Consumer electronic products to garner demand and supply in optical coatings market with increasing penetration of smart TVs, tablets and smartphones. Light-absorbency power of the optical coatings has been connected by the solar power plants for storing energy as well as replenishing energy demands of various other end-use industries. For example, SolGelWay has introduced optical coating that helps in increasing the effectiveness of the solar panels. In addition, those coatings will enable in enhancing the energy yield counts of the thermal power plants, thereby functioning them at extreme temperatures.
Anti-Reflective Coatings to Gain Preference in the Optical Coatings Market: Vacuum deposition coating technology is expected to gain significant traction in optical coatings market as it offers significant mechanical strength and thermal stability for the optical components as well as is reliable and cures in room temperature. Electronics application in expected to contribute significantly towards the growth of optical coatings market owing to surging demand for LED lighting and PCB coatings for wide-ranging protection form the harsh environments, rapid coating of the ultra-thin cell-phone keypads as well as florescent lighting. Anti-reflective coatings are expected to hold significant importance in optical coatings market as it offers high-transmission power to the optical components, which in turn helps in decreasing back glare, thereby enhancing high-efficiency and better picture quality. However, volatile prices of raw materials is anticipated to obstruct the growth of optical coatings market.
North America to Showcase Significant Growth Opportunities in the Global Optical Coatings Market: Rapidly increasing number of investments by the defense industries for the improvement of equipment technologies is expected to drive the growth of North America optical coatings market. In addition, growing demand for anti-reflective coatings and filter coatings is supporting the revenue sales growth in North America optical coatings market. Stringent regulations for developing energy efficient buildings along with heavy investments in R&D for introducing innovative technologies benefitting end-use industries is expected to fuel the growth of Europe optical coatings market.
Increasing Number of Projects to Open Up Notable Manufacturing Opportunities for Optical Coatings Market Players: Need for optical communications, high power lasers, ophthalmics and microscopy is expected to dive in significant manufacturing opportunities for players in optical coatings market.
ZEISS Group: The optical coatings market player has announced about its biggest release of ZEISS Mineralogic software at South Africa during the conference – Process Mineralogy ’18. This software offers significant developments with productivity and features as well. ZEISS is taking immense efforts in expanding its capabilities for providing significant output with regards to advancement without any compromise on data quality together with enhancement in quantitative textural organization ability of system. This high-performance investigation tool is expected to drive in significant growth opportunities for optical coatings market.
PPG Industries: The optical coatings market player has been taking immense efforts in developing programmes and projects for supporting the key institutions such as National Space Centre. Outstanding performance in CSR campaign and taking up more and more social responsibilities is expected to drive the company’s business expansion as well as global footprint. This in turn benefits the company in elevating its position in the optical coatings market as well.
Nippon Sheet Glass & Co., Ltd.: The optical coatings market player has recently received GOLD corporate social responsibility rating from EcoVadis*. The company will continue to enhance its sustainability initiatives under Group Sustainability Policy. With increasing demand for glazing and glass products in the automotive industry is expected to dive in demand and supply opportunities for the manufacturer, thereby benefitting optical coatings market.
Bifurcation of the Optical Coatings Market Is Done on the Basis of Application, Type and Coating Technology: Based on application, optical coatings market has been classified into: Construction, Transportation, Electronics, Automotive, Military and Defense, Healthcare, Others; Based on type, optical coatings market has been classified into: High-reflective coatings, Transparent conductive coatings, Optical filter coatings, Anti-reflective coatings; Based on coating technology, optical coatings market has been classified into: Vacuum Deposition, Sputtering Process, E-Beam Evaporation, Ion Assisted Deposition Technology (IAD).
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Optical coatings market research report displays lucrative analysis of market across the globe and also consists of insightful data and facts together with industry evaluated and statistically backed market data. The report also holds forecasts with the help of suitable methods and predictions. In addition, the global research report offers information and detailed analysis depending on the market classifications such as geographies, industries and end-users.