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Global Optical Plastic Lens Market to Settle at 6.3% Growth Rate by 2022-28

Due to the COVID-19 pandemic, the global Optical Plastic Lens market size is estimated to be worth US$ 5052.9 million in 2022 and is forecast to a readjusted size of US$ 7290.2 million by 2028 with a CAGR of 6.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Aspheric Lens accounting for % of the Optical Plastic Lens global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Mobile Phone segment is altered to an % CAGR throughout this forecast period.

At the regional level, the Chinese market has changed rapidly in the past few years, accounting for about 71 percent of the global market.

From the perspective of product market application, due to the large demand for mobile phone lenses and high cost requirements, the advantages of plastic lenses in process difficulty, mass production difficulty, cost and other aspects are reflected. Therefore, at present, mobile phone lenses are mainly made of plastic lenses, and mobile phones occupy about 88% of the market share.

At present, the major global manufacturers include Dali Light, Sainty Optics, Yujing Optoelectronics, Resound Technology and Kantatsu, etc. The top five major manufacturers account for more than 79% of the total market share.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Aspheric Lens
  • Spherical Lens

Segment by Application

  • Mobile Phone
  • Computer
  • Automotive
  • Monitor
  • Others

By Company

  • Largan
  • Sunny Optical Technology
  • Gseo
  • Aac Technologies
  • Kantatsu
  • Sekonix
  • Newmax
  • Ofilm
  • Coasia Optics
  • Aoet
  • Huaxin Optical Tech
  • Kinko

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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