LONDON, May 26, 2016 /PRNewswire/ --
"Increasing technological advancements drive the growth of global optical coatings market"
The global optical coatings market is projected to reach USD 10.17 billion by 2020, registering a CAGR of 7.1% from 2015 to 2020. The growing cutting-edge technology and rising innovations supported by efficient fabrication processes.
"Solar, the fastest growing application for optical coatings"
Optical coatings helps in reducing emission utility costs, increases the energy independence, improves efficiency, and reduces the need for solar tracking. They also provide solar thermal control coating solutions for sensitive detectors, solar panels, and solar cells. The key driver for the growth of optical coatings in this application is the increasing government initiatives for renewable energy usage, increasing investments in solar industries, and reduction in custom and excise duties for solar panel parts in countries such as China and India has led to the growth of optical coatings in the solar application.
"Asia-Pacific, the fastest growing market for optical coatings"
The Asia-Pacific region is the fastest-growing market of optical coatings, in terms of value. High economic growth rate, growing manufacturing industries, cheap labor, increasing optical coatings patents, agreement/collaboration, expansion, and a global shift in production capacity from the developed markets to the emerging markets are major factors leading to the growth of optical coatings in this region.
China dominates the optical coatings market in Asia-Pacific. Its consumption of optical coatings has grown significantly and is expected to witness further growth in the near future. The rise in connectivity and growing levels of urbanization are the driving factors for the growth of mega cities, which is leading to an increasing demand for optical coatings in electronics & semiconductor in China.
This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: By Company; By Designation; and By Region.
- By Company Type- Tier 1- 50%, Tier 2- 33% and Tier 3- 17%
- By Designation- C Level- 30%, Director Level- 25% and Others- 45%
- By Region- North America- 45%, Asia-Pacific- 30% and Europe- 25%
The report also provides company profiles and competitive strategies adopted by the major market players, such as DuPont (U.S.), ZEISS Group (Germany), PPG Industries (U.S.), Inrad Optics (U.S.), Reynard Corporation (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Newport Corporation (U.S.), II-VI Optical Systems (U.S.), Artemis Optical Ltd. (U.K.), and Abrisa Technologies (U.S.), among others.
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