According to Fortune Business Insights, The global optical coating market size was valued at USD 15.38 billion in 2023 and is projected to grow from USD 16.66 billion in 2024 to USD 30.62 billion by 2032, exhibiting a CAGR of 8.0% during the forecast period. Asia Pacific dominated the optical coatings market with a market share of 47.53% in 2023. Moreover, the optical coatings market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 3.37 billion by 2032, driven by the rising usage of optical coating in the automotive industry.
The rising footfall of thin-film optical coatings across military equipment, semiconductor technologies, solar energy and scientific equipment will augur well for the industry outlook. Technological advancements and rising demand for powerful optical products will drive market growth in the ensuing period.
Major Players Profiled in the Report:
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