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The anti-reflective coatings market size is estimated to grow at a CAGR of 9.13% between 2022 and 2027. The market size is forecast to increase by USD 2,618.37 million. The growth of the market depends on several factors including the growing demand for anti-reflective coatings in the solar industry, the emerging demand from APAC, and the rise in demand from the consumer electronics industry.
This anti-reflective coatings market report extensively covers market segmentation by application (eyewear, electronics, solar, automobile, and others), technology (vacuum deposition, electron beam evaporation, sputtering, roll to roll, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the anti-reflective coatings market growth is the emerging demand from APAC. One of the rapidly growing markets in the global anti-reflective coatings market is APAC. Some of the main factors that are significantly contributing to the growth are the rapid industrialization and economic developments in China, India, and Japan.
Moreover, there is an increasing demand for anti-reflective coatings due to the ongoing development of infrastructure, including commercial and residential buildings, especially on architectural glass to reduce glare and improve energy efficiency. Furthermore, there is a growing demand for eyeglasses, camera lenses, and other optical products with anti-reflective coatings. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the anti-reflective coatings market growth is the emerging applications of anti-reflective coatings. There is an increasing consumption and demand for anti-reflective coatings across different applications including medical and high-resolution displays. In addition. there is an extensive use of anti-reflective coatings in medical applications such as diagnostics, treatment, and analysis. due to the advancement of technology.
Moreover, other applications of anti-reflective coatings include high-resolution display systems as well and they offer high levels of protection from mechanical damage, such as cracking to several electronic displays. Furthermore, there is increasing adoption of anti-reflective coatings across end-user industries including automotive, medical, solar power, and military and defense. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Fluctuations in raw material prices are one of the key challenges hindering the anti-reflective coatings market growth. There is a significant fluctuation in the prices of raw materials used for the manufacture of coatings including titanium dioxide, indium tin oxide (ITO), antimony oxide, magnesium chloride, and aluminum oxide. One of the main raw materials which are extensively used in anti-reflective coatings is titanium dioxide.
Moreover, it is an essential material for the optical industry and is extensively used for anti-UV lens coatings and as a photocatalyst. These are mainly used to offer brightness and opacity in coatings. the price volatility of the raw materials impacts the price of anti-reflective coating products which complicates the standardization. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Anti-Reflective Coatings Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AccuCoat Inc: The company offers anti-reflective coatings such as high-efficiency broadband, narrowband, and dual-band anti-reflective optical coatings.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The eyewear segment is estimated to witness significant growth during the forecast period. There is increasing adoption of anti-reflective coatings in eyewear applications to avoid vision disorders caused by harmful radiations emerging from different electronic devices including computers, laptops, and smartphones. In addition, there is an extensive use of anti-reflective coatings in reading glasses and sunglasses to facilitate maximum light transfer and offer maximum clarity.
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The eyewear segment was the largest segment and was valued at USD 1,507.67 million in 2017. The main advantage of anti-reflective coating is that it is highly effective in high-index lenses than regular plastic lenses, as the former reflects more light. There is an increasing demand for anti-reflective coating across North America as well as APAC. Several factors such as the growing occurrence of eye disorders among different age groups and the improved properties of anti-reflective coatings in the eyewear segment for vision correction are significant contributing to the growth of this segment. Furthermore, there is a significant application of these coatings in substrates such as glass and plastics to reduce bright sunlight glare and offer comfort. Hence, there is an increasing demand for anti-reflective coating sprays in eyewear which is fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the global anti-reflective coatings market in APAC are the rapid infrastructural developments, coupled with growth in the consumer electronics industry in developing countries such as China and India.
Additionally, the rapidly growing automotive industry also contributes to the market growth in the region. Therefore, the growth of the market in the region is fuelled by the changing consumer spending behaviors and increased disposable income has increased automotive sales in the region. Hence, such factors are driving the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global anti-reflective coatings market witnessed a significant slowdown due to the closure of the electronics and automotive industries in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of operations in end-user industries. Such factors are expected to drive the market during the forecast period.
The anti-reflective coatings market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Anti-Reflective Coatings Market Scope |
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Report Coverage |
Details |
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Page number |
188 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.13% |
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Market growth 2023-2027 |
USD 2,618.37 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
8.73 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, India, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AccuCoat Inc., AGC Inc., Cascade Optical Corp., Gooch and Housego Plc, DuPont de Nemours Inc., EssilorLuxottica, Honeywell International Inc., HOYA CORP., Nippon Sheet Glass Co. Ltd., PFG Precision Optics Inc., Optical Coatings Japan, PPG Industries Inc., AMETEK Inc., Carl Zeiss AG, HEF, Vortex Optical Coatings Ltd., Optics Balzers AG, Optics and Allied Engg. Pvt. Ltd., EMF Corp., and Viavi Solutions Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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