Anti-reflective glasses are in the rise and is expected to maintain the flame of its demand to burn more brightly in the coming years because of the advantages that it holds making it a strong element to dethrone it from the global market designed to reduce the amount reflection which could be seen from the glass's face
The size of the global market for Anti-Reflective Glass is expected to reach $8.95 Billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.81%.
Covid-19 Impact & Market Status
COVID-19 caused a halt in anti-reflective glass market needs from many industries due to governments imposing specific norms and regulations. However, the sector saw a comeback, which boosted market demand. The primary aspects propelling the market under consideration are raising demand for eyeglasses and electronic applications. Furthermore, the expensive expense of anti-reflective coverings is limiting its use in several applications. The growing need for electric cars and the solar sector, as well as the advancement of thin-film manufacturing technologies, are among the market's main possibilities in the next years.
The Solar Panels Segment is expected to grow at a faster pace
Concerns about fossil fuel depletion, variable gasoline prices, contamination, and climate change are increasing the use of solar energy. Furthermore, the rush to net-zero is driving extensive installation of solar projects. Governments throughout the world are establishing policies to promote its usage of solar power. Many programmes were funded by the Indian government to boost solar energy production in the nation. Another advantage of utilising anti-reflective glass in photovoltaic arrays is that it reduces glare from the panels. As a result, the panels may be deployed near an airport without distracting pilots. As a result, the use of solar energy drives the global anti-reflective glass industry.
Asia Pacific to show its dominance in the anti-reflective glass market
Because of the area's huge range of electronic manufacturers, the Asia-Pacific region owned the greatest proportion of the global anti-reflective glass market. Because of the region's cheap labour expenses, availability of qualified people, and rising foreign direct investment, Asia is the world's largest producer and exporter of electronic devices. As the trend to work from home fuelled network reinforcement and demand for 5G devices, the electronics and IT sectors saw a rise in infrastructure and semiconductors sales, while customers stranded at residence upgraded their TVs with large screen 4K versions. Asia's electronics sector, headed by nations such as India and China, is predicted to develop and enhance its presence in the world market in the next years.
Because of the region's growing automotive sector, North America is expected to experience rapid expansion in the anti-reflective glass industry all across the globe. It is expected to exhibit the most remarkable growth in the global anti-reflective glass business resulting from an increase in large scale development projects as well as an increase in the region's level of living.
This booming industry across the globe owes to its features that make it more in demand and the want for it remains making its stance in the market firmer day by day.
This glass reduces the apparent reflection observed in standard clear glazing and produces an almost undetectable appearance for glass installations. Anti-reflective coatings reduce reflection by up to 1%, resulting in a considerably clearer glass surface. Anti-reflective glass is created from reduced iron glass that has been immersed in various metallic oxide formulations. Such solutions form a layer on all of the glass's surfaces, reducing visible reflection. Moreover, these glasses are often used in projector lenses, marketplaces, stadium seating areas, hotels, televisions, and movie theatres.
The rising usage of anti-reflective glasses in various industrial areas including telecoms, eyewear, and others is driving market expansion. Anti-reflective glass is perfect for fabricating glass elements and bespoke glass solutions for a variety of industries. The device is also appropriate for all sorts of ambient illumination and transmission enhancement, which can minimise the required energy output of lights and other displays. Rapid urbanisation trends and industrial activity, together with increased expenditure on attractive upgrades in numerous nations, are likely to drive the anti-reflective glass industry forward.
It can also increase the surface's longevity and make it easier to clean. Even in high-traffic areas, anti-reflective glass may keep its polish. It is capable of producing numerous glazing units with the highest solar value. Anti-reflective glass is classified into two types i.e., one-sided glass and two-sided glass. To attract clients, the business sector is increasingly concentrating on enhancing the aesthetic aspect of buildings. It is also attempting to decrease the maximum amount of solar exposure in the sitting area. These are the primary drivers anticipated to propel the anti-reflective glass industry.
The increased use of anti-reflective glass in electrical and optical applications is driving the market. These lenses enhance the efficiency and visual quality of a variety of devices, including computers and tv screens. Over the next few years, market will be fuelled by the thriving electrical and semiconductor sectors, as well as increasing demands for flat projector displays and smartphones. Anti-reflective glasses can improve eyesight by optimising contrast levels, minimising reflection, and increasing night-time experience, all while providing a greater degree of comfort to wearers.
Growing use of anti-reflective glass in solar cells to increase efficiency is likely to fuel market revenue growth in the forthcoming years. Global deployment of photovoltaic cells and panels for electricity production will increase the size of the anti-reflective glass industry. Furthermore, the product's self-cleaning capability saves sustainment expenses, which will drive market expansion in the approaching years.
Growing population desire for fashionable and functional eyeglasses, as well as rising vision correction requirements, are likely to boost the market throughout the forecast period. This form of glass helps optical lenses capture better and more realistic images, increasing demand for this commodity in smartphones and digital cameras. Glasses are the first layer that solar light must pass through the photovoltaic solar cells before reaching the power-generating element, and scattered light from this glass can impair the device's efficiency. Anti-reflective glass may minimise reflection and is a simple and inexpensive technique to increase cell performance, increasing market adoption.
Furthermore, its self-cleaning characteristic lowers operations and maintenance expenses, which will fuel growth in the coming years. Furthermore, advances in sol-gel technologies, which make it simpler to overlay glass with anti-reflective coatings, as well as a greater emphasis on renewable energy, are projected to generate chances for key market participants in the future. Applications in other goods, including as telescopes and binocular lenses, will also present opportunities for growth.
The market is projected to be hampered by a lack of consumer understanding regarding the benefits and use of anti-reflective glass in eyeglasses. Furthermore, the increased cost of these components, as well as quality and durability difficulties, is projected to stymie market growth in the coming years. These goods are constructed with coatings derived from optically active compounds like zinc phosphide and magnesium sulphates and rising raw material prices for these chemicals are expected to stymie industry expansion. The anti-reflective glass market is anticipated to be of worth USD 7.05 billion at a CAGR of 6.3% during 2022-2029.
The key market players in the anti-reflective glass market includes Guardian Industries Corporation, Huihua Glass Company Limited, Abrisa Technologies, PPG Industries Inc, Optical Coatings Japan, Rodenstock GmbH, etc
Recent Developments in the Global Anti-Reflective Glass Market: a Snapshot
- Guardian Glass Europe introduced the Guardian SunGuard SNX 70 in December 2021. A brand-new triple silver-coated glass called SunGuard SNX 70 claims excellent sun management, light transmission that approaches 70%, and strong thermal insulation.
- DSM introduced an anti-soiling layer for solar glass in April 2017 to assist reduces damage from dirt and dust.
Anti-Reflective Glass Market Scope
|Revenue forecast in 2028
|USD 7.05 billion.
|CAGR of 6.3% during 2021-2028
|Type, Application, End-Users, Regions
|North America, Europe, Asia Pacific, South America, Middle East and South Africa
|Key Players Profiled
|Huihua Glass Company Limited, Abrisa Technologies, PPG Industries Inc, Optical Coatings Japan, Rodenstock GmbH
Key Segments of the Global Anti-Reflective Glass Market
Type Overview, 2022-2029 (USD Billion)
- Single Layer
- Double Layer
- Four Layers
Application Overview, 2022-2029 (USD Billion)
- Solar Panels
End-Users Overview, 2022-2029 (USD Billion)
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa