Anti-reflective Coatings Market: Burgeoning Demand for High Quality Light Transmitting Lenses to Bolster Growth & Analysis

The burgeoning demand for innovative and advanced anti-reflective coatings from consumers has impelled manufacturers to increase funding on research and development projects, states Transparency Market Research (TMR) in a new report. To maintain a strong hold in the global anti-reflective coatings market, the leading companies are focusing on the development of innovative anti-reflective coatings, such as those inspired by the eyes of moth. Some of the key players operating in the global anti-reflective coatings market are Essilor, Carl Zeiss, Optical Coatings, PPG, and Rodenstock. To gain an edge over their competitors, key manufacturers are producing anti-reflective coatings that are easy-to-clean, anti-static, fingerprint resistant, and scratch resistant.

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The global anti-reflective coatings market is likely to exhibit a CAGR of 8.2% between 2014 and 2020. In 2013, the market stood at US$2.9 bn in and is likely to rise to a valuation of US$4.9 bn by the end of 2020. The eyewear sector emerged as the leading end user in 2013 with a share of 40% in the global anti-reflective coatings market. The demand for quality and high-light-transmitting lenses and eyeglasses is one of the key factors driving the growth of the eyewear segment. Anti-reflective coatings expand the visibility range of eyewear and lenses by enhancing the contrast levels of the direct surrounding. They also help in the elimination of back glare from sunglasses and eyeglasses.

North America to Emerge Dominant but Asia Pacific to Witness Strong Growth

Regionally, North America emerged dominant in terms of consumption of anti-reflective coatings in the global anti-reflective coatings market. It held a share of almost 35% in 2013 owing to the high demand for anti-reflective coatings from manufacturers of smartphone displays, lenses, and eyeglasses in the region. However, Asia Pacific is projected to rise as the leading region in terms of growth over the forthcoming years. The strong growth of Asia Pacific can be attributed to the growing awareness among users in the region regarding anti-glare lenses and spectacles and the mounting demand for electronics. The rising deployment of solar panels to fulfill the rising energy requirements is further expected to boost the sales of anti-reflective coatings in the region.

Growth of Anti-reflective Coatings Market Steered by Electronics Industry

According to a TMR analyst, “The growth of the global anti-reflective coatings market can be attributed to the burgeoning applications of anti-reflective coatings in the electronics industry.” Anti-reflective coatings are extensively used in semiconductors and flat panel displays due to features such as low reflectance and high transmittance. Anti-reflective coatings can be applied on various substrates such as yttrium aluminum garnet (YaG), quartz, sapphire, and glass. They also find applications in video glasses, riflescopes, telescopes, kiosk displays, and binocular lenses. The demand for anti-reflective coatings is further expected to rise in the long run owing to their proliferating applications in the telecommunication and solar industries.

Issues Related to Usability to Limit Sales of Anti-reflective Coatings

In spite of all the advantages that anti-reflective coatings provide, the issues associated with their usability are likely to limit their sales over the forthcoming years. Moreover, tepid consumer awareness regarding the benefits provided by anti-reflective coatings and strict environmental regulations regarding raw materials used in the manufacturing of anti-reflective coatings are expected to hinder the growth of the market in the long run. However, manufacturers are likely to gain profitable growth opportunities from the growing use of solar panels for meeting energy requirements of industries. The growth of the solar energy market is expected to open a plethora of opportunities for the growth of the anti-reflective market.

This review is based on a Transparency Market Research report titled, “Ant-reflective Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

Key Segments of the Global Anti-Reflective Coatings Market

Anti-reflective Coatings Market - End-user Analysis
Eyewear
Electronics
Solar
Automobile
Others (Including telecommunication, etc.)

Anti-reflective Coatings Market - Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (Includes Latin America, the Middle East and Africa)

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