The Business Research Company’s Antifog Coatings Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Antifog Coatings Global Market Report 2023 evaluates antifog coatings market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global antifog coatings market is poised for significant growth, with an estimated value of $5,820.9 million projected for the year 2026. This anticipated increase is set to transpire at a steady rate of 3.5%. Beyond this point, the market is forecasted to exhibit sustained expansion, achieving a remarkable Compound Annual Growth Rate (CAGR) of 4.1% from 2026 onwards, ultimately reaching an impressive valuation of $7,110.9 million by the year 2031.
One of the key drivers of this burgeoning market is the remarkable ascent of the e-commerce industry. As the e-commerce sector continues its meteoric rise, it has catalyzed a surge in the demand for antifog coatings. This growth is intrinsically linked to the e-commerce sector's capacity to make electronic devices, sunglasses, sportswear, and various other consumer goods more accessible to a global audience.
To put this into perspective, consider the data provided by the US Department of Commerce Retail Indicator Division, which reveals a staggering $870 billion in e-commerce sales within the United States in 2021. This marked a 14.2% increase over the preceding year and an astonishing 50.5% surge from 2019. As e-commerce giants seek to satisfy the mounting demands of their clientele, they are increasingly reliant on logistics and commercial vehicles.
This surge in demand for logistics services, as driven by e-commerce, is a pivotal factor spurring the growth of the commercial vehicle industry. This, in turn, augments the demand for antifog coatings. Furthermore, in an era marked by expedited deliveries and streamlined supply chains, the importance of last-mile delivery in the e-commerce sphere cannot be overstated. This focus on enhancing delivery efficiency is driving the demand for commercial vehicles, and consequently, it is propelling the demand for antifog coatings to new heights.
A compelling illustration of this trend can be found in the Indian commercial vehicle market, where sales surged by an impressive 25% in February 2022 compared to the previous year. The correlation between this upswing and the expanding e-commerce market is unmistakable. It is, therefore, evident that the burgeoning e-commerce landscape is set to be a catalyst for the growth and sustained demand within the antifog coatings industry, marking it as an area of both relevance and immense potential.
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The antifog coatings market segments in the report are:
1) By Product: Foggy Guard Coating (FGC); Defog Coating (DFC)
2) By Substrate: Acrylic; Glass; PET; Polycarbonate; Polyamide
3) By Application: Helmet Visors; Face Shields; Goggles and Safety Equipment; Flat Polycarbonate Sheets; Commercial Freezer Window; Automobile Components; Display Surfaces; Other Applications
The table of contents in TBRC’s antifog coatings market report includes:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
......
19. Competitive Landscape and Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Antifog Coatings Market, Conclusions And Recommendations
23. Appendix
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