The major companies active in the global anti-reflective coatings market are Honeywell International Inc., Royal DSM, DuPont, Carl Zeiss, Hoya Corporation, Essilor, PPG Industries, iCoat Company LLC, Janos Technologies, Rodenstock GmbH, Optical Coating Japan, and Cascade Optical Corporation. These players are set to augment the development of global anti-reflective coatings market.
As per the analysts at Zion Market Research, the global anti-reflective coatings market added up for USD 3.53 Billion in 2016 and is likely to cross USD 5.71 Billion by end of 2022, developing at a CAGR of almost 8.4% from 2017 to 2022.
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Rising Acceptance Of Anti-Reflective Coatings In Electronic And Solar Applications To Foster Global Anti-Reflective Coatings Market
The global anti-reflective coatings market is likely to see noteworthy development on account of the rising acceptance of anti-reflective coatings in electronic and solar applications over the forecast period. The elevated demand for nonconventional sources of energy and increasing implementation of anti-reflective coatings in solar and electronic applications are likely to act as catalysts for anti-reflective coatings market in the near future. Global warming and the rapid reduction of fossil fuels are likely to help in the development of the solar panels market, which indirectly spurs the growth of anti-reflective coatings market. On the other hand, the lack of awareness among users and the stringent rules applied on the raw materials are likely to be major hurdles within the forecast period for the development of anti-reflective coatings market.
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Technological advancements so as to launch affordable solutions and produce high-quality goods are likely to unlock new growth of opportunities in the years to come. In addition, various mergers and acquisitions are also set to boost the anti-reflective coatings market. For example, in March 2018, the planned merger between Luxottica and Essilor was approved by the Federal Trade Commission of the U.S. without any conditions.
Rising Acceptance Of Anti-Reflective Coatings In User Electronic Gadgets To Bolster Anti-Reflective Coatings Market In North America
On the basis of technology, the electron beam evaporation sector added up for the biggest share of anti-reflective coatings market in 2016 and is likely to see noteworthy development due to its relatively low costing in comparison to the other techs. The same segment is also likely to develop in anti-reflective coatings market at a noteworthy rate due to its high environmental & mechanical durability paired with greater absorption & precision. Other techs employed in the anti-reflective coatings market include the sol-gel method, chemical vapor deposition, and spin method. Area-wise, North America was the biggest anti-reflective coatings market on the globe owing to the rising acceptance of anti-reflective coatings in user electronic gadgets. The Asia Pacific is likely to be the quickest growing anti-reflective coatings market in the years to come.
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