Anti-reflective Coatings Market to Grow at 6.7% CAGR by 2030
Consistently expanding applications of anti-reflective coatings in different industries linked with rising demand from emerging economies, and technological advancement in the anti-reflective coatings are expected to drive the growth of Anti-reflective coatings industry during the forecast period of 2020-2030.
The Anti-reflective Coatings Market is expected to grow at the CAGR of 6.7% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Anti-reflective coatings are specially designed to reduce the reflection by increasing the light transmittance through the surface. It has wide application in different industries on a large scale such as automotive, eyewear, solar panels & many more. These coatings are able to control the transmission as well as reflection of light rays with different wavelength. The anti-reflective coatings are made up of thin transparent films with alternative layers of contrasting refractive index.
According to the report, consistently expanding applications of anti-reflective coatings in different industries linked with rising demand from different end users. There has been constant technological advancement taken place in the industry accompanied by the presence of develop infrastructure. In addition, burgeoning demand for eye protection as well as eyewear along with surge in the demand for electronics are also expected to enhance the market growth. Moreover, there has been constant development in the consumer awareness along with growth in disposable income are also likely to fuel the market growth. On the other hand, growing concerns with respect to global warming as well as constant depletion of fossil fuels has raised the demand for renewable energy such as solar energy which in turn created the demand for anti-reflective coatings market as well as changes the market trend.
However, high cost associated with the production of anti-reflective coatings along with lack of awareness among consumer with regards to maintenance & usage may impede the market growth. Moreover, Untapped opportunities from the developing economies as well as rising adoption of these coatings is anticipated to provide numerous opportunities to the market in the coming few years.
On the basis of technology, the anti-reflective coatings market share is segmented into Vacuum Deposition, Electronic Beam Evaporation, Sputtering, and Others. Sputtering dominates the global anti-reflective coatings market in terms of growth rate and will be the dominant during the forecasted period.
On the basis of application, the anti-reflective coatings market is categorised into Eyewear, Electronics, Solar Panels, Automobile, and Others. Eyewear is the major application of the anti-reflective coatings and is expected to transform the anti-reflective coatings market trend. In 2015, eyewear application dominates the segment and is expected to grow at moderate CAGR to maintain the led in 2030.
North America is likely to account for the highest market size & share of the anti-reflective coatings market in the forecast period 2020–2030 owing to the huge demand for the anti-reflective coatings from different industries as well as technological advancements. Europe accounts for the second leading position in the anti-reflective coatings market size. Asia Pacific is expected to be the fastest developing region in the anti-reflective coatings market which is majorly driven by growing demand of optics & eyewear. Moreover, growing industrialization along with high consumer awareness as well as disposable income are also expected to anticipate the market growth.
According to the report, some the key players in the anti-reflective coatings market are 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..
Browse key industry insights from the report at https://www.nextmsc.com/report/anti-reflective-coatings-market in detail along with the table of contents:
Key Insights from the Anti-reflective Coatings Market Report:
- Asia Pacific is the fastest growing Anti-reflective Coatings market owing to the rising demand for the anti-reflective coatings from different end user as well as growth in industrialization along with rising disposable income.
- The Sputtering technology dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.
- Some of the major players in the market are 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.
The report Anti-reflective Coatings market – segmented by technology, application and geography
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