Filter Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category : Chemical and Material

Filter coatings are special type of optical coatings that are applied to optical filters used in several types of optical instruments. Optical coatings usually comprise single or multiple layers of dielectric, metallic and other such materials piled together depending on the end-user application. Optical coatings are mostly employed in the manufacturing of optical devices to improve their reflection and transmission properties. On the basis of product segments, the optical coatings can be segmented as filter coatings, anti-reflective coatings, reflective coatings, transparent electrodes and others. Filter coatings are used to transmit selective wavelengths of light through glass or any device and are used in a large number of applications such as infrared filters, dichroic filters and bandpass filters among others. Filter coatings are used in diverse range of end-user industries including electronics, infrastructure, defense/security, solar and others. Filter coatings is the second-largest market segment of the optical coatings market. The growing demand for infrared filters, dichroic filters and bandpass filters from various end-user industries across the globe is expected to drive the global filter coatings market in the near future.

Filter Coatings Market size is expected to rise with a considerable rate during 2020 to 2027. 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.

Segmentation

By Product Type

  • Anti-reflective coatings
  • Reflective coatings
  • Transparent conductive coatings
  • Others

By Application

  • Infrared filters
  • Dichroic filters
  • Bandpass filters
  • Others

By Application

  • Automotive
  • Aerospace & defense
  • Electronics and consumer goods
  • Healthcare
  • Telecommunication
  • Solar panels
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • South Africa
    • UAE

The Filter Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Filter Coatings market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Filter Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Filter Coatings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Filter Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Filter Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Filter Coatings by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Filter Coatings market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Filter Coatings market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Filter Coatings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Filter Coatings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Filter Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Filter Coatings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Filter Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Filter Coatings market. These factors have benefited the growth of the global market for Filter Coatings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Filter Coatings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Filter Coatings are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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