Optical coatings typically comprise of single or multiple layers of metallic, dielectric and other such materials piled together depending on the end-user application. Optical coatings are mostly employed in the production of optical devices to enhance their reflection and transmission properties. On the basis of product segments, the optical coatings can be segmented as anti-reflective coatings, filter coatings, transparent electrodes, reflective coatings and others. Some major applications of optical coatings include electronics, defense/security, infrastructure, solar and others. North America, Asia Pacific and Europe account for over 90% of the total demand for optical coatings.
Anti-reflective coatings were the largest product segment for optical coatings in 2012 with a market share of over 30%. Owing to the increasing demand for semiconductors and energy efficient infrastructure, transparent electrodes and reflective coatings are expected to be the fastest growing product segments for optical coatings in the coming years.
Infrastructure was the largest application segment for optical coatings and this dominance is expected to continue in the near future. The growing demand for energy-efficient homes, cool rooftops and other such features have led to increase in the demand for anti-reflective and reflective coatings. Driven by the growing threat of an energy crisis, there has been a significant increase in the number of government policies and incentives for the use of renewable sources of energy. Owing to which, the solar applications of optical coatings are expected to be the fastest growing application segment.
In 2012, North America had the highest demand for optical coatings and accounted for over 30% of the overall global demand. In North America, the demand for optical coatings is expected to be mainly driven by the growing demand for photovoltaic modules used in solar panels. However, the Asia Pacific region is expected to be the fastest growing region for the optical coatings market. High GDP growth rate leading to increase in the disposable income of people in the region is expected to be the most significant factor driving the demand for optical coatings in the region.
The optical coatings industry is highly fragmented and mainly dominated by regional players. Some of the major global players include 3M precision optics, PPG industries, Optical Coatings Japan, Newport Corporation and many others.
Optical coatings are thin layers of film on optical devices to enhance their transmission, reflection and other optical properties. Typically, optical coatings contain multiple layers of various dielectric and metallic materials such as silicon dioxide, titanium dioxide, aluminum, etc. piled together depending on the end-user application.
This report comprises in-depth analysis and forecast of the optical coatings market on a global as well as regional level. The report includes forecast for the period from 2013 to 2019 in terms of volume (kilo tons) and revenue (USD Million) for the regional and global markets. Quantitative data has been derived through extensive secondary research of the global optical coatings market. Secondary sources typically include company websites, relevant magazines, government documents and press releases among other reliable sources. A top down approach was followed to derive the regional numbers from global figures. Furthermore, bottom up approach was employed to derive data for various application segment based on the demand for optical coatings in each geographic segment. Combination of top down and bottom up approach helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure the accuracy of derived numbers.
Detailed analysis of various factors driving the global optical coatings market has been included for astute decision making. The impact of these drivers over the forecast period has been included with data to substantiate the research findings. Moreover, the factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the period of next six years. Opportunities comprise the untapped or recently explored factors that are anticipated to offer growth opportunities for the optical coatings market during the forecast period.
This report includes value chain analysis to understand the industry thoroughly. The value chain analysis comprises detailed evaluation of the roles of various entities involved in the optical coatings industry, from raw material supplier to the end-user. Various processes used for manufacturing of optical coatings also have been included in the value chain analysis. Porter’s five forces model has been used to determine the degree of competition in the industry during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Furthermore, market attractiveness analysis has been done to analyze the application segments that are expected to be lucrative during the forecast period on the basis of various factors including market size, growth rate, profitability, raw material procurement and competition in each application segment.
The optical coatings market has been segmented on the basis of product type and application. On the basis of product type, the market has been segmented as anti-reflective coatings, filter coatings, transparent electrodes, reflective coatings and others including anti glare coatings. On the basis of application, optical coatings market has been segmented as electronics, defense/security, infrastructure, solar and other applications including medical equipment. Detailed analysis for all segments in the regional and global markets and forecast based on current and future trends of the industry in terms of volume (kilo tons) and revenue (USD million) have been included in the report. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW).
The report also covers profiles of leading companies in the optical coatings industry including detailed analysis of the market share of key players. Companies profiled in the report include PPG Industries, 3M Precision Optics and Ophir Optronics Ltd. Various attributes of these companies such accompany overview, financial overview, SWOT analysis, business strategies and recent developments form the core of the company profiles section.
The optical coatings market has been segmented as below:
Optical Coatings Market: Product Segment Analysis
- Anti-Reflective Coatings
- Filter coatings
- Transparent Electrodes
- Reflective Coatings
Optical Coatings Market: Application Analysis
The report provides a cross-sectional analysis of the above product and applications segments with respect to the following regions:
- North America
- Asia Pacific
- Rest of the World