As per MRFR Analysis, the Global Anti-Reflective Coatings Market was valued at USD 5.6 Billion in 2023 and is projected to grow from USD 6.04 Billion in 2024 to USD 10.2 Billion by 2032, with a CAGR of 6.77% during the forecast period. Key drivers include increased usage in electronics and solar energy applications, as well as growing demand from the solar power industry. The market is characterized by significant investments in R&D and strategic initiatives by leading players to enhance product offerings and expand market presence.
The anti-reflective coatings market is witnessing robust growth driven by technological advancements and increasing demand across various sectors.
Key companies include PPG Industries, Inc, MAC Thin Films, Honeywell International Inc, ICOAT COMPANY, LLC, Janos Tech, RODENSTOCK GMBH, and Carl Zeiss AG.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The solar power generating, and telecommunications industries are expected to drive the anti-reflective coatings market CAGR. Thin film optical coatings that minimize reflections from various surfaces are known as anti-reflective coatings. These coatings improve transmission by reducing light loss caused by reflection. Furthermore, nearly 4% of the light that falls perpendicularly upon glass is deflected away at the point where glass and air meet.
The proportion of light lost in such settings increases as the incidence angle of light increases with altitude. Reflected light is a wasteful energy source, especially for solar panels. Because there is less light reflection, solar panel lenses with anti-reflective coatings transmit lighter. To achieve a competitive advantage, market participants are expediting product development and capitalizing on income potential. To gain a competitive advantage, market participants are overcoming difficulties and expanding their service divisions, resulting in market expansion.
Anti-reflective coatings, which are used in displays and screens, considerably lower the intensity and amplitude of light reflecting off an electronic device. Large-screen televisions are becoming more popular. According to Croma, India's top consumer electronics shop; 55-inch screen size TVs will have the highest growth in 2021, as the house becomes the primary entertainment centre for families. More customers are focusing on larger displays, a trend that has grown in popularity since the pandemic's inception as people began spending more time indoors.
According to the American Time Use Survey conducted by the U.S. Bureau of Labour Statistics, the amount of time Americans spend engaging in leisure activities, including watching television, increased during the coronavirus epidemic to slightly over 5.5 hours per day, up from 5 hours in 2019. Because of the amount of time spent watching TV, these massive flat display panels require an anti-reflective coating to provide a pleasant viewing experience. Anti-reflective coatings are increasingly being used in product design.
Concerns about fossil-fuel depletion, volatile crude oil prices, pollution, and warming are driving the use of cleaner energy. Furthermore, the race to net-zero is driving broad use of solar and wind energy. Governments all over the world are developing policies to promote the use of sustainable energy. The European Green Deal, a package of policy initiatives launched by the European Commission with the goal of becoming the European Union (EU) climate neutral by 2050, is a prominent example of this. The EU intends to finance the Green Deal initiatives through an investment plan called InvestEU, which anticipates at least €1 trillion in investment.
Furthermore, it is predicted that around €260 billion in investments will be required by 2030 for the EU to meet its targets outlined in the agreement. Solar is the fastest-growing energy source, according to Eurostat. Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal Bank & Canal Top Scheme, Bundling Scheme, Grid Connected Solar Rooftop Scheme, and other schemes were launched by the Indian government to encourage the generation of solar power in the country.
The Anti-Reflective Coatings Market segmentation, based on Substrate includes Glass, Silicon, Quartz, Sapphire, and Plastic. The glass category has the biggest market share of the substrate. Glass is a popular substrate for anti-reflective coatings in a variety of applications such as eyeglasses, camera lenses, and display screens. Glass substrates are suitable for anti-reflective coatings because of their outstanding optical clarity, durability, and chemical resistance.
The Anti-Reflective Coatings Market segmentation, based on Resin, includes Epoxy, Polyurethane, and Acrylic. The acrylic segment is one of the fastest growing areas in the Anti-Reflective Coatings Market. The increased popularity of acrylic eyeglasses and sunglasses is driving up demand for anti-reflective coatings on acrylic lenses. Acrylic lenses are lightweight, shatter-resistant, and have exceptional optical clarity, making them a popular choice for eyeglasses.
Figure1: Anti-Reflective Coatings Market, by Resin, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Anti-Reflective Coatings Market segmentation, based on technology, includes Electronic Beam Evaporation, Vacuum Deposition, Sol-Gel, and Sputtering. The vacuum deposition category dominates the anti-reflective coatings market. Vacuum deposition technology employs a multitude of procedures to deposit layers of the required material onto the optical surface. Vacuum deposition is effective at temperatures below atmospheric pressure. Vacuum deposition technology is commonly used for the application of anti-reflective coatings due to its extraordinarily low environmental impact and highest adaptability. Vacuum deposition provides several advantages, including making the procedure's environment more environmentally friendly and reproducible. The overall share of the technology-segmented anti-reflective coating market is primarily influenced by evacuation.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Anti-Reflective Coatings Market area will dominate this market, because of the increasing use of AR coatings in consumer electronics products such as tablets, smartphones, smartwatches, cameras, and other display devices, the region's market is predicted to rise rapidly throughout the forecast period.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: ANTI-REFLECTIVE COATINGS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Anti-Reflective Coatings Market accounts for the second-largest market share due to strong attention towards health. Further, the German Anti-Reflective Coatings Market held the largest market share, and the UK Anti-Reflective Coatings Market was the fastest growing market in the European region
The Asia-Pacific Anti-Reflective Coatings Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increased need for semiconductors, electronics, and other manufacturing operations. Moreover, China’s Anti-Reflective Coatings Market held the largest market share, and the Indian Anti-Reflective Coatings Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Anti-Reflective Coatings Market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Anti-Reflective Coatingsindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Anti-Reflective Coatings industry to benefit clients and increase the market sector. In recent years, the Anti-Reflective Coatings industry has offered some of the most significant advantages to medicine. Major players in the Anti-Reflective Coatings Market, including PPG Industries, Inc (US), MAC Thin Films (US), Honeywell International Inc (US), ICOAT COMPANY, LLC (US), Janos Tech (US), and RODENSTOCK GMBH (Germany) and others, are attempting to increase market demand by investing in research and development operations.
