Global Antireflective Coatings Market Size to grow by 8.9 Billion in 2030.
June-2022
Chemicals-and-Advanced-Materials
Global
Press Release
The antireflective coatings market is projected to grow USD 8.9 Bn in 2030, at a CAGR of 7.6%. one of the primary variables that is resulting in a significant increase in the need for anti-reflective coatings will drive the market services and operations towards growth. Market variables such as a notable increase in demand for anti-reflective lenses and growing demand for solar photovoltaic cells are expected to provide the market with significant chances to enhance its presence in the international market. Furthermore, the increase in investment volume in healthcare, combined with the expansion of the automotive industry, is a crucial factor that will propel the market to meet forecasts.
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Increased manufacturing of automobiles with modern systems, such as dashboards, GPS displays, and windshields, is likely to provide the industry with lucrative growth potential. Anti-reflective coatings are also projected to gain in popularity when new applications emerge, such as lasers and telescopes. They're commonly used in telescopes to remove stray light and improve image contrast by eliminating reflections.
Rising demand for anti-reflective coating from the healthcare industry is expected to provide significant market opportunities. The increasing use of anti-reflective coating in scientific and medical screen displays is projected to boost anti-reflective coating market growth. Anti-reflective coating market expansion is predicted to be aided by rising demand for various consumer items as a result of rising disposable income and changing consumer lifestyles.
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The single layered segment has dominated the market share in 2020 of global antireflective coatings market owing to the covering of small range of visible wavelengths. The primary reason for its domination is its lower cost as compared to multi-layered coatings, as well as its comparable hardness and durability. The vacuum deposition segment has dominated the market share in 2020 of global antireflective coatings market owing to number of procedures for depositing layers of the appropriate material onto the optical surface. Because of its low environmental effect and adaptability, vacuum deposition technology is generally used for the application of anti-reflective coatings. The eyewear segment has dominated the market share in 2020 of global antireflective coatings market owing to the increasing number of persons suffering from presbyopia, so does the demand for progressive lenses. Presbyopia is a disorder in which the crystalline lens of the eye hardens with age, making reading at close range difficult.
North America region is dominating the market share of global antireflective coatings market owing to the rising demand for anti-reflective coatings in eyeglasses and increased application in consumer goods such as smartphones, cameras, and flat panel displays have created a profitable opportunity for market expansion in this region. Another important driving element for market expansion in this region is an increase in consumer goods demand.
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Key Developments:
October 2020- Mitsui Chemicals acquired COTEC GmbH to expand the portfolio of its vision care materials division.
May 2020- VSP Optics launched TechShield® Anti-Reflective Coatings, anti-reflective lens coatings with ISO-certified technology for ophthalmic lenses in the United States.
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