According to a new market report published by
Lucintel, the future of the global thin film coating market looks promising
with opportunities in consumer electronics, tools & equipment, automotive, aerospace
& defense, energy, and medical industry. The global thin film coating
market is expected to reach an estimated $13.6 billion by 2024 and it is
forecast to grow at a CAGR of 4.4% from 2019 to 2024. The major growth drivers
for this market are increasing demand for thin film coating in consumer
electronics for high resolution display and other end use industries due to its
superior functional properties and performance benefits.
In this market, thin film coatings are used in
consumer electronics in high resolution display and in tools & equipment;
it is used in cutting & forming tools, and bearings. Thin film coating are
used in automotive in structural and under the hood components and in other
industries such as aerospace & defense, it is used in turbine blades,
landing gear, engine pylons, and military & defense optics. Lucintel
forecasts that consumer electronics is expected to remain the largest end use
industry and it is expected to witness the highest growth over the forecast
period due to increasing demand from electronic display products such as
mobiles, laptops and televisions.
Within the thin film coatings market, DLC
coating will remain the largest coating type driven by the rise in demand for
DLC coating in automotive engine components and medical devices due to high
biocompatibility. Lucintel predicts that the transparent conductive coating
type is expected to witness the highest growth over the forecast period
supported by increase in demand of transparent conductive coatings in various
applications such as smart devices, tablets, laptops, photovoltaics, OLEDs, and
others.
Asia Pacific is expected to
remain the largest region and witness the highest growth over the forecast
period due to high production of consumer electronics and rapid
industrialzation of automotive,
aerospace, defense, and medical industries.
Emerging
trends, which have a direct impact on the dynamics of the industry, include use
of thin film coating for making flexible displays. Indium tin oxide (ITO) is
almost exclusively used in transparent conductive coatings for high resolution
display because of its two important properties, electrical conductivity and
optical transparency. Oerlikon, Materion, Ionbond, HHV Ltd, Richter Precision,
Micro Point Pro Ltd., Reynard Corporation and Newport Thin Film Laboratory are
the major suppliers of thin film coatings.
Lucintel, a leading global strategic consulting and market research
firm, has analyzed growth opportunities in the global thin film coating market
by end use industry, coating type, coating technique, coating material, and
region. Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Thin Film Coating Market 2019-2024: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as a
catalyst for growth strategy, as it provides comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
global thin film coating market by end use industry, coating type, coating
technique, coating material, and region, as follows:
By End Use Industry [Value ($B) shipment
analysis for 2013 – 2024]:
- Consumer Electronics
- Tools & Equipment
- Automotive
- Aerospace & Defense
- Energy
- Medical
- Others
By Coating Type [Value $B shipment analysis
for 2013 – 2024]:
- Anti-reflective & High-reflective Coating
- Transparent Conductive Coating
- Diamond Like Carbon Coating
- Others
By Coating Technique [$B shipment analysis for
2013 – 2024]:
- Physical Vapor Deposition (PVD)
- Chemical Vapor Deposition (CVD)
- Others
By Coating Material [$B shipment analysis for
2013 – 2024]:
- Metal
- Ceramic
By Region [$B shipment analysis for 2013 – 2024]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This 200-page research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or email us at helpdesk@lucintel.com.
Lucintel offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Due
Diligence.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. Lucintel offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1. What are
some of the most promising, high-growth opportunities for the thin film coating
market by end use industry (consumer
electronics, tools & equipment, automotive, aerospace & defense, energy,
medical, and others), coating type (AR & HR coating, transparent conductive
coating, DLC coating, and others), coating
technique (PVD, CVD, and others), coating material (metal, and ceramic), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace
and why?
Q.3.
Which region will grow at a
faster pace and why?
Q.4.
What are the key factors affecting
market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are
the emerging trends in this market and the reasons behind them?
Q.7. What are
some of the changing demands of customers in the market?
Q.8.
What are the new developments in the
market? Which companies are leading these developments?
Q.9.
Who are the major players in this
market? What strategic initiatives are key players pursuing for business
growth?
Q.10.
What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
material or product substitution?
Q.11.
What M&A activity has occurred in
the last 5 years and what has its impact been on the industry?
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