Rockville, MD , Feb. 19, 2025 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global Color Filter Glass Market is estimated to reach a valuation of US$ 2,090 million in 2024 and is expected to grow at a CAGR of 8.3% during the forecast period of 2024 to 2035.
Increasing adoption of Colour filter glass from various industries such as aerospace, consumer electronics, medical sectors is one of the major factor driving the market for Colour filter glass.
Colour filter glass are absorption filters made of coloured glass which absorb light in specific wavelength ranges in varying degrees and let other ranges pass to a major extent. Depending on the technical function and translucence in specific wavelength ranges, these absorption filters are called colour filters, daylight elimination filters, high pass filters, etc.
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Key Takeaways from Market Study:
- The global colour filter glass market is projected to grow at 8.3% CAGR and reach US$ 4,638 million by 2035
- The market created an absolute $ opportunity of US$ 2,548.5 million between 2025 to 2035
- North America is a prominent region that is estimated to hold a market share of 29.8% in 2035
- North America and East Asia are expected to create an absolute $ opportunity of US$ 1,505 million collectively
“Environmental awareness, adoption across various industries, and technological advancement in recycling process will drive the market” says a Fact.MR analyst.
Market Development:
Global Colour filter glass market key players are Schott AG, Hoya Corporation, Newport Corporation, Kopp Glass, Sigma Koki co., ltd., Young Optics, Thorlabs, Andover Corporation, Optima Inc., Esco Optics, Isuzu Glass Ltd., Nantong Yinxing Optical.
Focusing on expansion activities, technological advancement, product innovations, strategic partnerships and collaborations, and regulatory compliances to acquire significant share in the industry.
Color Filter Glass Industry News:
The color filter glass market is becoming increasingly competitive, with established and new players facing pricing pressures that squeeze profit margins and limit expansion. Europe, North America, and East Asia dominate the market, supported by strong regulations, high consumer awareness, and sustainability efforts. Companies invest heavily in R&D to innovate and attract customers through customized solutions. In January 2023, Andover Corporation launched the ADVANTECH™ Hard Coat Bandpass Filters, designed for high-performance applications in spectroscopy, imaging, sensing, and the semiconductor industry, using a precise magnetron-sputtering process.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global Colour filter glass market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2035.
The study reveals essential insights on the basis of By Product Type (Colour Compensating Filter, Neutral Density Filter, Heat Absorbing Filter, Ultraviolet Transmitting Filters, Multiband Calibration Filters, Sharp Cut Filters, Infrared Transmitting Filter, Blue Filter, Green Filter, Light Balancing Filter), By Application (Machine Vision, Imaging Calibration, UV Trans-Illuminator, Telecommunication, Electronic Instrumentation, Medical Devices, Night Vision, CRT Display/LCD/FED), By Industry (Healthcare, Architecture, Automotive, Consumer electronics, and Others), across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
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About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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