International. According to Transparency Market Research's report, the global anti-reflective coatings market will expand at a CAGR of 8.2% during the forecast period from 2014 to 2020.
In 2013, this global market was estimated at US$2.9 million and by 2020, it is expected to reach a value of more than US$4.9 billion.
The global market for anti-reflective coatings will almost double in value in the coming years. Factors such as increasing demand for high-light eyeglasses and transmission lenses, and increasing consumption of these coatings in the electronics sector are driving the global anti-glare coatings market.
However, the global market for anti-reflective coatings will be constrained by lack of awareness among consumers, usability issues, and strict environmental regulations related to raw materials. On the basis of end-use, the market is segmented into automobiles, solar power, electronics, glasses, and others such as telecommunications.
Anti-reflective coatings are gaining popularity in these end-use industries due to their ability to improve visibility as they block unwanted reflections from various types of surfaces. Anti-reflective coatings are mainly used in the optical and electrical sectors to reduce glare and reflection.
