Rising demand for anti-glare and anti-reflection eye ware and lenses is expected to drive the global anti-reflective coatings market over the forecast period. Increasing utilization of anti-reflective coatings in optical and electrical applications has increased the product demand in the past and the trend is expected to continue over the forecast period.
These coatings help eliminating back glare, increasing transmittance, and lowering reflectance of the lens used in electrical & electronic as well as optical devices. Such lenses result in increased efficiency and improved picture quality of various devices such as television, monitor, etc., and also help in capturing more clear and realistic images from optical lenses.
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Increasing eye ware demand on account of rising number of population with vision correction needs is expected to have a positive impact on the global anti-reflective coatings demand over the next seven years. Growing electronics and semiconductors industries along with increasing demand for flat panel displays are also expected to fuel the product demand over the forecast period.
Lack of consumer awareness regarding benefits and usability of anti-reflective eye wares is expected to hinder market growth. These coatings are primarily manufactured using various materials having optical properties such as magnesium fluoride. Increasing raw material prices are expected to hamper market growth as these costs are directly transferred to the consumer.
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These coatings are also expected to gain importance in solar panels and other similar devices as it reduces reflection, thus increasing efficiency of the device. Increasing demand for renewable energy sources is expected to create new opportunities for the market players over the forecast period.
On the basis of end-use, global anti-reflective coatings market can be segmented as electronics, eye ware, telecommunication, solar, and automotive. Eye ware is the largest segment and accounted for over 40% of the global demand in 2013. Surge in anti-reflective spectacles and lenses demand from users along with increased willingness to spend is expected to drive the segment over the forecast period.
These types of spectacles enhance the vision by optimizing contrast level, thus increasing visibility. It also reduces reflection and enhances night driving experience for users. Glare reduction in bright light also offers higher degree of comfort to the eyeglass users.
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