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The Global Anti-reflective Coatings Market is growing continually, mainly, due to the proliferation of smartphones and solar panels. Besides, specific applications of these coatings in prominent end use industries, such as automotive and electronics are acting as major tailwinds pushing up the growth in the market. Moreover, developments in coating technologies accelerate the market growth on a global level.
According to Market Research Future (MRFR), the global anti-reflective coatings market is expected to garner a valuation of USD 5.8 BN by 2027. In its recently published report, MRFR also asserts that the market would register a CAGR of 8.7% throughout the forecast period (2020 – 2027). The changing lifestyle of consumer that has been leading to the increased size of the fashion eyewear market would boost the market growth. Government policies regarding usage of anti-reflective coatings, especially in optical glasses led by the increasing eye disorders would impact the market growth, positively. There has been a spurting rise in spending on electronic devices, especially big flat TVs which need anti-reflective coatings with high definition display. Therefore, rise in the production of television sets and smartphones are expected to continue to boost the market demand.
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Global Anti-Reflective Coatings Market –Segments
The report is segmented into three market dynamics to widen the scope of understanding,
By Technology : Electron Beam Evaporation and Sputtering
By Application : Eyewear, Automobile, Electronics, and Solar Power Systems, among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Global Anti-Reflective Coatings Market - Regional Analysis
North America accounts for the significant share in the global anti-reflective coatings market. Increase in demand and production of smartphones, tablets, cameras, etc., fosters the growth of the market. Moreover, the presence of many major players and the adoption of advanced coating technology boost the regional market growth. The US and Canada, backed by the increasing government support for R&D activities, majorly contribute to the anti-reflective coatings market in the region.
The Asia Pacific region accounts for the second-largest market for anti-reflective coatings, globally. The rise in demand for high-quality anti-reflective coatings, increasing numbers of production capacities, and encouraging government support for the development of advanced coatings drive the regional market growth. The region has been attracting foreign investors with its favorable government policies, cost-competitive workforce, and raw material advantage. This, as a result, has resulted in increasing the numbers of manufacturing plants of anti-reflective coatings in the region.
The anti-reflective coatings market in the European region is emerging as a promising market globally. The proliferation of solar energy and the production of electronics is a key driving force behind the growth of the market. Besides, the rapid adoption of advanced anti-reflective coatings is fostering the regional market. Also, the economy in the region that is witnessing a constant rise alongside, the rapid industrialization pushes up the market growth. The region is further expected to grow at a considerable CAGR during the projected period.
Global Anti-Reflective Coatings Market - Competitive Analysis
Highly competitive, the anti-reflective coatings market appears to be fragmented due to the presence of many key players. Mergers & acquisitions, collaborations, innovation, expansion, and brand reinforcement remain key trends of these players. Those players compete on innovation, product features, quality, cost, and financial stability. To maintain their market position, players focus on developing their product portfolio utilizing advanced technologies.
Players invest substantially in internal R&D and, most of all, in acquiring small yet promising firms. Manufacturers are targeting more investments in the development of technology and improving their already existing products. Increasing government support and funding is motivating the manufacturers to develop coating with improved quality, and that can match the changing needs of the patrons.
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Major Players:
Players leading the global anti-reflective coatings market include Carl Zeiss AG, Royal DSM, Honeywell International Inc, Essilor International Co., Hoya Corporation, PPG Industries Inc, Cascade Optical Corporation, Rodenstock GmbH, Janos Technology Inc, and iCoat Company LLC, among others.
About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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Market Research Future
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