ANTI-REFLECTIVE COATINGS MARKET ANALYSIS

Anti-Reflective Coatings MarketSize and Trends

Global anti-reflective coatings market was valued at US$ 5.7 Bn in 2023, exhibiting a CAGR of 10.5% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 11.5 Bn by 2030.  Anti-reflective coatings help to increase light throughput, minimize stray light, and reduce back reflections, allowing them to be employed in a variety of industries such as solar, eyeglasses, automotive, construction, and telecommunication. Additionally, these coatings reduce surface reflections, boosting the light transmission of the glass or glass lens. Anti-reflective coatings are widely utilized to improve solar panel efficiency. The rapidly expanding solar PV market, combined with a growing focus on clean energy production, is likely to drive demand for global ant-reflective coatings market over the forecast period. Furthermore, the product is used in scientific and medical screen displays, which increases demand regarding their industries. Increasing expenditure on health care in developing economies, combined with a rising medical device industry, is predicted to increase in demand. Manufacturers have been working to create low-cost, effective coating technologies. Some of the key consumer demands in the anti-reflective coatings market include short lead times, timely material deliveries, high quality, and affordable prices. The main factors contributing to differentiation in the products with anti-reflective coatings are good relationships with suppliers and the application of cutting-edge technology.

Market Trends

The increasing adoption of advanced technology in the field of anti-reflective coatings is one of the current trends in the market growth. For instance, in May 2020, VSP Optics announced the launch of TechShield Anti-Reflective Coatings with ISO-certified anti-bacterial technology. The enhancements break new ground in the optical industry as the first-ever anti-reflective coatings for ophthalmic lenses in the U.S. that include anti-bacterial technology certified by the International Organization for Standardization (ISO). VSP Vision Care (VSP) is a vision care health insurance company operating in Australia, Canada, Ireland, the United States, and the United Kingdom. It is a doctor-governed company divided into five businesses: “eye care insurance, high-quality eyewear, lens and lens enhancements, ophthalmic technology, and connected experiences to strengthen the relationship between patients and their eye doctors