Global Anti-reflective Coatings Market: Snapshot

Anti-reflective coatings are applied on a wide variety of commonly used products such as eyeglasses, touch screens in electronic devices, flat panel displays, and smartphone displays. Ripe demands from these mature application areas are the chief factors why the global anti-reflective coatings market is progressing at a steady pace. However, the market is expected to benefit mostly from rising demands from solar power generation and telecommunications industries. 

Anti-reflective coatings are optical thin film coatings that help reduce reflections from a variety of surfaces. These coatings increase transmission by reducing loss of light through reflectance. At the point where glass meets air, nearly 4% of light falling upon the glass at perpendicular angle is lost due to reflection. The percentage of light lost in such cases keeps increasing with increase in light’s angle of incidence. For solar panels, especially, light reflected is light wasted. Application of anti-reflective coatings on solar panel glasses helps in minimizing reflection of light, and thus in delivering better light transmission. 

According to TMR, he global anti-reflective coatings will exhibit an impressive CAGR of 8.2% over the period between 2014 and 2020, rising to a revenue opportunity of over US$4.9 billion by 2020. 

Eyewear Industry to Remain Leading Consumer of Anti-reflective Coatings

The report covers the key end use industries for anti-reflective coatings, including eyewear, solar, automobile, and electronics. Of these, the eyewear industry is presently the leading consumer of anti-reflective coatings market and is likely to remain one of the most promising end use sectors for the market in the next few years as well. The industry presents demand for anti-reflective coatings for use in high light transmitting products and comfortable lenses and eyeglasses. In 2013, the industry contributed nearly 40% of the overall revenue of the global market. 

Other than eyewear and solar power generation, the electronics industry is another leading consumer of anti-reflective coatings. In 2013, second-largest share in the market was held by the electronics industry. The robust smartphone industry, rising global demand for flat panel displays, and the use of anti-reflective films during photolithography during fabrication of semiconductors make the electronics industry an important end user of the market. Owing to rising use in applications such as dashboards and high transmitting windows in a variety of vehicles, the automotive industry has also emerged as an important end use sector of the anti-reflective coatings market. 

Asia Pacific to Emerge as a Leading Regional Market for Anti-reflective Coatings

From a geographical standpoint, the regional anti-reflective coatings market in North America accounted for nearly 35% of the overall market in 2013. Dominance of this regional market is likely to remain unhindered in the near future as well due to rising demands for anti-reflective coatings from eyeglasses and flat panel displays. The market for anti-reflective coatings in Europe has also witnessed steady expansion in the past years and likely to embark upon a strong growth path in the near future owing to the well-established eyewear, solar power, and automotive industries.

The Asia-Pacific anti-reflective coatings market is expected to present the most promising growth prospects over the report’s forecast period. High demand from the electronics industry and steady expansion of industries such as automotive and solar power in the region are expected to remain the leading factors driving the market for anti-reflective coatings in the near future.

Some of the leading vendors in the market are Carl Zeiss AG, Hoya Corporation, Royal DSM, Optical Coatings Japan, PPG Industries Inc., JDS Uniphase Corporation, Honeywell International Inc., and Essilor International S.A.

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
  • Eyewear
  • Electronics
  • Solar
  • Automobile
  • Others (Including telecommunication, etc.)
Anti-reflective Coatings Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (Includes Latin America, the Middle East and Africa)
.