Anti-reflective Coatings Market is valued around USD 3.78 Billion in 2019 and expected to reach USD 7.83 Billion by 2030 with the CAGR of 6.7% over the forecast period.
Anti-reflective Coatings refers to the dielectric coatings capable of transmitting light trough the surface and reduces the reflection. These coatings have wide application in different industries and consist of alternate layers of thin transparent films with contrast refractive index. These coatings are wide used in optics industry, solar panels, electronics & others. It also helps in the reduction of light loss from the source or supply.
Global Anti-reflective Coatings Market report is segmented on the basis of technology, application and by regional. Based upon technology, the anti-reflective coatings market is fragmented into Vacuum Deposition, Electronic Beam Evaporation, Sputtering, and Others. On the basis of application, the market is categorized into Eyewear, Electronics, Solar Panels, Automobile, and Others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The anti-reflective coatings market is mainly driven by the constant expanding demand from different industries as well as applications. There has been technological advancement along with the presence of developed infrastructure. There is tremendous growth in the consumer electronics as well as optics & eyewear which in turn created demand for anti-reflective coatings. In addition, depletion of fossil fuel as well as global warming has created the demand for renewable energy which has created demand for solar energy. In addition, growth in industrialization along with fast changing environment followed by growing consumer awareness as well as rising disposable income is likely to fuel the market growth. However, high cost of production in addition to the lack of awareness with regards to the appropriate use & maintenance can restrict the market growth over the forecast period.
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The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of giant industries along with wide applications. Moreover, presence of developed infrastructure as well as technological advancement is likely to contribute the market growth. Asia Pacific is expected to dominate the anti-reflective coatings market in terms of growth rate owing to the rapid industrialization followed by low labor cost along with government initiatives. There has been constant development of optic & eyewear industry supported by electronics as well as development in disposable income is likely to enhance the market growth.
The major market players profiled in the anti-reflective coatings market includes AccuCoat Inc., Dupont, COCO LENI, Evaporated Coatings Inc., EKSMA Optics, Hoya Vision Care Company, Essilor, Majestic Optical Coatings, PPG Industries Inc, Optics Balzers AG, Spectrum Direct, Honeywell International Inc., Quantum Coating, ZEISS International, Optical Coatings Japan, Torr Scientific Ltd, Optimum RX Lens Specialists, Zygo Corporation, Rodenstock GmbH, and VIAVI Solutions Inc. among others.