Wednesday, 13 April 2016

Anti-reflective Coatings Market to reach US$4.9 bn by 2020, Propelled by Increasing Demand for High Light Transmitting Eyeglasses : TMR

Transparency Market Research has published a new report on the global anti-reflective coatings market. As per the report, the global anti-reflective coatings market is expected to expand at an 8.2% CAGR from 2014 to 2020. The report, titled ‘Anti-reflective Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,’ states that the market is expected to progress from US$2.9 bn in 2013 to US$4.9 bn by 2020 due to factors such as the rising consumption of anti-reflection coatings in the electronics industry and the increasing demand for comfortable light transmitting eyeglasses and lenses.

Anti-reflective coatings increase visibility by arresting unwanted reflections directly from surfaces. Back-glare is one of the major problems associated with sunglasses and eyeglasses. Anti-reflective coatings eliminate the back-glare. Most anti-reflective coatings display features such as low reflectance and high transmittance.

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Anti-reflective coatings have gained noteworthy importance in the solar and electronics industries owing to such features. Many of the commonly used materials to manufacture eyeglasses and lenses have anti-reflective and high surface reflection coatings that help to reduce back-glare. Over the past few years, there have been advancements in anti-reflective coatings as they are being used as an effective reflection-reducing technique in various optical and electrical applications.

Anti-reflective coatings are used on various substrates such as sapphire, glass, Yttrium aluminum garnet (YaG), and quartz. These coatings find applications in kiosk displays, binocular lenses, telescopes, video glasses, and riflescopes. The increasing demand for anti-reflective coatings from the telecommunication industry is expected to propel the global anti-reflective coatings market in the next few years.

Factors such as environmental regulations linked with raw materials, usability issues, and poor consumer awareness are expected to hamper the growth of the global anti-reflective coatings market in the years to come. However, the increasing demand from the solar energy market is expected to benefit the global anti-reflective coatings market in the next few years. The global anti-reflective coatings market is segmented on the basis of end-users and geography. Based on end-users, the global anti-reflective coatings market is classified into solar, electronics, eyewear, telecommunication, and automobile. Anti-reflective coatings are primarily applied on lenses, eyeglasses, touch screens, smartphone displays, and flat panel displays. In 2013, the eyewear segment held a dominant share of 40% in the global anti-reflective coatings market. With the rising requirement for high light transmitting lenses and eyeglasses from eyewear buyers, the demand for various anti-reflective coatings is expected to increase in the years to come.

By geography, the global anti-reflective coatings market is divided into North America, Europe, Asia Pacific, and Rest of the World. In 2013, North America held a dominant share of 35% in the global anti-reflective coatings market. The rising demand for anti-reflective coatings from nations such as South Korea, India, and China is expected to propel the Asia Pacific anti-reflective coatings market. Some of the key players in the global anti-reflective coatings market are Carl Zeiss AG, PPG Industries Inc., Royal DSM, Hoya Corporation, JDS Uniphase Corporation, Essilor International S.A., Honeywell International Inc., and Optical Coatings Japan. Most of the key players offer anti-reflective coatings with scratch resistance, anti-static, fingerprint resistance, and easy-to-clean features.

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