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Anti-Reflective Coatings Market 2022 | Size, Growth, Demand, Opportunities and Forecast 2030

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Anubrata Lodh
Anti-Reflective Coatings Market 2022 | Size, Growth, Demand, Opportunities and Forecast 2030

The Global Anti-Reflective Coatings Market size valued to USD 3.78 billion in 2019; is predicted to garner USD 7.83 billion by 2030, witnessing a CAGR of 6.7% from 2020-2030.

Some of the key players in the Anti-Reflective Coatings market are: AccuCoat Inc., Dupont, COCO LENI, Evaporated Coatings Inc., EKSMA Optics, Hoya Vision Care Company, Essilor, Majestic Optical Coatings, PPG Industries Inc, Optics Balzers AG, Spectrum Direct, Honeywell International Inc., Quantum Coating, ZEISS International, Optical Coatings Japan, Torr Scientific Ltd, Optimum RX Lens Specialists, Zygo Corporation, Rodenstock GmbH and VIAVI Solutions Inc. among others.

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Anti-reflection coatings are optical coatings designed to reduce reflections from the optical surface. These coatings improve visibility & contrast when used in common imaging systems and complex systems such as telescopes &solar panels. In addition, it efficiently increases the transmittance of the lens surface. Anti-reflective coatings on eyewear provide a crisp view and are resistant to scratches, water, and dust. Anti-reflective glasses protect your eyes from glare when working on your computer for extended periods of time, preventing eye fatigue and eye strain.

The growth of the anti-reflective coating market is driven by increase in demand for anti-reflective coatings from the eyewear and photovoltaic industry and surge in acceptance of anti-reflective glasses in the construction industry. However, the high cost associated with the product and the lack of awareness among consumers and service providers curb the market growth. Continued progress in the anti-reflective coating market, such as the development of improved coatings, self-cleaning coatings, and coatings with improved durability that provide better power supply for solar panels, is favorable and expected to provide a lucrative opportunity for its market growth.

The global anti-reflective coating market is expected to grow significantly during the forecast period as anti-reflective coatings are increasingly used in the eyewear &photovoltaic industry and the importance of anti-reflective coatings in optical lenses is increasing. In addition, anti-reflective coatings are used to increase the energy efficiency of solar panels, complementing market growth. However, the high cost associated with the product is a major barrier to this market. Innovations in existing application technologies offer a great opportunity to expand the anti-reflective coating market.

Key Market Trends:

·        Anti-reflective glasses are affordable alternatives to reduce glare reflected from computer screens, televisions, flat panels, and other electronic displays.

·        Anti-reflective coatings are used to reduce glare and provide low reflectivity. As a result, displays are easier to read, eye strain is reduced, and visual insight is increased.

·        The demand for progressive lenses has grown rapidly as more people suffer from presbyopia, which is a condition in which the eye's lens stiffens with age making it difficult to read at close range. In March 2021, KITS announced that the company would start offering ultra-thin digital progressive lenses to customers on all its web properties. Such product launches increased the consumption of anti-reflective coatings.

·        According to the United States Department of Health & Human Services, nearsightedness occurs in about 23.9% of the population over 40 years old (about 34 million people) in the United States.

·        According to WHO, as of October 2021, around 2.2 billion people have a near or distance vision impairment across the globe.

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