Optical Coatings Market Size, Industry Analysis By 2018-2024

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Optical Coatings Market to Witness A Phenomenal
Growth over 2018 to 2024
Optical Coatings Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, UK,
Germany, France, Italy, Russia, Spain, China,
India, Japan, Australia New Zealand, South
Korea, Brazil, Mexico, Argentina, GCC, South
Africa), Application Development Potential, Price
Trends, Competitive Market Share Forecast, 2017
2024
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Global Market Scenario of Optical Coatings
Market

• Global Optical Coatings Market size is expected
  to grow with a high CAGR by 2024. The market
  growth will be propelled by the robust demand
  from the end-user sectors including consumer
  electronics, transportation, healthcare and
  defense.
• Optical coating involves deposition of thin
  layers on optical component in a way that the
  interference modifies reflection transmission
  characteristics of the system.
• These coatings have been highly desirable in
  order to secure the optic against unfavourable
  environmental circumstances. Optical coatings
  will have significant demand in camera lens,
  corrective lenses, solar cells, etc. Growing
  demand for high-resolution displays in
  smartphones, tablets, e-readers and other
  applications will propel the market size by 2024.
• Construction sector is probable to witness
  fastest growth particularly in architectural
  glass applications, thereby promoting optical
  coatings market by 2024
• As per the Leadership in Energy and Environmental
  Design (LEED) standards for green buildings,
  through the thermal insulation, optical coatings
  play a vital role in dropping energy consumption
  and offers effective cooling.

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• Product Analysis-
• Based on the product types, the market
  segmentation can be viewed as anti-reflective
  (AR) coatings, filter coatings, beamsplitter
  coatings, high-reflective coatings, transparent
  conductive coatings, electrochromic (EC) coatings
  and others. Antireflection coating held the
  highest share in 2016 on account of its vast
  applicability in consumer electronics for- power,
  display units, microprocessors, memory, etc. The
  unique characteristics including improved
  transmission power, high efficiency, back glare
  reduction and better picture quality, the segment
  is likely to have robust demand in construction
  sector in the near future.
• Regional Trends-
• In 2016, North America region was stood as the
  largest market for optical coatings. Presence of
  enormous product manufacturers, growing demand of
  high reflective, filter, AR coatings in the U.S.
  were the factors promoting the market growth.
  However, the robust growth trends featured by the
  regional consumer electronics sector depict
  fastest growth trend in Asia Pacific optical
  coatings market during the forecast timespan.

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Market Research Reports Key Analytical Components
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• Competitive Trends
• Highly fragmented optical coatings market will be
  subjected to intense degree of industry rivalry
  throughout the forecast period. The market
  leaders have been engaged in developing product
  components with low production cost and unique
  features. Key industry players include DuPont,
  ZEISS Group, PPG Industries, Nippon Sheet Glass
  Co, Abrisa Technologies, Newport Corporation,
  etc. Technological progressions in developing
  optical coatings fabrication process will pose as
  the key performance indicators in this industry
  by 2024.

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