Booming Solar Power Industry
Optical coatings are finding increasing applications in the solar power industry owing to the growing adoption of renewable energy sources and the falling prices of solar photo voltaic (PV) installations. The solar PV capacity has been increasing over years, and the global installed PV capacity is expected to exceed 400 Gigawatt (GW) and 700 Gigawatt in 2017 and 2021 respectively. Asia-Pacific is the largest region in terms of the total installed PV capacity, with China owning about one-fourth of the global solar power generation capacity. Optical coatings aid in increasing the efficiency of the energy produced from solar collectors due to their anti-reflective properties, which would further cut down the costs involved in the production of solar energy. The growing investments in the solar power sector in emerging economies, such as China and India, and the decreasing solar power costs are expected to support the solar power generation activities, in turn, creating a demand for optical coatings during the forecast period.
Anti-reflective Coatings are the Dominant Type
Anti-reflective (AR) coatings are one of the most widely consumed coatings on lenses, where less reflection is required. These coatings increase the efficiency of transmission by decreasing the Fresnel reflections off the lens or on applied surface. AR coatings are generally more resistant to physical and environmental damage, as compared to others. In addition, they serve a wide range of applications, ranging from general use spectacles to astronomy applications. These coatings increase the efficiency of transmission by decreasing the Fresnel reflections off the lens or on applied surface. These coatings are employed in different end-user industries, such as construction, defense, and telecommunication. Asia-Pacific is growing consistently in the fields of telecommunication, solar, and defense, therefore, providing opportunities to the anti-reflective coatings. On the other hand, Europe possesses one of the largest markets for anti-reflective coatings, due to the well-established defense and solar energy markets. There is a rapid growth in the Asia-Pacific construction industry while Europe is also witnessing signs of recovery in construction activities. These factors are expected to drive the market for anti-reflective coatings in the near future.
Germany to witness Healthy Growth in Demand
Germany is a leader in the automotive industry and excellence in engineering, worldwide. It is, by a large margin, Europe’s leading production and sales market. There has been a continuous increase in the sales and production of new motor vehicles in Germany since the past three years. This, along with the growing investments into automotive R&D in the country, is expected to positively influence the German optical coatings market. Similarly, the German aerospace industry is also on a rise with growing aircraft manufacturing activities in the country. Manufacturers, such as Boeing and Airbus, are focusing on increasing their manufacturing bases in Germany and exporting components to other parts of Europe. In the recent years, renewable power has increased at a rapid rate in Germany. This increase is further posing a greater stress on the country’s electrical grid. Siemens AG is preparing for a surge in German utility-scale-storage demand to balance the renewable power onslaught straining the country’s grid. The rapid expansion of intermittent wind and solar energy on the electricity network is accelerating investments toward optical coatings, to manage the new patterns of power generation and consumption.
Key Developments in the Market:
January 2018: A partnership agreement has been signed between Artemis Optical and Metamaterial Technologies Inc. (MTI) to develop hybrid coatings for defense industry.
Major Players: 3M, Edmund Optics Inc., PPG Industries, Nippon Sheet Glass & Co. Ltd., Carl Zeiss AG, DowDupont amongst others.
Reason to purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Which application is expected to dominate the market
- Which regions are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (In excel).
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1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Model
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Degree of Competition
3.3 Patent Analysis
3.3.1 Market Dynamics
4.1 Technological Advancements in Optical Coatings Fabrication Process
4.2.1 High Costs of Raw Materials
4.3.1 Increasing Applications in Different End-user Industries
5. Market Segmentation & Analysis (Market Size, Growth and Forecast)
5.1 By Product
5.1.1 Optical Filter Coatings
5.1.2 Anti-Reflective Coatings
5.1.3 Transparent Conductive Coatings
5.1.4 Mirror Coatings (High Reflective)
5.1.5 Beam Splitter Coatings
5.2 By Technology
5.2.1 Chemical Vapor Deposition
5.2.2 Ion-beam Sputtering
5.2.3 Plasma Sputtering
5.2.4 Atomic Layer Deposition
5.2.5 Sub-wavelength Structured Surfaces
5.3 By End-User Industry
5.3.1 Aerospace & Defense
5.3.3 Building & Construction
5.3.7 Electronics & Telecommunication
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2.2 United Kingdom
6.2.5 Rest of Europe
6.3 North America
6.3.1 United States
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
8.2 Artemis Optical
8.3 Buhler AG
8.5 Denton Vacuum, LLC
8.6 Edmund Optics Inc.
8.7 Inrad Optics
8.8 Janos Tech
8.9 Laser Components
8.10 Laseroptik GmbH
8.11 NANEO Precision IBS Coatings GmbH
8.12 Newport Corporation
8.13 Nippon Sheet Glass & Co. Ltd.
8.14 Northumbria Optical Coatings Ltd
8.15 Optical Coatings Japan
8.16 Optics Balzers AG
8.17 PPG Industries, Inc.
8.18 Qioptiq (Excelitas Technologies Corp.)
8.19 Sigmakoki Co., Ltd.
8.20 Schott AG
*List Not Exhaustive
**Subject to availability on public domain
- Artemis Optical
- Buhler AG
- Denton Vacuum LLC
- Edmund Optics Inc.
- Inrad Optics
- Janos Tech
- Laser Components
- Laseroptik GmbH
- NANEO Precision IBS Coatings GmbH
- Newport Corporation
- Nippon Sheet Glass & Co. Ltd.
- Northumbria Optical Coatings Ltd
- Optical Coatings Japan
- Optics Balzers AG
- PPG Industries Inc.
- Qioptiq (Excelitas Technologies Corp.)
- Sigmakoki Co. Ltd.
- Schott AG