Anti-Reflective Coatings Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.30 Billion |
| Market Size (2029) | USD 7.16 Billion |
| CAGR (2024 - 2029) | 6.22 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Anti-Reflective Coatings Market Analysis
The Anti-Reflective Coatings Market size is estimated at USD 5.30 billion in 2024, and is expected to reach USD 7.16 billion by 2029, growing at a CAGR of 6.22% during the forecast period (2024-2029).
Due to specific rules and regulations imposed by countries, there was a slowdown in the market demand from various sectors during the pandemic in 2020. However, the industry witnessed a recovery in 2021, thus, rebounding the demand for the market studied.
The major factors driving the market studied are increasing demand for eyewear and electronics applications.
- Additionally, the high cost of anti-reflective coatings is restraining its growth in some applications.
- The development of thin-film fabrication technologies is a significant opportunity for the market studied.
- The Asia-Pacific is expected to dominate the anti-reflective coatings market, and it is anticipated to be the fastest-growing market over the forecast period.
Anti-Reflective Coatings Market Trends
This section covers the major market trends shaping the Anti-Reflective Coatings Market according to our research experts:
Increasing Demand from Eyewear Application
- Anti-reflective glasses are affordable alternatives to reduce glare reflected from computer screens, televisions, flat panels, and other electronic displays.
- Anti-reflective coatings are used to reduce glare and provide low reflectivity. As a result, displays are easier to read, eye strain is reduced, and visual insight is increased.
- The demand for progressive lenses has grown rapidly as more people suffer from presbyopia, a condition in which the eye's lens stiffens with age making it difficult to read at a close range.
- According to the US Department of Health & Human Services, nearsightedness occurs in about 23.9% of the population over 40 years old (about 34 million people) in the United States.
- According to the WHO, as of October 2022, around 2.2 billion people have near or distant vision impairment across the globe. Moreover, global costs of productivity losses associated with vision impairment are estimated to be USD 411 billion.
- This is likely to enhance the demand for respective eye lenses while addressing these impairments, further enhancing the demand for anti-reflective coatings in the country.
China to Dominate the Asia-Pacific Region
- The Asia-Pacific region dominated the global market due to the growing demand for semiconductors, electronics, and other manufacturing operations.
- China is one of the leading manufacturers of solar cells in the world. China is ambitious to be carbon-neutral by 2060, and the latest five-year plan in 2020 outlines that the annual solar power generation capacity installations should increase by around 85 GW, nearly twice the country's current rate. Moreover, the majority of solar cells across the world are manufactured in China or by Chinese companies.
- China has the world's largest electronics production base, which includes electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices, and recorded the highest growth in the electronics segment. The country serves the domestic demand for electronics and exports electronic output to other countries.
- China is one of the leading producers of smartphones in the region. However, smartphone manufacturers shifting their base from China is affecting the market studied. Many global manufacturers have shifted their base outside China.
- Thus, due to the abovementioned factors, China is expected to dominate the market in the Asia-Pacific region.
Anti-Reflective Coatings Industry Overview
The anti-reflective coatings market is fragmented due to the presence of major players (not in any particular order), including DuPont, PPG Industries Inc., Hoya Vision Care Company, Zeiss International, and Essilor, among others.
Anti-Reflective Coatings Market Leaders
Dupont
PPG Industries Inc
Hoya Vision Care Company
ZEISS International
Essilor
*Disclaimer: Major Players sorted in no particular order
Anti-Reflective Coatings Market News
- February 2022: Zygo Corporation, a company engaged in manufacturing optical metrology and optical component, announced the opening of a new office in Italy, building upon its extensive network of offices and partnerships throughout Europe for expanding its business, including anti-reflective coatings.
- February 2021: Viavi Solutions announced establishing a new manufacturing facility in Chandler, Arizona, to meet the growing demand for optical security and performance products (OSP) across the United States.
Anti-Reflective Coatings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from Eyewear Applications
4.1.2 Other Drivers
4.2 Restraints
4.2.1 High Cost of Anti-reflective Coatings
4.2.2 Dearth of Awareness
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 By Deposition Method
5.1.1 Chemical Vapor Deposition
5.1.2 Electronic Beam Deposition
5.1.3 Sputtering
5.1.4 Other Deposition Methods
5.2 By Application
5.2.1 Semiconductors
5.2.2 Electronic Devices
5.2.3 Eyewear
5.2.4 Solar Panels
5.2.5 Automotive Displays
5.2.6 Other Applications
5.3 By Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles (Overview, Financials, Products and Services, and Recent Developments)
6.4.1 AccuCoat Inc.
6.4.2 AGC Inc.
6.4.3 COCO LENI
6.4.4 DuPont
6.4.5 Edmund Optics Inc.
6.4.6 EKSMA Optics USB
6.4.7 ESSILOR OF AMERICA LLC
6.4.8 Evaporated Coatings Inc.
6.4.9 Honeywell International Inc.
6.4.10 HOYA VISION CARE COMPANY (HOYA Corporation)
6.4.11 Majestic Optical Coatings
6.4.12 Optical Coatings Japan
6.4.13 Optics Balzers AG
6.4.14 Optimum RX Group
6.4.15 PPG Industries
6.4.16 Quantum Coating
6.4.17 Rodenstock GmbH
6.4.18 Spectrum Direct Ltd
6.4.19 Torr Scientific Ltd
6.4.20 Viavi Solutions
6.4.21 Zeiss International
6.4.22 Zygo Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Thin Film Fabrication Technologies
7.2 Other Opportunities
Anti-Reflective Coatings Industry Segmentation
Anti-reflective or anti-reflection (AR) coating is an optical coating that reduces reflection on the surface of lenses and other optical devices.
The market is segmented by deposition method (chemical vapor deposition, electronic beam deposition, sputtering, other deposition methods), application (semiconductors, electronic devices, eyewear, solar panels, automotive displays, other applications), and geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The report offers market size and forecasts for the anti-reflective coatings market in 15 countries across major regions. The market size and forecasts are given in terms of revenue in USD million for all the segments.
| By Deposition Method | |
| Chemical Vapor Deposition | |
| Electronic Beam Deposition | |
| Sputtering | |
| Other Deposition Methods |
| By Application | |
| Semiconductors | |
| Electronic Devices | |
| Eyewear | |
| Solar Panels | |
| Automotive Displays | |
| Other Applications |
| By Geography | |||||||
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Anti-Reflective Coatings Market Research FAQs
How big is the Anti-Reflective Coatings Market?
The Anti-Reflective Coatings Market size is expected to reach USD 5.30 billion in 2024 and grow at a CAGR of 6.22% to reach USD 7.16 billion by 2029.
What is the current Anti-Reflective Coatings Market size?
In 2024, the Anti-Reflective Coatings Market size is expected to reach USD 5.30 billion.
Who are the key players in Anti-Reflective Coatings Market?
Dupont, PPG Industries Inc, Hoya Vision Care Company, ZEISS International and Essilor are the major companies operating in the Anti-Reflective Coatings Market.
Which is the fastest growing region in Anti-Reflective Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Anti-Reflective Coatings Market?
In 2024, the Asia Pacific accounts for the largest market share in Anti-Reflective Coatings Market.
What years does this Anti-Reflective Coatings Market cover, and what was the market size in 2023?
In 2023, the Anti-Reflective Coatings Market size was estimated at USD 4.99 billion. The report covers the Anti-Reflective Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Anti-Reflective Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Anti-Reflective Coatings Industry Report
Statistics for the 2024 Anti-Reflective Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Anti-Reflective Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
