Optical Coatings Market - Forecast(2022 - 2027)

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Optical Coatings Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Optical coatings market size is forecast to reach
  US7.6 billion by 2027 after growing at a CAGR of
  8.0 during 2022-2027. The growing end-use
  industries like electrical electronics,
  telecommunication industry, and medical sector is
  majorly driving the demand for optical coatings
  market as it is widely used in lenses, optical
  fiber end faces, astronomical observations, laser
  processing machines, and other optical elements.
  According to the International Organization of
  Motor Vehicle Manufacturers, the global
  production of automotive drastically surged from
  31,223,533 during January-June 2020, at a rate of
  29.19 to 40,338,546 during January-June 2021.

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• Key Takeaways
• Rising demand for optical coatings from the solar
  sector is driving the market growth. For
  instance, according to the Global Solar Council,
  18,070 MV of total solar PV capacity has been
  installed in Vietnam during the year 2020. It is
  expected to reach up to 36,774 MV of solar PV
  capacity by the end of 2025.
• However, the COVID-19 has impacted the whole
  supply chain which has hindered the market growth
  in the year 2020 as most of the industries were
  fully/partially shut down which led to an
  imbalance in production, logistics, and
  consumption.

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By Distribution Channel- Segment
Analysis Anti-reflection segment dominated the
optical coatings market in 2021 and is growing at
a CAGR of 8.9 during the forecast period from
2022-2027. Because of its ability to provide
high-quality coatings with high transmission
power and low reflection power on components such
as lenses, mirrors, and display screens used in
various industrial and consumer applications, the
anti-reflection coatings type segment holds a
significant market share of the overall optical
coatings market. 
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• Optical Coatings Market Outlook 
• Nippon Electric Glass Co., Ltd.
• PPG Industries, Inc.
• VIAVI Solutions Inc.
• AGC Inc.
• Carl Zeiss Jena Gmbh (ZEISS International)
• Umicore
• Materion Corporation
• SCHOTT AG
• Celestron, LLC
• Emund Optics
• Jenoptik

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Optical Coatings Market -
Forecast(2022 - 2027) Learn More About the
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