Optical Film Market Introduction
The prospective market size and demand for optical films have increased multiple folds in the past few decades. This is primarily attributed to the upsurge in the penetration of advanced consumer electronics such as smartphones and laptops equipped with advanced touchscreen display technologies such as OLED and LCD. Further, the expected increase in the manufacturing companies in the Asia Pacific region owing to the huge potential market in the region and favorable market conditions are projected to drive the market growth at a healthy rate. China, Taiwan, and South Korea have become the major production bases of final products, the prominent players operating in the Asia Pacific region are gaining ground in the optical film market for OLED and LCD component materials armed with cost competitiveness and superior production capacity.
Increase in demand for advanced display technology equipped consumers electronics such as smartphones and laptops, the introduction of quantum dot and Micro LED technology, and growing optical film manufacturing industry in the Asia Pacific regions is anticipated to accelerate the optical film growth at a significant rate. In addition, continuous advancements in display technology and increasing use cases of advanced display technology in various applications is anticipated to have a positive impact on the global optical film market growth. This, in turn, is projected to create opportunities for major companies operating in the optical film market. However, the high price of advanced materials is a major factor which is projected to hamper the market size expansion to a certain extent over the forecast period.
The global optical film market is segmented based on type, application, and region.
By type, the optical film market is analyzed across Polarizing Film, IOT Film, and Backlight Unit Film (Blu) segments. Based on application, the optical film market is segmented into smartphones & tablets, desktop monitors and laptops, digital signage, television, automotive display, and others. Based on region, the optical film market is analyzed across six major geographies such as Western Europe, North America, Eastern Europe, Latin America, the Middle East and Africa, and the Asia Pacific. Among regions, the optical film market in Asia Pacific region is projected to grow at the highest CAGR during the forecast period owing to increasing demand for LCD and OLED in major growing industries such as automotive, consumer electronics, optical equipment, and lighting.
Optical Film Market Competitive Landscape
Key companies in the optical film market are aimed at expanding their production capacity owing to meet the increasing demand for advanced flexible display technologies in various electronic products. Further, optical film manufacturers are focused on increasing their regional presence in order to expand their footprints in the regional market and outperform competitors. Key companies analyzed in the optical film industry are 3M, Benq Materials Corporation, Dexerials Corporation, Hyosung Chemical, Kolon Industries, Inc., LG Chem, Ltd., Mitsubishi Chemical Corporation, Nitto Denko Corporation, Polatechno Co., Ltd., Samsung SDI, Sanritz Co., Ltd., SKC Inc., Sumitomo Chemical Co., Ltd., Suntechopt Corporation, Toray Industries Inc., and Zeon Corporation among others.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on optical film market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.