Anti-Reflective Coatings Market Analysis, Growth, Trends and Forecasts to 2024A Chapter by Markets InsightsThe global Anti-Reflective Coatings Market is projected to exceed USD 6 billion by 2024.Volumes in the global Anti-Reflective
Coatings Market are
estimated to be over 510 kilo tons by 2024. With a CAGR exceeding 6% from
2016 to 2024 (forecast period), the market would be valued about USD 6
billion in 2024. Demand for AR coatings is mainly pushed by higher
preference for anti-glare & anti-reflection lenses/eyewear. The consumption of such coatings in optical and electrical/electronic
applications has created huge industry opportunities. These applications should
trigger further demand in the near future. The advantages of AR coatings
include back glare removal, improved transmittance, and lower reflectance.
Their use delivers much better picture quality on devices; like
monitors, televisions, etc. Moreover, AR coatings can capture clearer and
‘close-to-real’ images from optical lenses. Chief factors favoring the market are burgeoning worldwide population and
the need for ‘vision correction.’ Boom in electronics & semiconductor
industries coupled with expansion across flat panel displays is expected to
positively impact market consumption. Browse Details of Report @ https://www.hexaresearch.com/research-report/anti-reflective-coatings-market
Focus on renewable energy is projected to create new avenues for AR
coatings. Owing to their anti-reflective properties, they could become integral
to solar panels in the forthcoming years. However, consumers in the
Anti-Reflective Coatings Market are not fully aware of the uses and benefits of
these products. This inhibits market growth. Furthermore, soaring prices of key
raw materials, like magnesium chloride may have an adverse effect. The industry is split on the basis of end-users and geographies.
Electronics, telecommunications, eye-wear, automotives, and solar constitute
the end-users. Eye-wear dominated in 2015. The demand for ‘anti-reflective’
spectacles and lenses is proliferating due to superior optical experience
offered by AR coatings. Consumers are willing to spend more on comfort and
higher visibility, especially while driving at night. Electronics was the second-largest segment in 2015. It is said to grow
lucratively during the forecast period. AR coatings are mainly used in
smartphone displays and flat glass panels. They are also incorporated in
semiconductors. Solar would grow at the fastest rate till 2024. When used in
solar panels, AR coatings transmit more light and curb its reflection. Geographically, the Anti-Reflective Coatings Market is divided into North
America, Asia Pacific, Europe, Latin America, and the MEA (The Middle East
& Africa). North America has been leading since 2013. This can be
attributed to abundant demand for flat panel displays, lenses, and eyeglasses
in the U.S. and Canada. Europe should generate high demand for solar panel
applications. Robust automotives industry in France, Germany, and the U.K. may
spur Europe. Asia Pacific is predicted to emerge as an important region by 2024. It is
the manufacturing hub of many industries. Large-scale solar projects in India,
China, and Bangladesh will contribute regional expansion. Famous players in the worldwide anti-reflective (AR) coatings market
comprise Honeywell International Inc., Carl Zeiss AG, Essilor International
S.A., and Optical Coatings Japan. Royal DSM, JDS Uniphase Corporation, and Hoya
Corporation are the other well-known vendors. To stay competitive, majority of these participants emphasize on
developing easy-to-clean products with scratch & fingerprint resistance and
anti-static properties. Due to the challenging economic environment globally,
small & medium manufacturers are finding it difficult to sustain their
businesses. This fuels industry consolidation by way of mergers &
acquisitions. About Us: Hexa
Research is a market research and consulting organization, offering industry
reports, custom research and consulting services to a host of key industries
across the globe. We offer comprehensive business intelligence in the form of
industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan
Shaw Hexa
Research Felton
Office Plaza 6265
Highway 9 Felton,
California 95018 United
States Phone:
+1-800-489-3075 Email:
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Added on July 21, 2017 Last Updated on July 21, 2017 Tags: anti-reflective coatings market, anti-reflective coatings market , anti-reflective coatings market , anti-reflective coatings market , anti-reflective coatings market AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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