What is BK7 Glass Market?
BK7 glass is high quality optical glass that is widely used in various optical and other applications. It is becoming popular due to its low cost manufacturing and more sensitive to thermal variations. Thermal sensitivity of BK7 glass makes it suitable for outside optical windows, prisms, lenses, and other components. Steadily growing laser and optics industry and continuous demand for glasses with excellent properties will accelerate the adoption of BK7 glass. Increasing use of infrared optical systems for thermal imaging and industries for various applications will boost the market growth.
Highlights from BK7 Glass Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Schott AG (Germany), Dynaflex Corporation (India), Precision Optical Inc. (United States), Otto Chemie Pvt. Ltd. (India), Advanced Optics, Inc. (United States), Swift Glass (United States), MTI Corporation (United States), MaTecK GmbH (Germany), Crystaltechno Ltd (Russia), Coresix Precision (United States) and Esco Optics (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global BK7 Glass market throughout the forecasted period.
Schott AG (Germany), Dynaflex Corporation (India), Precision Optical Inc. (United States), Otto Chemie Pvt. Ltd. (India), Advanced Optics, Inc. (United States), Swift Glass (United States), MTI Corporation (United States), MaTecK GmbH (Germany), Crystaltechno Ltd (Russia), Coresix Precision (United States) and Esco Optics (United States) are some of the key players profiled in the study. BK7 Glass Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Optical, Windows, Lenses, Prisms and Others |
Type | Coated and Uncoated |
Sales Channel | Online,Offline |
On the basis of geography, the market of BK7 Glass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus on the Research & Development and Evolution of Uncoated and AR-Coated BK7 Glass for Application in High Precision Windows
Market Growth Drivers:
Surging Demand for BK7 Glass for Optical Applications and Base Material for Precision Optics and Growing Preference for BK7 Glass in the Medical Applications Due to Its Better Chemical Performance
Challenges:
Easy Availability of Substitutes of BK7 Glass in the Market
Restraints:
High Sensitivity to the Hot Temperature May Limit the Market As the Glass Starts to Soften
Opportunities:
Increased Adoption of IR Laser Optical Systems for Thermal Imaging and Trace Gas Spectroscopy Applications
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, BK7 Glass Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Market Leaders & Development Strategies
In September 2021, SCHOTT signs agreement to acquire Applied Microarrays Inc.This acquisition extends SCHOTT’s manufacturing presence in the United States and strengthens its bioscience capabilities.
In January 2022, Advanced Optics, Inc. announced that they launch new glass composition to advance the development