by Precedence Research a new report on optical coatings Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global optical coatings market size was valued at US$ 13.21 billion in 2019. The global optical coatings market is projected to reach US$ 20.43 billion by 2027, registering a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2020 to 2027.
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Table of Contents
Optical Coatings Market Growth Factors:
Significant growth in the demand for consumer electronic devices such as tablets, smartphones, smartwatches, and smart televisions estimated to drive the market growth. Rapid urbanization that results in changes in the consumer lifestyle expected to offer lucrative growth opportunities for smart consumer electronic products over the forecast period. In addition, rise in demand for clean and green generation along with smart and green products across various industries such as construction, automotive, and others expected to further propel the market growth over the upcoming years.
However, volatility in the price of raw materials is one of the major concerns that further affect the overall prices of optical coatings products. This decreases the profitability ratio for manufacturers as well as increases the total market costs for the product, thus restricting the market growth. Although metal prices are witnessed to have a declining trend in the past few years, sudden fluctuation in prices may have a negative impact on the market growth.
Optical Coatings Market Report Scope
| Report Highlights | Details |
| Market Size | USD 20.43 Billion by 2027 |
| Growth Rate | CAGR of 5.6% From 2020 to 2027 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2020 to 2027 |
| Segments Covered | Product, Application |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
The global optical coatings market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per optical coatings, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
optical coatings Market Report Highlights
- North America led the global market accounting for a value share of more than 37% in 2019 owing to prominent growth of solar industry particularly in the U.S.
- The Asia Pacific estimated to exhibit significant growth over the upcoming years because of rising demand for consumer electronics along with immense opportunity from automotive and manufacturing sectors
- The anti-reflective product segment dominated the market accounting for over 30% share of the overall revenue in 2019 due to its increasing application in display screens, magnifying lenses, and eyeglasses
- Conductive coatings segment estimated to exhibits lucrative growth over the forthcoming years because of its large-scale application in solar panels
- Consumer electronics captured major market share in the global market accounting for over 33% of value in 2019 due to rapid growth in demand for smartphones and rising disposable income of consumers
- Automotive industry is the other most important application segment for the market owing to its application in speedometer display and other components in the automotive industry
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Some of the prominent players in the optical coatings market include:
- Cascade Optical Corporation
- Alluxa, Inc.
- Chroma Technology Corp.
- Optical Coatings Japan
- Berliner Glas
- Inrad Optics
- PPG Industries Inc.
- Schott Ag
- Viavi Solutions Inc.
- Abrisa Technologies
Optical Coatings Market Segmentation
By Product
- Reflective Coatings
- Anti-reflective Coatings
- Filter Coatings
- Electrochromic Coatings
- Conductive Coatings
- Others
By Application
- Solar
- Consumer Electronics
- Telecommunication
- Architecture
- Medical
- Automotive
- Aerospace & Defense
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the optical coatings market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global optical coatings market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global optical coatings market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global optical coatings market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global optical coatings market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for optical coatings are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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