Market Analysis and Size
The design of optical coatings is perfect for improving transmission, performance, reflection or polarization properties of an optical part for a polarization of light and specific angle of incidence. This polarisation of light include P-Polarization, S-Polarization or random polarization. The composition of an optical coating contains of a combination of thin layers of materials. Optical coating is widely applicable in solar panels, consumer electronics, automotive industries and numerous other areas.
Data Bridge Market Research analyses that the optical coating market was valued at USD 12.6 billion in 2021 and is expected to reach USD 23.06 billion by 2029, registering a CAGR of 7.85 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Market Definition
An optical coating contains one or more thin layers of material deposited on an optical component such as a lens or mirror, which modifies how the optic transmits and reflects light. One type of optical coating is an anti-reflective coating that reduces unwanted reflections from surfaces, and generally used on camera lenses and spectacle. Another type is the high-reflector coating, which can produce mirrors that reflect the light greater than 99.99% of the light and fall on them. More complex optical coatings exhibit high reflection over some range of wavelengths and anti-reflection over another range, allowing the production of dichroic thin-film filters.
Global Optical Coating Market Scope
The optical coating market is segmented on the basis of technology, product type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Vacuum Deposition Technology
- Ion-Assisted Deposition (IAD) Technology
- E-Beam Evaporation Technology
- Sputtering Process
Product Type
- Anti-Reflective Coatings
- High Reflective Coatings
- Filter Coatings
- Transparent Conductive Coatings
- Electrochromic Coatings
- Beamsplitter Coatings
- Others
Application
- Consumer Electronics, Solar
- Medical, Architecture
- Aerospace and Defense
- Automotive
- Telecommunication
- Others
Optical Coating Market Dynamics
Drivers
- Rising demand for different application
The optical coating is principally driven by the growing demand for effective optical devices and increasing use in several industries. Optical coatings are commonly used in several applications, including solar panels, automotive, medical, telecommunication, architecture, consumer electronics, and military and defence which are expected to drive the growth of the optical coating market.
- Growing demand in semiconductor and electronics industry
Optical coatings are mainly used in semiconductors, telecommunication and optics, high-temperature lamp tubing and microelectronics industries. The growing demand of this coatings in the semiconductor and electronics sectors have to withstand the high charges of heat transfer in rapid high-temperature gradients and thermal processing which are generally applied to printed I.C.s, circuit board (PCB) coating and wafers to modify their properties. The continuous development in the electronics and semiconductor industry has augmented the use of new-generation wafers in semiconductors, which are expected to drive the demand for optical coatings.
- Rising demand of anti-reflective coating
Anti-reflective optical coating can provide high-quality coatings with low anti-reflection performance and high transmission for components such as screens, lenses, mirrors and anti-reflection coatings which are used in various consumer and industrial applications worldwide. The rising demand of anti-reflective coating are expected to drive the demand of optical coating market.
Opportunities
- Growing demand in automotive electronics
The rising demand for automotive electronics in the transportation end-use industry is expected to grow due to the increasing income levels in the global market premises. The optical coatings industry forms an important part of advanced automotive electronics devices and systems in the market premises. There has been an appearance of advanced driver assistance, along with the growth of entertainment system features and communication technology which are also being recognized for creating an opportunity for the optical coatings market to develop during the forecast period
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Competitive Landscape and Optical Coating Market Share Analysis
The optical coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to optical coating market.
Some of the major players operating in the optical coating market are:
- Evonik Industries (Germany)
- Huntsman Corporation (U.S.)
- Covestro AG (Germany)
- BASF SE (Germany)
- Dupont (U.S.)
- Parker Hannifin Corp (U.S.)
- Aditya Birla Chemicals (India)
- Wanhua Chemical Group Co., Ltd. (China)
- Hexion (U.S.)
- INEOS (Switzerland)
- Shanghai Sisheng Polymer Materials Co., Ltd. (China)
- DOW (U.S.)
- Stahl Holdings B.V. (Netherlands)
- ANGUS Chemical Company (U.S.)
- Akzo Nobel N.V. (Netherlands)
- Ashland. (U.S.)
- ELEMENTIS PLC (U.K.)
- Eastman Chemical Company (U.S.)
- Cabot Corporation (U.S.)
- Byk-Chemie GmbH (Germany)
- Arkema (France)
- Chemicals Mfg. Co., Ltd. (Japan)
- Meilian Chemical Co., Ltd. (China)
- Allnex GMBH (Belgium)
- Asahi Kasei Corporation (Japan)
- DIC CORPORATION (Japan)
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The Optical Coating Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the optical coating market includes Abrisa Technologies, Alluxa, Inc., Cascade Optical Corporation, Chroma Technology Corp., Inrad Optics, Janos Technology Inc, Newport Corporation, Optical Coatings Japan, PPG Industries, Schott AG, and Viavi Solutions.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Optical Coating Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/optical-coating-market/download-sampleMarket DynamicsRising consumer electronic and the high-resolution display product is driving the market of the optical coating.
In addition, increasing use of optically coated glass in the construction activity is projected to fuel the market growth.
On the other hand, volatile price of raw material is likely to hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
The global optical coating market is expected to cross USD 19.70 billion by 2022.
An optical surface presents an ideal optical behaviour.
Thin film optics is a significant subject that encompasses the whole of optics and optical coating.
Commercially, the performance of an optical coating lies in the difference between the layer interfaces, thickness of individual layers, and presence of number of layers.Optical coating market is highly driven by the rise in use of AR coatings for camera, mobile, smartphones, solar cells, and corrective lenses.
Increasing use of application in electronics is expected to highly contribute to the market growth in the forecast period.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/optical-coating-market/request-sampleProduct segment for optical coating market includes anti-reflective coatings, high-reflective coatings, transparent conductive coatings and optical filter coatings.
Electronics and automotive segments account for a significant market share in the forecast period due to rise in demand and consumption.
