Anti-reflective coatings market will grow at a CAGR of 8.2% during the forecast period, according to TMR study

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  • Growing demand for use in solar power generation and telecommunications industries is expected to drive the global anti-reflective coatings market
  • The automotive industry has emerged as a key end-use segment in the global anti-reflective coatings market owing to the increasing use of high transmission windows and dashboards of several vehicles.

ALBANY, NY, May 4, 2022 /PRNewswire/ — The global market for anti-reflective coatings was at US$4.2 billion in 2020. The global market is expected to grow at a CAGR of 8.2% during the forecast period, 2021 to 2031. The global anti-reflective coatings market is expected to reach a valuation of $11.65 billion by 2031. Anti-reflective coatings are gaining popularity in a host of industries as their applications expand. Touchscreens in electronic gadgets, glasses, smartphone screens and flat screens use anti-reflective coatings. The growth of the global anti-reflective coatings market is mainly driven by the increasing usage in these existing application areas.

The global anti-reflective coatings market is expected to primarily benefit from the growing demand from telecommunications and solar energy industries. These coatings are thin optical films that minimize reflections from a range of surfaces. Anti-reflective coatings improve transmission by reducing light loss due to reflection. Almost 4% of all light falling on glass at a perpendicular tilt is lost, due to reflection at the point where the glass meets the air. In such circumstances, the proportion of light lost increases as the angle of incidence of the light increases.

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Light reflected from solar panels, in particular, is wasted light. The use of anti-reflective coatings on the glass of solar panels helps to reduce light reflection and therefore improve light transmission. In order to gain a competitive edge, players in the global anti-reflective coatings market are accelerating the development process and opening up new revenue streams. Market players are overcoming obstacles and expanding their service offerings to gain a strategic advantage in the market.

Key Findings of the Market Report

  • The global market is driven by the increasing use of anti-reflective coatings in solar energy, eyewear, electronics, and automobiles, among other applications. The eyewear industry is one of the major end users of anti-reflective coatings today, and the trend is expected to continue in the years to come. Anti-reflective coatings are in high demand in the market for high light transmission products and comfortable glasses and contact lenses.

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  • Anti-reflective coatings are also widely used in the electronics industry. The electronics sector is a major end-consumer of the market owing to the booming smartphone industry, growing demand for flat panel displays, and the use of anti-reflective coatings during photolithography in semiconductor production . The automotive industry has emerged as a major end-use industry in the global anti-reflective coatings market owing to the increasing use of products such as high transmission windows and dashboards in a range of vehicles.
  • In 2020, North America held approximately 35% of the global market for anti-reflective coatings. Due to the mere presence of well-established solar energy, eyewear and automotive industries, the Europe The market for anti-reflective coatings has seen steady development in recent years.

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Anti-Reflective Coatings Market: Growth Drivers

  • Anti-reflective coatings are applied to Yttrium Aluminum Garnet (YaG), glass, sapphire, and quartz, among many other substrates. Video glasses, kiosk displays, telescopes, binocular lenses, and rifle scopes all use these coatings. Over the next few years, the global anti-reflective coatings market is also expected to be propelled by the growing demand from the telecommunications industry.
  • the Asia Pacific The anti-reflective coatings market is expected to show strong growth prospects in the coming years. Strong demand from the electronics industry, coupled with the steady expansion of the regional solar energy and automotive industries, is expected to drive the regional market in the near future.

Global Anti-Reflective Coatings Market: Key Competitors

  • Honeywell International Inc.
  • Carl Zeiss AG
  • Essilor International S.A.
  • JDS Uniphase Corporation
  • Optical coatings Japan
  • Royal DSM SA

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Global Anti-Reflective Coatings Market: Segmentation

Final user

  • Glasses
  • Electronic
  • Solar
  • Car
  • Others

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