Global Photosensitive Glass Market is Predicted to Value Over USD 10.5 Billion by 2026 End

  • 01 Jul 2019

Global Photosensitive Glass Market is predicted to value over USD 10.5 billion by 2026 end and grow at a CAGR of over 6.5% during the forecast period of 2019 to 2026.

Photosensitive glass belongs to the lithium silicate family which can produce coloured pictures when the glass is exposed to UV rays. These images are formed on the glass with the mask provided by microscopic metallic particles when exposed to short wave radiation like ultraviolet light. It is also used for the purpose of appearance enhancement in residential areas. Its unique property of capturing images could become a key factor for increasing market penetration as this market is still at an initial stage. Photosensitive glass has a variety of applications like partition and wall beautification, large windowpanes and ornamental tiles in architectural applications. Such a huge demand from the construction industry will surely drive forward the photosensitive glass market. The electronic industry also uses photosensitive glass for producing microcircuits which will help the market grow even more. The photosensitive market is expected to witness a rapid growth rate owing to the variety of industries like electronics and automotive using this glass extensively. 

Insights on Global Photosensitive Glass:
1.    By Region

•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Rest of the world
As the market is in its initial stages, there is no such dominant region currently. However, North America seems to be the most promising region for this market to prosper. The reason for this is the presence of leading glass manufacturers like Corning Inc., IPG Photonics Corp. and Gaffer Glass. Furthermore, Asia Pacific is predicted to showcase a significant growth due to the trendy microcircuits and the photolithography process which is consistently developing. Owing to the establishment of the construction industry, countries like China and India are predicted to offer assuring opportunities for the photosensitive glass market to grow rapidly. 

2.    By End-User
•    Construction
•    Decorative
•    Ornaments
•    Automotive
•    Electronics
Due to its characteristics of capturing colourful images, the photosensitive glass is mainly prominently used in the application of decoration as it enhances the appearance of households. Therefore, it is expected that this segment will gain significant traction in the market during the forecast period. Similarly, the electronics segment is also expected to grow reasonably during the forecast period due to its utilization in manufacturing micro-circuits. 

Competitive Landscape:
•    Gaffer Glass 
•    Schott AG
•    Corning Inc.
•    IPG Photonics
•    Hoya Corp. 

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global photosensitive glass market by region, by end-user
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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