Global Anti-Reflective (AR) Coatings Market Analysis, Trends and Future Outlook Report till 2024A Story by MarshGlobal Anti-Reflective (AR) Coatings Market are Estimated to be over 510 kilo tons by 202414 January 2019, Volumes in the Global
Anti-Reflective (AR) Coatings Market are estimated to be over 510 kilo tons by
2024. With a CAGR exceeding 6% from 2016 to 2024 (forecast period), the market
would be valued about USD 6 billion in 2024. Demand for AR coatings is mainly
pushed by higher preference for anti-glare & anti-reflection
lenses/eyewear. The consumption of such coatings in optical and
electrical/electronic applications has created huge industry opportunities.
These applications should trigger further demand in the near future. The
advantages of AR coatings include back glare removal, improved transmittance,
and lower reflectance. Their use delivers much better picture quality on devices;
like monitors, televisions, etc. Moreover, AR coatings can capture clearer and
‘close-to-real’ images from optical lenses. Chief factors favoring the market are
burgeoning worldwide population and the need for ‘vision correction.’ Boom in
electronics & semiconductor industries coupled with expansion across flat
panel displays is expected to positively impact market consumption. Focus on renewable energy is projected to
create new avenues for AR coatings. Owing to their anti-reflective properties,
they could become integral to solar panels in the forthcoming years. However,
consumers in the Anti-Reflective Coatings Market are not fully aware of the
uses and benefits of these products. This inhibits market growth. Furthermore,
soaring prices of key raw materials, like magnesium chloride may have an
adverse effect. The industry is split on the basis of
end-users and geographies. Electronics, telecommunications, eye-wear,
automotives, and solar constitute the end-users. Eye-wear dominated in 2015.
The demand for ‘anti-reflective’ spectacles and lenses is proliferating due to
superior optical experience offered by AR coatings. Consumers are willing to
spend more on comfort and higher visibility, especially while driving at night. Electronics was the second-largest segment in
2015. It is said to grow lucratively during the forecast period. AR coatings
are mainly used in smartphone displays and flat glass panels. They are also
incorporated in semiconductors. Solar would grow at the fastest rate till 2024.
When used in solar panels, AR coatings transmit more light and curb its
reflection. Geographically, the Anti-Reflective Coatings
Market is divided into North America, Asia Pacific, Europe, Latin America, and
the MEA (The Middle East & Africa). North America has been leading since
2013. This can be attributed to abundant demand for flat panel displays,
lenses, and eyeglasses in the U.S. and Canada. Europe should generate high
demand for solar panel applications. Robust automotives industry in France,
Germany, and the U.K. may spur Europe. Asia Pacific is predicted to emerge as an
important region by 2024. It is the manufacturing hub of many industries.
Large-scale solar projects in India, China, and Bangladesh will contribute
regional expansion. Famous players in the worldwide
anti-reflective (AR) coatings market comprise Honeywell International Inc.,
Carl Zeiss AG, Essilor International S.A., and Optical Coatings Japan. Royal
DSM, JDS Uniphase Corporation, and Hoya Corporation are the other well-known
vendors. To stay competitive, majority of these
participants emphasize on developing easy-to-clean products with scratch &
fingerprint resistance and anti-static properties. Due to the challenging
economic environment globally, small & medium manufacturers are finding it
difficult to sustain their businesses. This fuels industry consolidation by way
of mergers & acquisitions. Browse Details of Report@ https://www.hexaresearch.com/research-report/anti-reflective-coatings-market © 2019 Marsh |
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Added on January 14, 2019 Last Updated on January 14, 2019 Tags: Anti-Reflective Coatings Market, Anti-Reflective Coatings, Anti-Reflective Coatings Market AuthorMarshFelton, CAAboutInformation about New Innovation in healthcare Sector, new trends, technology development more..Writing
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