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Optical Coatings Market Trends

Report ID: GMI6396
Published Date: Aug 2023
Report Format: PDF

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Optical Coatings Market Trends

The demand for anti-reflective coatings continues to rise across various industries, especially in consumer electronics and optics. AR coatings are used to reduce reflections and glare, improving optical clarity and enhancing the performance of displays, lenses, and camera systems. There is a growing demand for high-performance optical coatings with specific properties such as high durability, scratch resistance, and resistance to environmental factors. These coatings find applications in critical sectors like aerospace, defense, and medical devices. Nanotechnology is being increasingly employed in the development of advanced optical coatings.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for optical coatings was around USD 12.60 billion in 2023 and will reach USD 24.6 billion by the end of 2032.

Optical coatings industry share from the anti reflection coatings segment was around 40% in 2022 and will grow at a lucrative pace by 2032 to reduce reflection and improve light transmission.

U.S. optical coatings recorded USD 2.8 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 due to the surging need for enhancing the performance and visual experience of devices such as smartphones, tablets, laptops, and televisions.

DuPont, PPG Industries, Inc., Zeiss Group, Essilor International, Schott AG, Newport Corporation, Inrad Optics, Ophir Optronics, Abrisa Technologies, Viavi Solutions Inc., II-VI Incorporated, and Artemis Optical Ltd. are some of the key optical coatings manufacturers