QYResearch: Global Optical Glass market size will reach about 1848.43 Million USD by 2022
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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.
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According to QYResearch, The large downstream demand for Optical Glass has been and still remains fairly stable. Production of Optical Glass increased from 43946 K Pcs in 2012 to 67447 K Pcs in 2016 globally. North America, Europe and China rank top three in terms of production volume of Optical Glass, consists of 21.75%, 24.01%, and 20.33% of the global market respectively in 2016. Schott Glaswerke AG ranks the first in terms of revenue share in global market of Optical Glass, occupies 8.40% of the global market share in 2016; While, CORNING, with a market share of 7.70%, comes the second; All the other manufacturers which are not included in the report together consist of approximately 37.69% of the global market in 2016.
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In the next five years, the global consumption of Optical Glass will show upward tendency further, consumption is expected to be about 110051 K Pcs by 2022. Global Optical Glass market size will reach about 1848.43 Million USD by 2022, with an average growth rate of 8.43% annually from 2012 to 2017, the average growth rate annually from 2017 to 2022 will be approximately 8.54%. Despite the presence of fierce competition and the trend of price decrease, due to the stable demandďźŒtogether with the development of the related industries. Investors are quite optimistic about this industry. There will be more new investors entering this field in the near future.
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