Global Thin Film Coatings Market: Introduction
· Thin film coatings are applied on optical surface to modify thetransmittance and reflectance properties of the substrate on which these thinfilm coatings are applied. Thin film coatings are deposited by variousdepositing techniques, such as PVD (Physical Vapor Deposition), CVD (ChemicalVapor Deposition), and sputtering, among other techniques. Thin films coatings arecoated on the substrate to increase their insulation or conduction, and provideprotection from light or create a reflective surface.
· Thin film coatings are widely used in variety of applicationssuch as optical devices, mirrors, semiconductor devices, magnetic media, andfood wrap to provide a specific performance characteristic due to theirphysical and chemical attributes such as prevention of corrosion, antistaticproperties, and adhesion properties.
Key Drivers of Global Thin Film Coatings Market
· Increasing demand for flexible display & batteries due torising technological advancements in consumer electronics is anticipated togrow the demand for thin film coatings as these are used to form opticalcoatings on these electronic devices.
· Rising application of thin film coatings in photovoltaic solarcells, electrical, and semiconductors to increase their efficiency is likely toboost the demand for thin film coatings.
· Vast R&D and development of fabrication and materialtechnologies are expected to have a positive impact on the industry. Growingdemand of optical coatings for biomedical, genetic analysis, micro-opticalsystems, and sensors to provide protection from environment is expected tofurther drive the thinfilm coatings market.
· Growing demand for optical coatings for biomedical, geneticanalysis, micro-optical systems, and sensors is expected to further drive thethin film coatings market.
· Anti-reflective coatings held majority market share of thin filmcoatings market owing to increasing utilization of the product as anti-glarelayer in kiosk displays, eyewear, binoculars, and video games. This is expectedto fuel the segment growth over the forecast period.
Energy Segment to Dominate Global ThinFilm Coatings Market
· Increasing demand for thermally-controlled coatings forsensitive detectors, solar panel, solar cells will have a favorable influenceon the growth of the product for solar industry. Solar applications areestimated to observe the fastest growth in the global thin film coatings marketduring the forecast period. Economic coatings such as: filter andanti-reflective coatings shall be the most desirable types of thin filmcoatings in solar applications. Solar power has been replacing coal and variousother sources of energy in the recent decade.
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Global Thin Film Coatings Market:Restraints
· Increasing cost of raw materials along with huge initialinvestment for setting up of manufacturing facilities is likely to restrain themarket growth.
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Asia Pacific Expected to HoldSignificant Share of Global Thin Film Coatings Market
· In terms of region, the thin film coatings market can be splitinto five regions: North America, Europe, Asia Pacific, Latin America, andMiddle East & Africa.
· Asia is a dominant player in the global thin film coatingsmarket compared to that of markets in other regions. This can be attributed torising focus on solar energy production in developing countries owing to thegrowing significance of alternate sources of energy is expected to propel theregional product demand of thin film coatings .
· Europe holds a significant share in thin films this can beattributed to increasing demand of ultraviolet coating and anti-reflectivecoatings from automobile industry.
· Strict regulations imposed by the government to build energyefficient buildings in the Middle East and Africa is anticipated to propel thethin film coatings market demand in the next few years.
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Key Players Operating in Market
Keyplayers operating in the market include:
· MATERION CORPORATION
· IDEX CORPORATION
· TORR SCIENTIFIC LTD
· REYNARD CORPORATION
· OERLIKON BALZERS
· ULVAC-PHI, INC
· EP LABORATORIES, INC
· THINFILMS INC
· MICRO POINT PRO LTD (MPP)
· ALLUXA
· PRECISION OPTICAL
· IHI HAUZER B.V
· CVD EQUIPMENT CORPORATION
· SHIN-ETSU CHEMICAL CO., LTD.
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