Anti-Reflective Coatings Market
The Global Anti-Reflective Coatings Market size valued to USD 3.78 billion in 2019; is predicted to garner USD 7.83 billion by 2030, witnessing a CAGR of 6.7% from 2020-2030.
The anti-reflective coatings are optical coatings applied on the surface of lenses, mirrors, or other optical surfaces, to reduce reflection and increase transmission of light, hence enhancing the throughput of light by controlling reflexive index. These di-electric coatings benefit in controlling the transmission and reflection of different spectral bands of light that are ultra violet radiations, visible light, and near infra-red radiations. The anti-reflective coatings hold wide applications in optics & eyewear, electronic gadgets, solar panels, automotive industries, and other industry verticals.
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Top Companies: 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 others.
The global anti-reflective coatings market share analysis is based on technology, application, and geography. Based on technology, the market is segmented into Vacuum Deposition, Electronic Beam Evaporation, Sputtering, and Others. Based on application, the market is divided into Eyewear, Electronics, Solar Panels, Automobile, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.
North American region held the highest market share of the global anti-reflective coatings market and is expected to follow a similar trend during the forecast period owing to increasing demand of anti-reflective coatings in eyewear applications as well as its growing application in consumer goods such as smartphones, cameras, flat panel displays and other electronic gadgets. Asia Pacific region is expected to to grow at a notable CAGR during the forecast period, owing to factors like multiplying population, rapid urbanization, increase in disposable incomes as well as increasing government initiatives on non-conventional sources specifically on solar panels.
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The global anti-reflective coatings market is proliferating, owing to developments in eyewear and photovoltaics industries as well as construction sector. Besides, environmental concerns like Global Warming, depleting conventional fuels, and increasing trends towards sustainable development. Solar panels being the most energy efficient with feasible installations, easy maintenance, and high-power output, prove to be the best alternative to conventional energy sources. The increasing installations of solar panels result in higher demand for anti-reflective coatings, that in-turn is anticipated in boosting-up the anti-reflective coatings market growth in future.
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