Anti-reflective coatings have surfaces as effective coatings for glare and reflection reduction in several optical and electrical appliances in the last few years. Anti-reflective coatings capture the undesired reflection from the surfaces, thus raising the visibility. These coatings also eradicate back-glare, which is a core problems associated with sunglasses and eyeglasses. Many anti-reflective coatings feature low reflectance and high transmittance. These coatings have gained importance in the solar and electronics industries due their beneficial aspects.
Some of the materials that used in the process of manufacturing eyeglasses and lenses have a high surface reflection and these coatings aid in reducing these reflections. The rising demand for enhanced light transmitting lenses and eyeglasses and the increasing consumptions of anti-reflective coatings in the eyewear and electronics sector is expected to benefit the global market in the coming years. However, the market is expected to face hindrance from the dearth of awareness among potential consumers, strict environmental regulations, and usability issues.
The global market for anti-reflective coatings is expected to expand at a CAGR of 8.2% from 2014 to 2020. The market was worth US$2.9 bn in 2013 and is expected cross US$4.9 bn by the end of 2020.
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Eye to Emerge as Leading End User
In 2013, the global market for anti-reflective coating was dominated by the eyewear sector with a share of over 40% in the same year. Anti-reflective coatings are used on a huge variety of substrates such as quartz, yttrium aluminum garnet, and sapphire. Other of its noteworthy applications include binocular lenses, video glasses, riflescopes, telescopes, and kiosk displays. Anti-reflective coatings decrease the effect of unwanted reflections, thus leading to higher level of comfort and better reading and driving experiences. However, eyewear is expected to lead until the end of the forecast period, electronics is expected to emerge as one of the potential sectors supporting growth of the market and the second in terms of end use.
Growing demand for anti-reflective coatings from the displays of smartphones and flat panel displays is expected to display potential market growth. Furthermore, anti-reflective coatings are employed in the photolithography phase of semiconductor fabrication. It removes reflective scoring and upended waves thus improving the procedure of lithography. On the other hand, the solar industry is one of the firmest end user segments for anti-reflective coatings is expected to compel the market growth during the years ahead. Automobiles are also well-thought-out as one of the prime vents for anti-reflective coatings due to increasing demand for dashboards, GPS displays, and window shields.
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North America to Continue its Lead
North America was the leading regional market for anti-reflective coatings market in 2013 and held a share of almost 35% in the same year. Growing demand for anti-reflective coatings from smartphone displays, lenses, and eyeglasses is pushing the growth of the market in this region. The demand for anti-reflective coatings in Europe is also rising due to the growing use in the automobile and solar industry. The demand for anti-reflective coatings in Europe from the eyewear industry is anticipated to show steady demand in the years ahead. Asia Pacific is anticipated to be the leading market in terms of growth for anti-reflective coatings over the course of the forecast period. Snowballing demand for anti-reflective coatings from nations such as South Korea, India, and China is anticipated to reassure potential market progress in this region.
The leading regions in the market are JDS Uniphase Corporation, Hoya Corporation, Optical Coatings Japan, Royal DSM, Honeywell International Inc., PPG Industries Inc., Essilor International S.A., and Carl Zeiss AG.