Optical Coating Market Insights, Review and Outlook to 2022: Hexa Reports

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Optical Coating Market Share, Size, Market Insights,
Trends, Market Review and Outlook, Overview And
Segment Forecasts To 2022

The global Optical Coating Market is expected to reach USD 19.70 billion by 2022, according to a new
report by Grand View Research, Inc. Growing demand for smartphones, tablets and high resolution
displays is expected to drive growth over the forecast period.
Rising utilization of consumer electronics coupled with technological advancement in this area is
expected to augment demand over the next seven years. Optical coatings are used on glass surfaces
which are further used in host of applications. Growing concern regarding energy efficient buildings has
led to increased use of optical coatings in architectural glass.
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As per the LEED standards for green buildings, optical coatings play an important role in reducing energy
consumption through thermal insulation and results in effective cooling and reduced costs. Favorable
regulatory policies around the globe are expected to propel product demand in architectural glass
applications over the forecast period.
Further key findings from the report suggest:

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Anti-reflective segment is expected to grow at a CAGR of over 10.0% from 2015 to 2022 in terms of
volume. Declining prices of smartphones and tablets, coupled with emergence of new technologies in
terms of improved user interface is expected to drive demand over the forecast period. Anti-reflective
coatings are being widely used in optics and laser industry which is expected to further propel growth
over the next seven years.
Solar application is expected to witness significant development owing to increasing investment to set
up power plants particularly in emerging economies across the globe. In addition,...