Specialty & Fine Chemicals Industry Anti-Reflective Coatings Market Outlook | Page 2

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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.
The industry is split on the basis of end-users and geographies. Electronics, telecommunications, eye-wear,
automotives, and solar constitute the end-users. Eye-wear dominated in 2015. The demand for ‘anti-reflective’
spectacles and lenses is proliferating due to superior optical experience offered by AR coatings. Consumers are
willing to spend more on comfort and higher visibility, especially while driving at night.
Electronics was the second-largest segment in 2015. It is said to grow lucratively during the forecast period. AR
coatings are mainly used in smartphone displays and flat glass panels. They are also incorporated in
semiconductors. Solar would grow at the fastest rate till 2024. When used in solar panels, AR coatings transmit
more light and curb its reflection.
Geographically, the Anti-Reflective Coatings Market is divided into North America, Asia Pacific, Europe, Latin
America, and the MEA (The Middle East & Africa). North America has been leading since 2013. This can be
attributed to abundant demand for flat panel displays, lenses, and eyeglasses in the U.S. and Canada. Europe
should generate high demand for solar panel applications. Robust automotives industry in France, Germany,
and the U.K. may spur Europe.
Asia Pacific is predicted to emerge as an important region by 2024. It is the manufacturing hub of many
industries. Large-scale solar projects in India, China, and Bangladesh will contribute regional expansion.
Famous players in the worldwide anti-reflective (AR) coatings market comprise Honeywell International Inc.,
Carl Zeiss AG, Essilor International S.A., and Optical Coatings Japan. Royal DSM, JDS Uniphase Corporation, and
Hoya Corporation are the other well-known vendors.
To stay competitive, majority of these participants emphasize on developing easy -to-clean products with
scratch & fingerprint resistance and anti-static properties. Due to the challenging economic environment
globally, small & medium manufacturers are finding it difficult to sustain their businesses. This fuels industry
consolidation by way of mergers & acquisitions.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/specialty-
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