The Global Anti-reflective Coatings Market was valued at US$ 3,709.28 million in 2016, according to a new report published by Coherent Market Insights. Anti-reflective coatings consist of optical thin film coatings that reduce reflections and increase transmission from a variety of surfaces. Anti-reflective coatings are applied to enhance the quality of image in camera lenses, glasses or to increase the amount of absorbed light in solar panels. It has various applications in industries such as eyewear, electronics, solar, and automobile due to their extensive use of anti-reflective coatings. Increasing application of anti-reflective coatings in solar, electronic, and eyewear uses and the need for non-conventional energy sources are expected to boost the anti-reflective coatings market growth.
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Key Trends and Analysis of the Anti-Reflective Coatings Market:
Among application, eyewear segment accounts for largest market share in anti-reflective coatings market due to increasing eye disorders among populations and efficient properties of the product. According to the India Brand Equity Foundation (IBEF), a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the eyewear industry is expected to witness growth at an annual rate of 15-20%. Moreover, the company is also expecting to achieve the same growth rate in the near future.
Key Takeaways of the Market:
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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