The global anti-reflective coatings market to grow at a CAGR of 7.78% during the period 2017-2021.
Global Anti-Reflective Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increasing applications of anti-reflective coatings in eyewear. The demand for anti-reflective coatings is expected to rise due to the growing requirement for the high light-transmitting lenses and eyeglasses. The anti-reflective coatings eliminate glare that leads to more light to passage through the optical materials. In most of the cases, anti-reflective coatings are applied to both the front and back of the lenses in order to minimize glare and halos.
According to the report, one of the major drivers for this market is growing demand for anti-reflective coatings in solar industry. The demand is growing for anti-reflective coatings in solar applications mainly due to increasing focus on the generation of renewable energy. Anti-reflective coatings improve the efficiency of solar panels and decrease the non-renewable energy dependence. Various solar thermal control coatings are also used in solar cells, detectors, and solar panels.
Further, the report states that one of the major factors hindering the growth of this market is fluctuations in raw material prices. The fluctuating cost of raw materials used for the manufacture of coatings is a major challenge for the global anti-reflective coatings market.