Latin America Optical Coating Market Size & Outlook
Latin America optical coating market, 2016-2028 (US$M)
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Latin America optical coating market highlights
- The Latin America optical coating market generated a revenue of USD 701.9 million in 2021.
- The market is expected to grow at a CAGR of 8.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 701.9 million |
| Market revenue in 2028 | USD 1,257.4 million |
| Growth rate | 8.7% (CAGR from 2021 to 2028) |
| Largest segment | Anti-reflective coatings |
| Fastest growing segment | Reflective Coatings |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 4.1% of the global optical coating market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,585.2 million by 2028.
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Optical Coating Market Scope
Optical Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 28.24% in 2021. Horizon Databook has segmented the Latin America 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.
Growing infrastructure development owing to industrial growth to serve the demand of manufactured goods for the U.S. is expected to boost growth of semiconductor and consumer electronics industries which is expected to propel market demand for optical coatings in the region.
Rapidly growing medical devices market in MERCOSUR economies including Brazil, Argentina, Bolivia, Paraguay, and Uruguay, coupled with supportive policies including free trade agreements are expected to promote optical coatings demand from medical devices sector in the region.
Significant growth in demand from solar sector can be attributed to increasing investments, geographic advantage and favorable government policies in the region. Rising spending in defense sector in owing to the need to modernize defense & military equipment including arms, helicopters, communication and other equipment is expected to propel market growth for optical coatings in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America optical coating market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America optical coating market size, by country, 2016-2028 (US$M)
Latin America Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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