Oil & Gas Method Segment to Dominate APAC Metal Coated Fiber Market during 2021–2028

According to a new market research study on “APAC Metal Coated Fiber Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Coating Method, and End User” is expected to reach US$ 22.11 million by 2028 from US$ 11.83 million in 2021. The market is estimated to grow at a CAGR of 9.3% from 2021 to 2028. The report provides trends prevailing in the APAC metal coated fiber market along with the drivers and restraints pertaining to the market growth. Growing telecommunication industry is the major factor driving the growth of the APAC metal coated fiber market. However, issues associated with the high cost of metal-coated fibers issues hinder the growth of APAC metal coated fiber market.

The APAC metal coated fiber market is segmented into material, coating method, end user, and country. Based on material, the APAC metal coated fiber memory market is segmented into aluminum, copper, nickel, and others. The aluminum segment dominated the market in 2020 and copper segment is expected to be the fastest growing during the forecast period. Based on coating method, the APAC metal coated fiber memory market is segmented into freezing method, electroplating, electroless plating, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period. Based on end user, the APAC metal coated fiber memory market is segmented into oil and gas, defense and aerospace, medical, telecommunication and data centers, research & development, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period .Based on country, APAC metal coated fiber market is classified into Australia, China, India, Japan, South Korea, and Rest of APAC.

The COVID-19 pandemic has induced significant economic losses across countries in Asia-Pacific. The Asian economies have been hit hard due to the pandemic. Governing organizations across Asia-Pacific economies are adopting numerous strategies to restrict the spread of the virus, such as lockdowns, which directly impacted the growth of industrial sectors in 2020. The largest concentration of the fiber optics supply chain can be found in Wuhan, China. It is home to many companies, which together comprise 25% of the global optical fiber production capacity. The supply of optical fibers has been disrupted due to citywide quarantine in Wuhan. The various end-use sectors have been hit hard by the pandemic, impacting the consumption of metal coated fibers in the region. However, various countries from the region have restarted their business activities.

AFL; Arts Photonics GMBH; FORC- Photonics; Molex,LLC (Koch Industries, Inc.); OZ Optics Ltd.; Technical Fiber Products; and Thorlabs, Inc. are among the leading companies in the APAC metal coated fiber market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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