With the rapidly changing consumer lifestyles, the use of touchscreen devices, including smartphones, tablets, & smartwatches, is dramatically increasing, which, in turn, is directly impacting the demand for Anti-fingerprint coatings to prevent the deposition of fingermarks. As touchscreens are becoming a significant part of a consumer’s daily life, the smudging of fingerprints is becoming a serious concern for them in terms of both screen efficiency & quality.
Anti-fingerprint coatings are highly durable, ultra-thin, & optically clear. They provide long-lasting protection to the surface from dust, water, oil, and fingerprint smudging. They also enhance the surface hardness and make it easy to clean. Besides, they pose several other performance advantages in different applications.
The Global Anti-Fingerprint Coatings Market is anticipated to grow at a CAGR of around 7.01% during the forecast period, i.e., 2021-26. Anti-fingerprint coatings are experiencing increasing demand across several end-users, including automotive, consumer goods, and building & construction industries, owing to their smudge control capabilities & high durability.
The rising demand for ceramic sanitary ware for consumer hygiene, coupled with rapid urbanization and increasing consumer disposable income, are the prime factors driving the growth of the anti-fingerprint coatings market worldwide. In addition, with the mounting usage of consumer goods like tablets, mobile phones, and wearable devices among consumers, the problem of smudging, fingerprint strains, & reflectivity on these devices' surfaces are fueling the demand for an efficient coating to prevent it from dirt & stains.
These coatings have gained immense popularity among both display & device manufacturers owing to their properties like improved clarity & reduced fingerprint visibility, which is a critical factor in enhancing the aesthetic appeal of displays. Moreover, continuous research & development activities are undergoing to offer more effective coatings, which is another crucial aspect projected to boost their adoption across various end-user industries in the coming future.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain, Netherlands|
|Asia-Pacific: China, India, Japan, South Korea, Australia|
|South America: Brazil|
|Middle East & Africa: UAE, Saudi Arabia, South Africa|
|Key Companies Profiled||AGC Inc., Cytonix, LLC, Daikin Industries, Ltd., Essilor International S.A., Harves Co., Ltd, Izovac Ltd, Leader Optronics Technology Co. Ltd., Nagase & Co., Ltd., Nanokote Pty Ltd., Nanoslic Protective Ceramic Coatings, Natoco Co., Ltd, Nippon Paint Surf Chemicals Co., Ltd, PPG Industries, Inc, Sumitomo Chemical Co., Ltd, and Taiwan Fluoro Technology Co., Ltd|
|Unit Denominations||USD Million/Billion|
Impact of Covid-19 on the Global Anti-Fingerprint Coatings Market
The Covid-19 pandemic adversely disrupted the anti-fingerprint coatings market dynamics in 2020. Governments worldwide took different initiatives like imposition of lockdown, movement restrictions, and shutdown of manufacturing units to deal with this global crisis. The halt in manufacturing anti-fingerprint coatings & other associated components led to massive financial losses and disruption in their supply & demand chain.
Further, the rapid transmission of the disease led to a decline in workforce availability. The closure of industries like automotive, building & construction, and consumer goods sectors negatively influenced the global market growth. Moreover, the suspension of major construction activities further declined the demand for anti-fingerprint coatings in the building & construction industry.
On the other hand, the pandemic also severely impacted the production & sales in the automobile industry, which is another crucial aspect that declined the demand for anti-fingerprint coatings in this sector. However, with the upliftment of restrictions, business operations across end-user industries resumed, which, in turn, infused the demand for anti-fingerprint coatings.