Anti-Reflective Coatings Market Research Report: Information by Substrate (Glass, Silicon, Quartz, Sapphire, Plastic, and Others), Resin (Epoxy, Polyurethane, Acrylic, and Others), Technology (Electronic Beam Evaporation, Vacuum Deposition, Sol-Gel, Sputtering, and Others), Application (Eyewear, Solar Panels, Automotive, Building and Construction [Architectural Glass and Ceramic Sanitaryware], Consumer Goods [Smartphones, Laptops and Tablets, Televisions and Monitors, and Wearables], and Others), and Region - Forecast till 2030

Anti-Reflective Coatings Market Overview

During the historic forecast period that ended in 2019, the Anti-Reflective Coatings Market Share was valued at USD 2.87 billion. Owing to the trends, the global market operations are expected to rise at a compound annual growth rate (CAGR) of 7.81% during the ongoing forecast period. During this period, the market is expected to reach a global market valuation worth USD 8.95 Billion.The Anti-Reflective Coatings Market Segments are likely to experience a huge demand due to product variations in fields like solar panels, automotive, electronics, and eyewear. These factors have a positive impact on the market. 

COVID 19 AnalysisThe Anti-Reflective Coatings Market Analysis shows and predicts that the market witnessed a slowdown since the pandemic knocked the doors of various international markets. The lockdown imposed by the government lead to a major suspension of the market activities and the players had to bear the impact in the form of losses, reduced skilled labor, unavailability of raw materials for production, and much more. The market was functional during the permitted hours only which hampered their ability to cater to the market demand and thus, disrupt the supply chain mechanism during the period and later on. However, the growing investments are likely to help the market cover the losses and move on the path of its global growth. 

Market Dynamics DriversOne of the major factors that are resulting in a major growth in the demand for anti-reflective coatings will drive the market services and operations towards growth during the forecast period that ends in 2027. The market factors like a commendable growth in the demand for the anti-reflective lens, and increased demand for solar photo-voltaic cells are likely to present the market with immense opportunities to expand its share in the international market. Further, the growth of investment quantum in healthcare alongside the growth of the automotive industry is the major reason that will lead the market towards its growth as per the expectations.

Restraints

However, one of the major restraints for the market on the way of its Anti-Reflective Coatings Market Growth during the period is that the target audience is ignorant about the use of anti-reflective coatings owing to the large sum of investment attached with them. The market rate and pricing do not comply with the income bracket of all consumers and hence, they might feel hesitant in using the same.

Technology Analysis

The Anti-Reflective Coatings Market Size is witnessing a major and wide expansion owing to the product enhancements and availability of appropriate technology. The technological advancements that are a part of the fabrication and deposition fields and techniques are major positive attributes in store for the market operations for the current forecast period. Also, the awareness campaigns and spread of correct information related to the efficient optical devices from the end-use applications and products have excellent aspects for the market for the upcoming nine years of the market operations by the key market players. Also, the market leaders and experts suggest that the market operations are dependent on technology that offers efficiency and cost-effective deposition on the way. The advanced coating processes come inclusive of ion-assisted deposition, advanced plasma reactive sputtering, and ion beam sputtering that is expanding their availability to cater to the demands for achieving precision in a deposition. 

Study Objectives

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  To identify the strengths and weaknesses of the global market operations undertaken by the prominent market players across the globe and their role in helping the market grow as per the predictions during the forecast period.

  
  


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  To study the revenue potential of the market segments and their ability to impact the final market valuation for the global forecast period that ends in 2027

  
  


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  To help the market investors draw a competitive graph amongst the functions undertaken by the market players during the forecast period. The report also aims to have an idea about the recent developments undertaken during the forecast period.

  
  

Anti-Reflective Market Share, By Application, 2018 (%)  

Source: MRFR AnalysisMarket Segmentation

The Anti-Reflective Coatings Market has been divided all across the globe based on Substrate, Technology, Resin, and Application.

Based on the Substrate

The Anti-Reflective Coatings Market has been divided all across the globe based on the substrate into plastic, sapphire, quartz, silicon, glass, and others.

