Global Thin Film Coatings Market: Introduction
- Thin film coatings are applied on optical surface to modify the transmittance and reflectance properties of the substrate on which these thin film coatings are applied. Thin film coatings are deposited by various depositing techniques, such as PVD (Physical Vapor Deposition), CVD (Chemical Vapor Deposition), and sputtering, among other techniques. Thin films coatings are coated on the substrate to increase their insulation or conduction, and provide protection from light or create a reflective surface.
- Thin film coatings are widely used in variety of applications such as optical devices, mirrors, semiconductor devices, magnetic media, and food wrap to provide a specific performance characteristic due to their physical and chemical attributes such as prevention of corrosion, antistatic properties, and adhesion properties.
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Key Drivers of Global Thin Film Coatings Market
- Increasing demand for flexible display & batteries due to rising technological advancements in consumer electronics is anticipated to grow the demand for thin film coatings as these are used to form optical coatings on these electronic devices.
- Rising application of thin film coatings in photovoltaic solar cells, electrical, and semiconductors to increase their efficiency is likely to boost the demand for thin film coatings.
- Vast R&D and development of fabrication and material technologies are expected to have a positive impact on the industry. Growing demand of optical coatings for biomedical, genetic analysis, micro-optical systems, and sensors to provide protection from environment is expected to further drive the thin film coatings market.
- Growing demand for optical coatings for biomedical, genetic analysis, micro-optical systems, and sensors is expected to further drive the thin film coatings market.
- Anti-reflective coatings held majority market share of thin film coatings market owing to increasing utilization of the product as anti-glare layer in kiosk displays, eyewear, binoculars, and video games. This is expected to fuel the segment growth over the forecast period.
Energy Segment to Dominate Global Thin Film Coatings Market
- Increasing demand for thermally-controlled coatings for sensitive detectors, solar panel, solar cells will have a favorable influence on the growth of the product for solar industry. Solar applications are estimated to observe the fastest growth in the global thin film coatings market during the forecast period. Economic coatings such as: filter and anti-reflective coatings shall be the most desirable types of thin film coatings in solar applications. Solar power has been replacing coal and various other sources of energy in the recent decade.
Global Thin Film Coatings Market: Restraints
- Increasing cost of raw materials along with huge initial investment for setting up of manufacturing facilities is likely to restrain the market growth.
Asia Pacific Expected to Hold Significant Share of Global Thin Film Coatings Market
- In terms of region, the thin film coatings market can be split into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- Asia is a dominant player in the global thin film coatings market compared to that of markets in other regions. This can be attributed to rising focus on solar energy production in developing countries owing to the growing significance of alternate sources of energy is expected to propel the regional product demand of thin film coatings .
- Europe holds a significant share in thin films this can be attributed to increasing demand of ultraviolet coating and anti-reflective coatings from automobile industry.
- Strict regulations imposed by the government to build energy efficient buildings in the Middle East and Africa is anticipated to propel the thin film coatings market demand in the next few years.
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Key Players Operating in Market
Key players operating in the market include:
- MATERION CORPORATION
- IDEX CORPORATION
- TORR SCIENTIFIC LTD
- REYNARD CORPORATION
- OERLIKON BALZERS
- ULVAC-PHI, INC
- EP LABORATORIES, INC
- THINFILMS INC
- MICRO POINT PRO LTD (MPP)
- PRECISION OPTICAL
- IHI HAUZER B.V
- CVD EQUIPMENT CORPORATION
- SHIN-ETSU CHEMICAL CO., LTD.
Thin Film Coatings Market: Research Scope
Thin Film Coatings Market, by Type of Coating
- Anti-Reflection Coatings
- Infrared Coatings
- Visible Coatings
- Ultraviolet Coatings (UV)
- Filter Coatings
- Conductive Coatings
Thin Film Coatings Market, by Coating Material
Thin Film Coatings Market Segment by On the basis of Application
- Consumer Electronics
- Tools & Equipment
- Aerospace & Defense
Thin Film Coatings Market Segment by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.