Filter Coatings Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4052
Filter Coatings Market size is expected to rise with a considerable rate during 2019 to 2025. Improving spending power and growing per capita income is boosting the electronic industry especially in the emerging economies such as China, India, Brazil and Mexico. The increasing sale of electronic products will directly fuel the demand for product due to its extensive application in making LCD displays, laptops, televisions and desktops. Filter coating is a special sort of visual coatings that are employed to the optical filter surfaces applied in different types of visual instruments. These types of coatings usually consist of multi or single layers of dielectric, metallic and other similar materials stacked together based on its end-use usage.
Filter coatings are mostly used in the production of visual devices to enhance their reflection and transmission properties. Moreover, mounting smartphone sale is anticipated to fuel the filter coatings market share over the projected timeframe due to its increasing usage in smartphone displays. In addition, growing government initiatives and support for the usage of renewable energy is likely to drive the consumption for solar applications due to increasing energy crisis. This increasing solar applications is projected to be a major driving aspect for the overall market size.
However, filter coatings may face reliability challenges in high power circumstances and transmission fluctuations, since it operates by absorbing redundant wavelengths which may not always be definite as required in various applications. This is likely to restrict the growing filter coatings market size in the forecast timeframe. Nevertheless, technological developments in the production of filter coatings to achieve low cost products is expected to increase product demand and generate new opportunities over the estimated period.
Based on product types, filter coatings market share is divided into anti-reflective coatings, reflective coatings, transparent conductive coatings and few others such as oleophobic and hydrophobic coatings. Reflective coatings are expected to lead the filter coatings market in the coming years. However, anti-reflective coatings are projected to be the fastest growing product type in the overall market in the near future.
According to its applications, the filter coatings market share is classified into infrared filters, dichroic filters, bandpass filters and few others such as laser line filters, short and long-pass filters. The global demand for infrared filters has heavily expanded over the recent years and it is further anticipated to double over the coming years. To accommodate this mounting demand, the manufacturers are escalating their production capabilities to provide the consumers with high performance filters which can perform repeatedly at lower costs.
On the basis of the end-use industries, the product market is categorized into automotive, aerospace & defense, electronics and consumer goods, healthcare, telecommunication, solar panels. and few others such as infrastructure and marine. Escalating drift towards leading-edge consumer electronic appliances such as smartphones, smartwatches, high definition displays etc. is estimated to augment the filter coatings demand. Furthermore, mounting demand in making solar panels and the telecommunication industry is expected to further propel the product market size in the estimated period.
The filter coatings market share has much elevated chances for surging in Asia-Pacific and North America owing to their substantial growth in its economy. Asia Pacific with this heightened economic development will offer lucrative business opportunities for the product market size in the coming years. For instance, China registers around 30% of the worldwide automotive manufacture and thereby holds a protruding demand in the total market. Additionally, the U.S. is investing heavily on their defense sector, that is anticipated to swell the product demand in the region.
Filter coatings market size is contributed by various major companies aiding the industry share. Some of the major producers comprised in the business are 3M Precision Optics, Janos Technology Inc., Denton Vacuum LLC, Ophir Optronics, Ltd., JDSU, PPG Industries, Abrisa Technologies, Inrad Optics, Optical Coatings Japan and Newport Corporation.
Filter Coatings Market, By Product type, 2014-2025
- Anti-reflective coatings
- Reflective coatings
- Transparent conductive coatings
Filter Coatings Market, By Application, 2014-2025
- Infrared filters
- Dichroic filters
- Bandpass filters
Filter Coatings Market, By Application, 2014-2025
- Aerospace & defense
- Electronics and consumer goods
- Solar panels
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- 3M Precision Optics
- Janos Technology Inc.
- Denton Vacuum LLC
- Ophir Optronics, Ltd.
- PPG Industries
- Abrisa Technologies
- Inrad Optics
- Optical Coatings Japan
- Newport Corporation
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