Global Antifog Coatings Market Size 2024, Forecast To 2033
11 Mar, 2024
The antifog coatings market size has grown strongly in recent years. It will grow from $5.33 billion in 2023 to $5.6 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, focus on workplace safety, government support for automobile industry and increase in territorial and political conflicts. The antifog coatings market size is expected to see strong growth in the next few years. It will grow to $6.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to global population growth and urbanization, rapid growth in ecommerce, government mandates for helmet safety, increasing infrastructure development expenditure by governments and growth in sports sector. Major trends in the forecast period include focusing on uv-cure high performance anti-fog coatings, focusing on new technologies, indulging in research and development to innovate, launch new goods and services and focusing on quick cure antifog coatings for long-lasting anti-fog performance.
Global Antifog Coatings Market Key Driver
The rapidly expanding e-commerce market is poised to be a driving force behind the antifog coatings market in the forecast period. The proliferation of e-commerce facilitates increased access to electronics, sunglasses, sportswear, and various other products, thereby generating a heightened demand for antifog coatings. In 2024, e-commerce sales in the US reached $870 billion, reflecting a substantial 14.2% increase over the previous year. The surge in demand for logistics services to cater to the growing e-commerce market is expected to drive the demand for commercial vehicles, subsequently fueling the need for antifog coatings. Notably, commercial vehicle sales in India experienced a 25% increase in February 2022 compared to the previous year. Consequently, the thriving e-commerce sector is anticipated to be a key driver for the demand for antifog coatings, with market size values for 2023, 2024, and 2028 illustrating this growth trajectory.
Get A Free Sample Of The Global Antifog Coatings Market ReportGlobal Antifog Coatings Market Segments
The antifog coatings market covered in this report is segmented –
1) By Product: Foggy Guard Coating (FGC), Defog Coating (DFC)
2) By Substrate: Acrylic, Glass, PET, Polycarbonate, Polyamide
3) By End User: Helmet Visors And Face Shields, Flat Polycarbonate Sheets, Commercial Freezer Window, Automobile Anti-Fog Led Headlights, Other End Users
By Geography:The regions covered in the antifog coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the antifog coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the antifog coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Antifog Coatings Industry Players
3M Company, Hydromer Inc, Mitsui Chemicals, Tosaf Compounds Ltd, TOCALO Co. Ltd, Croda International plc, FSI Coating Technologies, Emery Oleochemicals Group, NEI Corporation, iCoat Company, Bostik, Hilco Vision, Shamir Glacier, Starshield Technologies Private Limited, Banzai Solutions, Huzhou Guoneng New Material Company Ltd, Xingtai Shineway Corporation Company Limited, Guangzhou Aurora Health Products Company, Shandongh Rusian Chemical Technology Company Limited, Optical Coating Technologies, Peerless Plastics and Coatings, Hoya Lens UK Limited, Weilburger Coatings GmbH, WeeTect, PPUH Select Ltd, FSI Coating Technologies anti-fog coatings, SDC Technologies, Coburn Technologies, ABRISA TECHNOLOGIES, Dymax Corp, Industrial Hard Carbon LLC, Chemsol Inc.
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Antifog Coatings Market Overview
The anti-fog coatings market consists of sales of anti-fog coatings by entities (organizations, sole traders, and partnerships) that are used in the application for inhibiting the condensation of the water and preventing fogging on the surface. These are used to reduce glare, improve transmission, and enhance durability and abrasion resistance. The anti-fog coating is applicable to products such as dive masks, goggles, car windows, bathroom-back painted glasses, kitchen backsplashes, and other various applications.
Antifog Coatings Global Market Report 2023 provides data on the global antifog coatings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The antifog coatings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.