The global Optical Coating Market is expected to reach USD 19.70 billion by 2022,
according to a new report by Grand View Research, Inc. Growing demand for
smartphones, tablets and high resolution displays is expected to drive growth
over the forecast period.
Rising utilization of consumer electronics coupled with technological
advancement in this area is expected to augment demand over the next seven
years. Optical coatings are used on glass surfaces which are further used in
host of applications. Growing concern regarding energy efficient buildings has
led to increased use of optical coatings in architectural glass. As per the
LEED standards for green buildings, optical coatings play an important role in
reducing energy consumption through thermal insulation and results in effective
cooling and reduced costs. Favorable regulatory policies around the globe are
expected to propel product demand in architectural glass applications over the
forecast period.
Full Research Report On Optical Coating Market Analysis: http://www.grandviewresearch.com/industry-analysis/optical-coatings-industry
Further key findings from the report suggest:
·
Anti-reflective segment is expected to grow
at a CAGR of over 10.0% from 2015 to 2022 in terms of volume. Declining prices
of smartphones and tablets, coupled with emergence of new technologies in terms
of improved user interface is expected to drive demand over the forecast
period. Anti-reflective coatings are being widely used in optics and laser
industry which is expected to further propel growth over the next seven years.
·
Solar application is expected to witness
significant development owing to increasing investment to set up power plants
particularly in emerging economies across the globe. In addition, government
policies including grant of incentives and subsidies to promote development of
alternate energy sources is expected to increase product consumption over the
forecast period.
·
North America accounted for a share of over
30.0% of the global market in terms of revenue. Consumer demand for emerging
technologies is expected to propel the market growth. Continuous innovation and
rising spending in military & defense industry for applications including
night vision cameras, beam attenuators and range finding is expected to augment
growth.
·
Europe is expected to witness significant
growth owing to rising use of optical coatings in automobile displays, car
windows and headlamps. In addition, increasing middle class population coupled
with rising requirement of affordable cars is expected to propel product market
over the forecast period.
·
Newport Corporation is involved in
manufacturing of precision optics, sub-micron positioning system, vibration
isolation and laser systems. The company acquired ILX Lightwave Corporation for
USD 9.3 million in 2012 which has helped to expand its capabilities in
photonics measurement and test. Similarly, in March 2014, PPG industries
acquired Comex, an architectural coatings manufacturer in order to strengthen
its position in the Mexican market.
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global Optical Coating Market on
the basis of product, application and region:
Global Optical
Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Anti-reflective Coating
·
Reflective Coating
·
Filter Coating
·
Conductive Coating
·
Electrochromatic Coating
·
Others
Global Optical
Coating Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2022)
·
Consumer Electronics
·
Solar
·
Medical
·
Architecture
·
Aerospace & Defense
·
Automotive
·
Telecommunication
·
Others
Global Optical
Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2022)
·
North America
o U.S.
·
Europe
o Germany
·
Asia Pacific
o China
·
Latin America
o Brazil
·
Middle East & Africa
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-optical-coating-market
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
