 2023 to 2032.
Optical glass is recognized for its excessive transmission, low dispersion, and homogenous refraction indices. These properties result from the continuous melting method and subsequent finishing techniques used to create optical glass. Optical glass is categorized into flint glass and crown glass. Flint glass has an Abbe number< 55 and usually< 50. Flint glass is denser due to the inclusion of a variety of metallic oxides and well-known shows sturdy chromatic dispersion. Crown glass has an Abbe number> 50 and generally > 55. Crown glass is usually much less dense resulting from higher utilization of alkali metals and famous low chromatic dispersion.
The expanding digital industry significantly drives the optical glass market growth due to the growing demand for optical components in a number digital devices. The digital industry drives the demand for digital camera lenses used in smartphones, digital cameras, security cameras, and different imaging devices. Optical glass is crucial for manufacturing these lenses, as it provides the clarity, sharpness, and optical properties required for shooting high-resolution snap shots and videos. The digital industry depends on optical glass for screens and monitors in devices such as smartphones, tablets, laptops, TVs, and monitors. Specialty glass with precise optical coatings and properties is used to enhance display performance, together with brightness, color accuracy, and viewing angles. Optical sensors are essential elements in electronic units for detecting light, colors, proximity, motion, and different environmental factors. Optical glass is used in the manufacture of optical sensor components such as lenses, filters, and windows, enabling accurate sensing and size capabilities.
Optical glass manufacturing requires particular raw materials with specific chemical compositions to achieve favored optical properties. Limited availability or fluctuations in the supply of these raw substances can constrain manufacturing and lead to supply chain disruptions, affecting the availability and cost of optical glass products. In addition, the manufacturing method of optical glass entails precision machining, polishing, and coating, which require state-of-the-art equipment and skilled labor. High manufacturing charges can make optical glass products expensive, limiting their adoption in cost-sensitive applications and markets.
Emerging applications such as virtual reality (VR) and augmented reality (AR) indeed present significant opportunities for the optical glass market players. VR and AR devices require high-quality optical components, including lenses, mirrors, waveguides, and displays, to create immersive visual experiences for users. Optical glass materials with specific optical properties, such as high transparency, low dispersion, and precise surface quality, are essential for manufacturing these components and ensuring optimal performance in VR and AR systems. VR and AR headsets utilize complex optical systems consisting of multiple lenses and displays to simulate immersive environments and overlay digital information on the user's real-world view. Optical glass is used in the production of these lenses to achieve the desired field of view, depth perception, and image clarity, driving demand for specialty glass materials in the manufacturing of VR and AR devices.
The key players profiled in this report include Schott, Hoya, Ohara Corporation, Edmund Optics, Crystran Ltd., Sterling Precision Optics, Sumita Optical Glass, CDGM Glass Company, Nikon Corporation, and Carl Zeiss. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the optical glass market analysis from 2022 to 2032 to identify the prevailing optical glass market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the optical glass market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global optical glass market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Consumer Optics
Medical and Biotech
Semiconductors
Others
Industrial Equipment
By Raw Material
Potassium Oxide
Others
Boric Oxide
Zinc Oxide
By Type
Flint
Crown
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Schott
HOYA
CARL Zeiss
Nikon Corporation
CDGM Glass Company
CORNING
Sumita Optical Glass
Crystran Ltd.
