Filter coatings are used for transmitting selected light wavelengths through glass. Surging consumer electronics demand owing to rising disposable income and improving standards of living in emerging economies such as India and China is anticipated to propel filter coatings market over coming seven years.
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Filter Coatings Market Growth, Trends, Segment To 2022: Grand View Research, Inc.
1. Grand View Research, Inc: Global Filter Coatings Market
Analysis, Market Size, Application Analysis, Regional
Outlook, Competitive Strategies And Forecasts, 2015 To
2022
Global filter coatings market is expected to witness significant growth on account
of growing demand in defense and infrastructure industries. Filter coatings are
used for transmitting selected light wavelengths through glass. Surging consumer
electronics demand owing to rising disposable income and improving standards of
living in emerging economies such as India and China is anticipated to propel filter
coatings market over coming seven years. Filter coatings are applied in smart
phones screens and thus increasing smart phones demand is anticipated to fuel
product demand over the forecast period. Promotion of renewable energy usage by
several governments is further estimated to increase scope in solar device
applications.
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2. On the basis of product, these specialty coatings have been segmented into band
pass and infrared filter coatings. Infrared filters are used in flame detection, sleep
apnea, motion sensors, gas detection, non-contact temperature management,
alcohol monitoring and anesthetic gas monitoring. Increasing use of filters in
various end-use industries is also expected to propel filter coatings market growth
over next seven years. These coatings, however, absorb unwanted light
wavelengths that raise reliability issues during high power conditions and
transmission curves that may not be required in varied applications. This factor is
expected to hamper market growth over the forecast period.
Technological advancements are anticipated to result in low production costs, thus
creating opportunities for market participants in near future. Innovation and
product line expansion is also anticipated to propel filter coatings market growth.
Manufacturing plants with customization and high precision is also expected to
create lucrative opportunities for industry participants. Extensive research is being
done to develop high precision filters at low cost.
3. North America was the dominant filters coating market on account of huge
investments made by countries such as US & Canada on security and defense
weapons. Increasing solar energy harnessing and applications in Asia Pacific, due
to initiatives taken by the government such as custom and excise duties reduction
for solar panels parts may positively impact industry expansion. Europe is also
anticipated to witness high product demand over next seven years owing to
expanding electronics manufacturing industry.
Major companies operating in global filter coatings market include Optical
Coatings Japan, Denton Vacuum, Newport Corporation, Inrad Optics, Abrisa
Technologies, PPG Industries, Ophir Optronics Ltd., and JDSU.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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