Global Optical Coatings Market is Expected to Reach USD 10.39 Billion in 2019: Transparency Market Research

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17 Mar, 2014, 10:30 GMT

ALBANY, New York, March 17, 2014 /PRNewswire/ --

According to a new report published by Transparency Market Research "Optical  Coatings  Market  (Anti-Reflective  Coatings,  Filter  coatings,  Transparent  Electrodes,  Reflective  Coatings  and  Others)  For  Electronics,  Defense/security,  Infrastructure,  Solar  and  Others  Applications:  Global  Industry  Analysis,  Size,  Share,  Growth,  Trends  And  Forecast,  2013  -  2019", the global demand for the optical coatings was valued at USD 6.47 billion in 2012 and is expected to reach USD 10.39 billion in 2019, growing at a CAGR of 7.2% between 2013 and 2019.

Browse  Global  Optical  Coatings  Market  Report  with  Full  TOC  at http://www.transparencymarketresearch.com/optical-coatings-market.html

Amassed demand for smartphones has been a major driving factor for the optical coatings industry. New features are added to smartphones to meet the latent demand of the end consumers which has led to inclusion of optical devices such as camera, touch screen, displays and many others. Thus the demand for smartphones is expected to drive the demand for optical coatings in the near future. Growing threat of energy crisis has led to increase in government policies and incentives for the use of renewable source of energy. Thus demand for photovoltaic/solar modules is also expected to be a major driving factor for the optical coatings industry. However the growing threat of accumulation of non-degradable electronic waste is expected to hamper growth in the near future. The growth in the disposable income of people mainly in the Asia Pacific region is expected to drive the demand for nearly all end-user applications of optical coatings. Thus, these emerging markets are expected to emerge as a huge growth opportunity for the optical coatings industry.

The growing demand for smartphones has been a major driving factor for the growth of the optical coatings industry. Furthermore, new features are added to smartphones to meet the latent demand of the end consumers. Addition of new features such as better cameras, touchscreens, and displays are expected to be a major factor driving the optical coatings industry for the next few years.

Anti-reflection coatings were the largest product segment of optical coatings accounting for over 30% of the overall demand for optical coatings. Furthermore, transparent electrodes and reflective coatings are expected to be the fastest growing product segments. The demand for transparent electrodes and reflective coatings is mainly driven by the growth in demand for semi-conductors and energy efficient devices and infrastructures.

Infrastructure was the largest application segment for optical coatings in 2012 and accounted for over 40% of the global demand for optical coatings. However, solar applications are expected to be the fastest growing applications owing to the increasing threat of an energy crisis coupled with government incentives for the use of renewable source of energy.

North America followed by the Asia Pacific region dominated the global demand for optical coatings in 2012. The trend is expected to continue during the forecast period. However, the Asia Pacific region is expected to outdo other geographical region in terms of growth rate. The high growth rate in Asia Pacific is mainly derived from the increase in industrial activities and growing disposable income of people in India and China.

Related  &  Recently  Published  Reports  by  Transparency  Market  Research

The report gives an in-depth analysis of the optical coatings market in terms of volume (kilo tons) and revenue (USD million). In addition, the report also includes current demand analysis and forecast for each product and application segments for both global and regional levels. The regions analyzed include North America, Europe, Asia Pacific and Rest of the World. The report comprises of the following segments:

Optical  Coatings  Market:  Product  Segment  Analysis

Anti-Reflective Coatings

Filter coatings

Transparent Electrodes

Reflective Coatings

Others (Anti-glare coatings, polarized coatings, etc.)

Browse  Optical  Coatings  Market  at http://www.transparencymarketresearch.com/optical-coatings-market.html

Optical  Coatings  Market:  Application  Analysis

Electronics

Defense/security

Infrastructure

Solar

Others (Medical, telecom, transportation, etc.)

Optical  Coatings  Market:  Regional  Analysis

North America

Europe

Asia-Pacific

Rest of the World

Browse all Chemical  &  Materials  Market  Research  Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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