Volumes in the Global Anti-Reflective (AR) Coatings Market are estimated to be over 510 kilo tons by 2024. With a CAGR exceeding 6% from 2016 to 2024 (forecast period), the market would be valued about USD 6 billion in 2024. Demand for AR coatings is mainly pushed by higher preference for anti-glare & anti-reflection lenses/eyewear.
The consumption of such coatings in optical and electrical/electronic applications has created huge industry opportunities. These applications should trigger further demand in the near future. The advantages of AR coatings include back glare removal, improved transmittance, and lower reflectance. Their use delivers much better picture quality on devices; like monitors, televisions, etc. Moreover, AR coatings can capture clearer and ‘close-to-real’ images from optical lenses.
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Chief factors favoring the market are burgeoning worldwide population and the need for ‘vision correction.’ Boom in electronics & semiconductor industries coupled with expansion across flat panel displays is expected to positively impact market consumption.
Focus on renewable energy is projected to create new avenues for AR coatings. Owing to their anti-reflective properties, they could become integral to solar panels in the forthcoming years. However, consumers in the Anti-Reflective Coatings Market are not fully aware of the uses and benefits of these products. This inhibits market growth. Furthermore, soaring prices of key raw materials, like magnesium chloride may have an adverse effect.
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