Optical Glass Market Report 2023 (Global Edition)

Global Optical Glass Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Optical Glass Industry growth. Optical Glass market has been segmented with the help of its Type, Application Raw Material, and others. Optical Glass market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Optical Glass Market: Type Segment Analysis

Colorless

The Colorless Revenue in Optical Glass market is estimated to reach USD 1,489.56 Million by 2028.

Colorless optical glass is mainly BK-7, B270, and other colorless optical glass materials. Colorless optical glass has excellent mechanical properties and very low air bubbles and impurities. It is a good scratch-resistant optical glass. This optical glass is used in consumer optics, industrial equipment, medical, biotech, and in semiconductor industries.

Colored

Colored optical glass is mostly used as a filter. They enable some wavelengths of light to flow through unhindered while restricting others to a certain amount. The colored optical glass's absorption and transmission capabilities are used in employing thin film coatings to accomplish filtering effects.

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Application Segment Analysis of Optical Glass Market:

Medical Devices

The Medical Devices Revenue in Optical Glass market is anticipated to reach USD 925.84 Million by 2028.

Optical glass components integrated into medical equipment frequently have stringent design and construction requirements to guarantee they perform properly. With the development of optical fibers and laser light sources, many of the optical medical equipment in use today were invented. It is found in analytical and medical equipment lenses. Similarly, corrective optical glasses are conclusively one of the most extensively used medical equipment. Cameras and other imaging detectors are another important part of today's medical devices that employ optical glasses for diagnostic systems anytime viewing, collecting, or storing pictures is necessary.

Consumer Electronics

Optical glasses are used in a variety of consumer electronics applications. It is a thin film that is utilized in a display of electronics. These optical glasses help to increase dimensional stability throughout the display creation process, reducing the amount of volume relaxation. Usually, miniature optics are utilized in a variety of applications, including webcams, mobile phones, automotive components, endoscopes, tablets, and a variety of other linked devices.

Telescope

A telescope mirror may be built from less pure glass than that used to build a lens because light does not flow through a telescope mirror. A telescope is made up of an optical system (lenses and/or mirrors) and hardware components that keep the optical system together. Optical glass is used to make optical lenses or mirrors. These lenses or mirrors are used to capture and concentrate light mostly from the visible portion of the electromagnetic spectrum, to magnify an image for direct visual inspection, to take a photograph, or to collect data using electronic image sensors.

Industrial Equipment

Optical glass, in the shape of lenses, prisms, and plates, has radically altered the manufacturing of industrial equipment. It is widely used in image-forming equipment. Its mechanical and electrical qualities also make it excellent for industrial applications, since it is capable of producing material and fabricating it into an optical component at a reasonable cost. Lighting, medical, optical, photographic, and industrial laser equipment all employ optical glass.

Laser Systems

Optical glass is an appropriate material for laser systems because the production process is totally scalable. Reflective substrates that are resistant to heat effects are required for high-energy laser applications, which can be done using optical glass. Protective coatings are used in industrial and military laser systems to offer durable surfaces for high-energy reflection or transmission. For this purpose, optical glass coating is becoming increasingly popular.

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Optical Glass Raw Material Segment Analysis

Boric Oxide

The Boric Oxide Revenue in Optical Glass market is projected to reach USD 905.26 Million by 2028

Boron trioxide (B2O3) is a chemical compound that may be combined with silica to make borosilicate glass (often with some other additions like sodium oxide and aluminium oxide). The BK7 glass, for example, is a crown glass of such sort. Boric oxide (B2O3), introduced as borates, is crucial in optical glass manufacturing because it provides qualities that would be technically impossible or prohibitively costly to accomplish otherwise. It is utilised as a flux in optical glass manufacturing to lower processing temperatures in instances where alkali addition is restricted.

Potassium Oxide

Crown glass is a form of optical glass used in lenses that is made from alkali-lime silicates with a potassium oxide content of around 10%. Instead of sodium oxide, certain optical glasses include a high concentration of potassium oxide.

Zinc Oxide

ZnO is recognized to be the finest glass producer because it has superior physical and mechanical features, including a much lower softening point than other types of glasses. Zinc oxide concentration in the optical glasses is used to raise the density, refractive index, and activation energy for the alkali-ion diffusion internal friction peak.

