UV/IR Blocker Market: Overview and Dynamics
Ultraviolet waves are invisible waves which are shorter than visible wavelengths. Ultraviolet or Infrared radiation is the type of electromagnetic radiation which are divided into UV-A, UV-B, UV-C where UV-B are the harmful which causes sunburn and UV-C are the very harmful rays for human and just about 95% to 97% absorbed by the ozone layer and the rest enters the earth environment..
These rays negatively impact human body and environment as well. UV-B rays upturns the threat of cellular and DNA damage in living organisms. To decrease the impact of these rays UV / IR blocker has been used in different areas.
UV/IR blockers are used to reflect and absorb the ultraviolet rays and infrared radiation caused by sun and broadband lights which can harm the humans.  UV / IR blockers are used to protect the human and environment against the ultraviolet rays. The design of these blockers is given by dielectric coatings which gives better transmission over the whole visible spectrum without any distortion of light source spectral emission.
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The growing concerns regarding skin diseases and skin cancer is projected to increase the demand for UV / IR blockers in the global market, as it provides protection against skin diseases, sunburn and tanning. Rising consumer awareness regarding diseases caused by ultraviolet and infrared radiation, the demand for sunscreen lotions, lenses, specs and Ultraviolet films has been increased. UV / IR blocker market is projected to grow with double digit CAGR near future, as ozone layer depletion is increasing day by day.
Growing demand for UV or IR blocker in lighting industry including museum, Illumination lighting, medical diagnostics, spectral radiometry etc. will boost the demand for different type of UV / IR blockers. This, in turn, driving the world UV/IR blocker market. Advertisements, marketing campaigns, and increase in the demand for thermal films and UV Films will drive the global UV/IR blocker market in the forecasted period.
UV / IR blocker usage is restricted by the stringent government policies such as In United States many chemical UV / IR filters did not get approval from US FDAÂ and the same conditions prevail in European countries as well. This is going to hamper the overall growth of UV / IR blocker market in the forecast period.
UV / IR blocker market is highly lucrative, just companies need to spend the large portion of their revenue on research and development to reduce the cost of products by developing new technology. The big portion of consumer is untapped by the manufacturers which can increase the revenue of the companies by multiple folds. Developing economies are the new emerging markets for UV / IR blocker market.
Global UV / IR blocker market is competitive, due to well established regional and international market players. UV / IR blocker has been used extensively in medicals, labs, fiber optics etc. industries. Growing investments and expansion of leading companies can affect the revenue in long term.
Global UV / IR Blocker Market is experiencing massive decline as COVID-19 Outbreak
The recent COVID-19 pandemic has crushed many country’s economy worldwide, as governments of different countries has imposed the lockdown for more than two quarters of financial year 2020. The global UV / IR blocker market impacted badly where few industries were in the progress. The global supply chain was interrupted, demand for UV / IR blockers declined drastically. The UV / IR blocker market is expected to have steady growth as COVID-19 cases will start showing down fall and supply chain will be resumed.
Moreover, few countries have stared the production and supply of the products. Few countries are still suffering with the COVID-19 cases. Regions like Europe, Asia Pacific and Latin America are under the threat of COVID cases. Countries like India, Bangladesh, Kuwait, Italy, Russia etc. have stared facing second wave of COVID-19. Few of them have imposed night lockdown and few are still in the process. Countries are struggling due to lack of medical infrastructure and financial support.
The falling global GDP and counties growth rate will have direct impact on UV / IR blocker market. Global UV / IR blocker product are manufactured in countries like China, India, North America, Germany and name a few. With the hope for good, UV / IR market is projected to have moderate growth in short term owing to ongoing condition but it will have marvelous growth in long term as investment on research and development is growing.
Segmentation Analysis of UV / IR Blocker Market
UV / IR blocker product are manufactured and used in different industries. UV / IR blocker market has been segregated on basis of equipment, applications and end-users
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Based on equipment, UV/IR Blocker market is segmented as
- Camera
- lenses
- Specs
- Thermal films
- UV Films
Based on Applications, UV/IR Blocker is segmented as
- Biotech instruments
- Chemical analysis
- Laser line separation
- Machine vision
- Medical diagnostics
- Spectral radiometry
- Fiber optics
- Lighting
- Entertainment Lighting
- Product showcases
- Museum lighting
- Illumination of arts
- Medical lighting
Based on end-Users, UV/IR Blocker market is segmented as
- Industrial
- Hospitality
- Commercial
- Residential
- Healthcare
- Others
UV/IR Blocker Market: Regional Outlook
Fact.MR has deep dived in the market to analyze the UV / IR blocker consumption, production, and supply, regions are fragmented into six regions including North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa. The evolving countries like India, China, developed economies like United States, Canada are the major producers of UV / IR blocking products.
The UV / IR blocker market is dominated by North America and European nations where countries like United States, Germany, Italy etc. are the leading countries. United States is expected to grab market share in the forecasted period followed by Germany and United Kingdom. UV / IR blocking products are highly preferred and are the part of lifestyle in these countries.
Furthermore, Developing countries like China, India is the hub of manufacturers. The most of the leading companies are having their manufacturing plant in Asia Pacific region owing to low cost raw material availability, low cost labor and leveraging trade policies. Moreover, Latin America is predicted to lose market share where The Middle East and Africa will grow with more the six percent CAGR in the forecast period.
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UV/IR Blocker Market: Competition Outlook
UV / IR blocking market is rapid growing market which has strengthened the competition over the past-half decade. Not only competition but also investments in research & development was observed on spike. In terms of market structure, UV/IR Blocker market is evaluated to be slightly fragmented. Fact.MR has considered the key players based of their product offering and their global presence.
Major players operating in the market include
- Materion Company
- Astronomik
- Opticsbalzers
- UQG optics ltd
- Agena Astro
- Baader planetarium
- Light path Technologies
- Midwest optical systems Inc.
- Teleskop service etc.
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