Published on : Apr 25, 2017
Albany, New York, April 25, 2017: The report gives a detailed analysis of all the important parameters, including competitive scenario, trends, and opportunities of the market. According to the report, the global anti-reflective coatings market is estimated to register a CAGR of nearly 8% between 2017 and 2021.
Anti-reflective coatings is widely consumed across the automotive sector and therefore, with the robust growth of the industry worldwide, the global anti-reflecting coatings market is likely to rake in a healthy share of the revenue pie. These coatings find application in sensors, driver assistance systems, windows, head-up displays, camera technology, IR-based night vision systems, windscreens, and lane departure assistance systems. In addition, the mounting demand from the solar industry is augmenting the market.
On the flip side, the protean prices of raw materials are adversely affecting the overall revenue generation of the global market. Nevertheless, the widening scope of applications of these coatings is boosting the growth prospects of the market. Advancements in the field are leading to their utilization in medical applications for the analysis, diagnosis, and treatment of disorders. Moreover, the rising usage of these coatings in eyewear is opening new avenues for key players in the anti-reflecting coatings market.
On the basis of application, the global anti-reflective coatings market is fragmented into eyewear, automobile, electronics, and solar. The eyewear segment will continue to represent the leading share in the revenue pie of the market until 2021. The merits of anti-reflective coatings such as anti-scratch, reduced reflection, and optical transparency are driving their adoption in the manufacturing of eyewear. In addition, the rising demand for visual correction solutions is fuelling the growth of the segment.
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Based on geography, the segments reviewed in the report are Asia Pacific, Europe, North America, and Rest of the World. North America was the dominant region in 2016. The swelling demand for anti-reflective coatings in eyewear, lenses, and flat panel display screens is assisting the region in retaining its position. Besides this, the growing investments in the military and defense sector are propelling the growth of the region.
The global anti-reflective coatings market features a high degree of competition. Players in the arena are competing in terms of price and quality. The increasing demand for anti-reflective coatings with fingerprint resistant, easy-to-clean, anti-scratch, and anti-static properties are prompting players to aim at product innovation. Market participants are also focusing towards research and development activities to stay ahead. The leading vendors are Essilor, Royal DSM, Zeiss, PPG Industries, and Asahi Glass. Other prominent companies operating in the global anti-reflective coatings market are Honeywell International, DuPont, Rodenstock, Janos Technology, and HOYA.
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