The global antiglare glass market is expected to show significant growth over the forecast period, on account of rising demand for antireflection and antiglare eyewear and lenses. The antiglare glass is made by layering the glass surface with an anti-reflective coating which helps to eliminate back glare, increase transmittance and lower reflectance. Increasing usage in electrical, electronic, optical and solar applications is expected to promote market growth over the next eight years.
The market is driven by the growing utilization of the product in electronic and optical applications. These lenses increase the efficiency and improve the picture quality of numerous devices such as monitors and television screens. The booming electronic and semiconductor industries along with the rising demand for flat panel displays and smartphones will fuel demand over the next eight years. Spectacles with antiglare glass can enhance vision by optimizing contrast level, reducing reflection and improving night time experience, all in all offering a higher standard of comfort to users.
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Growing demand for stylish and efficient eyewear among population along with increasing vision correction needs is expected to propel the market over the forecast period. This type of glass aids in capturing clearer and more realistic pictures from optical lenses, which will augment the demand for this product in camera phones and digital cameras. In photovoltaic solar cells, glass is the first layer that sunlight has to pass through before it can reach the power-generating component and reflected light off this glass can reduce the efficiency of the device. The use of antiglare glass can reduce reflection to less than 1% and is an easy and cheap way to improve cell efficiency, thus driving market adoption. In addition, its self-cleaning property reduces operations and maintenance costs which will propel growth in the next few years. Further, advancements in sol-gel technology which make it easier to layer glass with anti-reflective coatings coupled with the increased focus on renewable energy are the factors expected to create opportunities for the major market players in the future. Opportunities for expansion will also be provided by applications in other products namely telescopes, kiosk displays, riflescopes, and binocular lenses.
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Lack of consumer awareness about the advantages and usability of antiglare glass in eyewear is expected to hamper market growth. Moreover, the added cost of these components along with quality and durability issues are likely to challenge market expansion over the next eight years. These products are manufactured using coatings made from compounds having optical properties such as zinc selenide and magnesium fluoride, and the escalating raw material prices of these chemicals are anticipated to challenge industry growth.
The market is segmented by end-use into the electronics, eyewear, telecommunication, automotive, and solar sectors. Eyewear is expected to account for the largest industry share over the forecast period on account of a surge in demand for anti-glare spectacles and lenses coupled with the increasing willingness of users to spend on such components. The electronics segment is anticipated to contribute significantly to product growth as a result of increasing usage in flat panel and smartphone displays as well as semiconductor production. Solar energy is expected to be the fastest growing segment over the next eight years as a result of the growing use of these products in solar panels to increase efficiency and the increasing adoption of solar cells for power generation purposes.
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