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Optical Coating Market 2019 Comprehensive analysis with Top Key Players like Edmund Optics Inc. (US), Thorlabs Inc., (US), Angstrom Engineering (Canada), Optiforms, Inc. (US) and More..

02-06-2019 06:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Reports Monitor

Optical Coating Market

Optical Coating Market

Optical Coating Market

Optical coatings are manufactured by depositing metallic or dielectric materials on optical surfaces, such as lenses, to improve reflection, transmission, and other optical properties. These coatings involve deposition of thin layers on the optical component in such a way that the interference modifies reflection, absorption, polarization, and transmission characteristics of the system. The performance of optical coating depends on the coating material, thickness of different layers, number of layers, and the difference in refractive index at the layer interface.

Download Research Study With Latest Advancement Trends and Application @ https://www.reportsmonitor.com/report/326926/Optical-Coating-Market

Global Optical Coating market 2019 research lays out the knowledge to achieve positive growth and presents different methods for maximizing your profit. The market study puts forward estimates for Global Optical Coating Market 2019 analysis and Forecast till 2025. Some of the leading Companies incorporated in this Research are Edmund Optics Inc. (US), Thorlabs Inc., (US), Angstrom Engineering (Canada), Optiforms, Inc. (US), AbrisaTechnologies (US), Carl Zeiss Jena GmbH (Germany), Inrad Optics (US), MKS Instruments (US), Reynard Corporation (US), PPG Industries, Inc. (US), Optics Balzers AG (Liechtenstein), AMETEK.Inc. (US), II-VI Incorporated (US), DowDuPont, Inc. (US), Berliner Glas Group (Germany), and Optical Coatings Japan (Japan).

Scope of the Report:

According to MRFR analysis, the global optical coatings market is projected to reach USD 11,788.3 million by 2023 at a CAGR of 7.07% during the review period. The surging demand for optical coatings from the growing consumer electronics industry is expected to drive the growth of the global market. Furthermore, advancement in technology in the optical coating fabrication process and the increasing adoption of optical coatings in the automobile industry are further projected to favor the global market growth.

Based on type, the anti-reflective coatings segment accounted for the largest market share of 28.45% in 2017 and is expected to reach USD 3,428.5 million by 2023 owing to their enhanced glare-reducing properties, and improved transmission power of the optical components. By coating method, the vacuum deposition/evaporative deposition segment dominated the global market and was valued at USD 3,833.7 million in 2017 and is projected to register a CAGR of 6.64% during the review period.

The vacuum deposition/evaporative deposition technology offers high mechanical strength, reliability, and thermal stability to the optical components. On the basis of coating material, the metallic materials segment was the largest and held market share of 54.04% in 2017, but the dielectric materials segment is poised to exhibit a higher CAGR of 6.64% during the forecast period.

Based on end-use industry, the electronics & telecommunication segment held the largest market share of 35.18% in 2017 due to the growing demand for optical coatings in various applications such as PCB coating, LED lighting, fluorescent lighting, and optical storage devices. The increasing demand for vacuum deposition technology in the medical and solar energy sectors is likely to create significant opportunities for the market players.

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Regional Analysis:

The global optical coatings market has been analyzed across five key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The Asia-Pacific market accounted for the largest market share of 34.36% and was valued at USD 2,736.7 million in 2017 and is expected to register the highest CAGR of 8.21% during the forecast period. This is attributed to the growing investments in the solar power sector and reduced solar power costs in the region. China held the largest market share of 40.42% in 2017 and is expected to reach USD 1,807.8 million by 2023 owing to large consumer base and high solar photovoltaic (PV) capacity. The North American market was the second-largest, valued at USD 2,236.3 million in 2017 and is expected to register a healthy CAGR of 6.61% during the forecast period.

Key Findings:

As per MRFR analysis, the global optical coatings market is projected to reach USD 11,788.3 million at a robust CAGR of 7.07% during the assessment period.

By type, the anti-reflective coatings segment dominated the global market with 28.45% market share and was valued at USD 2,266.0 million in 2017.Based on coating method, the vacuum deposition/evaporative deposition segment accounted for the largest market share of 48.13% in 2017 and is expected to exhibit a healthy CAGR of 6.64% by 2023.On the basis of coating material, the metallic materials segment accounted for the largest market share of 54.04% in 2017 and is expected to reach USD 6,217.5 million during the forecast period.

By end-use industry, the electronics & telecommunication segment was the largest, valued at USD 2,802.0 million in 2017 and is estimated to exhibit a CAGR of 6.63% during the review period.Asia-Pacific is a growing market for the key market players during the forecast period and accounted the largest market share of 34.36% in 2017. This is attributed to the increasing investments in the solar energy industry by the governments in developing countries, large consumer base, and growing electronics & telecommunication industry.

Intended Audience

Optical coating manufacturers
Suppliers and distributors
Potential investors
Raw material suppliers
Associations
Governments
End-use industries
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