Optical Fiber Raw Material Market By Raw Material (Silicon Tetrachloride (SiCl4), Germanium Tetrachloride (GeCl4), phosphorus oxychloride (POCl3)), By End User Industry (IT and Telecome, Aerospace, Healthcare, Energy and utilities, Manufacturing, Others):

Optical Fiber Raw Material Market By Raw Material (Silicon Tetrachloride (SiCl4), Germanium Tetrachloride (GeCl4), phosphorus oxychloride (POCl3)), By End User Industry (IT and Telecome, Aerospace, Healthcare, Energy and utilities, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global optical fiber raw material market was valued at $0.9 billion in 2021 and is projected to reach $2.9 billion by 2031, growing at a CAGR of 11.9% from 2022 to 2031.

Optical fiber is the medium and technology used to carry data from one source to another through a plastic or glass thread. Through optical links, information is conveyed as quick light pulses. At the receiving end of a fiber optic cable, light pulses are converted to binary values. Optical fiber provides various benefits, including higher bandwidth, reduced size, and weight, resilience to electromagnetic interference, data security, and electrical isolation, among others. These are utilized in communication applications, such as telecom, utilities, community access television (CATV), and military, as well as non-communication uses, such as sensors and fiber optic lighting.

Optical fibers are utilized in a variety of applications, including telecommunications, broadband, and data networking, due to their capacity to promote data transmission and communication. In addition, they are the most secure and cost-effective method for delivering sensitive data. The increasing demand for safe and quick internet connections in both the residential and commercial sectors is driving market expansion. Increasing internet penetration and smartphone ownership are driving an increase in data traffic, which, in turn, is driving an increase in the use of optical fiber with infinite capacity, hence stimulating market expansion. Moreover, the growing popularity of undersea infrastructure is resulting in an increased demand for cost-effective and long-lasting optical fibers, hence driving market expansion.

The implementation of favorable government policies in several emerging economies is stimulating the expansion of the market. Governments in a number of nations are deploying optical fibers to promote digitalization and provide internet access to remote communities. To promote digitalization, for instance, the Indian government intends to connect every village with optical fibers within three years. In addition, the German government is installing 60,000 kilometers of optical fiber connection for ultra-fast internet. These activities are raising the need for optical fiber cable, hence driving market expansion. In addition, the increasing improvements in telecommunications in the Middle East and Africa, as well as the region's expanding need for high-speed internet, are driving the market's expansion. Consequently, the rising demand for optical fiber will propel the market for optical fiber raw materials.

As wireless communication systems are considered alternatives to the use of fiber optics, the growth in the wireless communication systems market is expected to hinder the growth of the optical fiber market. Wireless communication systems have revolutionized the means of communication, data exchange, and transactions giving way to a new digital economy. Technological proliferation, growth in the usage of digital devices, and improved interfaces for real-time web surfing and applications have significantly increased data usage over wireless networks. Thus, the increasing wireless communications system will limit the usage of optical fiber and will hamper the growth of the optical fiber raw materials market.

The growth of 5G will be fueled by the hike in consumer data and the explosion of internet of things (IoT) devices. According to International Telecommunications Union (ITU), the market for IoT devices will result in over $ 46 billion by 2021. Moreover, numerous countries have invested in optical fiber deployments, which has been creating opportunities for the market; for instance, the U.S. is expected to need significantly more fiber-optic infrastructure over the next 5–7 years to support upcoming 5G wireless and broadband competition and rural broadband coverage and is expected to deploy fiber cable of around $130 billion to $150 billion. Thus, rising investments in optical fiber cable (OFC) network infrastructure will increase the demand for optical fiber and will drive the growth of the optical fiber raw materials market.

The optical fiber raw material market is segmented into raw material, end-user industry, and region. Depending on the raw material, the market is divided into silicon tetrachloride, germanium tetrachloride and phosphorus oxychloride. On the basis of the end-user industry, it is categorized into IT and telecom, aerospace, healthcare, defenses, energy and utilities, manufacturing, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global optical fiber raw material market are Fujikura Ltd, Corning Inc, Sterlite Technologies Ltd, Furukawa Electric Co. Ltd, The Prysmian Group, Finisar Corporation, Sumitomo Electric Industries Ltd, Nexans S.A., Reflex Photonics, TATA Communications.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the optical fiber raw material market analysis from 2021 to 2031 to identify the prevailing optical fiber raw material market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the optical fiber raw material market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global optical fiber raw material market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Raw Material

Silicon Tetrachloride (SiCl4)
Germanium Tetrachloride (GeCl4)
phosphorus oxychloride (POCl3)

By End User Industry

IT and Telecome
Aerospace
Healthcare
Energy and utilities
Manufacturing
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

Key Market Players

Furukawa Electric Co., Ltd.
Sumitomo Electric Industries
Sterlite Technologies Ltd.
Reflex Photonics
Fujikura Ltd.
Corning Inc.
Finisar Corporation
Nexans S.A.
Tata Communications Ltd.
The Prysmian Group

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