VSP Vision Care (VSP) is a health insurance company that provides vision care in Australia, Canada, Ireland, the United States, and the United Kingdom. It is a doctor-led company with five divisions: "eye care insurance, high-quality eyewear, lens and lens enhancements, ophthalmic technology, and connected experiences to strengthen patients' relationships with their eye doctors." It employs around 80 million people ly and is the largest eye insurance company in the United States. In May 2020, VSP Optical Group Inc. has introduced TechShield anti-reflective coating for eyewear, which includes ISO-certified anti-bacterial technology. The proprietary coatings are exclusively offered through VS network private-practice doctors.
Carl Zeiss AG is a German optical system and optoelectronics firm founded in Jena, Germany in 1846 by optician Carl Zeiss. He laid the groundwork for today's multinational corporation with Ernst Abbe (joined 1866) and Otto Schott (joined 1884). The current corporation arose from the 1990s consolidation period of Carl Zeiss companies in East and West Germany. In February 2020, Carl Zeiss AG and Sony Corporation strengthened their strategic partnership to include ZEISS optics with T* anti-reflective coatings in the new Xperia smartphone, improving image quality and providing users with a fine photography experience.
According to US-based Thornova, their new panel will have a temperature coefficient of -0.29% per C in 2024 and a power conversion efficiency ranging from 22.4% to 23.2%. The business, a division of Sunova Solar, a Chinese manufacturer, is now developing a factory that will produce solar cells and modules at an undisclosed location in the United States.
Leading provider of ophthalmic lens technology, HOYA Vision Care, announced today the arrival of Super HiVision® MeiryoTM EX4TM anti-reflective treatment in the United States for 2023. As patients and eye care professionals have come to expect, the new lens treatment provides industry-leading scratch resistance, durability, and long-term cleanability in addition to full back-side UV protection.
February 2022, Zygo Corporation, a manufacturer of optical metrology and optical components, announced the launch of a new office in Italy, extending its business, which includes anti-reflective coatings, through its broad network of offices and partnerships around Europe.
February 2021, Viavi Solutions announced the opening of a new production facility in Chandler, Arizona, to fulfill the growing demand for optical security and performance (OSP) devices in the United States.
March 2019, ZEISS International, a ly prominent technology firm in the domains of optics and optoelectronics, has introduced their new UV-protect technology, which claims 100% UV protection, i.e. up to 400m in a clear eyeglass lens. All ZEISS-branded lenses include ZEISS UV-Protect technology.
| Attribute/Metric | Details |
| Market Size 2023 | USD 5.6 Billion |
| Market Size 2024 | USD 6.04 Billion |
| Market Size 2032 | USD 10.2 Billion |
| Compound Annual Growth Rate (CAGR) | 6.77% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Substrate, Resin, Technology and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Carl Zeiss AG (Germany), HOYA VISION CARE COMPANY (Thailand), Royal DSM N.V (The Netherlands), YTC America Inc. (US), PPG Industries, Inc (US), MAC Thin Films (US), Honeywell International Inc (US), ICOAT COMPANY, LLC (US), Janos Tech (US), and RODENSTOCK GMBH (Germany). |
| Key Market Opportunities | Anti-reflective coatings serve to minimize light reflection and hence provide greater light transmission in order to avoid light reflectance. |
| Key Market Dynamics | Photovoltaic and eyeglasses industry advancements Increasing desire for non-conventional energy sources |
Anti Reflective Coatings Market Highlights:
Frequently Asked Questions (FAQ) :
The Anti-Reflective Coatings Market size was valued at USD 5.6 Billion in 2023.
The Anti-Reflective Coatings market is projected to grow at a CAGR of 6.77% during the forecast period, 2024-2032.
North America had the largest share in the Anti-Reflective Coatings market
The key players in the Anti-Reflective Coatings market are PPG Industries, Inc (US), MAC Thin Films (US), Honeywell International Inc (US), ICOAT COMPANY, LLC (US), Janos Tech (US), and RODENSTOCK GMBH (Germany).
The vacuum deposition category dominated the Anti-Reflective Coatings market in 2022.
The glass had the largest share in the Anti-Reflective Coatings market.
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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