Research and Markets: Global Optical Coatings Market 2011-2015 Discusses That the Increasing Price of Raw Materials Is Posing a Major Challenge To The Market
Research and Markets (http://www.researchandmarkets.com/research/vptg9v/global_optical) has announced the addition of the "Global Optical Coatings Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Optical Coatings market in the Electronics industry to grow at a CAGR of 8.54 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing popularity of solid state lighting products. The Global Optical Coatings market has also been witnessing the increasing demand for anti-reflective coatings. However, the increasing prices of manufacturing inputs could pose a challenge to the growth of this market.
Key vendors dominating this market space include Andover Corp., Fosta-Tek Optics Inc., JDS Uniphase Corp., and Photonic Products Group Inc.
Other vendors mentioned in the report: Brewer Science Inc., Dyna Vac, Edmund Optics Inc., EMF Corp., Janos Technology Inc,. Qioptiq Coatings Ltd., Quantum Coatings Inc., and Tru Vue Inc.
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.
For more information visit http://www.researchandmarkets.com/research/vptg9v/global_optical