Based on the Technology

The Anti-Reflective Coatings Market has been divided all across the globe based on the technology into a sputtering, sol-gel, vacuum deposition, electronic beam evaporation, and many others.

Based on the Resin

The Anti-Reflective Coatings Market has been divided all across the globe based on the resin into acrylic, polyurethane, epoxy, and many others.

Based on the Application

The Anti-Reflective Coatings Market has been divided into the global market based on the application into consumer goods sector, building and construction sector, automotive industry, solar panels industry, eyewear industry, and many others. The building and construction industry is also further sub-divided into ceramic sanitaryware and architectural glass. The consumer goods sector is further sub-divided into wearables, televisions & monitors, laptops & tablets, and smartphones.

Regional Analysis

The Anti-Reflective Coatings Market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico drives the market demand in this region. Increasing consumption of consumer goods also drives the market demand to this region.

The second-largest market share in the global market is held by the European region owing to increasing development in automotive industries, eyewear industry, solar power industry, and many others drive the market demand in this region. In this region, Germany holds the largest market share during the review period.

Being the fastest-growing region, the third-largest market share in the global market is held by the Asia-Pacific region owing to increasing government spending coupled with growing population drives the market demand to this region. Increasing use of this type of coatings is largely used in solar panels and hence it drives the market demand.

The Latin American region and the Middle East and African region hold the least market share due to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.

Competitive Landscape

The most prominent major key players in the Anti-Reflective Coatings Market all across the globe are mentioned below:

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  RODENSTOCK GMBH (Germany)

  
  


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  Janos Tech (US)

  
  


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  ICOAT COMPANY, LLC (US)

  
  


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  Honeywell International, Inc. (US)

  
  


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  MAC Thin Films (US)

  
  


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  PPG Industries, Inc. (US)

  
  


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  YTC America Inc. (US)

  
  


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  Royal DSM N.V. (The Netherlands)

  
  


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  HOYA VISION CARE COMPANY (Thailand)

  
  


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  Carl Zeiss AG (Germany)

  
  

These Major Key Players use various strategies to sustain their market position in the anti-reflective coatings market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the anti-reflective coatings all across the globe.

Recent Developments

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  November 2021 : Lee Filters has introduced LEE Elements, its latest range of high-end premium circular filters that has been especially designed to cater to the mounting demand of videographers and photographers. The product’s glass coating is anti-reflective as well as scratch-resistant and features oleophobic and hydrophobic layers, which are the same as those that are present in LEE’s ProGlass Cine IRND filters, and Panavision’s PanaND. These layers of anti-reflective coatings offer improved protection against fingerprints, and moisture.

  
  


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  September 2021 : Withings has launched a new watch called the ScanWatch Horizon that features a host of heart-health monitoring options. The smartwatch has an anti-reflective coating, and sapphire-glass casing and is available with a stainless-steel wristband.

  
  


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  Honeywell International, Inc. (US) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales revenue.

  
  


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  All the major key players are highly investing in mergers and acquisitions, joint ventures, and new product launches.

  
  


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  The largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico drives the market demand in this region.

  
  

Report Overview

This Anti-Reflective Coatings Market Research Report consists of the following elements mentioned below:

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  Market Overview

  
  


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  COVID 19 Analysis

  
  


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  Market Dynamics

  
  


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  Technical Analysis

  
  


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  Market Segmentation

  
  


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  Regional Analysis

  
  


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  Competitive Landscape

  
  


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  Recent Developments

  
  

This Anti-Reflective Coatings Market Research Report contains factors that drive the growth of the Anti-Reflective Coatings Market in the global market along with the factors that restrict its growth in the global market. The technical analysis during the forecasted period is mentioned. The impact of COVID 19 on the Anti-Reflective Coatings Market all across the globe is mentioned. The future growth rate in the Anti-Reflective Coatings Market during the forecasted period is estimated and mentioned.

Intended Audience

Research institutes, glass, solar, and electronic industries, potential investors, association and government bodies, traders, distributors, and suppliers of anti-reflective coatings, and anti-reflective coatings manufacturers.