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Anti-Reflective Coatings Market by Global Outlook 2022-2030

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Kanika Bath

The Global Anti-Reflective Coatings Market size valued to USD 3.78 billion in 2019; is predicted to garner USD 7.83 billion by 2030, witnessing a CAGR of 6.7% from 2020-2030. The volumetric sale in the global anti-reflective coatings market was 449.18 kilotons in 2019, and is projected an elevation up to 853.32 kilotons, with a CAGR of 5.9%. The anti-reflective coatings are optical coatings applied on the surface of lenses, mirrors, or other optical surfaces, to reduce reflection and increase transmission of light, hence enhancing the throughput of light by controlling reflexive index. These di-electric coatings benefit in controlling the transmission and reflection of different spectral bands of light that are ultra violet radiations, visible light, and near infra-red radiations. The anti-reflective coatings hold wide applications in optics & eyewear, electronic gadgets, solar panels, automotive industries, and other industry verticals.

Market Segmentations and Scope of the Study:

The global anti-reflective coatings market share analysis is based on technology, application, and geography. Based on technology, the market is segmented into Vacuum Deposition, Electronic Beam Evaporation, Sputtering, and Others. Based on application, the market is divided into Eyewear, Electronics, Solar Panels, Automobile, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.

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Geographical Analysis

North American region held the highest market share of the global anti-reflective coatings market and is expected to follow a similar trend during the forecast period owing to increasing demand of anti-reflective coatings in eyewear applications as well as its growing application in consumer goods such as smartphones, cameras, flat panel displays and other electronic gadgets. Asia Pacific region is expected to to grow at a notable CAGR during the forecast period, owing to factors like multiplying population, rapid urbanization, increase in disposable incomes as well as increasing government initiatives on non-conventional sources specifically on solar panels.

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Competitive Landscape

The anti-reflective coatings market, which is highly competitive, consists of various market players. Some of the major market players include AccuCoat Inc., Dupont, COCO LENI, Evaporated Coatings Inc., EKSMA Optics, Hoya Vision Care Company, Essilor, Majestic Optical Coatings, PPG Industries Inc, Optics Balzers AG, Spectrum Direct, Honeywell International Inc., Quantum Coating, ZEISS International, Optical Coatings Japan, Torr Scientific Ltd, Optimum RX Lens Specialists, Zygo Corporation, Rodenstock GmbH, and VIAVI Solutions Inc. among others. The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall growth of the global anti-reflective coatings market. For instance, in March 2019, ZEISS International, an internationally leading technology enterprise operating in the fields of optics and optoelectronics, launched its advanced UV-protect technology, that claims for total UV protection i.e. up to 400nm in a clear eyeglass lens. ZEISS UV-Protect technology is made-available in all ZEISS-branded lenses. Furthermore, in March 2020, the major player of global anti-reflective coatings market, PPG Industries Inc. announced the motorsports debut of its ballistic, canopy-like windscreen, a key component of the NTT INDYCAR SERIES, labelled as ‘Aeroscreen’. INDYCAR also known as the ‘NTT INDYCAR SERIES,’ is the Indianapolis-based governing body for the premier open-wheel auto racing series of North America. The PPG windscreen contains an interior anti-reflective coating and an anti-fogging device. The windscreen weighs 17.3 pounds and it can withstand a two-pound object striking it at more than 220 miles per hour. Besides its titanium frame weighs 27.8 pounds and can withstand 34,000 pounds of force. The Aeroscreen is a revolutionary solution for absolute driver safety. With this, PPG plays an important role in ensuring cockpit protection for drivers throughout the NTT INDYCAR SERIES season.

About Us:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts.

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