Product Code: 978-1-68038-740-7
Optical Coating Market Growth & Trends:
The global optical coating market size is expected to reach USD 37.58 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is estimated to be driven by the growing smart consumer electronics industry across the globe. The rising focus on electricity generation through clean sources is also expected to drive product demand. Consumer electronic devices include smartphones, tablets, phablets, smartwatches, and smart televisions. Rapid urbanization resulting in changes in consumer lifestyles is expected to create lucrative opportunities for smart consumer electronic devices. This is projected to lead to an increase in the utilization of optical coatings as they have a superior optical display and impact resistance properties.
The Asia Pacific is a major market for consumer electronics owing to the presence of a large number of key players. The demand in the region has shifted toward Southeast Asian countries, a trend that is likely to continue over the forecast period. However, the outbreak of highly contagious COVID-19 across the globe is severely affecting manufacturing industries, which, in turn, is anticipated to negatively impact the growth of the global optical coatings in various applications such as consumer electronics, automotive, and aerospace and defense, solar, and architecture. As COVID-19 continues to spread across the world, order cancellations and shipping complications are surging throughout the optical coatings industry.
The reflective coating segment is anticipated to progress at a substantial growth rate over the forecast period. A rise in the use of this product for roofing applications in the construction industry owing to factors such as prevention of direct exposure to sunlight on the roof and reduction in cooling cost is anticipated to propel the demand for reflective coating over the forecast period. There has been a rising demand for both commercial and passenger automobiles in emerging economies like South Africa, Mexico, Brazil, India, and China in light of improving standards of living and population growth. This is projected to benefit the automotive coatings industry, which in turn, is expected to propel the demand for optical coatings.
Furthermore, the increasing requirement for protection against dust, dirt, UV radiation, and harsh climate is anticipated to drive market growth in the coming years. Companies in the market experience fluctuating prices of raw materials, which are driven by factors such as changes in supplier feedstock costs, inventories, demand and supply factors, and government regulations. Therefore, manufacturers have been focusing on developing technologies for efficient coating at a low cost. In addition, key players are continuously engaged in the diversification of their existing product portfolio in order to cater to a large customer base, which ultimately enables a strong foothold in the global market.
Optical Coating Market Report Highlights:
- North America dominated the market and accounted for a revenue share of more than 37.0% in 2023
- The anti-reflective coatings segment is the largest product segment and accounted for a revenue share of more than 29.0% in 2023. The growing demand for anti-reflective coatings from the solar industry is likely to fuel the market over the forecast period
- In 2023, The consumer electronics application segment led the market and accounted for a revenue share of more than 31.0%
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Optical Coating Market Variables, Trends & Scope
- 3.1. Global Optical Coating Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrant
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.7.6. Legal Landscape
Chapter 4. Optical Coating Market: Technology Outlook Estimates & Forecasts
- 4.1. Optical Coating Market: Technology Movement Analysis, 2023 & 2030
- 4.2. Vacuum Deposition Technology
- 4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. E-Beam Evaporation Technology
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Sputtering Process
- 4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Ion-Assisted Deposition (IAD) Technology
- 4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Optical Coating Market: Product Outlook Estimates & Forecasts
- 5.1. Optical Coating Market: Product Movement Analysis, 2023 & 2030
- 5.2. Anti-Reflective Coating
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Reflective Coating
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Filter Coating
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Conductive Coating
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Electrochromic Coating
- 5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.7. Others
- 5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Optical Coating Market: Application Outlook Estimates & Forecasts
- 6.1. Optical Coating Market: Application Movement Analysis, 2023 & 2030
- 6.2. Consumer Electronics
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Solar
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Medical
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Architecture
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Aerospace & Defense
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Automotive
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.8. Telecommunications
- 6.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.9. Other
- 6.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons
Chapter 7. Optical Coating Market Regional Outlook Estimates & Forecasts
- 7.1. Regional Snapshot
- 7.2. Optical Coating Market: Regional Movement Analysis, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.2. U.S.
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.3. Canada
- 7.3.3.1. Key country dynamics
- 7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.4. Mexico
- 7.3.4.1. Key country dynamics
- 7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4. Europe
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.2. Germany
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.3. France
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.4. UK
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.5. Italy
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.6. Spain
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.7. Netherlands
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.8. Poland
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.9. Norway
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5. Asia Pacific
- 7.5.1. Key country dynamics
- 7.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.3. China
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.4. South Korea
- 7.5.4.1. Key country dynamics
- 7.5.4.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.5. Japan
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.6. India
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.7. Singapore
- 7.5.7.1. Key country dynamics
- 7.5.7.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.8. Malaysia
- 7.5.8.1. Key country dynamics
- 7.5.8.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.9. Australia
- 7.5.9.1. Key country dynamics
- 7.5.9.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.10. Thailand
- 7.5.10.1. Key country dynamics
- 7.5.10.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.11. New Zealand
- 7.5.11.1. Key country dynamics
- 7.5.11.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.2. Brazil
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.3. Argentina
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.4. Columbia
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.7.3. South Africa
- 7.7.3.1. Key country dynamics
- 7.7.3.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.7.4. UAE
- 7.7.4.1. Key country dynamics
- 7.7.4.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.7.5. Qatar
- 7.7.5.1. Key country dynamics
- 7.7.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.7.6. Egypt
- 7.7.6.1. Key country dynamics
- 7.7.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Heat Map Analysis
- 8.4. Vendor Landscape
- 8.4.1. List of distributors
- 8.4.2. List of potential end-users
- 8.5. Strategy Mapping
- 8.6. Company Profiles/Listing
- 8.6.1. Alluxa, Inc.
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.2. Cascade Optical Corporation
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.3. Chroma Technology Corp.
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.4. Inrad Optics
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.5. Optical Coatings Japan
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.6. PPG Industries Inc.
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.7. Viavi Solutions
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.8. Schott AG
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.9. Abrisa Technologies
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.10. Berliner Glas
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking