Global Optical Coatings Market 2017-2021

Overview of the optical coatings market

Extensive research carried out by the analysts at Technavio has shown that the global optical coatings market will witness impressive growth and will post a staggering CAGR of close to 8% during the forecast period. The augmented demand for optical coatings in the solar power industry is one of the major factors driving this market's growth. Optical coatings improve the efficiency of solar panels and decrease the non-renewable energy dependence. Various solar thermal control coatings are also used in solar cells, detectors, and solar panels. The increase in the number of government supports, initiatives, and subsidies for solar power energy generation is the key driver for the optical coatings market in the solar power sector. Moreover, the reduction in excise and customs duties for the solar parts and components and increasing investments in the solar power industry in China and India will boost this market's growth in the coming years.

In terms of geography, North Americas led the global optical coatings market during 2016 and will continue to lead the market during the forecast period. The growth of this segment is attributed to the growth in the consumer electronics, automotive, and military and defense sectors. The US, Canada, and Mexico are the key revenue contributing countries in the region. Stringent government regulations in these countries for the construction of energy-efficient buildings will propel the demand for optical coatings in the near future.  

Competitive landscape and key vendors

The global optical coatings market is highly fragmented owing to the presence of several global players, along with regional and local players. There is an increasing rivalry among vendors with the purpose of obtaining patents for optical coatings used in major application areas such as lenses, mirrors, glass, displays, and sensors. This is intensifying the competition in the market. The vendors are increasingly focusing on providing low-cost and high-quality optical coating components for several end-user industries such as telecommunication, medical, transportation, building and construction, electronics, solar power, and military and defense. The vendors compete on the basis of innovations and price and quality of the product.

Key vendors in this market are -

• Artemis Optical
• Newport
• PPG Industries
• SCHOTT
• ZEISS

Other prominent vendors in the market are Abrisa Technologies, AccuCoat, Align Optics, and Viavi Solutions.

Segmentation by type and analysis of the optical coatings market

• Anti-reflective coatings
• Optical filter coatings
• Transparent conductive coatings
• High-reflective coatings

The anti-reflective coatings segment was the highest revenue contributing segment in the optical coatings market during 2016 and will continue to dominate the market until the end of 2021. Anti-reflective coatings are highly useful in decreasing reflections from the optical surfaces, and thus, they are commonly used in spectacles and photographic lenses. Also, these coatings are preferred in electrical and optical applications because of effective reflection and glare reducing coating properties, which will contribute to this segment's growth.

Segmentation by application and analysis of the optical coatings market

• Consumer electronics
• Architecture
• Solar power
• Military and defense
• Automotive

In terms of revenue, the consumer electronics sector led the market and is likely to be dominant segment over the next four years. The growing demand for smartphones, touchscreens, and flat panel displays will boost this segment's growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global optical coatings market?
• What are the key market trends impacting the growth of the global optical coatings market?
• What are the challenges to market growth?
• Who are the key vendors in the global optical coatings market?
• What are the market opportunities and threats faced by the vendors in the global optical coatings market?
• What are the trending factors influencing the market shares of APAC, Europe, North America,  and ROW?
• What are the key outcomes of the five forces analysis of the global optical coatings market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Glass Ceramics Market 2016-2020
• Global Sunglasses Market 2016-2020
• Global Snow Goggles Market 2016-2020

From architectural glasses used in green buildings to the high-resolution displays of smartphones and tablet computers, optical coatings have found applications across various industries mainly due to their thermal insulation property that reduces energy consumption. Aimed at helping businesses in the chemicals and materials industry increase their revenue shares, the market research firm Technavio provides a comprehensive collection of industry research reports that cover various segments including paints, coatings, polymers, elastomers, and specialty chemicals.

By considering parameters such as the shift in customer preferences and by following a mix of proven research techniques, our market research experts identify the industry's growth prospects and provide detailed information on the demand for various products across different regions. The upcoming market research report on optical coatings for the forecast period of 2017 to 2021 will help clients understand the constantly changing supply landscape of the chemical and materials industry.

According to our experts, the constant demand for high-resolution displays in mobile devices such as smartphones and tablet computers will be one of the major factors driving market growth in the coming years. Moreover, the introduction of regulations that mandate the reduction of energy consumption in both residential and commercial buildings will also play a significant role in fueling market growth. To help businesses that focus on niche markets increase their revenue shares, Technavio also provides customized reports based on the requirements of its clients.

The upcoming industry research report for optical coatings also provides information on all the major factors that will drive as well as challenge the growth of the vendors in the industry. Furthermore, the report also presents detailed insights into the changing competitive landscape and gives clients a realistic picture of the future direction of the chemical and materials industry.