The need for Optical Coating is expected to be powered globally by the growing smart consumer electronics industry. Increasing emphasis on producing electricity from renewable sources is also expected to drive demand for the product.
Optical Coating Market Size – USD 14.53 Billion in 2019, Growth - CAGR of 8.8%, Trends – High demand from developing nations.
The global Optical Coating market is forecast to reach USD 28.63 Billion by 2027, according to a new report by Reports and Data. Optical Coating refer to thin-film layers on optical devices to improve their reflection, transmission, and other visual characteristics. Optical Coating generally contain multiple layers of different metallic and dielectric materials, such as silicon dioxide, titanium dioxide, and others piled together according to the specific end-use application. Nonetheless, raw materials related to environmental issues are likely to limit the overall demand.
Consumer electronic devices include smartphones, laptops, phablets, smartwatches, and smart TVs. Rapid urbanization leading to changes in consumer habits is expected to create lucrative opportunities for smart consumer electronic devices. This is likely to result in increased use of Optical Coating, as they have outstanding properties of visual display and impact resistance. The Asia Pacific is a primary consumer electronics market, owing to the presence of numerous key players. The region's demand has moved towards countries in Southeast Asia, a trend that is likely to continue over the forecasted timeframe.
Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/3304
Top Companies: Newport Corporation, DuPont, PPG Industries, ZEISS Group, Abrisa Technologies, Nippon Sheet Glass Co., Cascade Optical Corporation, Schott AG, Inrad Optics, and Alluxa Inc., among others.
Further Key Finding from the Report Suggestion:
- Based on the product, conductive generated a revenue of USD 01.96 billion in 2019. It projected to rise with a CAGR of 9.1% in the forecast period owing to the increasing focus on the production of renewable energy sources, along with massive investments in solar energy generation.
- The vacuum deposition technology expected to grow with a CAGR of 9.1% in the forecasted period, owing to its superior working properties, such as being robust, curing at room temperature, that also gives the optical part a greater mechanical strength thermal stability.
- The consumer electronics application is the major contributor to the Optical Coating market. The consumer electronics field of the North America region is the major shareholder of the market and held around 31.0% of the market in the year 2019, owing to the rapidly increasing demand for smartphones and growing customer disposable income coupled with technological advancements in the digital television and smart consumer devices sector.
- The North America dominated the market for Optical Coating in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The North America region held approximately 36.1% of the market, followed by Europe, which contains around 26.5% market in the year 2019.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
Download Summary: https://www.reportsanddata.com/download-summary-form/3304
The global Optical Coating market is segmented into:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Anti-reflective
- Reflective
- Filter
- Conductive
- Electrochromic
- Others
Technology Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Sputtering Process
- E-Beam Evaporation
- Ion-Assisted Deposition (IAD)
- Vacuum Deposition
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Consumer Electronics
- Solar
- Medical
- Architecture
- Aerospace Defense
- Automotive
- Telecommunication
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
Request a customization of the report https://www.reportsanddata.com/request-customization-form/3304
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Browse More Reports:
Ruthenium Market https://www.reportsanddata.com/report-detail/ruthenium-market
Molybdenum Disulfide Market https://www.reportsanddata.com/report-detail/molybdenum-disulfide-market
Methyl Methacrylate Market https://www.reportsanddata.com/report-detail/methyl-methacrylate-market
Vinyl Acetate Monomer Market https://www.reportsanddata.com/report-detail/vinyl-acetate-monomer-market
Non-Phthalate Plasticizers Market https://www.reportsanddata.com/report-detail/non-phthalate-plasticizers-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
