Canada Optical Coating Market Size & Outlook, 2021-2028
Canada optical coating market, 2016-2028 (US$M)
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Canada optical coating market highlights
- The Canada optical coating market generated a revenue of USD 594.0 million in 2021 and is expected to reach USD 1,009.2 million by 2028.
- The Canada market is expected to grow at a CAGR of 7.9% from 2022 to 2028.
- In terms of segment, anti-reflective coatings was the largest revenue generating product in 2021.
- Reflective Coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Optical coating market data book summary
| Market revenue in 2021 | USD 594.0 million |
| Market revenue in 2028 | USD 1,009.2 million |
| Growth rate | 7.9% (CAGR from 2021 to 2028) |
| Largest segment | Anti-reflective coatings |
| Fastest growing segment | Reflective Coatings |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Reflective Coatings, Reflective Coatings, Filter Coatings, Conductive Coatings, Electrochromic Coatings |
| Key market players worldwide | Cascades Inc, Inrad Optics Inc, Fujikura Ltd, PPG Industries Inc, Viavi Solutions Inc, Flat Glass Group Co Ltd Shs -H- Reg S, Berlinger & Co AG |
Other key industry trends
- In terms of revenue, Canada accounted for 3.5% of the global optical coating market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. optical coating market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 9,646.1 million by 2028.
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Optical Coating Market Scope
Optical Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada optical coating market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to optical coating market will help companies and investors design strategic landscapes.
Anti-reflective coatings was the largest segment with a revenue share of 30.25% in 2021. Horizon Databook has segmented the Canada optical coating market based on anti-reflective coatings, reflective coatings, filter coatings, conductive coatings, electrochromic coatings covering the revenue growth of each sub-segment from 2016 to 2028.
Anti-reflective coatings are widely used in automotive as it enhances light transmittance from 5% to 10%. Improves energy efficiency, it is easy to apply in low-cost dip coating process. It is used in variety of light fixture materials application such as LED lighting, daylighting, sign boxes, displays, fluorescent lighting. Increased demand for automotive is expected to drive the demand for optical coatings.
Infrastructure development is expected to drive the demand for optical coatings. Increased development of medical buildings, offices, educational buildings, government, and industrial projects is expected to drive the demand for the market over the forecast period.
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Our clientele includes a mix of optical coating market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada optical coating market , including forecasts for subscribers. This country databook contains high-level insights into Canada optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Canada optical coating market size, by product, 2016-2028 (US$M)
Canada Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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