Optical Coatings Market | Key players operating in the market include Dupont, PPG Industries, Nippon Sheet Glass, ZEISS International, Newport Corp

According to recent market research "Optical Coatings Market by Technology, (Vacuum Deposition, E-Beam Evaporation, Sputtering Process, and Ion Assisted Deposition (IAD)), Type, End-Use Industry, and Region (APAC, North America, Europe, and Rest of World) - Global Forecasts to 2026", size is estimated at USD 12.6 billion in 2021 and is projected to reach USD 19.0 billion by 2026, at a CAGR of 8.5%. The optical coatings market is witnessing high growth owing to increasing demand for renewable energy applications and emerging demand for optical coatings from APAC.

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The optical coatings market is segmented on the basis of technology into vacuum deposition, E-beam evaporation, sputtering process, and ion-assisted deposition (IAD). Vacuum Deposition holds the major market share of the overall optical coatings market owing to its ability to cure at room temperatures, improved reliability, and increased thermal and mechanical strength of electronic devices.

The optical coatings market is segmented on the basis of type into AR coatings, high reflective coatings, transparent conductive coatings, filter coatings, beamsplitter coatings, EC coatings, and others. AR coatings type segment holds major market share of the overall optical coatings market owing to its ability to provide high-quality coatings with high transmission power and low reflection power on components such as lenses, mirrors, and display screens used in various industrial and consumer applications. These factors are fueling the growth of AR coatings in the global optical coatings market.

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The global optical coatings market size is estimated at USD 12.6 billion in 2021 and is projected to reach USD 19.0 billion by 2026, at a CAGR of 8.5%, between 2021 and 2026. Optical coatings are a process of blending a thin layer of films on optical components, such as lens and mirrors, to intensify the reflection and transmission characteristics of the optical system. They normally contain layers of various metallic and dielectric materials such as titanium dioxide, silicon dioxide, and aluminum piled together according to the end-use application. Optical coatings are thin layers of special materials deposited on various optical components and devices that are used as alternatives to traditional coatings, which are used to enhance the reflection and transmission properties of the component's surface. They are mostly used in coating lenses and mirrors. These coatings are also used for minimizing dispersion, increasing surface quality, and minimizing surface reflectance of components used in the electronics & semiconductor, military & defense, and transportation industries.

The key players in the optical coatings market are Dupont (US), PPG Industries Ohio, Inc. (US), Nippon Sheet Glass Co., Ltd. (Japan), ZEISS International (Germany), Newport Corporation (US), Inrad Optics (US), Inc., Artemis Optical Limited (UK), Abrisa Technologies (US), Reynard Corporation (US), II-VI Aerospace & Defense (US), and others. The optical coatings market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments, and collaborations.

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DuPont (US) is a specialty materials, chemicals, and agricultural products company. Electronics & Imaging, Nutrition & Biosciences, Transportation & Industrial, Safety & Construction, and Non-Core are the company's segments. The company provides optical coating solution under the Lithography Materials and Services segment of the Semiconductor Fabrication and Packaging Materials. It has a global presence across North America, Asia Pacific, Europe & Middle East, South America, and Africa.

PPG Industries Ohio, Inc. (US) is a paint, coatings, and specialty materials manufacturer and distributor. PPG strives to be a leader in creativity, sustainability, community involvement, and the creation of cutting-edge paint, coatings, and specialty materials technologies. With manufacturing facilities and equity affiliates in more than 70 countries, PPG serves customers in the construction, consumer goods, industrial, and transportation sectors, as well as aftermarkets. It provides coatings and specialized materials to consumers for a variety of applications, including construction machinery and parts, packaging, aircraft and marine equipment, automotive original equipment, automotive refinish, pavement marking products, and other industrial and consumer products. PPG also provides coatings to painting and repair contractors, as well as directly to consumers for decoration and maintenance, for commercial and residential new construction and maintenance. PPG's operations are divided into two reportable segments, namely, Performance Coatings and Industrial Coatings.

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