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Qualities of anti-favorable coatings is driving the end users to shift towards antifog coatings
PUNE, India , Feb. 2, 2023 /PRNewswire/ --
The global Antifog Coatings Market is currently valued at USD 16.20 billion and is expected to reach USD 26.42 Billion by the end of 2029, growing at a CAGR of 5.93% over the next decade.
The anti-fog coatings market consists of sales by companies (organizations, sole proprietorships and partnerships) of anti-fog coatings used in applications to control water condensation and prevent surface fogging. They are used to reduce glare, improve transmission, and improve durability and abrasion resistance. Anti-fog coatings can be used in a variety of applications such as diving masks, goggles, car windows, backpainted bathroom glass, and kitchen backsplashes.
Anti-favorable coatings' properties have fueled expansion in a variety of end-use industries, including automotive and aviation, optical imaging equipment, protective eyewear, and sports and leisure, to name a few. Rising demand for protective safety gear in the military and medical industries, as well as automotive illumination to satisfy safety rules in hazardous ambient situations, are propelling the market. Many countries, notably India , the United States , China , Pakistan , and Russia , have increased their defense spending, boosting market development.
Furthermore, the market is being driven by rising demand for protective safety gear in the military and medical industries in hostile environments, as well as the necessity for it in automotive illumination to meet safety requirements. Such coatings have grown popular due to their capacity to reduce light scattering; nevertheless, in harsh weather circumstances, they may reveal non-uniform characteristics and induce frost, posing a hazard to the industry throughout the projected period.
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In October 2020 , SDC Technologies Inc., a US-based chemicals company, acquired COTEC Gmbh for an undisclosed amount. This acquisition aimed to broaden SDC Technologies' range of hard liquid coatings and provide coating materials for a complete eyewear lens coating stack. COTEC Gmbh is a Germany -based company that manufactures anti-fog coatings.
Antifog Coatings Market Share Insights-> north America (45%) accounts for the largest share of the global Antifog Coatings Market due to significant presence of key market players in the region.
Based on substrate, the global anti-fog coating market is segmented into acrylic, glass, PET (polyester film), polycarbonate (PC), and polyamide. Acrylics dominate the market due to increasing demand, followed by polyamides. Growing demand for interior lighting, safety glasses, and automotive instrumentation applications is driving market expansion in these areas. For these purposes, anti-fog coatings are commonly used in the production of polyamides, glass substrates, and acrylics.
Antifog Coatings Market Report Scope:
Featured points of the Report
The Key Players in Antifog Coatings Market are FSI Coating Technologies, 3M Company, Peerless Plastics & Coatings, TOCALO Co., Ltd, Mitsui Chemicals, ALCAT Coatings, PPG., The Sherwin-Williams Co., AkzoNobel, Nippon Paint Holdings Co., RPM International Inc., Axalta Coating Systems., BASF Coatings., Kansai Paint Co. Ltd., Others.
By Type, by Technology, End-User, and Region
Market growth drivers, constraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segment and region, market share analysis of companies, and COVID-19 impact analysis.
North America, , Asia Pacific, Europe, Middle East & Africa, and South & Central America
Learn about the contribution of each segment summarized in concise info graphics and thorough descriptions View a FREE PDF Sample Report
Antifog Coatings Market: Regional Landscape
Presence of well-developed primary, secondary, and tertiary care facilities in the North America region drives market growth.
North America will contribute significantly to the growth of the anti-fog coatings market with a 45% share in 2021. This is due to the increasing demand from the automotive, building and construction industries. The growth of the sports industry in the US and Canada has increased the use of digital devices, goggles and apparel. The European anti-fog coating market is driven by the increasing demand for colorful sunglasses in the fashion and cosmetics industry. The European anti-fog coating market is driven by the fashion and cosmetics industry's need for colorful sunglasses.
In this report, the market has been segmented on the basis of:
Antifog Coatings Market by Substrate, 2022-2029, (USD Millions), (Thousand Units)
Antifog Coatings Market by End User, 2022-2029, (USD Millions), (Thousand Units)
Antifog Coatings Market by Region, 2022-2029, (USD Millions), (Thousand Units)
Important Countries in All Regions Are Covered.
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What are the goals of the report?
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