Thin film coatings are applied on the optical surface to modify the reflectance and transmittance properties of the substrate on which these thin film coatings are applied. Thin film coatings are deposited by various depositing techniques, such as CVD (Chemical Vapor Deposition), PVD (Physical Vapor Deposition), and Sputtering, among other techniques. Thin films coatings are coated on the substrate to increase the conduction or insulation, and provide protection from light by creating a reflective surface.
Most of the companies are manufacturing anti-reflective coatings that are mechanically & chemically durable, meet the international optics specifications, and available in standard and large dimensions. For instance, MATERION is a company that manufactures anti-reflective optical coatings with the above-said properties. Photovoltaic cells need a protective layer of glass in order to increase the efficiency by minimizing the light being reflected form the substrate surface, to do this anti-reflective thin film coatings are applied. Thin film coatings are also used in reflectors and dichroic filters that allow the light of specific wavelength to pass as well as they find application in fluorescence and lighting microscopy. Thus, with a wide range of applications of thin film coatings, it is expected that thin film coatings market will rise during the forecast period.
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Thin Film Coatings Market: Regional Outlook
Asia Pacific is expected to witness high growth in terms of volume and value in the thin film coatings market during the forecast period, which can be attributed to the growing electronic and medical industries. Packaging industry is also growing in the region, which can be attributed to the growing population thereby, accelerating the growth of the thin film coatings market in the region.
North America and Europe are expected to witness significant growth in the thin film coatings market during the forecast period, attributing to the growth in the healthcare industry etc. thus fueling the thin film coatings consumption in regions thereby leading to the growth of thin film coatings market.
Latin America and the Middle East and Africa are expected to witness steady growth in the thin film coatings market.
Thin Film Coatings Market: Key Participants
Examples of some of the key participants in the Thin Film Coatings Market are:
- Precision Optical
- Alluxa
- Micro Point Pro Ltd (MPP)
- Thin Films Inc.
- EP LABORATORIES, INC
- ULVAC-PHI, INCORPORATED
- oerlikon balzers
- Reynard Corporation
- Torr Scientific Ltd
- IDEX Corporation.
- MATREION
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Thin Film Coatings Market: Segmentation
The thin film coatings market can be segmented based on Coating Material, End-use Sector, and Types of Coating.
By Coating Material, the thin film coatings market can be segmented as:
- Ceramic
- Metal
By End-use sector, the thin film coatings market can be segmented as:
- Electronics
- Medical Devices Defense
- Military & De
- Packaging
- Aerospace
- Automotive
- Others
By Type of Coatings, the thin film coatings market can be segmented as:
- Anti-Reflection Coatings
- Infrared Coatings
- Visible Coatings
- Ultraviolet Coatings (UV)
- Filter coatings
- Conductive Coatings
- Other
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