World optical-coatings market to reach $2.3 billion by 2001

World optical-coatings market to reach $2.3 billion by 2001

The world market for optical coatings will grow by 9% annually over the next five years, rising from the current $1.6 billion to reach $2.3 billion by 2001, according to a study by Business Communications Company Inc. (Norwalk, CT). The highest average annual growth will occur in the Pacific market, with a projected yearly increase of 11%. Meanwhile the US market, accounting for 40% of world optical-coatings sales, will reach $920 million, uٻ% annually from the current value of $634.7 million.