Global Anti-reflective Coatings Market: Snapshot
Anti-reflective coatings have surfaces as effective coatings for glare and reflection reduction in several optical and electrical appliances in the last few years. Anti-reflective coatings capture the undesired reflection from the surfaces, thus raising the visibility. These coatings also eradicate back-glare, which is a core problems associated with sunglasses and eyeglasses. Many anti-reflective coatings feature low reflectance and high transmittance. These coatings have gained importance in the solar and electronics industries due their beneficial aspects. Some of the materials that used in the process of manufacturing eyeglasses and lenses have a high surface reflection and these coatings aid in reducing these reflections. The rising demand for enhanced light transmitting lenses and eyeglasses and the increasing consumptions of anti-reflective coatings in the eyewear and electronics sector is expected to benefit the global market in the coming years. However, the market is expected to face hindrance from the dearth of awareness among potential consumers, strict environmental regulations, and usability issues.
The global market for anti-reflective coatings is expected to expand at a CAGR of 8.2% from 2014 to 2020. The market was worth US$2.9 bn in 2013 and is expected cross US$4.9 bn by the end of 2020.
Eye to Emerge as Leading End User
In 2013, the global market for anti-reflective coating was dominated by the eyewear sector with a share of over 40% in the same year. Anti-reflective coatings are used on a huge variety of substrates such as quartz, yttrium aluminum garnet, and sapphire. Other of its noteworthy applications include binocular lenses, video glasses, riflescopes, telescopes, and kiosk displays. Anti-reflective coatings decrease the effect of unwanted reflections, thus leading to higher level of comfort and better reading and driving experiences. However, eyewear is expected to lead until the end of the forecast period, electronics is expected to emerge as one of the potential sectors supporting growth of the market and the second in terms of end use. Growing demand for anti-reflective coatings from the displays of smartphones and flat panel displays is expected to display potential market growth. Furthermore, anti-reflective coatings are employed in the photolithography phase of semiconductor fabrication. It removes reflective scoring and upended waves thus improving the procedure of lithography. On the other hand, the solar industry is one of the firmest end user segments for anti-reflective coatings is expected to compel the market growth during the years ahead. Automobiles are also well-thought-out as one of the prime vents for anti-reflective coatings due to increasing demand for dashboards, GPS displays, and window shields.
North America to Continue its Lead
North America was the leading regional market for anti-reflective coatings market in 2013 and held a share of almost 35% in the same year. Growing demand for anti-reflective coatings from smartphone displays, lenses, and eyeglasses is pushing the growth of the market in this region. The demand for anti-reflective coatings in Europe is also rising due to the growing use in the automobile and solar industry. The demand for anti-reflective coatings in Europe from the eyewear industry is anticipated to show steady demand in the years ahead. Asia Pacific is anticipated to be the leading market in terms of growth for anti-reflective coatings over the course of the forecast period. Snowballing demand for anti-reflective coatings from nations such as South Korea, India, and China is anticipated to reassure potential market progress in this region.
The leading regions in the market are JDS Uniphase Corporation, Hoya Corporation, Optical Coatings Japan, Royal DSM, Honeywell International Inc., PPG Industries Inc., Essilor International S.A., and Carl Zeiss AG.
The report provides analysis and forecast for the anti-reflective coatings market on a global and regional level. The study provides the historical data of 2013 along with forecast from 2014 to 2020 based on volume (Kilo Tons) and revenue (US$ Mn). It includes drivers and restraints for the anti-reflective coatings market along with their impact on demand during the forecast period. Additionally, the report comprises an analysis of opportunities available in the anti-reflective coatings market on the global and regional level. Drivers, restraints and opportunities mentioned in the report are justified with the help of quantitative and qualitative data, which has been verified by primary and secondary resources.
We have included a detailed value chain analysis in order to provide a comprehensive view of the anti-reflective coatings market. Value chain analysis provides details such as integration in the market, distribution channels, applications and end-users for the market. An analysis of Porter’s Five Forces model for the anti-reflective coatings market has also been included to help understand the competitive landscape of the market. The study encompasses a market attractiveness analysis, wherein end-users in the market are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share. We have also incorporated company market share analysis to provide detailed analysis of the market.
The study provides a decisive view of the anti-reflective coatings market by segmenting it in terms of end-users. End-users have been analyzed based on present and future trends, and the CAGR for the market has been estimated between 2014 and 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also includes demand for individual end-users across all the regions.
The report provides a detailed competitive outlook including company profiles of key participants operating in the global anti-reflective coatings market. Key players profiled in the report include Carl Zeiss AG, Essilor International S.A., Hoya Corporation, Honeywell International Inc., iCoat Company LLC, Janos Technology LLC, JDS Uniphase Corporation, Optical Coatings Japan, PPG Industries, Royal DSM, and Rodenstock GmbH. Company profiles include attributes such as company overview, brand/product portfolio, financial overview, business strategy, and key/recent developments related to the market.
Constant currency rates have been considered while estimating the forecast in this report. Prices of anti-reflective coatings and its product segment vary in each region; hence, a similar volume-to-revenue ratio does not follow for each individual region. The same price for each end-user has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by end-user segment in each region. Models and estimates have been used to produce comprehensive data sets when hard data was not available. We have used the bottom-up approach by considering individual end-user segments and integrating them to arrive at the global market. End-users have been further bifurcated using the top-down approach to derive the consumption of products in the regional market.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
The market has been segmented as below:
Anti-reflective Coatings Market - End-user Analysis
- Others (Including telecommunication, etc.)
Anti-reflective Coatings Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (Includes Latin America, the Middle East and Africa)