Optical Coatings Market Segmentation,Recent Trade Survey, Company Analysis 2021-2026

Global Optical Coatings Market Size, Status And Forecast 2021-2026

MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Optical Coatings market, forecast for 2021-2026, covering all aspects of the market and providing up-to-date data on current trends.

The market for optical coatings is expected to grow at a CAGR of more than 8% during the forecast period. Major factors driving the market studied are growing demand from the solar power sector and technological advancements in the optical coatings fabrication process.

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With our Optical Coatings market research reports, we offer a comprehensive overview of this sector and its dynamics. We have done extensive research on this topic and are confident that our findings will be helpful for anyone who needs some guidance or direction when making important decisions related to their company’s future growth strategy.

Top Companies in the Global Optical Coatings Market: 3M, Edmund Optics Inc., PPG Industries Inc, Nippon Sheet Glass & Co. Ltd., ZEISS International, among others.

Regional Analysis For Optical Coatings Market:

For comprehensive understanding of market dynamics, the global Optical Coatings market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Anti-reflective (AR) coatings to Dominate the Market
- Anti-reflective (AR) coatings are one of the most widely consumed coatings on lenses, where less reflection is required. AR coatings are applied through the ion-beam sputtering process. These coatings increase the efficiency of transmission by decreasing the Fresnel reflections of the lens or on an applied surface.
- AR coatings are resistant to physical and environmental damage, as compared to other coatings. In addition, they serve a wide range of applications, ranging from general use spectacles to astronomy applications.
- Anti-reflection coatings are also largely preferred for laser operations. These are very beneficial on high-index lenses that reflect more light than the regular lenses. AR coatings reflect almost 50% more light hitting the lens than normal coatings, thus, decreasing the damage to eyes.
- AR coatings can be further classified on the basis of application, as single AR coating, double AR coating, triple AR coating, broadband AR coating, multiple AR coating, and wide-angle AR coating. These coatings are applied according to the wavelength area required.
- However, the usage of coating outside the wavelength range may decrease the performance of the lens or the surface it is being applied.
- Other end-user industries consuming AR coatings include construction, defense, and telecommunication. In defense operations, these coatings are used in windows of helicopters, cameras, and other vision equipment, including surveillance and target acquisition.
- The Asia-Pacific region is growing rapidly in the fields of telecommunication, solar, and defense, thereby providing opportunities to the anti-reflective coatings segment. Moreover, the rapidly growing construction industry in Asia-Pacific is also likely to contribute to the growth of these coatings.
- Europe possesses one of the largest markets for anti-reflective coatings, due to the established defense and solar energy market. The German defense industry is one of the largest defense industries across the world. In addition, the defense plan of expanding the team to a major extent is likely to augment the demand for various equipment used. This, in turn, is estimated to boost the demand for anti-reflective coatings in the next few years.
- Hence, with such numerous applications of anti-reflective coatings in industries, like construction, defense, and telecommunication, the market for optical coatings is expected to witness positive growth during the forecast period.

China to Dominate the Asia-Pacific Region
- China is expected to witness healthy growth in the demand for optical coatings during the forecast period, considering the expected noticeable growth of the automotive, construction, solar, electronics, and other industries in the country.
- With the growth in such industries, the demand for optical coatings is expected to increase from these industries for varied applications.
- China serves to be the largest producer of vehicles in the world. It is also the world's largest manufacturing economy and exporter of goods. The country�s major exports include automotive, electronics, semiconductors, etc.
- China is majorly focusing on increasing the production and sale of electric vehicles in the country. For this purpose, the country has planned to increase the production of electric vehicles (EVs) to 2 million a year by 2020, and 7 million a year by 2025. The target, if achieved, is likely to increase the share of electric vehicles to 20% of the total new car production for China, by 2025.

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