The global optical coating market size was USD 12.01 billion in 2020. The market is expected to grow from USD 13.04 billion in 2021 to USD 22.57 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Optical Coating Market, 2021-2028.” 

The optical coatings market refers to the industry involved in the production, development, and application of coatings used in optical systems and devices. These coatings are applied to various optical components such as lenses, mirrors, filters, prisms, and others to enhance their performance, durability, and efficiency.

Optical coatings serve several purposes, including:

1. Anti-reflective Coatings: These coatings are applied to minimize reflection and glare, allowing more light to pass through the optical component and improving overall clarity and contrast.

2. Reflective Coatings: Reflective coatings are used to enhance reflectivity, allowing optical components such as mirrors to efficiently reflect light or other electromagnetic waves.

3. Dielectric Coatings: Dielectric coatings are thin films composed of alternating layers of materials with different refractive indices. They are used for various purposes including anti-reflection, high reflectivity, and wavelength selection.

4. Protective Coatings: Optical components are often subject to environmental factors such as moisture, dust, and scratches. Protective coatings are applied to enhance durability and longevity by providing a barrier against these elements.

5. Filter Coatings: These coatings are designed to selectively transmit or block certain wavelengths of light, enabling applications such as spectral filtering, color correction, and polarization control.

The optical coatings market caters to diverse industries including:

• Consumer Electronics: Optical coatings are used in smartphones, tablets, cameras, and displays to improve image quality and readability.

• Automotive: Coatings are employed in vehicle headlights, rear-view mirrors, and sensors for enhanced visibility and safety.

• Medical Devices: Optical coatings are utilized in medical imaging systems, endoscopes, and surgical instruments for diagnostic and therapeutic purposes.

• Aerospace and Defense: Coatings play a crucial role in military optics, surveillance systems, and aerospace applications where performance, durability, and reliability are critical.

• Solar Energy: Coatings are used in solar panels and concentrators to optimize light absorption and minimize reflection, thereby improving energy conversion efficiency.

The optical coatings market is driven by technological advancements, increasing demand for high-performance optical systems, and growing applications across various industries. Key players in the market include manufacturers of optical coatings, materials suppliers, and research institutions focusing on developing innovative coating technologies. Ongoing research and development efforts aim to improve coating performance, reduce production costs, and explore new applications, further driving growth in the optical coatings market

Industry Development

April 2020: Materion Corporation declared that it has engaged in a binding contract to purchase Optics Balzers, AG, which is a thin-film optical coating market forerunner.

List of Key Players Covered in this Market Report

• Jenoptik (Jena, Germany)

• SCHOTT (Mainz, Germany)

• Optimax Systems, Inc. (New York, U.S.)

• Surface Optics Corporation (California, U.S.)

• GELEST, INC. (Pennsylvania, U.S.)

• Materion Corporation (Ohio, U.S.)

• VAMPIRE OPTICAL COATINGS (Ohio, U.S.)

• Optics Balzers AG (Liechtenstein, Germany)

• VIAVI Solutions Inc. (California, U.S.)

• PPG Industries, Inc. (Pennsylvania, U.S.)

• DuPont (Delaware, U.S.)

• ZEISS International (Oberkochen, Germany)

• Nippon Sheet Glass Co., Ltd (Tokyo, Japan)

• Newport Corporation (California, U.S.)

Information Source: https://www.fortunebusinessinsights.com/optical-coatings-market-102138