An optical coating is one or more thin layers of material deposited on an optical component such as a lens or mirror, which alters the way in which the optic reflects and transmits light. One type of optical coating is an antireflection coating, which reduces unwanted reflections from surfaces, and is commonly used on spectacle and photographic lenses. Another type is the high-reflector coating which can be used to produce mirrors which reflect greater than 99.99% of the light which falls 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 optical filters.
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Optical coatings are thin film layers which are coated on various substrates including glass, plastic, polymers and metal to improve the light transmissivity and reduce reflection. The report points out that the rapid growth of the global smartphone market, along with the huge demand for renewable energy, has propelled the growth of the global optical coatings market. Increasing popularity in construction activities coupled with rising use of optically coated glass in infrastructure development is expected to augment demand over the forecast period. However, fluctuating raw material price is expected to restrain development in the near future.
In terms of applications, the global optical coatings market has been segmented into defense/security, electronics, solar, infrastructure, and others. Increasing applications in the field of solar power generation, along with the rise in the usage of smartphones, will propel the growth of the market. The infrastructure segment has dominated the overall market and is anticipated to be the leading application segment in the coming years.
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Global Optical Coating Market: Region Outlook
Regions covered in report
- North America
North America region is estimated to be the largest market for optical coatings globally. This is mainly attributed to the presence of large number of optical coating manufacturers, increasing number of patents, and growing demand of AR, high reflective, and filter coatings in the region. U.S. dominates the market due to growth of optical coatings in end-use industries such as electronics & semiconductor, infrastructure, military & defense, and numerous developmental strategies adopted by the manufacturers.
During the forecast horizon, Asia Pacific is expected to witness the fastest growth. The rapid growth of the regional market can be attributed to the high GDP growth rate and rise in disposable income, leading to the demand for optical coatings across various end-use applications.
Global Optical Coatings Market: Key Players Analysis
Some of the key players in the global optical coatings market such as JDSU, Inrad Optics, Newport Corporation, Optical Coatings Japan, Abrisa Technologies, Denton Vacuum LLC, PPG Industries, Janos Technology Inc., 3M Precision Optics, and Ophir Optronics Ltd are profiled in the report.
The report includes the Optical Coating basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes; cost structures and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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