According to a new report published by Allied Market Research titled, "Antireflective Coatings Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2014-2022", the global anti-reflective coatings market was valued at $2,818 million in 2015, and is expected to reach $4,858 million by 2022, registering a CAGR of 8.2%, from 2016 to 2022. Based on application, automobile and solar panel are expected to show highest growth rates throughout the forecast period.
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The global antireflective
coatings market is expected to grow at a significant rate during the forecast
period owing to rise in adoption of antireflective coatings by eyewear &
photovoltaic industries and increase in awareness about importance of antireflective
coatings in optical glasses In audition, increase in the energy efficiency of
solar panels by using antireflective coatings has supplemented the market
growth. However, high costs associated with products is a major restraint of
this market. Moreover, innovation in the existing technologies of application
serves as a great opportunity for expansion of the antireflective coatings
market.
The antireflective coatings
market is expected to show high growth rate in developing economies of
the Asia-Pacific region. This is attributed to the vast adoption of
emerging technologies such as antireflective coatings and smart glass in
automotive sectors, especially in India and China. Moreover,
surge in adoption of antireflective coatings in the photovoltaic industry in
countries such as Brazil and Argentina drives the growth of
the market. Increase in installation of solar panels in these counties have
further accelerated the market growth. Eyewear segment dominated the market in
2015, accounting for over one-third of the share.
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According to Eswara Prasad,
Team Lead, Chemicals and Materials at Allied Market Research, "Increase in
investment in R&D and development in antireflective coatings
technologies such as sputtering & electron beam evaporation are projected
to create lucrative opportunities for the market growth."
KEY FINDINGS OF THE STUDY
·
North America dominated the global
antireflective coatings market in 2015, accounting for maximum of the share,
both in terms of revenue and volume.
·
In 2015, antireflective coatings used in eyewear
accounted for majority of the share, and is expected to maintain its lead
throughout the forecast period.
·
Turkey is expected to show the highest
growth rate in the European antireflective coatings market, registering a CAGR
of 10.1%.
In 2015, the vacuum deposition
technology market accounted for maximum, and is expected to maintain its lead,
growing at a CAGR of 7.7%.
Asia-Pacific is expected
to grow at the fastest rate, registering a CAGR of 9.2%.
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In 2015, North
America antireflective coatings market generated the highest revenue, and
is expected to offer lucrative opportunities to market players, owing to
increase in demand for these coatings in the eyewear segment. Rise in awareness
about the coatings in eye glasses to enhance visibility has resulted in growth
of production in the U.S. Asia-Pacific is projected to show highest
growth rate throughout the forecast period owing to the development of
automotive industry in the developing economies.
Major players profiled in this
report are 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.
About Allied Market Research:
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relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
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