Photochromic Coating Market – Drivers, Opportunities, Trends, & Forecasts up to 2022
Paints and coatings were initially used for anticorrosive and protection purposes. However, recently various functional coatings have also emerged which not only serve the purpose of protection against physical abrasion or corrosion, but also provides aesthetic properties along with some additional features. Photochromic coatings are also one such functional coatings which change the color based on the intensity of light availability.
This study is aimed at understanding of global photochromic coating market with an in-depth analysis of market size information and market trends along with the factors and parameters impacting it in both short and long term. The study also understands and covers the competitive scenario of the market with respect to major players with their branding strategies and differentiating factors among others. The study also covers supply and regulatory aspects to ensure a 360° view, bringing out the complete key insights of the industry.
Geographically, Asia Pacific region is the largest supplier for photochromic coating market. Eyewear and electronics industries, which are the major application areas for photochromic coating are expected to show consistent growth during the forecast period as well. Decreasing pricing and increasing per capita disposable income are expected to increase the potential customer base for photochromic coating. Even in developed countries, the increasing acceptance of photochromic coatings in automotive, industrial and electronics applications are expected to increase per capita consumption. Some of the prominent players in the global photochromic coating market are PPG Industries, iCoat Company, Rodenstock, Transitions Optical Limited and 3M.
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