Middle East & Africa Optical Coating Market Size & Outlook
Middle East & Africa optical coating market, 2016-2028 (US$M)
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MEA optical coating market highlights
- The MEA optical coating market generated a revenue of USD 426.3 million in 2021.
- The market is expected to grow at a CAGR of 6.4% 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, Saudi Arabia is expected to register the highest CAGR from 2022 to 2028.
MEA data book summary
| Market revenue in 2021 | USD 426.3 million |
| Market revenue in 2028 | USD 659.4 million |
| Growth rate | 6.4% (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, MEA region accounted for 2.5% 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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Middle East & Africa 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 26.95% in 2021. Horizon Databook has segmented the Middle East & Africa 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 industrialization coupled with rising demand for automobiles in MEA is expected to propel optical coatings demand in the automotive sector. Rising disposable income levels of consumers is expected to propel demand for consumer electronics.
In addition, growing demand for low-priced smartphones is expected to augment demand. Rising investment by companies in solar energy generation owing to geographic location advantage is expected to propel market demand in the region.
Steady growth in the medical device industry owing to rising healthcare infrastructure development is expected to propel the market growth for optical coatings. Electrochromic coatings are being increasingly used in building construction owing to their properties including color change in the presence of heat and no requirement of electric current.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa optical coating market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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MEA optical coating market size, by country, 2016-2028 (US$M)
Middle East & Africa Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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