Optical Film Market: Overview
Optical Film Market projected to attain US$ 34.7 billion by 2025, with a
significant CAGR of 7.8% during 2019-2025. Owing to the increasing demand for consumer
electronics coupled with changing consumer lifestyle, is anticipated to boost
the demand. The foremost drivers stimulating the optical film market are
raising demand for large LCD and OLED display panels from the televisions and
smartphones applications. Optical films with high moisture resistance, heat
resistance, and optical durability against the bending and curving of display
devices are being developed, particularly for the flexible display market.
Optical films are multilayer-coated films utilized in
numerous display applications like anti-glaring (AG), anti-reflection (AR),
light control & enhancement, display privacy, etc. The growing trend of
digitalization in developing the market, rising demand for larger screen sized
televisions, and mobile phones and increasing demand for smart electronic
wearable devices are the prominent factors propelling the growth of this
market. Growing consumer electronics market in the Asia Pacific, especially in
India and China is driving the global optical films market.
In May 2015, Samsung SDI
signed Memorandum of Understanding with China’s Wuxi City for building a new
polarizer plant to cater to the rising demand for big-screen TV from China in
the polarizing film market. The company has planned to set up a production line
so that its products can apply to the biggest market of eighth-generation LCD
In March 2017, Sumitomo
Chemical increased the production capacity of its film-based touchscreens
panels for flexible OLED displays. Due to increased demand for OLED displays,
the company has increased the production capacity of films-based touchscreens,
which, in turn, will drive the optical film market.
In October 2018, Zeon
Corporation expanded the production capacity of ZeonorFilm optical film. The
company plans to enlarge its manufacturing plant in Takaoka City, Japan. Owing
to the growing demand for optical films, the company expanded its production capabilities.
The operations are expected to begin from October 2019, which will help the
company to grow its optical film business as well increase its revenue.
Film Market: Film Type Analysis
On the basis of film type, the global optical film
market segmented into Polarizing Film, Backlight Unit Film, and ITO Film. Among
them, Polarizing film holds the largest market share over the forecast period
as it is extensively applicable in both LCD and OLED displays for numerous
applications. Polarizer protection films are generally smooth in finish and
also controls the light coming from the display. Polarizing films hold high
durability, which is capable of maintaining performance and quality of film for
an extended period. They often used in conjunction with prism and reflector
films. The polarizing film is perfect for a range of microscopy, display, and
Film Market: Application Insights
Based on the application, the optical film market is
bifurcated into Television, Desktop Monitors & Laptops, Smartphones &
Tablets, Signage/Large Format display, and Automotive Display. Television
application accounts for the lion’s share of the global optical film market
during the forecast period. Introduction of advanced optical films technology
involves the development of new materials and processing skills to highlight
optical properties of displays and optoelectronic devices like increasing
brightness, widening viewing angles, and lower reflection. Smartphones & Tablets
are projected to be the fastest-growing segment of the overall optical film
Film Market: Regional Analysis
Geographically, the optical film market is analyzed
across North America, Europe, Asia Pacific, Middle East & Africa, and Latin
America. The Asia Pacific is projected to remain the largest market by value
and volume and is also anticipated to witness the highest growth over the
forecast period. Owing to the economic expansion, rising per capita income, and
urbanization across the region, particularly in India and China, is leading the
demand for televisions, mobile phones, monitors, and other electronics.
Countries in APAC like South Korea, China, and Japan have the presence of the
largest optical film manufacturers, globally.
of the Study:
To analyze and forecast
market size of the global optical film market in terms of value and volume
To examine the careful
market segmentation and forecast the market size, in terms value, on the basis
of region by segmenting optical film market into five regions, namely, North
America, Europe, Asia Pacific, Middle East & Africa, Latin America and
their leading countries.
To outline, categorized and
forecast the global optical film market on the basis of film type, and
To examine competitive
developments like technological advancement, services, and regulative framework
within the global optical film Market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Optical film Market: Competitive Landscape
Companies such as LG Chem, Ltd., Hyosung Chemical,
Toray Industries Inc., Sumitomo Chemical Co., Ltd., 3M, Zeon Corporation, Kolon
Industries Inc., Sanritz Co., Ltd., Nitto Denko Corporation, and Samsung SDI
are the leading players of optical film market across the globe.
Market research and consulting firms
Optical film manufacturers
Research organizations and consulting
Organizations, associations and alliances
related to optical film market
of the Report
Backlight Unit Film
Desktop Monitors & Laptops
Smartphones & Tablets
Signage/Large Format display
addition, the report provides analysis of the optical film market with respect
to the following geographic segments and their high performing regions:
Rest of Europe
Rest of APAC
Rest of Latin America
Rest of MEA
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of
value and volume and market statistics with detailed classification
Which segment dominates the market or
region and one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key
player and their impact on other players.
Scope for the Client
Client satisfaction is our first and last priority. And
that’s why BlueWeave Consulting offers customization according to Company’s
specific needs. The following customization options are available for the report:
With five additional company detail
Additional country analysis.
Detailed segment analysis.