The global photosensitive glass market size was estimated at $6.7 billion in 2018 and is expected to hit $11.4 billion by 2026, registering a CAGR of 6.9% during 2019-2026. The global photosensitive glass market is divided based on region and application. Based on region, the market is evaluated across North America, Europe, Asia-Pacific, and LAMEA. And, based on application, the market is divided into construction, ornaments, decorative, electronics, and automotive.
The report states an in-depth analysis of key market segments, research methodology, analyst tools and models, top investment pockets, market dynamics, market size & forecast, key market segments, growth factors and opportunities.
Emerging applications of photosensitive glass in photolithography and increase in demand for the same have worked as two major driving factors for the growth of the market. On the other hand, limited global manufacturers and high price of the product have curtailed down the growth to certain extent. However, rise in application of photosensitive glass across various industries has created a number of opportunities in the market.
North America to maintain its dominance by 2026
North America contributed to nearly half of the total market share, airing a CAGR of 6.4% during 2018-2025. The increasing demand for photosensitive glass in U.S. and Canada has enabled the province to have the highest market share. Also, established construction industry and economically strong status of the region has spurred the cause. Last but not the least; technologically established background of North America is further expected to contribute more in the advancement of photolithography over the years to come.
Decorative sector remains to be quite profitable throughout the forecast period
Based on end-user, the decorative segment accounted for nearly one-third of the total market in 2017. The fact that this glass has a rich appearance has made it grab the highest market share of photosensitive glass. Especially, increase in consumer demand for this product during special occasion and festivals boosts the growth of the market to a significant extent. At the same time, the electronics segment happens to be the fastest growing market, garnering a CAGR of 8.1% during the estimated period. Especially, the favorable properties like permanent refractive change, good constancy, grain-free image, high strength, correct reproducibility etc. have made them an ideal choice as compared to other glasses.
The report analyzes and forecasts the photosensitive glass market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global photosensitive glass market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the photosensitive glass market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of photosensitive glass market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Competitive Landscape is the most valuable part of this report
Key market players highlighted in the research include Gaffer Glass USA, Corning Incorporated, Hoya Corporation, IPG Photonics Corporation and Schott AG. They tend to adhere to a number of unique strategies and that's how they have become able to maintain their exclusivity in the market.
Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market. This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the industries. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
U.S. Virtual Visits Market (By Service Type: Cold & Flu management, Allergies, Urgent Care, Preventive Care, Chronic Care Management, Behavioural Health ; By Commercial Plan Type: Small Group, Self-Funded/ASO Group Plans, Medicaid, Medicare, By Age Group, By Gender)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Next-Generation Sequencing Services Market (By Service Type: Human Genome Sequencing, Gene Regulation Services; By Workflow: Pre-sequencing, Sequencing, Data Analysis; By End-use)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Pediatric Clinical Trials Market (By Phase: Phase II, IV; By Study Design: Treatment, Observational Studies; By Therapeutic Areas: Mental Health Disorders, Oncology)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Medical Digital Imaging Systems Market (By Type: X-ray, MRI, Ultrasound, CT, Nuclear Imaging; By Technology: 2D, 3D/4D) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
U.S. Pharmacy Benefit Management Market (By Business Model: Standalone, Health Insurance Providers, Retail Pharmacy; By End Use: Commercial, Federal) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...