Press Release
Press Release
The global market for anti-reflective coatings has been growing considerably, owing to the heightened demand for advanced coating processes used in order to achieve precision in deposition. The anti-reflective coatings are used in high-end applications including military and defence, telescopes, and aerospace. The growth of the market can be attributed to factors such as increase in usage of anti-reflective coatings in construction activities, surge in the demand for anti-reflective lens, and rapid developments in the eyewear and photovoltaics industry. In addition, the technological advancements in the field of fabrication and deposition techniques, and the growing usage of anti-reflective coatings in display and touchscreen digital devices, such as tablets, smartwatches, and smartphones, are expected to drive the market in the forecast period. Additionally, the rapidly increasing consumer demand for electronics and eyewear is also expected to contribute to the market growth. Moreover, in an endeavour to combat the energy crisis and the rising issues of global warming, the governments across the globe are providing financial incentives to companies manufacturing solar power systems. The rapid adoption of anti-reflective coatings by the solar panel industry and the rapid development of the automobile sector are expected to significantly contribute to the growth of the market in the forecast period.
In July 2017, PPG Industries (NYSE: PPG) announced that the company had reached a definitive agreement to acquire the Crown Group, a U.S. based coatings application services business, from High Road Capital Partners and Charter Oak Capital Partners. The Crown group is one of the leading component and product finishers in North America. The company applies coatings to customers’ manufactured parts and assembled products at 11 U.S. sites. This acquisition will support PPG Industries’ expansion in the anti-reflective coating industry.
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The major players in the global anti-reflective coatings market are iCoat Company LLC, PPG Industries, Rodenstock GmbH, Janos Technology Inc., and Cascade Optical Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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