The global antireflective coatings market was valued at $4.3 billion in 2020, and is projected to reach $8.9 billion by 2030, growing at a CAGR of 7.61% from 2021 to 2030.
Anti-reflection coatings are dielectric coatings designed to reduce reflections and increase transmission through the lens or other optical surfaces. These coatings can control both transmission and reflection properties associated with UV, visible, and near-infrared spectral bands. Anti-reflective coatings are used in many industries such as eyewear, electronics, solar panels, and automobiles.
One of the main factors leading to the surge in demand for anti-reflective coatings is to drive market service and operation to grow during the forecast period. Market factors such as praiseworthy growth in demand for anti-reflective lenses and surge in demand for solar cells can provide immeasurable opportunities for the market; increase its share of the international market. In addition, rise in investment in the healthcare sector is a major reason for leading market growth primarily due to increased awareness among the people regarding advantages of eyewear. The demand for antireflective coatings grows as the future automotive industry grows, due to increased demand for environment friendly vehicles.
In anti-reflective coating market, the main obstacle for the growth of the market is that the target audience is unaware of the use of anti-reflective coating, and the need for the high amount of investment from the investors. Market prices and pricing do not correspond to all consumer income groups, so consumers may hesitate to use them. Technological advances across the globe related to antireflective coatings that are part of the manufacturing, deposition fields, and technologies are key positive attributes which empower the market operations during the current forecast period. In addition, awareness campaigns and dissemination of correct information about efficient optical devices from end-user applications and products have significant aspects for market growth. The growth in application of anti-reflective coatings application on the screens of smartphones, televisions, laptops, electronics, and solar panels in emerging markets has created favorable opportunities for the global anti-reflective coatings market.
The antireflective coatings market is segmented on the basis of technology, application, layer type and region.
On the basis of technology, the market is categorized into vacuum deposition, electronic beam evaporation, sputtering, and others (ion assisted deposition). By application, antireflective coatings market is classified into eyewear, electronics, solar panels, automobile, and others (telecommunications, telescope, and binocular lenses). On the basis of layer type, the market is categorized into single layered and multi layered. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share of the total revenue in 2020. The high adoption of antireflective coatings products in the region is anticipated to continue to bolster the antireflective coatings market size, due to increase in the consumption of consumer goods in this region.
The key players operating in the global antireflective coatings market are Essilor International, Carl Zeiss AG, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Honeywell International, PPG Industries, Hoya Corporation, Viavi Solutions, Inc., Optical Coatings Japan, and Rodenstock GmbH. Other players in the antireflective coatings industry value chain (not profiled in the report) include Eksma Optics, Evaporated Coatings, Inc., Torr Scientific Limited, Optics Balzers, Enki Technology, Zygo Corporation, Spectrum Direct Ltd., Quantum Coating, Lumentum Operations LLC, Majestic Optical Coatings, and Optimum RX Lens Specialists., etc. that compete for the share of the market through product launch, joint venture, partnership, and expansion of the production capabilities to meet the future demand for antireflective coatings market during the forecast period.
COVID-19 Impact analysis
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The restrictions on international trade and lockdown regulations on the operations of the chemicals industry are projected to limit short term demand in the market.The market witnessed a slowdown since the pandemic knocked the doors of various international markets. The lockdown imposed by the government led 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.
Anti-reflection coatings are dielectric coatings designed to reduce reflections and increase transmission through the lens or other optical surfaces. These coatings can control both transmission and reflection properties associated with UV, visible, and near-infrared spectral bands. Anti-reflective coatings are used in many industries such as eyewear, electronics, solar panels, and automobiles.
One of the main factors leading to the surge in demand for anti-reflective coatings is to drive market service and operation to grow during the forecast period. Market factors such as praiseworthy growth in demand for anti-reflective lenses and surge in demand for solar cells can provide immeasurable opportunities for the market; increase its share of the international market. In addition, rise in investment in the healthcare sector is a major reason for leading market growth primarily due to increased awareness among the people regarding advantages of eyewear. The demand for antireflective coatings grows as the future automotive industry grows, due to increased demand for environment friendly vehicles.
