The global fiber optic preform market is projected to grow at swift rate, owing to the factors such as increasing demand for high bandwidth communication trade, growth opportunities in the healthcare sector and increasing government funding in infrastructure. Fiber optic technology has a vital role in telecom sector, attributed to surging demand for broadband and high-speed internet connectivity. The developments planned in the fiber optic industry is expected to open a new growth opportunity for the numerous areas such as telecom, oil & gas, military & aerospace, BFSI, medical, railway, and others. Attracted by the high success of the optical communication industry, there has been a notable increase of optical fiber preform industrial development projects across China over in the past two years.
The adoption of optical fibers has compelled the manufacturers of optical fiber preform to increase their production capacity. Presently there is a deficit in the supply and growth in the demand of optical fiber preforms. The supply gap is likely to recover through the expansion of the preform manufacturing plants by prominent manufacturers such as Yangtze Optical Fibre and Cable Co., Ltd., and Corning Inc.
In 2017, the telecom fiber price increased by more than 10% to 20%, due to the shortage of fiber across the globe. In the beginning of 2017, various companies have announced the projects to expand existing preform factories and build new preform factories. There are various on-going projects in the U.S., China and India. The projects are expected to add up to 3,000 tons of preform capacity. In addition, the increase in capacity could bring 55 to 90 million km of new fiber capacity in the market. There are around 20 major manufacturers across global market, including, Yangtze Optical Fibre and Cable Co., Ltd, Corning Inc, Sumitomo Electric Industries, Hengtong Optic-electric China and Shin-Etsu Chemicals amongst other players.
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