ANTI-REFLECTIVE COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

• Increasing Demand for Anti-Reflective Coating in Solar Panel

Over the last few years, the global market for anti-reflective coatings has grown significantly. Factors such as an increase in demand for anti-reflective lenses and quick development in the eyewear and photovoltaic industries are driving the market growth. In the projected period, technical developments like displays and touchscreens of devices like mobile phones, tablets, smart watches, and laptops are expected to drive the market. Furthermore, the rapidly rising consumer in the electronics, eyeglasses, telecommunications, and construction sectors is positively contributing to market growth. For instance, to deal with the energy problem and global warming, governments in various countries, including the U.S., the U.K., Germany, France, India, and China, are providing financial incentives to companies that manufacture solar power systems. Anti-reflective coatings reduce light reflection and improve light transmission. This factor may propel the growth of the global anti-reflective coatings market over the forecast period.

• Growing demand for anti-reflective coatings for manufacturing of high transmitting lenses and glasses

Growing demand for anti-reflective coatings for manufacturing high transmitting lenses and glasses is expected to drive the market growth of anti-reflective coatings. Expanding eyewear market is also fuelling the market growth of anti-reflective coatings. This is attributed to growing vision impairments along with the increasing geriatric population which is creating demand for eyewear products. Thus growing demand for eyewear products is expected to foster the market growth of anti-reflective coatings. Moreover, the rising installation of solar panels around the globe due to increasing demand for a renewable source of energy is expected to augment the market growth of anti-reflective coatings. The rising need to reduce the reliance on fossil fuels coupled with the growing energy demand is expected to spur market growth. Anti-reflective coatings are widely applied on the surface of solar PV. Thus, the rising adoption of solar PV is escalating the market growth of anti-reflective coatings.

Global Anti-Reflective Coatings Market - Restraints

• High Cost of Anti-Reflective Coatings Market

The high cost of anti-reflective coatings can make it difficult for small and medium-sized enterprises to enter the market. For instance, a company that produces eyeglasses may hesitate to invest in anti-reflective coatings due to the high cost of raw materials, production, and application. As a result, they may opt for cheaper alternatives that do not provide the same level of anti-reflective performance. This factor may hinder the growth of the global anti-reflective coatings market during the forecast period.