North American Anti-Reflective Coatings Market Dominates Global Demand
February 5, 2015
A recent report entitled “Anti-Reflective Coatings Market for Eyewear, Electronics, Solar, Automobile and Other End-user Industries—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014-2020,” published by Transparency Market Research, forecasts that the global market of anti-reflective coatings will grow at a compound annual growth rate (CAGR) of 8.2% from 2014 to 2020, and amass net worth of nearly $4.97 billion by 2020. In 2013, the market was worth nearly $2.90 billion, and reached volume demands of 338.7 kilotons.
According to the report, numerous factors, including rising demand for high-light-transmitting and comfortable eyeglasses and lenses from eyeglass users, as well as the electronics industry, are driving the global anti-reflective coatings market . The report states that the eyewear end-use segment dominated the global market in 2013 with a nearly 40% share of demand. The global automobile industry also held a major share of demand due to applications such as high-transmission window glasses and dashboards.
North America dominated the global market for anti-reflective coatings for many years, accounting for nearly 35% of total market demand in 2013. The Asia-Pacific regional market, estimated to be the fastest-growing market during the forecast period, stood second in terms of global demand in 2013.
For more information, visit www.transparencymarketresearch.com.