Global Optical Glass Market Growth 2023-2029

Global Optical Glass Market Growth 2023-2029

Optical glass is a specialty glass product which is designed for use in optical devices such as telescopes, binoculars, eyeglasses, and so forth. This glass is formulated very precisely so that its properties are known, and it must be handled with care to ensure that it is free of impurities and produced in the right conditions.

LPI (LP Information)' newest research report, the “Optical Glass Industry Forecast” looks at past sales and reviews total world Optical Glass sales in 2022, providing a comprehensive analysis by region and market sector of projected Optical Glass sales for 2023 through 2029. With Optical Glass sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Optical Glass industry.

This Insight Report provides a comprehensive analysis of the global Optical Glass landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Optical Glass portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Optical Glass market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Optical Glass and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Optical Glass.

The global Optical Glass market size is projected to grow from US$ 1750.2 million in 2022 to US$ 2580.9 million in 2029; it is expected to grow at a CAGR of 2580.9 from 2023 to 2029.

North America is the largest market with about 30% market share. Europe is follower, accounting for about 27% market share.

The key players are Schott Glaswerke AG, HOYA CORPORATION, CDGM Glass Company, Edmund Optics, Nikon Corporation, Crystran Ltd, Sumita Optical Glass, Sterling Precision Optics, CORNING, OAG Werk Optik, Precision Optical Inc., China South Industries Group Corporation, Hubei New Huaguang, Changchun Boxin Photoelectric Co. etc. Top 3 companies occupied about 21% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Optical Glass market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Colorless Optical Glass
Colored Optical Glass

Segmentation by application
Consumer Optics
Industrial Equipment
Medical & Biotech
Semiconductors
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Schott Glaswerke AG
HOYA CORPORATION
CDGM Glass Company
Edmund Optics
Nikon Corporation
Crystran Ltd
Sumita Optical Glass
Sterling Precision Optics
CORNING
OAG Werk Optik
Precision Optical Inc.
China South Industries Group Corporation
Hubei New Huaguang
Changchun Boxin Photoelectric Co.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Optical Glass market?

What factors are driving Optical Glass market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Optical Glass market opportunities vary by end market size?

How does Optical Glass break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.