The global optical film market size is anticipated to reach USD 48.35 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 8.7% over the forecast period. Increasing demand for consumer electronics devices is expected to significantly drive the industry during the forecast period. Increasing demand for better visibility, optimum brightness, and lower power consumption for illuminating automotive instrument panels and displays is creating lucrative opportunities for optical film in automotive display applications. In addition, properties, such aslight control & enhancement, increased brightness, improved contrast, better sunlight durability, and others, are propelling the product demand in various applications.
Optical Film Market Report Highlights
- In terms of revenue, the polarizing film segment accounted for the maximum share in 2021. The segment is expected to grow further at a steady CAGRover the forecast period
- The smartphones application segment accounted for a significant revenue share in 2021 and will retain its industry position throughout the forecast period
- The rising middle-class population, shifting spending priorities, and changing consumption patterns towards more discretionary spending are driving the segment growth
- The Asia Pacific region led the global industry and accounted for the largest share of the overall revenue in 2021
- Strong manufacturing bases of consumer electronics companies and the presence of several end-use industries in the region are anticipated to fuel the product demand over the forecast period
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These applications include automotive displays, televisions, desktops & laptops, smartphones, tablets, signage & advertising display boards. Moreover, the rising adoption of digital & advertising display boards in commercial verticals, increasing infrastructural development, especially in emerging countries, and technological advancement in display products are projected to create product demand in signage & advertising display boards. Asia Pacific is anticipated to progress at the fastest CAGR over the forecast period. China led the APAC regional market in 2021 owing to the rising demand for the product in applications including automotive display, televisions, desktops & laptops, smartphones, tablets, signage & advertising display boards.
In addition, a well-established manufacturing base for consumer electronics in Taiwan, China, and South Korea is anticipated to provide further impetus to the region’s growth. However, the recent outbreak of COVID-19 in countries, such as India, China, and Japan,is impacting the product demand in signage & advertising display boards, smartphones, and otherapplications.Declining demand from end-use consumers, nationwide or partial city lowdown, and a slowdown in manufacturing activities as a result of the pandemic further hampered the region’s growth in the short term.
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List of major companies in the Optical Film Market
- Toray Industries Inc.
- 3M
- Nitto Denko Corp.
- Mitsubishi Chemical Corp.
- Teijin Ltd.
- Kolon Industries, Inc.
- LG Chem, Ltd.
- Hyosung Chemical
- Toyobo Co. Ltd.
- Sumitomo Chemical
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Grand View Research, Inc.
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Email: [email protected]
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For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/checkout/select-license/optical-film-market-report
Segmented the global optical film market on the basis of film type, application, and region:
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation and Publishing
1.7. List of Abbreviations
Chapter 2. Executive Summary
2.1. Optical Film: Market Snapshot
2.2. Segmental Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Regulatory Framework
3.4.1. Standard & Compliances
3.4.2. Safety
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Business Environment Analysis Optical Film Market
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political Landscape
3.6.2.2. Environmental Landscape
3.6.2.3. Social Landscape
3.6.2.4. Technology Landscape
3.6.2.5. Economic Landscape
3.6.2.6. Legal Landscape
3.6.3. Major Deals & Strategic Alliances Analysis
3.6.3.1. Joint ventures
3.6.3.2. Mergers & acquisitions
3.6.3.3. Licensing & partnership
3.6.3.4. Technology collaborations
Chapter 4. Optical Film Market: Type Estimates & Trend Analysis
4.1. Type movement analysis & market share, 2022 & 2030
4.2. Polarizing Film
4.2.1. Optical film market estimates and forecasts, by polarizing film, 2019 - 2030 (Thousand Square Meter) (USD Million)
4.3. Backlight Film
4.3.1. Optical film market estimates and forecasts, by backlight film, 2019 - 2030 (Thousand Square Meter) (USD Million)
4.4. Others
4.4.1. Optical film market estimates and forecasts, by others, 2019 - 2030 (Thousand Square Meter) (USD Million)
Chapter 5. Optical Film Market: Application Estimates & Trend Analysis
5.1. Application movement analysis & market share, 2022 & 2030
5.2. Automotive Display
5.2.1. Optical film market estimates and forecasts, in automotive display, 2019 - 2030 (Thousand Square Meter) (USD Million)
5.3. Televisions
5.3.1. Optical film market estimates and forecasts, in televisions, 2019 - 2030 (Thousand Square Meter) (USD Million)
5.4. Desktop & Laptops
5.4.1. Optical film market estimates and forecasts, in desktop & laptops, 2019 - 2030 (Thousand Square Meter) (USD Million)
5.5. Smartphones
5.5.1. Optical film market estimates and forecasts, in smartphones, 2019 - 2030 (Thousand Square Meter) (USD Million)
5.6. Tablets
5.6.1. Optical film market estimates and forecasts, in tablets, 2019 - 2030 (Thousand Square Meter) (USD Million)
5.7. Signage & Advertising Display Boards
5.7.1. Optical film market estimates and forecasts, in signage & advertising display boards, 2019 - 2030 (Thousand Square Meter) (USD Million)
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