The growing demand for an anti-reflective lens in eyewear is one of the significant factors influencing the market growth. The Global Anti-Reflective Coatings Market size is projected to be worth USD 6,875.3 Million by 2027, according to a new report by Emergen Research.
The market for anti-reflective or anti-glare coatings is experiencing rapid demand attributed to its growing application in eyewear, electronic, solar panels, and automotive. Besides, growing investments in the development of medical equipment and instruments are likely to boost the market growth as anti-reflective coatings greatly enhance the readability of displays screens even under brightly-lit settings and at difficult angles.
Rising collaborations and investment in R&D in the solar power industry to improve energy efficiency is likely to boost the market demand in the upcoming years. In September 2020, DSM Advanced Solar and SolarKapital, an Independent Power Producer (IPP) have deployed retrofit anti-reflective coating technology of DSM in CdTe panels of First Solar, achieved a 4.0% energy efficiency at a Türkenfeld, Germany’s 500kWp photovoltaic power plant.
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The anti-reflective coating lens provides you a clearer vision, thus putting less strain on eyes while focusing and are particularly appropriate for individuals who spent substantial time in front of computers, which may lead to significant eye strain. The anti-reflection coating mitigates the presence of glare on lenses, allowing clear visibility. Moreover, they offer better longevity as compared to regular lenses and provide superior scratch-resistant, along with better dirt & water-resistant.
The report further sheds light on strategic initiatives and business expansion plans undertaken by the key companies operating in the Anti-Reflective Coatings industry. The report assesses the strategies such as mergers and acquisitions, government and corporate deals, partnerships and collaborations, joint ventures, brand promotions, and product launches, among others.
Leading manufacturers profiled in the report are:
- Carl Zeiss
- Hoya Corporation
- Royal DSM
- Essilor International SA
- PPG Industries
- Optical Coatings Japan
- Honeywell International Inc.
- iCoat Company LLC
- Rodenstock GmbH
Emergen Research has segmented the global anti-reflective coatings market on the basis of resin type, technology, application, and region:
- Resin Type Outlook (Revenue, USD Billion; 2017-2027)
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Electron Beam
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Solar Panels
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Additionally, the report also offers an extensive analysis of the key elements that influence the growth of the market, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. It also offers exhaustive SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. It also offers strategic recommendations to the new entrants on how to overcome the entry-level barriers. Strategic recommendations for the established players assists them to fortify their position in the market.
The market in the Asia Pacific region is likely to grow at the fastest rate of 7.5% in the period 2020-2027, attributed to a large production base for electronics products and robust growth in the manufacturing of solar panels. China, in terms of revenue, is the largest producer and consumer of anti-reflective coatings in the region.
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