The global optical coatings market size is estimated at USD 12.6 billion in 2021 and is projected to reach USD 19.0 billion by 2026, at a CAGR of 8.5%, between 2021 and 2026. Optical coatings are a process of blending a thin layer of films on optical components, such as lenses and mirrors, to intensify the reflection and transmission characteristics of the optical system. They normally contain layers of various metallic and dielectric materials such as titanium dioxide, silicon dioxide, and aluminum piled together according to the end-use application.
Optical coatings are thin layers of special materials deposited on various optical components and devices that are used as alternatives to traditional coatings, which are used to enhance the reflection and transmission properties of the component’s surface. They are mostly used in coating lenses and mirrors. These coatings are also used for minimizing dispersion, increasing surface quality, and minimizing surface reflectance of components used in the electronics & semiconductor, military & defense, and transportation industries.
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The key players in the optical coatings market are Dupont (US), PPG Industries Ohio, Inc. (US), Nippon Sheet Glass Co., Ltd. (Japan), ZEISS International (Germany), Newport Corporation (US), Inrad Optics (US), Inc., Artemis Optical Limited (UK), Abrisa Technologies (US), Reynard Corporation (US), II-VI Aerospace & Defense (US), and others. The optical coatings market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisitions, new product developments, and collaborations.
DuPont (US) is a specialty materials, chemicals, and agricultural products company. Electronics & Imaging, Nutrition & Biosciences, Transportation & Industrial, Safety & Construction, and Non-Core are the company’s segments. The company provides optical coating solutions under the Lithography Materials and Services segment of the Semiconductor Fabrication and Packaging Materials. It has a global presence across North America, Asia Pacific, Europe & Middle East, South America, and Africa.
PPG Industries Ohio, Inc. (US) is a paint, coatings, and specialty materials manufacturer and distributor. PPG strives to be a leader in creativity, sustainability, community involvement, and the creation of cutting-edge paint, coatings, and specialty materials technologies. With manufacturing facilities and equity affiliates in more than 70 countries, PPG serves customers in the construction, consumer goods, industrial, and transportation sectors, as well as aftermarkets. It provides coatings and specialized materials to consumers for a variety of applications, including construction machinery and parts, packaging, aircraft and marine equipment, automotive original equipment, automotive refinish, pavement marking products, and other industrial and consumer products. PPG also provides coatings to painting and repair contractors, as well as directly to consumers for decoration and maintenance, for commercial and residential new construction and maintenance. PPG’s operations are divided into two reportable segments, namely, Performance Coatings and Industrial Coatings.
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