Increasing Applications in Various End-use Segments to Drive Growth in the Global Optical Coatings Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Optical Coatings markets. The global market for Optical Coatings is forecast to reach US$9.7 billion by the year 2018, buoyed by the versatility of its application. Major factors driving growth in the market include increasing demand from end-use industries as well as advancing technologies in Coatings space. Recovery in the construction industry and the replacement of incandescent bulbs in the lighting industry are creating substantial demand for Optical Coatings worldwide.

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Optical Coatings: A Global Strategic Business Report

San Jose, California (PRWEB) October 22, 2012

Follow us on LinkedIn – Optical films have ventured outside the laboratory and entered into the industrialization phase. Optical coatings have over the years emerged as one of the most versatile technologies. The thin-film optical coatings currently available have matured over the years in terms of design and development process. Further, availability of advanced computer software and computer technology has enabled the development of numerous powerful thin-film design programs that can be used in various applications. Some of the most commonly used advanced thin film technologies include Ion-beam Sputtering (IBS), evaporation deposition, and Advanced Plasma Reactive Sputtering (APRS).

The industrial chain for Optical Coatings comprises coating materials, fabrication devices and the fabrication industry. The technology and its subsequent developmental forms have been applied in a plethora of applications. Optical communication has become significantly popular since the beginning of the 21st century. Growth in demand for dense WDM optical filter accelerated the development of the optical coating fabrication technology. This subsequently raised the demand for high precision and high performance optical coating fabrication equipment. Very evidently, burgeoning demand from the optical communications segment has been one of the major factors pushing the development of mass manufacturing and high quality optical coatings. Multimedia projector technology is another end-use segment driving growth in the optical coatings market. Based on applications these multimedia projection technologies make use of RGB color wheel filter, antireflection coatings, UV and infrared red lights edge filters, x-clube color recombination prisms, reflection mirrors and gradient red, green, blue spectroscopes.

Mobiles have become an extremely important means of communication in the present times. All lenses of cell phone camera modules are coated with antireflection films. Further, cell phone modules also use a filter to standardize the color performance of the CMOS device. Application of Optical Coatings for the utilization of solar energy as a green source of energy has attracted considerable attention of the masses. High environmental stabilization and high reflection films are important components of solar electrical energy generation. Backed by developments in architectural glasses based on the green theme, the demand for multilayers interference films and low-e films technologies have increased. Additionally, sudden growth in material analysis and processing, environmental monitoring, photolithography and biomedical applications has fueled demand for high-performance optical coatings in the UV spectral region.

Following a period of decline due to the economic downturn, the optical coatings market is forecast to witness steady growth over the coming years with recovery in the global economy. The demand for optical coatings is likely to increase due to the major transformation in the lighting industry resulting from replacement of incandescent bulbs with other sophisticated and advanced lighting alternatives. Optical coatings technology offers a range of lighting options in place of incandescent lighting. The technology is expected to play a key role in flat screen displays of cell phones, televisions, computers, and display panels. Opportunities also exist in the architecture sector, backed by the recovery in the construction industry. Avenues for growth are also represented by applications in green window and solar energy industry. In addition, optical coatings would continue to grow in the military and defense sector. This is despite the high price of optical technologies compared to electronic alternatives.

As stated by the new market research report on Optical Coatings, Asia-Pacific is the largest regional market worldwide. Of late, Asia has emerged as the manufacturing hub for antireflection coatings due to the increase in number of manufacturers in China. Increase in number of producers in the Chinese market resulted in stiff competition and consequently lowering of costs to best lure the consumers. Meanwhile, the coatings used in flat screens and advanced cameras are the ones, which present high margins to manufacturers. Segment-wise, Transmissive or Anti-Reflective Coatings garners a lion’s share of the global optical coatings market. Transparent Electrodes and Filters are the other major product categories in the global optical coatings market.

In the recent past, several players have thronged the Optical Coatings marketplace due to its versatility of applications and increased demand from various end-use segments. As a result, the industry currently comprises a large number of both small and large players. However, tough and volatile economic conditions posed a threat to the survival of smaller players. Subsequently, the trend of consolidations caught up thereby eliminating some small players from the scenario. Key players profiled in the report include Abrisa USPG Glass and Coatings, ZC&R Coatings for Optics Inc., AccuCoat Inc., AFE Technology Coatings Ltd., Artemis Optical Ltd., Brewer Science Inc., CVI Melles Griot, DELTA Light & Optics, Dynavac, and Exotic Electro-Optics Inc., among others.

The research report titled “Optical Coatings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive market overview, current market trends, key growth drivers, recent industry activity, and profiles of major/niche global market participants. The report provides annual sales estimates and projections for the years 2010 through 2018 in value terms (US$) for geographic markets including the US, Europe, Asia-Pacific and Rest of World. Key product segments analyzed include Transmissive or Anti-Reflective Coatings, Transparent Electrodes, Reflective Coatings, Filters and Others. Key end-use segments analyzed include Healthcare, Military, Electronics, Transportation, Construction and Others. The study also provides historic data for an insight into market evolution over the period 2004 through 2009.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Optical_Coatings_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
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