Plastic Optical Fiber Market Size, Demand, Scope, Share, Growth, Applications, Types and Forecasts Report 2027
COVID-19 Impact on Plastic Optical Fiber Market
·
The COVID-19 pandemic has impacted a
large number of countries across the globe. Various measures introduced to deal
with the pandemic such as lockdowns, decrease in trade activities, and closure
of various factories and workplaces in several countries could save lives;
however, these measures carry wide-ranging economic effects, which can induce
an economic contagion.
·
Shortage of supply of raw materials
from various manufacturers of plastic optical fibers around the globe has
resulted in a severe demand-supply gap. Manufacturers are further expected to
be stranded on raw material orders owing to the logistics industry being
significantly impacted due to lockdowns amid COVID-19.
·
Shutdown in various countries across
the globe has prohibited import of various components including additives and
raw materials required for improving performance. This is likely to hamper
various application industries.
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Asia Pacific to Dominate Plastic Optical Fiber Market
·
In terms of geography, the global
plastic optical fiber market can be segmented into North America, Latin
America, Asia Pacific, Europe, and Middle East & Africa
·
Asia Pacific is expected to dominate
the market in the near future due to increase in penetration of optical fiber
technologies in developing economies owing to numerous upcoming projects, such
as smart cities. China, India, and Japan lead the plastic optical fiber market
in Asia Pacific.
·
R&D investments in development of
plastic optical fiber and installation of new production capacities by key
players are also fuelling the market in Asia Pacific
·
North America is the emerging region
of the global plastic optical fiber market. Increase in population, changing
lifestyle, and improvement in disposable income are factors boosting the
plastic optical fiber market in the region. The market in North America is
expected to witness the highest growth rate during the forecast period.
·
The plastic optical fiber market in
Europe, particularly in countries such as the U.K., Germany, and France, has
been expanding significantly due to rapid industrialization. Norway and the
Netherlands are also expected to contribute significantly to plastic optical
fiber market in the region. Growth of the market in Europe can be ascribed to
favorable government policies.
·
Demand for plastic optical fiber is
expected to increase in Latin America and Middle East & Africa in the near
future, led by growth in standard of living of the people in these regions
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Key Manufacturers Operating in Global Plastic Optical Fiber Market
Key
manufacturers operating in the global plastic optical fiber market include:
·
Mitsubishi Chemical Corporation
·
Toray Industries Inc.
·
AGC Inc.
·
Asahi Kasei Corporation
·
Nanoptics
·
Baumer Ltd.
·
Timbercon
·
Fluid Coating Technology, Inc.
·
Chromis Fiberoptics, Inc.
·
TE Connectivity
·
Fiberoptic Systems, Inc.
·
South Coast Fiber Optics
Global Plastic Optical Fiber Market: Research Scope
Global Plastic Optical Fiber Market, by Material
·
Polymer Polymethylmethacrylate (PMMA)
·
Perfluorinated Polymers
·
Others
Global Plastic Optical Fiber Market, by Mode
·
Single Mode
·
Multimode
Global Plastic Optical Fiber Market, by Application
·
Electronic Appliances
·
Motor Vehicles
·
Medical
·
Others
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Plastic Optical Fiber Market: Segments
·
The plastic optical fiber market can
be segmented based on material, mode, application, and region
·
Based on material, the plastic
optical fiber market can be divided into polymer polymethylmethacrylate (PMMA),
perfluorinated polymers, and others
·
Based on mode, the plastic optical
fiber market can be bifurcated into single mode and multimode
·
In terms of application, the global
plastic optical fiber market can be classified into electronic appliances, motor
vehicles, medical, and others.
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