PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635084
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635084
The global anti-reflective coatings market is projected to grow from an estimated $5.5 billion in 2024 to $8.1 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is driven by the increasing demand for anti-reflective coatings in various industries, including electronics, eyewear, and construction. The rising adoption of anti-reflective eyeglasses and the expanding photovoltaic industry further contribute to market expansion.
Key Insights
Vacuum deposition accounts for the largest revenue share, over 40% in 2024, due to its minimal environmental impact, adaptability, affordability, and quick setting. Sputtering technology is expected to witness the highest growth, with a CAGR of 7.0% during the forecast period, owing to its high mechanical and environmental endurance, as well as enhanced precision and absorption.
Electronic devices hold the largest revenue share, over 41% in 2024, driven by the growing usage of anti-reflective coatings on display panels, smartphones, and tablet screens. The solar panels segment is expected to experience significant growth, attributed to the increasing installation of solar panels worldwide and the need to enhance their efficiency by reducing surface reflection.
Asia-Pacific leads the market, accounting for over 45% of the revenue share, due to the expansion of the aerospace sector and the rise in demand for packaging in logistics. Countries like China, India, and South Korea are major manufacturers of electronic products, contributing to the regional market growth.
There is a growing focus on sustainability and eco-friendly formulations in anti-reflective coatings, driven by increasing environmental awareness among consumers. Research and development investments are being directed toward creating sustainable, eco-friendly anti-reflective coatings that reduce environmental impact.
High production costs associated with advanced coating technologies pose a challenge to market growth. Extensive research investments are necessary for developing high-performance coatings, and the fluctuating prices of raw materials can directly affect product costs.