Global Optical Coatings Market is Expected to Reach USD 10.39 Billion in 2019: Transparency Market Research
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.
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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
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
Others (Medical, telecom, transportation, etc.)
Optical Coatings Market: Regional Analysis
Rest of the World
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