Data Bridge Market Research analyses that the Optical Coatings 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.
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.
Recent Development
- In April 2021, Newport Corporation has acquired all the outstanding shares of Coherent, Inc. for USD 250 per share, USD 115 in shares and composed of USD 135 in cash.
- In September 2020, DuPont Electronics and Imaging announced the completion of a new plant dedicated to liquid polyimide (P.I.) for flexible display substrates and also response to the flexible display market's rapidly growing consumer business needs.
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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 Regional Analysis/Insights
The optical coating market is analysed and market size insights and trends are provided by country, technology product type, application as referenced above.
The countries covered in the optical coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the optical coating market in terms of revenue in the forecast period. This is because of increasing demand for optical coating in this region. The North America region leads the optical coating market due to increasing demand for optical coating from many sectors such as building and defence, solar and construction in this region.
During the projected period, Asia-Pacific is expected to be the fastest developing region due to growing standard of life and increasing production facilities in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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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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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