Steady growth projected for optical coatings market

17 Jun 2002

The world market for optical coatings is projected to experience a steady growth in sales through the turn of the century, according to a recent report. Buoyed by increased use of optical coatings in medical and industrial applications, suppliers must aggressively target their industrial customers to offset slowed growth of optical coatings in the defense industry, the report adds.

Total sales for the U.S. optical coatings market, including optical materials, will grow at an annual rate of 9% from the current $634.7 million to more $920 million by 2001, the report predicts. World market sales are projected to grow from the current $1,581.9 million to $2,293.1 million in the same period. The US accounts for 40% of world sales, followed by Europe and the pacific. The Pacific region are expected to experience the highest annual average growth rate at 11%/ As a result of the growth, the Pacific region is expected to surpass Europe as the second largest market for optical coatings by the end of the decade.

For a copy of the report, RGB-187 the Future for Optical Coatings. Contact Business Combinations Company, Inc., 25 Van Zant Street, Norwalk CT 06855 USA