In anti-reflective coating market, the main obstacle for the growth of the market is that the target audience is unaware of the use of anti-reflective coating, and the need for the high amount of investment from the investors. Market prices and pricing do not correspond to all consumer income groups, so consumers may hesitate to use them. Technological advances across the globe related to antireflective coatings that are part of the manufacturing, deposition fields, and technologies are key positive attributes which empower the market operations during the current forecast period. In addition, awareness campaigns and dissemination of correct information about efficient optical devices from end-user applications and products have significant aspects for market growth. The growth in application of anti-reflective coatings application on the screens of smartphones, televisions, laptops, electronics, and solar panels in emerging markets has created favorable opportunities for the global anti-reflective coatings market.
The antireflective coatings market is segmented on the basis of technology, application, layer type and region.
On the basis of technology, the market is categorized into vacuum deposition, electronic beam evaporation, sputtering, and others (ion assisted deposition). By application, antireflective coatings market is classified into eyewear, electronics, solar panels, automobile, and others (telecommunications, telescope, and binocular lenses). On the basis of layer type, the market is categorized into single layered and multi layered. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share of the total revenue in 2020. The high adoption of antireflective coatings products in the region is anticipated to continue to bolster the antireflective coatings market size, due to increase in the consumption of consumer goods in this region.
The key players operating in the global antireflective coatings market are Essilor International, Carl Zeiss AG, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Honeywell International, PPG Industries, Hoya Corporation, Viavi Solutions, Inc., Optical Coatings Japan, and Rodenstock GmbH. Other players in the antireflective coatings industry value chain (not profiled in the report) include Eksma Optics, Evaporated Coatings, Inc., Torr Scientific Limited, Optics Balzers, Enki Technology, Zygo Corporation, Spectrum Direct Ltd., Quantum Coating, Lumentum Operations LLC, Majestic Optical Coatings, and Optimum RX Lens Specialists., etc. that compete for the share of the market through product launch, joint venture, partnership, and expansion of the production capabilities to meet the future demand for antireflective coatings market during the forecast period.
COVID-19 Impact analysis
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The restrictions on international trade and lockdown regulations on the operations of the chemicals industry are projected to limit short term demand in the market.The market witnessed a slowdown since the pandemic knocked the doors of various international markets. The lockdown imposed by the government led 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.
Key Benefits For Stakeholders
- This report provides a detailed quantitative analysis of the current antireflective coatings market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
- An in-depth analysis of antireflective coatings market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global antireflective coatings market.
Key Market Segments
By Application
- Eyewear
- Electronics
- Solar Panels
- Automobile
- Others
By Technology
- Vacuum Deposition
- Electronic Beam Evaporation
- Sputtering
- Others
By Layer Type
- Single Layered
- Multi Layered
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Turkey
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Qatar
- Rest of LAMEA
Key Market Players
- CARL ZEISS AG
- E. I. DU PONT DE NEMOURS AND COMPANY
- ESSILOR INTERNATIONAL
- HONEYWELL INTERNATIONAL
- HOYA CORPORATION
- KONINKLIJKE DSM N.V.
- OPTICAL COATINGS JAPAN
- PPG INDUSTRIES
- RODENSTOCK GMBH
- VIAVI SOLUTIONS INC.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANTIREFLECTIVE COATINGS MARKET, BY APPLICATION
CHAPTER 5: ANTIREFLECTIVE COATINGS MARKET, BY TECHNOLOGY
CHAPTER 6: ANTIREFLECTIVE COATINGS MARKET, BY LAYER TYPE
CHAPTER 7: ANTIREFLECTIVE COATINGS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Antireflective Coatings Market,' the antireflective coatings market was valued at $4.3 billion in 2020, and is estimated to reach $8.9 billion by 2030, growing at a CAGR of 7.61% from 2021 to 2030.Anti-reflection coatings are dielectric coatings designed to reduce reflections and increase transmission through lens or other optical surfaces. These coatings can control both transmission and reflection properties associated with UV, visible, and near-infrared spectral bands. Anti-reflective coatings are used in many industries such as eyewear, electronics, solar panels, and automobiles. Anti-reflection lenses are an affordable alternative to reducing glare reflected from computer screens, televisions, flat panel displays, and other electronic displays.
