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:
Eyewear application segment accounts for the largest market share in anti-reflective coatings market owing to the increasing eye disorders among populations together with properties of the product. According to India Brand Equity Foundation (IBEF), which is a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the eyewear industry is projected to grow at annual rate of 15-20%, the company expects to achieve growth at the same rate.
Key Takeaways of the Market:
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