The Need For Optical Film Coatings 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.
The Global Optical Film Coatings Market Is Forecast To Reach USD 28.63 Billion By 2027, According To A New Report By Reports And Data. Optical Film Coatings Refer To Thin-Film Layers On Optical Devices To Improve Their Reflection, Transmission, And Other Visual Characteristics. Optical Film Coatings 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.
Due to the growing use of the product for roofing applications in the construction industry due to factors such as prevention of direct sunlight exposure on the roof and reduction of cooling costs, reflective coatings formed the second largest product category, which is expected to propel market growth over the forecast period. In emerging economies such as South Africa, Mexico, Brazil, India, and China, demand for commercial and passenger cars has risen in light of improving living standards and population growth. It is expected to support the automotive coating industry, which is expected to fuel demand for Optical Film Coatings. Also, growing demands for protection against dust, pollution, UV radiation, and harsh environment are expected to drive market growth in the coming years.
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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 Findings From The Report Suggest
- 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 Film Coatings 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 Film Coatings 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.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest Of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of APAC)
- Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of MEA)
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Market Segmentation:
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
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Table Of Contents:
Report Overview
1.1 Research Scope
1.2 Key Optical Film Coatings Market Segments
1.3 Major Players
1.4 Market Analysis By Product Type
1.5 Market Analysis By Application
1.6 Report Timeline
Global Growth Trends
2.1 Global Optical Film Coatings Market Size
2.2 Latest Regional Market Trends
2.3 Emerging Growth Trends
Competitive Outlook
3.1 Global Optical Film Coatings Market Key Players
3.2 Global Optical Film Coatings Size By Manufacturers
3.3 Products Of Major Players
3.4 Entry Barriers In The Optical Film Coatings Market
3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances
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