Optical  Coating  Market  Analysis, Trends, Growth, Size, Share and Forecast 2022 to 2030

Market Overview

The global optical coating market is anticipated to surpass a valuation of USD 11,700 million, during the forecast period of 2021-2030, at a global CAGR of 8.5%. Market Research Future (MRFR) reveals in a detailed report. Optical coatings are extensively used in several applications, including UV resistance, anti-glare chemical resistance, and scratch & abrasion protection.

Market Potential and Pitfalls

The global optical coating market is witnessing positive growth trends owing to the surging use of coatings on precision optics. The increasing call for refractive optics, which can be used to minimize unwanted reflections and increase throughput is encouraging the growth of optical coating market globally. Soaring demand for consumer electronics and constantly changing lifestyle of consumers are some of the major factors contributing to the market growth. Increasing focus on electricity generation through clean sources will further enhance the market growth.

Research and development of fabrication and material technologies are likely to augment the market growth across the globe. Surging demand for optical coatings for biomedical, genetic analysis, sensors, and micro-optical systems is further estimated to fuel the market growth. Moreover, increased prominence of optical systems in the defense sector is considered a major propelling factor of the market.

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On the contrary, strict government norms, coupled with the concerns related to waste disposal, are considered to restrict the optical coating market growth in the foreseeable future.

Global Optical Coating Market: Segmental Analysis

The optical coating market has been segmented on the basis of type, coating method, coating material, and end use industry.

By type, the optical coating market is segmented into anti-reflective coatings, beam-splitter coatings, transparent conductive coatings, electrochromic coatings, partial reflective coatings, high-reflective coatings, filter coatings, and others. Of these, the anti-reflective coatings market is likely to command the largest share owing to its huge applicability in consumer electronics for display units, power, memory, and microprocessors. Moreover, soaring use of anti-reflective coatings as an anti-glare layer in kiosk displays, eyewear, video games, binoculars, and others are likely to drive the market in the segment.

By coating methods, the optical coating market is segmented into sputter deposition, vacuum deposition/evaporation deposition, and others.

By coating material, the market is classified into dielectric materials and metallic materials.

By end use industry, the market is segmented into aerospace & defense, automotive, solar, healthcare, electronics & telecommunication, and others.

Regional Analysis

By region, the global optical coatings market report covers the recent trends and growth opportunities across the North America, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the APAC region is predicted to command the largest share in the market during the forecast period. Factors adding to the optical coatings market growth in the region include people’s varying lifestyle, increasing use in solar energy, growing demand for various consumer electronics products such as personal computers, video games console, LED screens, cameras, tablets, and mobiles, and rising youth population.

The global optical coatings market in North America is predicted to hold the second-largest share during the forecast period. Factors adding to the growth of the optical coatings market in the region include the growing solar industry especially in the US, focus to develop domestic industries, and rise in US defense budget. Besides, North America is a hub for small-scale and mid-scale medical equipment companies and presence of industries such as software development, biotechnology, microelectronics, and instrumentation, and advances in medical devices are also adding market growth.

The global optical coatings market in Europe is predicted to have notable growth during the forecast period for development of advanced technologies and presence of key market players.

The global optical coatings market in the MEA and Latin America will have a small share during the forecast period.

Industry Updates

July 2019: TruTag Technologies, Inc. and Colorcon has recently executed a development agreement, which allows on-dose verification technology for tablets by combining silica-based micro tag authentication technology of TruTag with Colorcon’s expertise in film coating systems.

Competitive Dashboard

The players operating in the global optical coating market include Thorlabs Inc, Edmund Optics Inc, Optiforms Inc, Angstrom Engineering Inc, Carl Zeiss Jena GmbH, Abrisa Technologies, MKS Instruments, Inrad Optics, PPG Industries, Reynard Corporation, AMETEK, Optics Balzers AG, DowDuPont Inc, II-VI Incorporation, Berliner Glas, and Optical Coatings Japan.

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