The global anti-reflective coatings market is growing continually, mainly, due to the proliferation of smartphones and solar panels. Besides, specific applications of these coatings in prominent end use industries, such as automotive and electronics are acting as major tailwinds pushing up the growth in the market. Moreover, developments in coating technologies accelerate the market growth on a global level.
According to Market Research Future (MRFR), the global anti-reflective coatings market is owing to the trends, the global market operations are expected to rise at a compound annual growth rate (CAGR) of 8.8% during the ongoing forecast period. During this period, the market is expected to reach a global market valuation worth USD 5.92 billion. The changing lifestyle of consumer that has been leading to the increased size of the fashion eyewear market would boost the market growth. Government policies regarding usage of anti-reflective coatings, especially in optical glasses led by the increasing eye disorders would impact the market growth, positively. There has been a spurting rise in spending on electronic devices, especially big flat TVs which need anti-reflective coatings with high definition display. Therefore, rise in the production of television sets and smartphones are expected to continue to boost the market demand.
Additionally, augmenting demand for improved anti-reflective coatings driven by substantial investments in the development of advanced anti-reflective coating technologies propels market growth.
On the other hand, low awareness among consumers about the benefits of anti-reflective coatings alongside, the changing policies for the supply of raw materials required for the production of anti-reflective coatings impede the growth of the market. Nevertheless, technological advancements in the anti-reflective coating formation would support the market growth, increasing the rapid adoption for these coatings across the rapidly growing industries.
Global Anti-Reflective Coatings Market –Segments
The report is segmented into three market dynamics to widen the scope of understanding,
By Technology : Electron Beam Evaporation and Sputtering
By Application : Eyewear, Automobile, Electronics, and Solar Power Systems, among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Global Anti-Reflective Coatings Market — Regional Analysis
North America accounts for the significant share in the global anti-reflective coatings market. Increase in demand and production of smartphones, tablets, cameras, etc., fosters the growth of the market. Moreover, the presence of many major players and the adoption of advanced coating technology boost the regional market growth. The US and Canada, backed by the increasing government support for RD activities, majorly contribute to the anti-reflective coatings market in the region.
The Asia Pacific region accounts for the second-largest market for anti-reflective coatings, globally. The rise in demand for high-quality anti-reflective coatings, increasing numbers of production capacities, and encouraging government support for the development of advanced coatings drive the regional market growth. The region has been attracting foreign investors with its favorable government policies, cost-competitive workforce, and raw material advantage. This, as a result, has resulted in increasing the numbers of manufacturing plants of anti-reflective coatings in the region.
The anti-reflective coatings market in the European region is emerging as a promising market globally. The proliferation of solar energy and the production of electronics is a key driving force behind the growth of the market. Besides, the rapid adoption of advanced anti-reflective coatings is fostering the regional market. Also, the economy in the region that is witnessing a constant rise alongside, the rapid industrialization pushes up the market growth. The region is further expected to grow at a considerable CAGR during the projected period.
Global Anti-Reflective Coatings Market — Competitive Analysis
Highly competitive, the anti-reflective coatings market appears to be fragmented due to the presence of many key players. Mergers acquisitions, collaborations, innovation, expansion, and brand reinforcement remain key trends of these players. Those players compete on innovation, product features, quality, cost, and financial stability. To maintain their market position, players focus on developing their product portfolio utilizing advanced technologies.
Players invest substantially in internal RD and, most of all, in acquiring small yet promising firms. Manufacturers are targeting more investments in the development of technology and improving their already existing products. Increasing government support and funding is motivating the manufacturers to develop coating with improved quality, and that can match the changing needs of the patrons.
Players leading the global anti-reflective coatings market include Carl Zeiss AG, Royal DSM, Honeywell International Inc, Essilor International Co., Hoya Corporation, PPG Industries Inc, Cascade Optical Corporation, Rodenstock GmbH, Janos Technology Inc, and iCoat Company LLC, among others.
Industry/ Innovation/ Related News
May 15, 2019 — — PPG Industries, Inc. (the US), a leading global supplier of paints, coatings, and specialty materials showcased its complete range of advanced conductive and transparent functional coatings for display glass plastic substrates at the Society for Information Display (SID) Display Week 2019, held during May 14–16, this year at the San Jose Convention Center in California.
The displayed products were all recently introduced, including PPG will display is an anti-fingerprint (AFP) coating that features an exclusive silk-touch feel. These coatings are specially designed for touch screens on smartphones, vehicle displays, and other shared devices more pleasantly tactile. Also, the range of showcased products included anti-reflective (AR) and ultraviolet-durable hydrophobic (UVH) coatings for glass, spray-enabled transparent functional coatings, anti-glare (AG), including easy-to-clean (EC), AFP, anti-fingermark (AFM), plastic and metal substrates.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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