Anti-reflective coatings are used to reduce glare and provide low reflectance. This makes the display easier to read, reduces eye strain, and improves visual insight. The demand for progressive lenses has grown rapidly as more and more people suffer from presbyopia. Presbyopia is a condition in which the crystalline lens of the eye becomes harder with age, making it difficult to read at close range. In March 2021, KITS announced that it would begin offering ultra-thin digital progressive lenses on all websites. The launch of such products has increased the consumption of anti-reflective coatings. According to the U.S. Department of Health and Human Services, myopia occurs in about 23.9% (about 34 million people) of the U.S. over the age of 40. According to World Health Organization (WHO), as of October 2021, approximately 2.2 billion people worldwide suffer from short-range or long-range visual impairment. Such numbers could increase the demand for associated eye lenses while addressing these obstacles, further increasing the demand for anti-reflective coatings.
With the increased installation of solar panels, the demand for anti-reflective coatings has grown. However, high manufacturing costs and lack of knowledge about proper maintenance & use of anti-reflective coatings hamper the market growth. Conversely, rise in opportunities for anti-reflective coatings on smartphones, televisions, laptops, electronic devices, and solar panel screens in emerging markets have created favorable opportunities for the global anti-reflective coating market.
The antireflective coatings market is segmented on the basis of technology, application, layer type and region.
On the basis of technology, the market is categorized into vacuum deposition, electronic beam evaporation, sputtering, and others (ion assisted deposition). By application, antireflective coatings market is fragmented into eyewear, electronics, solar panels, automobile, and others (telecommunications, telescope, and binocular lenses). On the basis of layer type, the market is categorized into single layered and multi layered. By region, the antireflective coatings market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America region accounted for largest market share of the total revenue in 2020. The high adoption of Antireflective coatings products in the region is expected to continue to bolster the antireflective coatings market size, due to surge in the consumption of consumer goods in this region.
The key players operating in the global antireflective coatings market are Essilor International, Carl Zeiss AG, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Honeywell International, PPG Industries, Hoya Corporation, Viavi Solutions, Inc., Optical Coatings Japan, and Rodenstock GmbH. Other players in the antireflective coatings industry value chain (not profiled in the report) include Eksma Optics, Evaporated Coatings, Inc., Torr Scientific Limited, Optics Balzers, Enki Technology, Zygo Corporation, Spectrum Direct Ltd., Quantum Coating, Lumentum Operations LLC, Majestic Optical Coatings, and Optimum RX Lens Specialists., etc. that compete for the share of the market through product launch, joint venture, partnership, and expansion of the production capabilities to meet the future demand for the antireflective coatings market during the forecast period.
Key findings of the Study
- By region, North America accounted for the largest market share in 2020.
- By technology, vacuum deposition segment held the largest market share in 2020.
- By application, eyewear segment held the largest market share in 2020.
- By layer type, single layered segment held the largest market share in 2020.
IMPACT OF COVID-19 ON THE GLOBAL ANTIREFLECTIVE COATINGS MARKET
- Emergence of COVID-19 had less impact on growth of the global antireflective coatings market during the pandemic outbreak period.
- This impact is mostly attributed to significant disruptions in the raw material transportation, unavailability of labor, and shutdown of many manufacturing industries.
- The decline in demand for many non-essential products and shut down of manufacturing industries created a negative impact on the development of global antireflective coatings market.
Companies Mentioned
- CARL ZEISS AG
- E. I. DU PONT DE NEMOURS AND COMPANY
- ESSILOR INTERNATIONAL
- HONEYWELL INTERNATIONAL
- HOYA CORPORATION
- KONINKLIJKE DSM N.V.
- OPTICAL COATINGS JAPAN
- PPG INDUSTRIES
- RODENSTOCK GMBH
- VIAVI SOLUTIONS INC.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 278 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 4.3 billion |
| Forecasted Market Value ( USD | $ 8.9 billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
