Sarasota, FL, Feb. 14, 2017 -- Zion Market Research has published a new report titled “Anti-Reflective Coatings Market by Technology (Electron Beam Evaporation, Sputtering, and Others) for Eyewear, Electronics, Solar, Automotive and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, the global anti-reflective coatings market accounted for USD 3.53 Billion in 2016 and is expected to reach USD 5.71 Billion by 2022, growing at a CAGR of around 8.4% between 2017 and 2022.
The global anti-reflective coatings market is expected to witness significant growth over the forecast period on account of the increasing adoption of anti-reflective coatings in solar and electronic applications. Anti-reflection coatings are used to reduce the loss of light in multi-element lenses by making use of phase changes and the dependence of reflectivity on the index of refraction. The coating includes a light absorbing dye that reduces the losses due to defects and increases the yield of usable product. The growing implementation of anti-reflective coatings in electronic and solar applications and the demand for nonconventional sources of energy are expected to drive the demand for anti-reflective coatings market within the forecast period. The rapid depletion of fossil fuels and global warming are expected to aid the growth of the solar panels market consequently spurring the demand for anti-reflective coatings. However, the stringent regulations imposed on the raw materials and the lack of awareness among consumers is expected to be a major restraint for the growth of anti-reflective coatings market within the forecast period. Technological advancements in order to uncover cost-effective solutions and manufacture high-quality products are expected to open new avenues of opportunities in the coming years.
Browse through 13 Market Tables and 28 Figures spread through 167 Pages and in-depth TOC on “Global Anti-Reflective Coatings Market: By Technology, Application, Type, Size, Share, Analysis, Segment and Forecast 2016 – 2022”.
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Based on technology, the electron beam evaporation accounted for the largest market share in 2016 and is expected to witness significant growth owing to its relatively low pricing as compared to the other technologies. The sputtering segment is also expected to grow at a significant rate owing to its high mechanical & environmental durability along with greater precision & absorption. Other technologies used for deposition of anti-reflective coatings consist of chemical vapor deposition, the sol-gel method, and spin method.
Eyewear segment dominated the anti-reflective coatings market among applications with a major share of the total market. Rising population with vision correction disorders coupled with superior properties of the product is expected to spur the growth of the anti-reflective coatings market within the forecast period. Electronics segment accounted for the second largest market share of anti-reflective coatings in 2016 and is expected to grow in light of demand from smartphone and flat panel displays across the globe. The increasing demand for solar panels and solar energy to meet the energy requirements of the world is expected to augment the demand for antireflective coatings for solar applications within the forecast period. Other applications of anti-reflective coatings include kiosk displays, telescopes, riflescopes, video glasses and binocular lenses.
Browse the full "Anti-Reflective Coatings Market by Technology (Electron Beam Evaporation, Sputtering, and Others)for Eyewear, Electronics, Solar, Automotive and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/anti-reflective-coatings-market
North America is expected to witness lucrative growth within the forecast period. North America accounted for the largest market share for anti-reflective coatings across the globe. Increasing adoption of anti-reflective coatings in consumer electronic devices such as tablets, smartphones, cameras etc. is expected to be the major driver for the market in this region. Changing lifestyle and technological advancements (gadgets, devices etc.) have also increased the number of people with vision disorders. This is expected to aid the growth of anti-reflective coatings market in the region. The rapid rate of depletion of fossil fuels and demand for the reduction of greenhouse gasses are creating opportunities for solar energy in North America is also expected to contribute positively towards the growth of anti-reflective coatings market.
Europe is expected to witness significant market growth owing to demand from solar power and automobile end users. The growing requirement for alternative energy sources has increased the adoption of solar cells and solar panels in Europe. The automobile industry in the region is also expected to aid the growth of the anti-reflective coatings market owing to its applications in windshields, GPS panels etc. The rising awareness in Europe regarding the harmful effects of radiations from electronic devices is expected to aid the growth of the eyewear application segment within the forecast period. The region is expected to witness significant growth on account of various subsidies and legislations by the governing bodies to adopt solar energy solutions.
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Asia Pacific is expected to be the fastest growing regional segment for the anti-reflective coatings market within the forecast period. This can be attributed to the increasing demand from countries like China, India and South Korea. The large population and increasing need for nonconventional energy sources in Asia Pacific are expected to drive the demand for anti-reflective coatings in the future. In addition, Renewable Energy Law passed in China has encouraged the adoption of nonconventional energy sources such as solar energy. This is also expected to aid the growth of anti-reflective coatings market in the coming years.
Latin America is expected to witness moderate growth within the forecast period. The demand for anti-reflective coatings in the automotive sector is expected to be a major driver for the market in Latin America. Rising health awareness and population with vision disorders are also expected to boost the growth of anti-reflective coatings market in the future.
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The key players operating in the global anti-reflective coatings market are Royal DSM, Honeywell International Inc., Carl Zeiss, DuPont, Essilor, Hoya Corporation, iCoat Company LLC, PPG Industries, Rodenstock GmbH, Janos Technologies, Cascade Optical Corporation and Optical Coating Japan.
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This report segments the global anti-reflective coatings market as follows:
Global Anti-Reflective Coatings Market: Technology Segment Analysis
- Electron Beam Evaporation
- Sputtering
- Others
Global Anti-Reflective Coatings Market: Application Segment Analysis
- Eyewear
- Electronics
- Solar
- Automotive
- Others
Global Anti-Reflective Coatings Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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