Optical Coating Market Insights | Key Players: DuPont (U.S.), PPG Industries (U.S.), Inrad Optics (U.S.), Nippon Sheet Glass & Co., Ltd. (Japan), ZEISS Group (Germany), Reynard Corporation (U.S.), Newport Corporation (U.S,), II-VI Optical Systems (U.S.),

The report "Optical Coating Market by Technology, (IAD, E-Beam Evaporation, Sputtering Process and Vacuum Deposition), by Type, End-Use Industry & by Region - Trends and Forecasts to 2020", The global optical coatings market is projected to reach USD 10.17 Billion by 2020. This growth is fueled by the technological advancements, increasing production capacities, rising development strategies, and growing application sectors globally.

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Browse 76 market data Tables and 64 Figures spread through 165 Pages and in-depth TOC on "Optical Coating Market"

The increasing new product launch/product development and expansion activities are the key developments adopted by the leading market players to drive the global optical coatings market

The key companies offering optical coatings are mainly involved in new product launches or product developments. The companies rigorously adopt this strategy to strengthen their position in the optical coatings market. The large players actively participated in enhancing their global reach, while the small companies concentrated more on new product developments between 2011 and 2015.

From 2011 to 2015, new product launches/product developments were recorded as the most important growth strategy adopted by the optical coatings companies, accounting for a share of 55.2%. The expansion was considered as the second-most preferred growth strategy by the manufacturers, and accounted for 17.3% of the total development strategies of the optical coatings market.

The major manufacturers such as DuPont (U.S.), PPG Industries (U.S.), Inrad Optics (U.S.), Nippon Sheet Glass & Co., Ltd. (Japan), ZEISS Group (Germany), Reynard Corporation (U.S.), Newport Corporation (U.S,), II-VI Optical Systems (U.S.), Artemis Optical Ltd. (U.K.), and Abrisa Technologies (U.S.), among others are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as new product launch/product development, expansion, merger & acquisition, partnership, investment & agreement/collaboration.

ZEISS Group (U.K.), DuPont (U.S.), II-VI Optical Systems (U.S.), and Abrisa Technologies (U.S.) are the important active players in the optical coatings market. These companies witnessed the highest strategy adoptions amongst other players in the global optical coatings market, accounting for over 58.6% of the total market activities from 2010 to 2015.

ZEISS Group (Germany) is the major leader and the largest contributor towards the growth of optical coatings in the global optical coatings market. It accounted for the largest share of all the development activities undertaken in the optical coatings market. The company follows dynamic growth strategies such as new product launch and product development to enhance its presence in Germany and the global market. It has been making huge investments in the research and development of optical coating components to provide innovative solutions in the industrial, research, medical, and consumer market. The company has been engaged in continuous R&D to launch advanced version of optical coating products that provide high efficiency, and ease of use. The company’s diverse product portfolio and technologically advanced R&D centers has aided the company in gaining a major share of the optical coatings market.

DuPont (U.S.) is another major player that has established a strong foothold in the optical coatings market. The company has a broad and diversified optical coatings product portfolio, which ensures their consistent growth in the global optical coatings market. The company is focused on both organic and inorganic growth. It has enhanced its product portfolio with various growth strategies such as expansion, and agreement/collaboration. The company’s ability to provide innovative ways to achieve the functional performance and appearance of the coating products, while delivering the added benefit of improved energy efficiency helped DuPont gain a strong foothold in the global optical coatings market.

The increasing competition, varying consumer demands, and technological advancements are factors that fuel the growth of optical coatings in the application industries

North America is the largest market for optical coatings, in terms of value, and is expected to be so till 2020. The countries in this region; the U.S., Mexico, and Canada are witnessing a gradual increase in the use of optical coatings in applications such as electronics & semiconductor, military & defense, transportation, telecommunication/optical communication, infrastructure, solar, and medical..

This growth is mainly due to the rising industrialization, presence of major market players, increasing expansion, merger & acquisition, and new product launch/product development activities in the region. Contributions of various research organizations toward the development of optical coatings and increased commercialization are also some of the key growth factors in the region.

The U.S. leads the North America optical coatings market accounting for more than half of the demand for optical coatings in the region. The increasing demand for laser protective lenses, high quality scratch-resistant optical components, and stringent government regulations are driving the growth of the optical coatings market in the country. The U.S. is followed by Mexico and Canada where the consumption of optical coatings is registering a steady growth. Mexico is the fastest growing country in the North American optical coatings market. This growth is driven by the growing collaboration activities adopted by emerging players for the R&D and production on AR coatings in the country.

The sputtering process is projected to be the fastest-growing technology of optical coatings in North America. This is attributed to the emerging demand of high quality dielectric filter coatings, polarization controlled multilayer coatings in the military & defense, and electronics application sectors of the North America region.

The filter coatings are the fastest-growing type of optical coatings in North America. These coatings are gaining importance because of their properties, such as environmental safety, high performance, and maintaining the laser damage threshold of the optical components. The growing demand from applications such as gas detection, flame detection, motion sensors, laser, biomedical, space, defense, and alcohol monitoring devices is driving the growth of filter coatings in the North American region.

The solar segment is projected to be the fastest-growing application of optical coatings in North America during the forecast period. This can be attributed to the growing need of environment friendly coatings that help in reducing the emission utility costs, improves efficiency and increase energy independence of the solar cells and panels. Thus, it has fueled the growth of optical coatings in the solar application segment in the region.

The major players in the global optical coatings market undertook various development strategies in the last five year. New product launch/product development, Expansion, merger & acquisition, and agreement/collaboration are some of the key strategies undertaken by major companies such as DuPont (U.S.), PPG Industries (U.S.), Inrad Optics (U.S.), Reynard Corporation (U.S.), Newport Corporation (U.S.), II-VI Optical Systems (U.S.), and Abrisa Technologies (U.S.) in the optical coatings industry. These strategies have helped to enhance production and increase the demand for optical coatings in North America region.

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