Phosphorus Pentoxide

Phosphorus pentoxide (P2O5) is combined with other chemical components to form phosphate glasses. Their glass transition temperature is quite low (usually below 400 °C) and strong optical transmission spectral range is around 0.4 m to 2 m, which is slightly smaller than silica glasses. Compared to silicate glasses, they have a lower optical damage threshold and heat conductivity

Fluorite

Fluorite is a mineral that is used to make opalescent glass. Natural fluorite is found in tiny sizes which are appropriate for use in small optical equipment for microscope object lenses. It is used in microscopes and telescopes as optically clear translucent fluorite lenses have low dispersion and they have less chromatic aberration. Fluorite optics can also be used in the ultraviolet and mid-infrared wavelengths, when regular glasses are too opaque.

Barium Oxide

Barium Oxide is utilized in the creation of some types of glass, such as optical crown glass as it can replaced lead (II) oxide. Barium Oxide can make up to 30% of the optical glass. It is utilized in optical glass because it is very insoluble and thermally stable. The thermal stability of optical glass is improved by the presence of barium oxide.

• Boric Oxide
• Potassium Oxide
• Zinc Oxide
• Phosphorus Pentoxide
• Fluorite
• Barium Oxide
• Others

Optical Glass Supply Form Segment Analysis

Plate

The Plate Revenue in Optical Glass market is expected to reach USD 854.42 Million by 2028.

The optical glass plate is hand painted, pigmented, or engraving and available in glass and plastic. It features high purity (>99.99%), good physical and chemical properties, tight tolerances, and low -OH content. Optical glass in plate is majorly used in windows. Some laser glass plates are used in laser systems as protection plates for other components. It is widely used 

Round plate

Round plate optical glasses are mostly used in lenses. The round plate optical glasses have high light transmission, acid and alkali resistance, and can be made up of any dimensions.

Worked Rod

Optical glass rods utilized in applications that require tiny optical components such as ball lenses, rod lenses, spheres, and discs and made with utilizing a variety of techniques. In the visible spectral range, it has improved transmission values, particularly in the blue-violet range. There are several different types of optical glass rods on the market, including stained glass, toughened glass, and optical glass.

Prism

Prisms is a collection of Borosilicate Crown Glass prisms. It is made of solid glass that is been ground and polished into geometrical and visually meaningful forms. The kind and function of prisms are determined by the angle, location, and number of surfaces. Prisms function on the idea that light changes speed and angle as it passes through different materials. Because the angle of refraction varies across wavelengths of light, the numerous colours (corresponding to different wavelengths) that make up white light can be stretched out into a rainbow of colours.

• Plate
• Round plate
• Worked Rod
• Prism

Optical Glass Market Regional Analysis

Region and country analysis section of Optical Glass Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Optical Glass market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Company Profile:

CDGM GLASS CO. LTD.

CDGM GLASS CO., LTD. is a manufacturer of optical glass. The products offered by the company are ball lenses, glass blanks, spherical lenses, borosilicate, strip glass and others. The optical glass CDGM offers has been mainly used in cameras, mobile phones, projectors, cctv, and automotive monitoring system. 

Edmund Optics Inc.

Edmund Optics Inc. is a manufacturer of optics, imaging and photonics technology that has served a variety of markets including Life Sciences, Biomedical, Industrial Inspection, Semiconductor, R&D, and Defense. The company also produces optical components, multi-element lenses, optical components, multi-element lenses, and others. 
The company employs over 1,000 employees in over nine countries across the globe. It has over 235,000 sq. ft. (21,800 m2) of manufacturing space located in the Americas, Europe, and Asia and two world-class design centers.

News

• August 2021, Edmund Optics Expanded its South Korea office in Response to Customer Demand

The company has announced the relocation of its regional South Korea office to a larger facility in the Mapo district of Seoul. This expansion, into largest metropolitan areas, is necessary to put up growing business demands. The new, 2,841 square foot (264 square meter) office has accommodated more employees and an improved, state-of-the-art workspace.

Top Companies Market Share in Optical Glass Industry: (In no particular order of Rank)

• Schott Glaswerke
• Ohara Corporation
• HOYA CORPORATION
• CDGM Glass Company
• Edmund Optics
• Nikon Corporation
• Crystran Ltd
• Sumita Optical Glass
• Sterling Precision Optics
• CORNING
• OAG Werk Optik
• Scitec Instruments
• Precision Optical
• China South Industries Group Corporation
• Hubei New Huaguang
• Changchun Boxin Photoelectric
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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