Optical Coating Market

Global Optical Coating Market is valued at USD 12.57 Billion in 2021 and is expected to reach USD 22.53 Billion by 2028 with a CAGR of 8.7% over the forecast period.

Global Optical Coating Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028- Growing demand from the solar power sector and rising number of technological advancements in the optical coating fabrication process are the major factors driving the growth of the Global Optical Coating Market.

Scope-

Optical coatings typically consist of thin films made up of single or multiple layers of either metallic or dielectric materials and can dramatically modify the reflection and transmission properties of an optical component if properly designed and fabricated. Optical coatings are designed for a specific incident angle of light and for a specific polarization of light such as S-polarized, P-polarized, or random polarization. The properties can be controlled from the deep UV to the IR with narrowband, broadband, or multi-band response, and can be polarization sensitive. 

Covid-19 has negatively impacted the growth of the optical coating market. The pandemic badly affected on various factors and platforms. In addition, in the pandemic situation to decrease the threat of covid-19 infection spread, governments are applying several rules and regulations. Several restrictions like, lockdowns, transportation restrictions, social distancing, and other restrictions are majorly affected. Optical coating manufacturers were affected in 2020 by business closure orders and also there was the disturbance in the supply chain network.

The optical coating market is segmented based on optical type, technology, end-use industry, and geography. Based on type, the optical coating market is segmented into antireflection coatings, high reflection coatings, beamsplitter coatings, transparent conductive coatings, electrochromic coatings, filter coatings and partial reflection coating. Based on technology, the market is segmented into vacuum deposition technology, e beam evaporation technology, sputtering technology, ion assit deposition technology and others. Based on end-use industry, the optical coating market is segmented into electronics and semiconductor, military and defense, automotive, construction, solar, medical and others.

The regions covered in this Optical Coating market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of Optical Coating is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players-

• I. Dupont De Nemours Company
• PPG Industries
• Zeiss Group
• Nippon Sheet Glass Co., Ltd.
• Abrisa Technologies
• Newport Corporation
• Inrad Optical, Inc.
• Reynad Corporation
• Artemis Optical Ltd.
• II-VI Optical Systems

Segmentation-

By Type

• Antireflection Coatings
• High Reflection Coatings
• Beamsplitter Coatings
• Transparent Conductive Coatings
• Electrochromic Coatings
• Filter Coatings
• Partial Reflection Coating

By Technology

• Vacuum Deposition Technology
• E Beam Evaporation Technology
• Sputtering Technology
• Ion assit deposition Technology
• Others

By End Use Industry

• Electronics and Semiconductor
• Military and Defense
• Automotive
• Construction
• Solar
• Medical
• Other

Market Dynamics-

With the optical coating applied on the surface, the occurrence of surface radiation can be divided into propagation, reflection and absorption in the prescribed manner. Thus, coatings affect radiation control and increase the collection, conversion and conservation of solar energy. Thin film optical coatings play a key role in the development of efficient, lightweight, flexible solar energy arrays for future space applications. Many systems have been developed that use solar energy conversion systems to convert solar light into electricity. Some of these systems, commonly referred to as integrated photovoltaic systems, rely on lenses or one or more mirrors that direct or focus sunlight on a photovoltaic element that converts light directly into electricity. Typically, the system can be designed on a commercial building such as an office building or a large retail store or as a utility-scale system. A wide variety of solar energy systems have been developed for these diverse applications. A common problem in deserts is the accumulation of dust on the exposed surfaces of optical components of the solar power system. Dust typically reduces optical efficiency by causing incident light to scatter rather than being focused or reflected by a solar optical element on a solar energy conversion device. For example; the net zero emissions situation by 2050 represents an average annual production growth of 24% between 2020 and 2030, which is related to the addition of 630GW net capacity in 2030. Coating can be applied to many exposed surfaces of solar optical components. In some embodiments, coating can be applied in the field to optical components installed in existing solar energy conversion systems. Optical coatings are layers of material deposited on a surface to reflect or filter light at different wavelengths. They are an integral part of almost every optical instrument, from spectacles to binoculars.

In addition, growing demand for optical coating in semiconductor, high-temperature lamp tubes, telecommunications and other industries is also supplementing the market growth. It is used in the electronics and semiconductor industries to face high-temperature gradient and high rates of heat transfer in rapid thermal processing, which are commonly applied to printed circuit board (PCB) coatings, and other. These coatings also enable certain parts of a semiconductor to withstand the extreme temperatures of the wafer process. In addition, the increasing growth of electronics and semiconductor industries has also supplement the use of new generation wafers in semiconductors, which is also expected to augument the demand for high purity optical coatings. For example; semiconductor revenue has totalled approximately $474.6 billion in 2018, a 12.5 percent increase from 2017. Additionally, optical coatings are used to better reflect certain wavelengths of light from lenses and other devices or, conversely, to better transmit certain wavelengths through them. Although they are found on everyday objects such as camera lenses, sunglasses, mirrors and lightbulbs to reflect or block out harmful blue light and ultraviolet rays, no previous optical coating has been able to simultaneously reflect and transmit the same wavelength, or colour.

However, fluctuation in raw material prices may hamper the growth of the optical coating market. In spite of that, the emergence of new technologies in optical coating may create more opportunities for the further growth of the global optical coating market.

News-

VSP Optics Launched New Techshield Anti-Reflective Coatings

November 5^th,2021; VSP Optics announced, the launch of new TechShield Anti-Reflective (AR) Coatings. As part of its ongoing commitment to provide eye care professionals with innovative, high-quality products, TechShield AR Coatings now offer patients greater clarity, scratch resistance, smudge resistance, and cleanability.

Regional Analysis–

North America is expected to dominate the global optical coatings market during the forecast period which can be attributed to the growing demand in the electronics and semiconductor industries and the rising contribution by the government and key players to the commercialize the optical coatings in this region. Furthermore, Europe is foot forwarding in to the solar power plant investments and it makes major requirement of optical coating market. For example; Germany has over 1.86 million energy generating solar photovoltaic sites.

Asia Pacific is expected to show the fastest growth in the global optical coating market due to the increasing investment into the solar power sector and rising growth of electronics and semiconductor industry in this region. Solar energy has become the most profitable source of available new energy and is playing a major role in efforts to de-carbonize markets in the Asia-Pacific region. In the recent years, governments have taken initiative to invest into solar plant for generating light from the natural source. For example; Asia Pacific held a share of 58.9% in the global solar PV market in terms of cumulative capacity. China, government plans to increase the cumulative renewable capacity to 175 GW by March 2022, which includes 100 GW from solar resources. In November 2019, the government announced plans to further increase the country’s renewable capacity to 450GW by 2030.

On Special Requirement Optical Coating Market Report is also available for the below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 12.57 Billion
Base year considered	2021
Forecast Period CAGR %:	8.7%
Market Size Expected in 2028:	USD 22.53 Billion
Tables, Charts & Figures:	175
Pages	196
Optical Coating Companies	E.I. Dupont De Nemours Company, PPG Industries, Zeiss Group, Nippon Sheet Glass Co., Ltd., Abrisa Technologies, Newport Corporation, Inrad Optical, Inc., Reynad Corporation, Artemis Optical Ltd., and II-VI Optical Systems. Other
Segments Covered	By Type, By Technology, By End Use Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa