Global Antireflective Coatings Market is expected to garner $4,858 million by 2022: Allied Market Research
Global Antireflective Coatings Market was valued at $2,818 million in 2015 and is expected to garner $4,858 million by 2022, registering a CAGR of 8.2% during the forecast period 2016 – 2022. Antireflective coatings are dielectric coatings designed to decrease reflection and increase transmittance through a lens or any other optical surface. These coatings are able to control both transmission and reflection properties with respect to UV rays, visible light, and near-IR spectral bands. Antireflective coatings find applications in multiple industries such as eyewear, electronics, solar panels, automobile, and others.
The global antireflective coatings market is segmented based on technology, geography, and application. On the basis of technology, the market is categorized into vacuum deposition, electronic beam evaporation, sputtering, and others (ion assisted deposition). Antireflective coatings market application covered in the study include eyewear, electronics, solar panels, automobile, and others (telecommunications, telescope, and binocular lenses).
Antireflective Coatings Market Segmentation
The global antireflective coatings market is majorly driven by developments in the eyewear & photovoltaics industry and increase in applications of antireflective coating in the construction sector. However, high manufacturing costs and lack of awareness about maintenance and appropriate usage of these coatings hinder the growth of the market.
Top Investment Pocket
The solar panels segment is the top investment pocket of the global antireflective coatings market owing to the rapid adoption of antireflective coatings in the photovoltaics industry. The advantages of using antireflective coatings in solar panels such as improved efficiency and increase in power output have fueled the adoption of these coatings in the photovoltaics industry. Moreover, rise in installation of solar panels is expected to drive the market growth.
Antireflective Coatings Market Top Investment Pocket
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share in 2015, owing to increase in applications of these coatings in eye glasses and increase in their incorporation in solar panels due to their ability to improve energy efficiency.
Global Antireflective Coatings Market Share by Geography, 2015 Vs. 2022
In 2015, Germany accounted for the highest market share in the European market, and is anticipated to make a major contribution in the market growth throughout the forecast period. This is attributed to increase in installation of solar panels and extensive developments in automobile industry, which encourage the use of these coatings in automobiles.
Germany Antireflective Coatings Revenue, 2014-2022 ($Million)
Key players profiled in this antireflective coatings industry report 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.
Other players in the antireflective coatings industry value chain (not profiled in the report) include Eksma Optics, Evaporated Coatings, Inc., Torr Scientific Limited, Optics Balzers. Enki Technology, Zygo Corporation, Spectrum Direct Ltd., Quantum Coating, Lumentum Operations LLC, Majestic Optical Coatings, and Optimum RX Lens Specialists.
Antireflective Coatings Market Key Benefits:
- Comprehensive analysis of the drivers and restraints that affect the antireflective coatings market growth are provided.
- The report provides quantitative analysis of the current trends and future estimations from 2014 to 2022 to assist the stakeholders to identify prevalent market opportunities.
- Key players of the market are profiled and their strategies are analyzed to identify the competitive outlook.
- Top investment pockets showcase the opportunity in the most lucrative product segment.
- Market trends of major countries in each region are mapped according to the projected revenue.
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.