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Global Anti-Reflective Coatings Market Report 2020-2030: Increasing Installations of Solar Panels Boost the Demand for Anti-reflective Coatings

Dublin, Dec. 07, 2020 (GLOBE NEWSWIRE) — The “Anti-Reflective Coatings Market by Technology, by Application – Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s offering. The Global Anti-reflective Coatings Market was valued at USD 3.78 billion in 2019 and is estimated to surpass USD 7.83 billion by 2030, expanding at a CAGR of 6.7% during the forecast period between 2020 and 2030. The volumetric sale in the global anti-reflective coatings market was 449.18 kilotons in 2019, and is projected to reach 853.32 kilotons at a CAGR of 5.9% during the forecast period.Anti-reflective coatings are optical coatings applied on the surface of lenses, mirrors, or other optical surfaces to reduce reflection, increase transmission of light, and thereby enhancing the throughput by controlling reflexive index. These di-electric coatings help control the transmission and reflection of different spectral bands of light such as ultraviolet radiations, visible light, and near infra-red radiations. Anti-reflective coatings have wide applications in optics & eyewear, electronic gadgets, solar panels, automotive industries, and other industry verticals. These coatings provide benefits such as improved vision clarity, extended life of the lenses, reduce blue light exposure, and protection against UV-rays.Market Dynamics and TrendsThe growth of the global anti-reflective coatings market is attributed to the developments in eyewear, photovoltaics, and construction industries. Increasing installations of solar panels boost the demand for anti-reflective coatings. However, high manufacturing costs and lack of knowledge regarding proper maintenance and usage of anti-reflective coatings hinders the growth of the market. Conversely, growing application of anti-reflective coatings on the screens of smartphones, televisions, laptops, electronic gadgets, and solar panels in emerging economies are creating lucrative opportunities in the global anti-reflective coatings market.Market Segmentations and Scope of the Study:The global anti-reflective coatings market is divided based on technology, application, and geography. On the basis of technology, the market is segmented into vacuum deposition, electronic beam evaporation, sputtering, and others. In terms of application, the market is segregated into eyewear, electronics, solar panels, automobile, and others. Based on geography, the global anti-reflective coatings market is fragmented into North America, Asia-Pacific, Europe, and Rest of the World (RoW).Geographical AnalysisNorth American held the major share of the global anti-reflective coatings market in 2019 and this trend is expected to continue during the forecast period owing to the increasing demand for anti-reflective coatings in eyewear applications and growing application in consumer goods such as smartphones, cameras, and flat panel displays.The market in Asia Pacific is expected to expand at a high CAGR during the forecast period, owing to the factors such as rapid urbanization, increase in disposable incomes, and rise in government initiatives on non-conventional energy sources, specifically solar panels.Competitive LandscapeMajor players in the anti-reflective coatings market include Essilor International, Carl Zeiss AG, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Honeywell International, PPG Industries, Hoya Corporation, Viavi Solutions, Inc., Optical Coatings Japan, and Rodenstock GmbH.In March 2019, ZEISS International, an international technology enterprise operating in the fields of optics and optoelectronics, launched its advanced UV-protect technology that claims total UV protection i.e. up to 400nm in a clear eyeglass lens. ZEISS UV-Protect technology is made-available in all ZEISS-branded lenses.In March 2020, PPG Industries Inc. announced the motorsports debut of its ballistic, canopy-like windscreen, a key component of the NTT INDYCAR SERIES. PPG windscreen contains an interior anti-reflective coating and an anti-fogging device. Moreover, it weighs 17.3 pounds and can withstand a two-pound object striking it at more than 220 miles per hour. Its titanium frame weighs 27.8 pounds and can withstand 34,000 pounds of force.KEY MARKET SEGMENTS:Global Anti-Reflective Coatings Market – By Technology Vacuum DepositionElectronic Beam EvaporationSputteringOthers Global Anti-Reflective Coatings Market – By Application EyewearElectronicsSolar PanelsAutomobileOthers Global Anti-Reflective Coatings Market -By Geography North AmericaU.S.CanadaMexicoEuropeUKGermanyFranceRussiaTurkeyRest of EuropeAsia-PacificChinaIndiaJapanAustraliaSouth KoreaRest of Asia-PacificRoWUAESaudi ArabiaSouth AfricaBrazilRemaining Countries KEY PLAYERS: Essilor InternationalCarl Zeiss AGE. I. du Pont de Nemours and CompanyKoninklijke DSM N.V.Honeywell InternationalPPG IndustriesHoya CorporationViavi Solutions, Inc.Optical Coatings JapanRodenstock GmbH. For more information about this report visit https://www.researchandmarkets.com/r/cmjf82 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT:
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