TechNavio today launched its report Global Optical Coatings Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The expansion of the Global Optical Coatings market will be driven by two primary factors, process innovation and economic growth in emerging regions. The Consumer Product Coatings segment is the fastest-growing segment in the Global Optical Coatings market. There is an increasing trend of large multinational coatings vendors focusing on developing more environmentally-compliant coatings. This compliance with the environmental norms will gain wide acceptance/mass adoption of optical coatings-based products, and hence this will result in the growth of the market during the forecast period.”
According to the report, the Global Optical Coatings market is undergoing a transformation because the demand for the most common household lighting product, i.e., the incandescent bulb, is declining. This is because of the technological advancements and the new efficiency standards emerging in the market. Since optical coatings technology offers a range of lighting options in solid state lighting products in place of incandescent lighting, there is increasing demand for solid state lighting products because of their efficiency to provide brighter illumination and consume less power. The replacement of incandescent bulbs with solid state lighting options is one of the major drivers of the Global Optical Coatings market.
Further, the report discusses that the increasing price of raw materials is posing a major challenge to the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-optical-coatings-market-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research report – Global Optical Coatings Market 2011-2015
