The Global Optical Resin Sheet Market size is forecast to grow at a CAGR of 6.5% during the forecast period, to reach USD X, XXX million by 2028 from USD 2,255 million in 2020. Rising demand for sunglasses and contact lenses coupled with an increasing number of opticians is expected to drive market growth over the next decade.
Optical Resin Sheet is a transparent sheet-like material that has been processed to have an even surface and thickness. It can be made from different materials including thermoplastic, which is more brittle than thermosetting resins but less susceptible to the effects of ultraviolet light. The optical resin sheets used in sunglasses are generally hard-coated with polycarbonate or plastic film for scratch resistance, while those used in contact lenses typically offer anti-microbial properties.
On the basis of Types, the market is segmented into Thermosetting Material and Thermoplastic Material.
Thermosetting material is a type of resin that has undergone an irreversible chemical reaction when heated. This means it cannot be remelted, and can only be cast or molded into the desired shape before curing. It is typically used in the production of contact lenses, but can also be applied to the manufacture of sunglasses and general lenses. Thermosetting materials are often stronger than thermoplastic materials because they produce a cross-linked polymer network when heated. This means that thermoset polymers cannot melt or deform before curing, making them more durable under repeated bending cycles for durability purposes as well as impact resistance.
Thermoplastic materials are plastics that can be remelted and reformed over time. Polypropylene, polyethylene, nylon, acrylics, and vinyl are examples of thermoplastics. Clear plastic food wrap is made from a type of thermoplastic called polyvinyl chloride (PVC). The lenses on your sunglasses may also be made from recycled or discarded items like old CDs or DVDs as well as other types of recycling material. Thermoplastics usually have low strength compared to thermosets but they offer quick processing speeds with lower production costs than their thermosetting counterparts and have excellent surface finish properties making them an attractive option for many applications including optical resin sheets in the lens markets.
On the basis of Application, the market is segmented into Sunglasses, Contact Lenses, and General Lenses.
The optical resin sheet is the top component of a sunglass frame. The use of this material provides protection for the eyes from ultraviolet rays and harmful radiation, making it an important part of sunglasses manufacturing. There are two types of lenses: polarized and non-polarized lenses. These glasses protect against infrared light that may cause sunburns or eye damage during prolonged exposure to sunlight. Non-polarized lenses block out all light waves except those coming at right angles across your field of view (horizontally) because these can lead to glare and potential painful headaches called chromatic aberration caused by overexposure to UV rays. Polarization cuts down on blinding reflections like water droplets or snowflakes which might make it difficult to see the road ahead.
The use of optical resin sheets in contact lenses is increasing due to an increase in the demand for dry-eye relief. Contact lens wearers have been experiencing a number of issues such as discomfort, irritation, and redness since they are unable to blink or close their eyes while wearing the lenses. Optical resins find usage in contact lenses because they improve these problems by providing moisture retention on the surface of the eye that provides lubrication during wear which leads to more comfort and compliance with patients who suffer from dry eye syndrome. In addition, they also provide oxygen diffusion into deeper layers of cornea tissue where it can be consumed by cells alive below its surface layer. This reduces inflammation caused by hypoxia (lack of oxygen).
The use of Optical Resin sheets in general lenses is on the rise. The trend for lighter, thinner and cheaper lenses has led to a significant increase in sales of this type of glasses these days. This would also entail that more optical resin sheets are being used as well because they are not only needed by lens manufacturers but hotels too so their guests can enjoy themselves without having any eye strain or problems seeing things clearly.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North American region is dominating in this market owing to increase usage of sunglasses among people. This trend has led to an increased demand for optical resin sheets as well because manufacturers need them more than ever before so that they can produce lenses at a faster rate while reducing operating costs.
The global optical resin sheet market's growth is largely driven by the growing demand for contact lenses and sunglasses. The increased awareness of eye care among people has led to an increase in the number of patients seeking treatment for various vision-related problems, such as myopia or astigmatism. The increasing disposable income would lead to greater spending on luxury goods like eyewear products. Apart from this, other factors contributing towards the growth include wide usage across various industries (such as automotive), rise in healthcare expenditure globally due to technological advances, and the emergence of new product offerings catering needs of diverse consumer segments which help manufacturers maintain their competitive edge over one another.
Up Market Research published a new report titled “Optical Resin Sheet Market research report which is segmented by Types (Thermosetting Material, Thermoplastic Material), By Applications (Sunglasses, Contact Lenses, General Lenses), By Players/Companies HOYA, Ray-Ben, PRADA, Rodenstock, Dior, Bausch Lomb, Kalvin Klein, WX, HKO, ZEISS International, SOLA, ESSIILOR”.
Report Attributes | Report Details |
Report Title | Optical Resin Sheet Market Research Report |
By Type | Thermosetting Material, Thermoplastic Material |
By Application | Sunglasses, Contact Lenses, General Lenses |
By Companies | HOYA, Ray-Ben, PRADA, Rodenstock, Dior, Bausch Lomb, Kalvin Klein, WX, HKO, ZEISS International, SOLA, ESSIILOR |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 210 |
Number of Tables & Figures | 147 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Thermosetting Material, Thermoplastic Material and By Application Sunglasses, Contact Lenses, General Lenses.
Some of the companies that are profiled in this report are:
Optical Resin Sheet Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Optical Resin Sheet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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