Filter Coatings Market is likely to register double digit CAGR during 2013 - 2019
Filter coatings are special type of optical coatings that are applied to optical filters used in several types of optical instruments. Optical coatings usually comprise single or multiple layers of dielectric, metallic and other such materials piled together depending on the end-user application. Optical coatings are mostly employed in the manufacturing of optical devices to improve their reflection and transmission properties. On the basis of product segments, the optical coatings can be segmented as filter coatings, anti-reflective coatings, reflective coatings, transparent electrodes and others.
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Filter coatings are used to transmit selective wavelengths of light through glass or any device and are used in a large number of applications such as infrared filters, dichroic filters and bandpass filters among others. Filter coatings are used in diverse range of end-user industries including electronics, infrastructure, defense/security, solar and others. Filter coatings is the second-largest market segment of the optical coatings market. The growing demand for infrared filters, dichroic filters and bandpass filters from various end-user industries across the globe is expected to drive the global filter coatings market in the near future.
An infrared filter is a major application product of filter coating. Infrared filters are used in a wide range of applications such as gas detection, flame detection, sleep apnea (capnography), anesthetic gas monitoring, motion sensors, non-contact temperature measurement and alcohol monitoring (breathalyzer) among several other applications. The global market for infrared filters has sharply increased over the past few years and the demand for infrared filters is anticipated to double over the next six years.
To cater to this growing demand for infrared filters, the manufacturers of infrared filters as well as filter coatings are expanding their production capacities. Moreover, the key industry participants are conducting extensive research and development activities to provide the customers with high precision filters that can result in a repeatable performance at low cost. The growing demand for infrared filters would subsequently increase the demand for filter coatings and is predicted to drive the global filter coatings market in the next few years.