Edmund Optics
OAG Werk Optik
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- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Average Selling Price
- 3.6. Market Share Analysis
- 3.7. Brand Share Analysis
- 3.8. Trade Data Analysis
- 3.9. Product Consumption
- 3.10. Value Chain Analysis
- 3.11. Regulatory Guidelines
- 3.12. Key Regulation Analysis
- 3.13. Reimbursement Scenario
- 3.14. Patent Landscape
- CHAPTER 4: OPTICAL GLASS MARKET, BY RAW MATERIAL
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Boric Oxide
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Zinc Oxide
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Potassium Oxide
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- CHAPTER 5: OPTICAL GLASS MARKET, BY TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Flint
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Crown
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- CHAPTER 6: OPTICAL GLASS MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Consumer Optics
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Industrial Equipment
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Medical and Biotech
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Semiconductors
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- CHAPTER 7: OPTICAL GLASS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Raw Material
- 7.2.3. Market size and forecast, by Type
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Raw Material
- 7.2.5.1.2. Market size and forecast, by Type
- 7.2.5.1.3. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Raw Material
- 7.2.5.2.2. Market size and forecast, by Type
- 7.2.5.2.3. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Raw Material
- 7.2.5.3.2. Market size and forecast, by Type
- 7.2.5.3.3. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Raw Material
- 7.3.3. Market size and forecast, by Type
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Raw Material
- 7.3.5.1.2. Market size and forecast, by Type
- 7.3.5.1.3. Market size and forecast, by Application
- 7.3.5.2. UK
- 7.3.5.2.1. Market size and forecast, by Raw Material
- 7.3.5.2.2. Market size and forecast, by Type
- 7.3.5.2.3. Market size and forecast, by Application
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Raw Material
- 7.3.5.3.2. Market size and forecast, by Type
- 7.3.5.3.3. Market size and forecast, by Application
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Raw Material
- 7.3.5.4.2. Market size and forecast, by Type
- 7.3.5.4.3. Market size and forecast, by Application
- 7.3.5.5. Italy
- 7.3.5.5.1. Market size and forecast, by Raw Material
- 7.3.5.5.2. Market size and forecast, by Type
- 7.3.5.5.3. Market size and forecast, by Application
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Raw Material
- 7.3.5.6.2. Market size and forecast, by Type
- 7.3.5.6.3. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Raw Material
- 7.4.3. Market size and forecast, by Type
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Raw Material
- 7.4.5.1.2. Market size and forecast, by Type
- 7.4.5.1.3. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Raw Material
- 7.4.5.2.2. Market size and forecast, by Type
- 7.4.5.2.3. Market size and forecast, by Application
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Raw Material
- 7.4.5.3.2. Market size and forecast, by Type
- 7.4.5.3.3. Market size and forecast, by Application
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Raw Material
- 7.4.5.4.2. Market size and forecast, by Type
- 7.4.5.4.3. Market size and forecast, by Application
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Raw Material
- 7.4.5.5.2. Market size and forecast, by Type
- 7.4.5.5.3. Market size and forecast, by Application
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Raw Material
- 7.4.5.6.2. Market size and forecast, by Type
- 7.4.5.6.3. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Raw Material
- 7.5.3. Market size and forecast, by Type
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Raw Material
- 7.5.5.1.2. Market size and forecast, by Type
- 7.5.5.1.3. Market size and forecast, by Application
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Market size and forecast, by Raw Material
- 7.5.5.2.2. Market size and forecast, by Type
- 7.5.5.2.3. Market size and forecast, by Application
- 7.5.5.3. UAE
- 7.5.5.3.1. Market size and forecast, by Raw Material
- 7.5.5.3.2. Market size and forecast, by Type
- 7.5.5.3.3. Market size and forecast, by Application
- 7.5.5.4. South Africa
- 7.5.5.4.1. Market size and forecast, by Raw Material
- 7.5.5.4.2. Market size and forecast, by Type
- 7.5.5.4.3. Market size and forecast, by Application
- 7.5.5.5. Rest of LAMEA
- 7.5.5.5.1. Market size and forecast, by Raw Material
- 7.5.5.5.2. Market size and forecast, by Type
- 7.5.5.5.3. Market size and forecast, by Application
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
- CHAPTER 9: COMPANY PROFILES
- 9.1. Schott
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. HOYA
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. CARL Zeiss
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Nikon Corporation
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. CDGM Glass Company
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. CORNING
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Sumita Optical Glass
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Crystran Ltd.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Edmund Optics
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. OAG Werk Optik
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments
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