Saudi Arabia Optical Coating Market Size & Outlook
Saudi Arabia optical coating market, 2016-2028 (US$M)
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Saudi Arabia optical coating market highlights
- The Saudi Arabia optical coating market generated a revenue of USD 64.5 million in 2021 and is expected to reach USD 103.6 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 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.
Optical coating market data book summary
| Market revenue in 2021 | USD 64.5 million |
| Market revenue in 2028 | USD 103.6 million |
| Growth rate | 7% (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, Saudi Arabia accounted for 0.4% 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 Middle East & Africa, Saudi Arabia optical coating market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 103.6 million by 2028.
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Optical Coating Market Scope
Optical Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 27.44% in 2021. Horizon Databook has segmented the Saudi Arabia 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.
The drivers for growth includes construction of industrial parks, Leisure and recreational facilities, as well as health care facilities. Urbanization trend and population growth is expected to continue to support a pipeline for new projects in future.
The expansion of Makkah’s Grand Mosque is expected to cost USD 5.3 billion and is linked to the Jabal Omar Development project. The project includes the redevelopment of 2.2 million square meters of land and the setting up of 38 new towers, which will have hotels and service accommodation.
The optical coatings market is estimated to prosper in the region mainly due to the growth of the automotive industry. Some of the factors that will strongly drive the automotive industry in Saudi Arabia are the divergence of demographics and affluence levels driving the demand for premium and entry-level cars, the rise in government incentives, regional demand, and raw material availability.
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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 Saudi Arabia optical coating market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia optical coating market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia optical coating market size, by product, 2016-2028 (US$M)
Saudi Arabia Optical Coating Market Outlook Share, 2021 & 2028 (US$M)
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