Anti-reflective Coatings Market Report

Anti-reflective Coatings Market Analysis By Application (Eyewear, Electronics, Solar, Automotive), By Technology (Electron Beam Evaporation, Sputtering), By Region (North America, Europe, Asia Pacific, Rest Of The World), And Segment Forecasts, 2014 - 2025

Published: January 2017  |  110 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-369-0

Industry Insights

The global anti-reflective coatings market size was estimated at USD 3.27 billion in 2015 and is expected to witness rapid growth over the forecast period owing to increasing penetration of the product in solar and electronics applications. In addition, increasing penetration of the product in fashion eyewear sector is anticipated to augment growth.

Anti-reflective coatings aid in increasing light throughput, minimizing stray light, and the reduction of back reflections which allows them to be used in numerous applications including solar, eyewear, automotive, construction, and telecommunication. Furthermore, these coatings enable the reduction of surface reflections, thereby increasing the light transmission of the glass or glass lens.

U.S. anti-reflective coatings market by technology, 2014 - 2025 (USD Million)

U.S. anti-reflective coatings market

Anti-reflective coatings are extensively used to increase the efficiency of solar panels. Rapidly growing solar PV market coupled with increasing focus on clean energy development is expected to propel demand over the next nine years.

In addition, the product is used in scientific and medical screen displays, thus augmenting demand. Rising healthcare investment in developing economies coupled with growing medical device industry is expected to have a positive impact on the demand.

Manufacturers have been trying to develop technologies for efficient coating at low cost. Short lead time, on-time delivery of materials, high quality, and reasonable prices are some of the major consumer requirements in the anti-reflective coatings market. Good associations with suppliers coupled with use of advanced technology are the major factors leading to differentiation in the anti-reflective coating products.

Technology Insights

Physical Vapor Deposition (PVD) is the most widely used technology for anti-reflective coatings. It includes electron beam evaporation method, ion beam sputtering, ion plating, ion implantation, etc. Other technologies used for deposition of AR coatings include chemical vapor deposition, sol-gel method, and spin method.

Electron beam evaporation technology dominated the market in 2015 and is likely to witness significant growth at a CAGR of over 8% from 2016 to 2025. Low cost coupled with strong technological know-how is expected to aid in augmenting the demand over the next nine years.

Sputtering technology is expected to witness significant growth over the forecast period on account of its high mechanical & environmental durability along with improved precision & absorption. The utilization of these technologies is highly dependent on required production yield, cost, substrate, and the material to be coated.

Application Insights

Eyewear application dominated the market with a revenue share of over 35% in 2015. Rising prevalence of vision correction disorders including myopia or hyperopia is expected to play a key role in propelling growth. Rising occurrence of eye disorder in children coupled with superior properties of the product aiding vision correction is expected to have a positive impact on growth.

Global anti-reflective coatings market share, by application, 2015 (%)

Global anti-reflective coatings market

Demand from the solar segment is expected to witness a CAGR of over 11.0% from 2016 to 2025. Growing need to develop low-cost solar cells & panels with superior durability and stability coupled with the need to reduce solar cell surface reflection is expected to drive growth over the forecast period.

Regional Insights

North America accounted for the major share of over 40% of the market in 2015. Increasing use of AR coatings in consumer electronics product including tablets, smartphones, smart watches, cameras, and other display devices is expected to propel the market growth in the region over the forecast period.

The North America eyewear industry offers huge opportunities on account of a large number of undiagnosed cases of vision correction. Changing consumer lifestyle and technological advancements have led to increase in cases of nearsightedness in the region which is anticipated to increase utilization of the product over the next nine years.

Europe is expected to witness significant growth over the forecast period due to high consciousness towards health. This has led to high demand for eyeglasses as protection against the harmful radiations from electronic devices such as smartphones and computers.

Competitive Insights

The key companies include Royal DSM, Honeywell International Inc., Carl Zeiss, DuPont, Essilor, Hoya Corporation, iCoat Company LLC, PPG Industries, Rodenstock GmbH, Janos Technologies, Cascade Optical Corporation, and Optical Coating Japan. Expansion and new product development are the key strategies being adopted by the players. Numerous companies including Royal DSM, Honeywell, and PPG have started focusing on the solar application segment on account of the rapidly increasing demand for the product.

In May 2013, Royal DSM opened its new KhepriCoat anti-reflective coating manufacturing facility at the Chemelot site in the Netherlands. The coating is primarily used for the solar application. In March 2015, Zeiss expanded its lens coating portfolio and introduced DuraVision Silver. The product would help the company to increase its reach to the price-conscious customer base.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Million and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America and Middle East & Africa

Country scope

U.S., Germany, China, Japan, Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the AR coatings market on the basis of application, technology, and region:

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Eyewear

    • Electronics

    • Solar

    • Automotive

    • Others

  • Technology Outlook (Revenue, USD Million, 2014 - 2025)

    • Electron Beam Evaporation

    • Sputtering

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

    • Asia Pacific

      • China

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa (MEA)

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $3,450
Multi User - $4,450
Library Access - $8,450

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA