The worldwide anti-reflective coatings market is projected to record around 8 percent CAGR from 2014 to 2020. It was predicted at about USD 3 billion in 2013. The market is projected to observe around USD 5 billion by 2020. Growing demand for eyewear and emitting lenses and increased utilization of coatings with anti-reflective properties in electronics propel further growth of the anti-reflective coatings market.
Coatings that are anti-reflective improve the seeing ability, as they obstruct unnecessary reflections. Hence, they are majorly used in electrical and optical applications for the efficient decrease of reflection and glare. Coatings with anti-reflective features primarily have characteristics, like high transmission power and low reflection power. The anti-reflective coatings market is fragmented on the basis of consumer applications and geographies.
The consumer applications market includes solar, automobiles, eyewear, electronics and others. Eyewear leaded the market in 2013 and accounted for about 40 percent of the share. Electronics is anticipated to expand strongly through the forecast phase. This is on account of huge anti-reflective coatings demand in smart phone displays and flat panels. On the basis of geographies, the anti-reflective coatings market is sliced into four regions.
These are Europe, North America, Asia Pacific and rest of the world. Asia Pacific is predicted to rise at a high pace in the years lying ahead. Europe is expected to experience steady demand. The expanding industries of solar and automobiles steer the market in this region. Ecological regulations in relation to efforts and client consciousness are the primary obstacles for the anti-reflective coatings market.
Information Source: Hexa Research