Antifog Coatings Global Market Report 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 historical growth can be attributed to several factors, including robust economic expansion in emerging markets, global population growth, increased emphasis on workplace safety, government backing for the automobile industry, and a rise 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%. Forecasted growth is fueled by global population increase, urbanization, e-commerce expansion, government helmet safety mandates, rising infrastructure spending, and a thriving sports sector. Key trends include UV-cure high-performance anti-fog coatings, technological adoption, intensive research and development, and a focus on quick-cure anti-fog solutions for sustained performance.

The anticipated growth of the e-commerce market is poised to be a driving force for the antifog coatings market in the forecast period. The expanding e-commerce landscape facilitates increased accessibility to electronics, sunglasses, sportswear, and various products, consequently amplifying the demand for antifog coatings. In the United States, e-commerce sales reached $870 billion in 2021, reflecting a noteworthy 14.2% surge compared to 2020, as reported by the US Department of Commerce Retail Indicator Division. The escalating demand from e-commerce entities for logistics to meet the surging needs of end customers is projected to bolster the demand for commercial vehicles, subsequently propelling the need for antifog coatings. The emphasis on reduced delivery times and more streamlined supply chains is expected to fuel the demand for last-mile delivery in e-commerce, thereby driving the demand for commercial vehicles. A tangible example is the 25% increase in commercial vehicle sales in India observed in February 2022 compared to the previous year. Consequently, the flourishing e-commerce market is anticipated to be a significant driver for the demand in antifog coatings.

The global population's continuous growth is forecasted to be a substantial factor propelling the demand for antifog coatings in the foreseeable future. The expanding population necessitates increased requirements for housing, transportation, and other amenities, consequently generating a heightened demand for antifog coatings. Data from the United Nations projects that the world population will reach 9.8 billion by 2050. The concurrent rise in urbanization is anticipated to contribute significantly to market growth during the forecast period. The United Nations estimates that by 2050, approximately 68% of the total global population will reside in urban areas, marking a notable increase from the current 55%. The rapid urbanization and population growth, particularly in developing economies, are expected to create substantial demand for antifog coatings in the market.

Focusing on exceptional long-term anti-fog performance, ease of cleaning, and resilience against abrasion, chemicals, and UV rays, UV-cure high-performance anti-fog coatings offer robust features. In August 2021, FSI Coating Technologies (FSICT), a US-based company specializing in high-performance anti-fog coatings, introduced the Visgard UV AF anti-fog coating. Utilizing the CrystalSpin UV AF Anti-Fog Coating Machine from FSICT, this coating enhances the durability and appearance of ophthalmic and safety eyewear lenses. Furthermore, FSICT provides a comprehensive range of thermal cure Visgard multipurpose high-performance water washable and water sheeting anti-fog coating materials designed for various industrial applications and substrates. Visgard stands out for its superior adhesion, enduring anti-fog performance, and excellent protection against abrasion, chemicals, and UV rays.

The surge in research and development activities is driving innovation, leading to the introduction of new products and services or enhancements to existing ones. Companies strategically invest in research and development to achieve cost management benefits, expand market participation, improve marketing propositions, and stay aligned with emerging trends. A notable example is the groundbreaking work conducted by researchers at Nanyang Technological University (NTU) in February 2022. They developed an innovative anti-fog coating for plastic surfaces designed to last for years without requiring renewal. This coating, when exposed to sunlight, is claimed to degrade impurities such as dirt and bacteria. The application process involves a two-step method that enhances adhesion and durability, featuring a double-layered silicon dioxide-titanium dioxide film.

In April 2022, UK-based plastic fabrication company Peerless Plastics & Coatings Ltd acquired RS Coatings Ltd for an undisclosed sum. This strategic move marks the next phase of business growth, emphasizing a commitment to delivering top-notch quality, service, and sustainable plastic solutions. RS Coatings, also based in the UK, specializes in applying coating solutions for protecting and decorating plastic and metallic components.

Major companies operating in the antifog coatings market report are 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.

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. The countries covered in the antifog coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of anti-fog coatings are fog guard coating (FGC) and defog coating (DFC). Fog guard coating utilizes super-hydrophilic nano-coating, offering features such as high washing stability, long-lasting anti-fog properties, single components, air drying, and ready-to-use materials. Substrates include acrylic, glass, PET, polycarbonate, and polyamide. End-users range from helmet visors and face shields to flat polycarbonate sheets, commercial freezer windows, and automobile anti-fog LED headlights.

The anti-fog coatings market research report is one of a series of new reports that provides anti-fog coatings market statistics, including anti-fog coatings industry global market size, regional shares, competitors with anti-fog coatings market share, detailed anti-fog coatings market segments, market trends and opportunities, and any further data you may need to thrive in the anti-fog coatings industry. This anti-fog coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The anti-fog coatings market consists of sales of anti-fog coatings, including surfactants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.