Optical Coating Market: Solar Application Segment Is Expected To Witness Significant Growth

 Optical Coating Industry Overview

The global optical coating market size was valued at USD 17.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of more than 9.2% from 2022 to 2030. Recent technological advancements in the field of optical deposition techniques and fabrication coupled with rising demand for efficient optical devices in end-use applications are expected to drive the market over the forecast period. Optical coatings are being increasingly used in numerous applications including architecture, consumer electronics, solar panels, automotive, medical, telecommunication, and military and defense.

The rapid growth of the solar PV market, driven by the increasing focus on the generation of clean energy, and rising demand for consumer electronics is expected to fuel the market growth over the forecast period. Reflective coatings are mainly used in construction, telecommunication, and space applications. The growing use of reflective coatings in green buildings for heat retention and reducing energy consumption is expected to drive its demand over the forecast period. In addition, increasing usage of handheld consoles, coupled with rising demand for portable consumer electronics, is expected to propel market growth over the forecast period.

Price volatility of raw materials is one of the major factors affecting the prices of optical coatings. It leads to a decrease in profitability for manufacturers and increases the market costs of optical coatings, thus restraining market growth. Although prices of metals have witnessed a declining trend over the past few years, sudden variations in prices can lead to a negative impact, thus affecting the market growth.

Gather more insights about the market drivers, restrains and growth of the Global Optical Coating market

 

Changes in the price of precious metals used for high-end applications, especially gold and platinum, significantly affect the overall cost of the application, thus impacting the demand for optical coatings. Furthermore, the recent outbreak of COVID-19 is hampering the demand for optical coatings in various applications including automotive, telecommunication, solar, aerospace and defense, architecture, and others owing to the stalled manufacturing activities, restrictions in supply, and transportation, and economic slowdown across the globe.


Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

  • Powder Coatings Market - The global powder coatings market size was valued at USD 11.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2%. The emerging economies of Asia Pacific and MEA regions have witnessed strong growth in non-residential sectors including consumer goods, IT, telecom, and retail resulting in growth in product demand.

 

  • Iron Oxide Pigments Market - The global iron oxide pigments market size was valued at USD 2.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. The rapidly growing construction industry across emerging nations is expected to be the key growth factor for the market over the forecast period.

 

Optical Coating Market Segmentation

Grand View Research has segmented the global optical coatings market on the basis of product, application, and region:

Optical Coatings Product Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Anti-Reflective Coatings
  • Reflective Coatings
  • Filter Coatings
  • Conductive Coatings
  • Electrochromic Coatings
  • Others

Optical Coatings Application Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Consumer Electronics
  • Solar
  • Medical
  • Architecture
  • Aerospace & Defense
  • Automotive
  • Telecommunication
  • Others

Optical Coatings Regional Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)


Key Companies profiled:

Some of the prominent players in the optical coating market include:

  • Alluxa, Inc.
  • Cascade Optical Corporation
  • Chroma Technology Corp.
  • Inrad Optics
  • Optical Coatings Japan
  • PPG Industries Inc.
  • Viavi Solutions
  • Schott AG
  • Abrisa Technologies
  • Berliner Glas

 

Order a free sample PDF of the Optical Coating Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

 

Comments

Post a Comment

Popular posts from this blog

Global Para-aramid Fiber Market Key Strategies, Analysis, Technology, Trends And Opportunities 2013-2028

The global Para-aramid Fiber market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Para-aramid Fiber from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Para-aramid Fiber market. Leading players of Para-aramid Fiber including: • Teijin Aramid • Dupont • JSC Kamenskvolokno Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-para-aramid-fiber-market/request-sample Market split by Type, can be divided into: • Para-aramid Filament • Para-aramid Staple Fiber • Para-aramid Shortcut • Para-aramid Pulp Market split by Application, can be divided into: • Rope •
Read more

Leather Chemicals Market: Upholstery Segment Is Anticipated To Witness A CAGR Of 6.5% Over The Forecast Period

  Leather Chemicals Industry Overview The global leather chemicals market size was valued at USD 7.4 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. The demand for the product is anticipated to be driven by increased demand for premium products. Increasing disposable income along with the rising population in developing economies is expected to boost demand for consumer products, driving the product industry. The fast-developing upholstery sector, which finds application in airplanes, furniture, and automobiles, has been a major driver of leather demand in the past and will continue to be in the future. It can be found in abundance in high-end furniture and automobiles. Upholstery is easy to maintain, long-lasting, and opulent. It is already available in small vehicle models from premium brands.  Another developing area for upholstery is airplane interiors in which high performance leather makes it a suitable choice for
Read more

Returnable Packaging Industry Forecast: 2023-2030

  Returnable Packaging Industry Data Book | Forecast 2030 Returnable Packaging Industry Data Book - Food & Beverage, Automotive, Consumer Durables and Healthcare Returnable Packaging Market The economic value generated by the returnable packaging industry was estimated at approximately USD 88.41 billion in 2022. This economic output is an amalgamation of businesses that are involved in the raw material suppliers, manufacturers of returnable packaging products, distribution & supply, and application of returnable packaging. Based on product, the market is categorized into pallets, crates, immediate bulk containers (IBCs), drums & barrels, dunnage, and others. Pallets dominated the returnable packaging market in 2022 with the highest revenue share and are expected to maintain the dominance by 2030. Materials like wood, plastics, steel, and aluminum are commonly used for manufacturing the pallets. High load handling capacity and higher handling & storage efficiencies a
Read more