Anti-Reflective Coatings Market Size and Share Analysis Report by Deposition Method (Vacuum Deposition, Electron Beam Deposition, Sputtering), Application (Semiconductors, Electronic Devices, Eyewear, Solar Panels, Automotive Displays) - Industry Trends, Demand Forecast to 2030

Market Overview

The global anti-reflective coatings market size was $4,554.1 million in 2021, and it is expected to generate $8,577.3 million by 2030, advancing with a CAGR of 7.3% during 2021–2030. The primary factors driving the market include the rising demand for anti-reflection coats in the eyewear and photovoltaic industries, as well as an increase in the adoption of anti-reflective eyeglasses in the construction sector.

Apart from their increasing application in the PV and eyecare industries, these coatings are gaining traction in smartphones, cameras, and flat-panel displays. Additionally, the rising government investment in non-conventional energy sources contributes to the market expansion.

Solar Panels To Account for Fastest Growth in Market

Solar panels are expected to witness the highest CAGR during the forecast period, of around 8%. This can be ascribed to the widespread use of such coatings in solar panels to increase their overall efficiency, the increasing need for low-cost solar cells with improved durability and reliability, as well as the surging requirement to diminish photovoltaic surface reflection. In this regard, the numerous government programs that support the use of solar power, such as subsidies and loans, will help the market grow with high pace.

Therefore, companies are actively developing anti-reflective glass for solar panels. For instance, Edgehog Advanced Technologies, one of the emerging players in the anti-reflective coatings market, has developed an omnidirectional anti-reflective glass for solar panels, which can increase the annual energy production of solar panels by 6–12%.

Electronic devices held the largest revenue share, of over 25%, in 2021. This can be ascribed to the growing usage of these coatings on electronic goods, such as display panels, smartphone and tablet screens, and telecommunications systems, to enhance system throughput and reduce the potential effects of reflections, which commute backward through the system. The scratch-resistant and self-cleaning properties of these coatings make them popular in the industry.

Moreover, the electronics industry is the most-important end user in the anti-reflection coats market due to the booming smartphone industry, increasing popularity of flat-panel displays, and application of films resistant to reflection during photolithography throughout the semiconductor manufacturing process.

Increasing Consumption of Anti-Reflective Coatings in Eyewear Industry

The growing application of these coatings in the eyewear industry also drives the market growth, as the industry uses such materials in high-light-transmitting products, such as lenses and eyeglasses. Moreover, the technological advancements in eyewear and the expansion of this industry due to the growing incidence of vision impairment, along with the increasing geriatric population, are expected to further propel the anti-reflective coatings market growth.

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Vacuum Deposition Contributes Highest Revenue

Vacuum deposition accounted for the largest anti-reflective coatings market revenue share, of over 35%, in 2021, and this category will advance with a significant CAGR during the forecast period. This will be due to the wide usage of the deposition method in the application of anti-reflective coatings due to its minimal environmental impact, maximum adaptability, affordability, and quick setting.

The sputtering technology is expected to witness the fastest growth in adoption over the forecast period on account of its high mechanical and environmental endurance, as well as enhanced precision and absorption. The application of these technologies depends greatly on the required production yield, cost, substrate, and coating material.

APAC Is Principal Contributor to Market

The APAC anti-reflective coatings market accounts for the largest revenue share, of over 35%, and it will advance with a significant CAGR as a result of the expansion of the aerospace sector and the rise in the need for packaging in logistics.

• Countries such as China, India, and South Korea are the major manufacturers of electronic products. Thus, because electronics are the most-significant application of anti-reflective coatings, the regional market is growing swiftly. Furthermore, the expanding automotive sector, with the manufacturing of automobiles with modern systems, including dashboards, GPS screens, and windscreens, is expected to offer significant growth opportunities to the market in the region.

Europe will account for the third-fastest growth during the forecast period, which can be ascribed to the strong manufacturing base for automobiles, high state spending on eyecare, and increasing adoption of advanced technologies. Furthermore,

• Germany generates the majority of the revenue for the players in the continent as it is home to the largest electronics sector and, specifically, is a major producer of microelectronics and semiconductor goods here.

North America also holds a significant share in the global market. The presence of a large number of established companies, increasing awareness about the benefits of coated eyeglasses, growing construction industry, consumers’ rising discretionary spending, and flourishing automotive sector are some of the major anti-reflective coatings market drivers in the region.

Strategic Development of Market Players to Gain Competitive Edge

To maintain a strong market position, players have adopted a number of strategies, including collaborations, partnerships, acquisitions, investments, and product launches. For instance:

• In May 2020, VSP Optical Group Inc. launched TechShield anti-reflective coating with ISO-certified anti-bacterial technology for eyeglasses. The patented coatings are only available through private-practice doctors in the VSP network.
• In February 2020, Carl Zeiss AG and Sony Corporation expanded their strategic collaboration to feature ZEISS optics with T* anti-reflective coatings in the new Xperia smartphone, to improve image quality and provide a fine photographic experience to consumers.

Key Players in Anti-Reflective Coatings Market Are:

• DuPont de Nemours Inc.
• Optical Coatings Japan
• Carl Zeiss AG
• Essilor of America Inc.
• HOYA Corporation
• iCoat Company
• Honeywell International Inc.
• VIAVI Solutions Inc.

Anti-Reflective Coatings Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Deposition Method

• Vacuum Deposition
• Electron Beam Deposition
• Sputtering

Based on Application

• Semiconductors 
• Electronic Devices
• Eyewear
• Solar Panels
• Automotive Displays

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa