Global Optical Glass Market Growth 2023-2029

Global Optical Glass Market Growth 2023-2029

Product Code:449148

Published Date: Feb 08,2023

Pages: 106

Region: Global

Category: Chemical & Material

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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?