Fiber Optic Coatings Market - Forecast(2023 - 2028)

Fiber Optic Coatings Market size is forecast to grow at a CAGR of 5.6% during 2021-2026. Fiber Optic Cable is made up of three components namely, core, cladding and coating. The fiber optic coating is done to preserve the strength of the fiber, absorb the shock and provide an external protection to the fiber in different environments. The coating range varies from 250 microns to 900 microns. Optical fibres are often coated with polymer coatings to protect them from mechanical damage during manufacture and use. The impact of polymer coating on silica strength and fatigue behavior has been extensively recorded. A beamsplitter is an optical system that can break an incident light beam into two beams with different optical powers. The growth is mainly due to rise in demand for fiber optic in buildings and communication and electronic and semi-conductor devices.

The COVID-19 pandemic has had an immediate impact on the world economy and that impact goes across all industries. The Fiber Optic Coatings Market has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. The pandemic shutdown has affected the demand and supply chain as well which has been restricting the growth for 2020 and 2021. Demand is normally low during the early stages of a COVID-19 pandemic, but development continues at a reduced rate. Furthermore, for the first time, the volume of optical cable built worldwide decreased prior to COVID-19.

The report: “Fiber Optic Coatings Market- Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fiber Optic Coatings Industry.

By Polymer Used: Acrylate, Fluoroacrylate, Silicone, Hard Optical Polymer, Fluoropolymers, Polyimide, and Others.

By Type of Coating: Anti-Reflection Coating, High Reflection Coating, Filter Coating, Beamsplitter Coating, Transparent Conductive Coating, Metallic Mirror Coating, Electro Chromic Coating, Partial Reflection Coating and Others.

By End Use: Electrical & Electronics, Telecommunication, Chemical Industry, Building and Construction and Others.

By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and RoW (Middle East and Africa).

Hard Optical Fiber held the largest share of 33% in the Fiber Optic Coatings Market in 2020. This growth is mainly attributed to the increasing demand for optic coating for low to medium power application. The hard-optical fiber coating is highly recommended to protect the optical fiber from scratches which damage the optical integrity of the fiber. The most commonly used material for jacketing the fiber material are nylon and Teflon. These can hold and work in temperature up to 125 degree Celsius and are biologically compatible and most widely used in the laser surgery.

Anti-Reflection Coating held the largest share of 30% in the Fiber Optic Coatings Market in 2020. Anti-Reflection Coating is done to improve the efficiency of the optic by enhancing the contrast, eliminating the ghost image and also by increasing the transmission. These coatings are very durable and resistant to physical and environmental changes. As the light passed through air approximately 4% of the light will be reflected each time the light interacts with the surface. The total transmission because of which remains only 92% of the ray of light incident, which intern changes the result of many applications. The anti-reflection coating are applied to the optical surfaces in order to increase the throughput of the system and also to reduce the hazard caused by the reflection which travel backward to the system and the ghost image.

Electrical & Electronics dominates the Fiber Optic Coatings Market is expected to grow at a CAGR of 7.2% during the forecast period. The electrical and electronics is the fastest growing industry in Fiber Optic Coatings Market. It is majorly used because of its mechanical strength, resistance to abrasion and radiation. Major applications include medical devices, buildings, and semiconductor. With the growing fiber optic coatings and its demand for coatings particularly in the regions of Asia-Pacific, North America and Europe. The segment is witnessing growth due to the rising penetration from untapped markets. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market. Furthermore, R&D in Fiber Optic Coatings will support the growth of the Fiber Optic Coatings Market.

Asia Pacific region held the largest share in the Fiber Optic Coatings Market in 2020 up to 37%, owing to the increasing electrical and electronic market in the region. East Asian countries like China, Japan, South Korea and Taiwan are the world’s most important semiconductor players of the world. There is growth of different kinds of electronics like data processing electronics, communication electronics, consumer electronics, automotive electronics, and Industrial electronics. According to a study “Semiconductor the next wave” 70% of semiconductor sales is done in the APAC region excluding Japan. North America and Asia Pacific will be the fastest growing regions in the coming years. Currently the Fiber Optic Coatings Market has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. It in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020.

Industrialization has led to the increase in demand for fiber optic coating in various industries for different purposes. The rise in demand for optic coating is due to the growth in the semiconductor and telecommunication industry. The increase and benefit of optic coating in improving the reliability and productivity of the material. Also increasing awareness about the use of energy efficiency in the buildings.

There is a high increase in the cost of production because of the rising cost of raw material used in the fibre optic coating. The techniques used in the optical fibre coating are very costly and require more of money into it. More R&D is required in order to cut the cost without actually depleting the effectiveness of the work in the fibre optic coatings market.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Fiber Optic Coatings Market. Major players in the Fiber Optic Coatings Market are Abrisa Technology, Artemis Optical Ltd., E.I. Dupont De Nemours, Nippon Sheet Glass, Newport Corporation, Zeiss Group, Inrad Optical Inc., PPG Industries, and Others.