China Optical Coating Market Size & Outlook, 2021-2028
China optical coating market, 2016-2028 (US$M)
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China optical coating market highlights
- The China optical coating market generated a revenue of USD 2,034.1 million in 2021 and is expected to reach USD 4,243.4 million by 2028.
- The China market is expected to grow at a CAGR of 11.1% 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 2,034.1 million |
| Market revenue in 2028 | USD 4,243.4 million |
| Growth rate | 11.1% (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, China accounted for 12.0% 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 Asia Pacific, China optical coating market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,243.4 million by 2028.
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Optical Coating Market Scope
Optical Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 29.02% in 2021. Horizon Databook has segmented the China 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.
In addition, technological advancement coupled with increasing consumer willingness to pay in the country is expected to propel demand over the forecast period. Large-scale expansion in the medical & surgical equipment industry has led to an increase in medical equipment manufacturing, ultimately leading to augmented optical coatings demand.
Increased budget allocation for defense owing to rising global threats coupled with growing requirement of defense equipment is expected to propel optical coatings demand over the forecast period. Growth in Chinese automobile industry has slowed down owing to concern regarding vehicular emission and increasing pollution levels coupled with slowing economy.
However, large scale investment by OEM manufacturers is expected to propel market growth for optical coatings. Construction activities have also slowed down in the country owing to economic structure restructuring and drop in housing demand.
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Horizon Databook provides a detailed overview of country-level data and insights on the China optical coating market , including forecasts for subscribers. This country databook contains high-level insights into China optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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China optical coating market size, by product, 2016-2028 (US$M)
China Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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