Photosensitive glass, also known as photo-structurable glass (PSG) or photo-machinable glass, is a crystal-clear glass, which belongs to the lithium-silicate family of glasses. This glass captures an image of a mask by microscopic metallic particles when it is exposed to short wave radiations such as ultraviolet light (UV). It possesses few characteristics in common with glass ceramics such as transparency, high strength & toughness, chemical durability, and zero or low porosity. This material has a limited array of applications, ranging from portraits & figures, photographic murals, 3D images, decorative windows, displays, ornamental tiles, and others.
The growth of the global photosynthetic glass market is majorly driven by increase in demand for photosynthetic glass owing to the development of the construction sector. This material is widely used in the commercial sector to aesthetically enhance the surroundings and in industrial sector specifically in the electronics industry to produce compact devices and components. The trend for micro-circuits through microfabrication in the electronics industry is expected to drive the adoption of photosensitive glass, thereby offering lucrative growth opportunities over the coming years. However, the major challenge that hampers the market growth is the high cost of photosensitive glass. On the contrary, increase in applications of photosensitive glass across various end-use industries is anticipated to create lucrative growth opportunities for the market during the forecast period.
The global photosensitive glass market is segmented based on application and region. The applications covered in the study include construction, ornaments, decorative, electronics, and automotive. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America emerged as a largest region in terms of growth due to established construction industry and economically strong nature. Europe is the second largest market in the global photosensitive glass market driven by increase in demand from France. Asia-Pacific is expected to be the key market during the forecast period due to growth in use of photosensitive glass in electronics and rise in construction activities.
Some of the key manufacturers of photosensitive glass are Corning Incorporated, HOYA Corporation, Schott AG, IPG Photonics Corporation, and Gaffer Glass.
Key Benefits for Photosensitive Glass Market:
Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
This report outlines the current trends and future scenario of the optically clear adhesives market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
Major countries in each region are mapped according to their individual revenue contribution to the global/regional market.
The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
The profiles of the key players along with their key strategic developments are enlisted in the report.
Photosensitive Glass Key Market Segments:
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.5. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Porters five forces analysis
3.3. Market dynamics
184.108.40.206. Developing applications of photosensitive glass in photolithography
220.127.116.11. Surge in demand for photosensitive glass
18.104.22.168. High price and limited presence of global manufacturers
22.214.171.124. Increase in application across various industries
CHAPTER 4: PHOTOSENSITIVE GLASS MARKET, BY APPLICATION
4.1.1. Market size and forecast
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis, by country
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis, by country
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis, by country
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis, by country
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis, by country
CHAPTER 5: PHOTOSENSITIVE GLASS MARKET, BY REGION
5.1.1. Market size and forecast
5.2. North America
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by application
5.2.3. Market share analysis, by country
126.96.36.199. Market size and forecast, by application
188.8.131.52. Market size and forecast, by application
184.108.40.206. Market size and forecast, by application
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by application
5.3.3. Market share analysis, by country
220.127.116.11. Market size and forecast, by application
18.104.22.168. Market size and forecast, by application
22.214.171.124. Market size and forecast, by application
126.96.36.199. Market size and forecast, by application
5.3.8. Rest of Europe
188.8.131.52. Market size and forecast, by application
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by application
5.4.3. Market share analysis, by country
184.108.40.206. Market size and forecast, by application
220.127.116.11. Market size and forecast, by application
18.104.22.168. Market size and forecast, by application
22.214.171.124. Market size and forecast, by application
5.4.8. Rest of Asia-Pacific
126.96.36.199. Market size and forecast, by application
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by application
5.5.3. Market share analysis, by country
188.8.131.52. Market size and forecast, by application
5.5.5. Saudi Arabia
184.108.40.206. Market size and forecast, by application
5.5.6. Rest of LAMEA
220.127.116.11. Market size and forecast, by application
CHAPTER 6: COMPANY PROFILES
6.1. CORNING INCORPORATED
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Product portfolio
6.1.5. Business performance
6.2. GAFFER GLASS
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Product portfolio
6.3. HOYA CORPORATION
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Product portfolio
6.3.5. Business performance
6.4. IPG PHOTONICS CORPORATION
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Product portfolio
6.4.4. Business performance
6.5. SCHOTT AG
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio
6.5.5. Business performance
6.5.6. Key strategic moves and developments
*Full List of Tables and Figures Available on Enquiry.
Photosensitive glass belongs to lithium-silicate family. It is unique type of glass wherein an image of mask can be captured with help of microscopic metallic particles in the glass when it is exposed to ultraviolet light in a range of 280nm320 nm. A latent image is formed at this wavelength. Photosensitive glass is a promising material used to produce components for several complex microsystems. The global photosensitive glass market possesses high growth potential, because this glass finds its application in both corrosive and high-temperature environments.
In terms of revenue, the global photosensitive glass market represents moderate numbers due to gradual development of applications in each industry. Globally, the market is at a nascent stage and is further expected to explore significant growth opportunities during the projected period. Some of the prominent factors driving the growth of the market include increase in product use in photolithography to produce various electronic and optoelectronic devices. Moreover, superior physical and chemical properties of photosensitive glass fuel its use for aesthetic purposes, which is expected to propel the market growth during the forecast period. However, limited presence of product manufacturers across the globe restrains the growth of the market. Furthermore, high price of photosensitive glass is expected to restrain the market growth.
North America is the most promising regional market across the globe. The region accounted for largest market share due to presence of leading photosensitive glass manufacturers including Gaffer Glass USA, Corning Incorporated, and IPG Photonics Corporation. On the other hand, Asia-Pacific anticipated to exhibit promising growth due to the trend for micro-circuits and consistently developing photolithography process. Countries, such as India and China are anticipated to offer numerous growth opportunities owing to established construction industry.
Key Findings of the Photosensitive Glass Market:
North America dominated the photosensitive glass market with a revenue share of over 48% in 2017
The Asia-Pacific photosensitive glass market is projected to grow at a highest CAGR of nearly 8.2%, in terms of revenue, during the forecast period
The decorative segment was a global leader among other applications with more than one-third share in 2017
The major key players operating and profiled in the global photosensitive glass market include Corning Incorporated, Gaffer Glass, IPG Photonics Corporation, Schott AG, and HOYA Corporation.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.