Anti-reflective Coatings Market to receive overwhelming hike in Revenues by 2031

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Anti-reflective Coatings Market: Introduction

As per the report, the global anti-reflective coatings market is expected to expand at an 8.2% CAGR from 2021 to 2031. The market is expected to progress from US$ 4.9 Bn in 2020 to US$ 11.65 Bn by 2031 due to factors such as rising consumption of anti-reflection coatings in the electronics industry and increasing demand for comfortable light transmitting eyeglasses and lenses. 

The global anti-reflective coatings market will almost double in value over the next few years. Factors such as growing demand for high light transmitting eyeglasses & lenses and rise in consumption of these coatings in the electronics sector are driving the global anti-reflective coatings market. Furthermore, the expanding eyewear, flat display, and semiconductors markets are also boosting the overall anti-reflective coatings market. Players in the global anti-reflective coatings market will also benefit from the rising demand from the solar energy industry.

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Anti-reflective coatings increase visibility by arresting unwanted reflections directly from surfaces. Back-glare is one of the major issues associated with sunglasses and eyeglasses. Anti-reflective coatings eliminate the back-glare. Most anti-reflective coatings display features such as low reflectance and high transmittance. Anti-reflective coatings have gained noteworthy importance in the solar and electronics industries owing to such features. Many of the commonly used materials to manufacture eyeglasses and lenses have anti-reflective and high surface reflection coatings that help to reduce back-glare. Over the past few years, there have been advancements in anti-reflective coatings, as they are being used as an effective reflection-reducing technique in various optical and electrical applications.

Anti-reflective coatings are used on various substrates such as sapphire, glass, Yttrium aluminium garnet (YaG), and quartz. These coatings find applications in kiosk displays, binocular lenses, telescopes, video glasses, and riflescopes. Increasing demand for anti-reflective coatings from the telecommunication industry is expected to propel the global anti-reflective coatings market over the next few years.

Factors such as environmental regulations linked with raw materials, usability issues, and poor consumer awareness are expected to hamper the growth of the global anti-reflective coatings market in the years to come. However, the increasing demand from the solar energy sector is expected to benefit the global anti-reflective coatings market in the next few years.

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Anti-reflective Coatings Market Segmentation

The global anti-reflective coatings market is segmented on the basis of end-user and region. Based on end-user, the global anti-reflective coatings market is classified into solar, electronics, eyewear, automobile, and others. Anti-reflective coatings are primarily applied on lenses, eyeglasses, touchscreens, smartphone displays, and flat panel displays. In 2020, the eyewear segment held a dominant share of 40% in the global anti-reflective coatings market. With the rising requirement for high light transmitting lenses and eyeglasses from eyewear buyers, the demand for various anti-reflective coatings is expected to increase in the years to come.

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North America Dominant in Anti-reflective Coatings Market

By region, the global anti-reflective coatings market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2020, North America held a dominant share of 35% of the global anti-reflective coatings market. Rising demand for anti-reflective coatings from nations such as South Korea, India, and China is expected to propel the Asia Pacific anti-reflective coatings market.

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