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ALBANY, N.Y. , May 4, 2022 /PRNewswire/ -- The global anti-reflective coatings market stood at US$ 4.2 Bn in 2020. The global market is predicted to rise at a CAGR of 8.2% during the forecast period, from 2021 to 2031. The global anti-reflective coatings market is likely to attain valuation of US$ 11.65 Bn by 2031. Anti-reflective coatings are growing in popularity in a multitude of industries as their applications broaden. Touchscreens in electronic gadgets, eyeglasses, smartphone displays, and flat panel displays make use of anti-reflective coatings. The growth of the global anti-reflective coatings market is mostly due to the increasing usage in these existing application areas.
The global anti-reflective coatings market is likely to profit primarily from increasing demand from telecommunications and solar power industries. These coatings are thin optical films that minimize reflections from a range of surfaces. Anti-reflective coatings improve transmission by lowering light loss due to reflection. Almost 4% of all light falling on glass at a perpendicular slant is lost, owing to reflection at the point wherein glass meets air. In such circumstances, the proportion of light lost increases as the incidence angle of the light rises.
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Light reflected by solar panels, in particular, is light that is wasted. The use of anti-reflective coatings on panes of solar panel helps to reduce light reflection and hence, improve light transmission. In order to gain a competitive advantage, players in the global anti-reflective coatings market are speeding up the development process and opening up new revenue streams. Market participants are overcoming obstacles and expanding their service offerings to gain strategic advantage in the market.
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Anti-reflective Coatings Market: Growth Drivers
Global Anti-reflective Coatings Market: Key Competitors
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Global Anti-reflective Coatings Market: Segmentation
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