The global optical coatings market size is projected to be valued at USD 20.43 billion by 2027, expanding at a CAGR of 5.6% from 2020 to 2027.
The latest report on optical coatings market by Precedence Research, Market Insight, Overview By Industry Top Manufactures, Size, Trends, Industry Growth Analysis & Forecast till 2027. The research report offers complete information related to market growth, demand and supply, opportunities and research updates in the optical coatings market.
The report analyzes and forecasts the optical coatings market at a global and regional level. The study includes drivers and restraints of this market. The study provides an analysis of the global optical coatings market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Significant growth in the demand for consumer electronic devices such as tablets, smartphones, smartwatches, and smart televisions estimated to drive the market growth. Rapid urbanization that results in changes in the consumer lifestyle expected to offer lucrative growth opportunities for smart consumer electronic products over the forecast period. In addition, rise in demand for clean and green generation along with smart and green products across various industries such as construction, automotive, and others expected to further propel the market growth over the upcoming years.
However, volatility in the price of raw materials is one of the major concerns that further affect the overall prices of optical coatings products. This decreases the profitability ratio for manufacturers as well as increases the total market costs for the product, thus restricting the market growth. Although metal prices are witnessed to have a declining trend in the past few years, sudden fluctuation in prices may have a negative impact on the market growth.
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North America led the global market accounting for a value share of more than 37% in 2019 owing to prominent growth of solar industry particularly in the U.S.
The Asia Pacific estimated to exhibit significant growth over the upcoming years because of rising demand for consumer electronics along with immense opportunity from automotive and manufacturing sectors
The anti-reflective product segment dominated the market accounting for over 30% share of the overall revenue in 2019 due to its increasing application in display screens, magnifying lenses, and eyeglasses
Conductive coatings segment estimated to exhibits lucrative growth over the forthcoming years because of its large-scale application in solar panels
Consumer electronics captured major market share in the global market accounting for over 33% of value in 2019 due to rapid growth in demand for smartphones and rising disposable income of consumers
Automotive industry is the other most important application segment for the market owing to its application in speedometer display and other components in the automotive industry
The optical coatings industry offer enormous growth potential for the industry participants to strengthen their footprint in the emerging and flourishing end-use markets such as solar, automotive, green building construction, telecommunication, and many more. Most of these players have integrated their distribution operation and raw material production sectors to maintain the product quality along with expanding their geographical reach. Apart from this, several industry participants are immensely focusing towards research & development (R&D) activity to create product differentiation in the market as well as to strengthen their foothold on the global scale.
Some of the key players operating in the market are Cascade Optical Corporation, Alluxa, Inc., Chroma Technology Corp., Optical Coatings Japan, Berliner Glas, Inrad Optics, PPG Industries Inc., Schott Ag, Viavi Solutions Inc., and Abrisa Technologies among others.
Aerospace & Defense
- North America (United States, Canada)
- Europe (Germany, France, UK, Italy, Russia and Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia, Korea and Rest of Asia Pacific)
- Latin America (Brazil and Rest of Latin America)
- The Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
What Our Report Offers:
1. optical coatings market estimates of all the key segments, sub-segments, and the regional markets from 2020 to 2027.
2. Market Trends (Drivers, Restraints, Opportunities, Threats, Challenges, Investment Analysis, and Key Proposals).
3. Market share appraisals for all the local and the global regional segments.
4. Strategic recommendations in optical coatings key business sections in light of the market estimations.
5. Competitive analysis detailing the key growth trends and inclinations.
6. Market share and size of all the foremost industry players.
7. Strategic proposals for the new participants.
8. Company profiling with comprehensive approaches and methodologies, financials, and latest technological developments.
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