Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Optical Film Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Optical Film Market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of international Optical Film Market is offered.
Market
Insights:
In accordance with the report, the Optical Film Market is
projected to expand at a CAGR of X.X% over the period
of forecast. The global Optical Film
Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn
in 2031, growing with a significant CAGR rate during the forecast period. The
high use of optical film in the television application is due to the high
acceptance of optical film in LED and LCD displays. The increase in the screen
size of LCD and OLED television displays is driving this growth. Due to an
increase in demand for larger television units among end users, a number of
consumer electronics industry leaders create LCD televisions in a variety of
sizes and configurations, which is boosting the expansion of the optical film
market. Television application is anticipated to dominate the global optical
film market over the forecast period. The market for optical films is
inextricably linked to the market for consumer electronics. Increased use of
the Internet of Things (IoT) by businesses, government agencies, academic
institutions, and workplaces is impacting demand for display devices, which is
increasing demand for optical films. The optical films industry is also being
driven by rising consumer demand for smart electronic gadgets. The favourable
correlation between the two markets forecasts the optical films market's future
trends and dynamics. The optical films market is being driven by the rising
trend of digitization in emerging markets. The growing demand for large-screen
televisions and smartphones, as well as the adoption of smart wearable devices
such as smart watches and fitness bands, as well as the trend of digitalization
and product development, are driving the worldwide optical films market forward.
The increase in the screen size of LCD and OLED
television displays is driving this growth. Due to an increase in demand for
larger television units among end users, a number of consumer electronics
industry leaders create LCD televisions in a variety of sizes and
configurations, which is boosting the expansion of the optical film market. North
America will lead the optical film market in terms of growth, while
Asia-Pacific will have the largest market share. Due to rising per capita
income, expanding economic expansion, urbanisation in the region, and low-cost
labour, Asia-Pacific has the largest market share. Asia Pacific is expected to
remain the largest market by value and volume and is also expected to witness
the highest growth over the forecast period. Economic expansion, growth in per
capita income, urbanization, and increase in living standards across the
region, particularly in India and China, are leading the demand for
televisions, mobile phones, monitors, and other electronics. North America's
rise is primarily attributable to technology advancements and consumers'
preference for modern technologies.
Owing to its population size, and sophisticated demand, Western Europe
contributes the most. The market for optical films is being driven by the
growing elderly population and economic pressures in healthcare, which has led
to innovation in the electronics sector. Major companies have adopted various
strategies, including mergers, acquisitions, and partnerships to hold ongoing
trails and come up with new developments in the market.
· 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. In October 2018, Zeon Corporation extended the production capacity
of its optical film production line. Additionally, the company plans to expand
its manufacturing plant in Japan. Owing to the increasing demand for optical
films, the company expanded its production capabilities.
· 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, is expected to drive the optical
film market.
Research
Methodology:
To compile
the detailed study of the global Optical Film market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Optical Film Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Optical Film
Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Optical Film market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Optical Film Market report has been
segmented by vehicle type, by material type, by sales channel also includes the
market size and forecast for all these segments. Compounded annual growth rates
for all segments have also been provided for 2019 to 2031. This report is a
compilation of first-hand information, qualitative and quantitative assessment
by industry analysts, inputs from industry experts and industry participants
across the value chain.
Key Segments:
Optical Film Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Optical Film
Market, By Product Type, 2022-2031 Value (USD Million) & Volume (Kilotons)
·
Polarizers
Film
·
Backlight
Units (BLU) Film
o
Diffuser Film
o
Reflector
Film
o
Normal Prism
Film
o
Micro Lens
Film
o
Reflective
Polarizer Film
o
Multi-Functional
Prism Film
·
Indium Tin
Oxide (ITO) Film
Optical Film
Market, By Function Type, 2022-2031 (USD Million) & Volume (Kilotons)
·
Display
Surface Films
·
Brightness
Enhancement Films (BEF)
·
Reflective
Polarizer Films (DBEF)
·
Backlight
Reflector Films (ESR)
·
Light
Control/Privacy Films (ACLF)
Optical Film
Market, By Application, 2022-2031 (USD Million) & Volume (Kilotons)
·
Television
·
Laptops &
Computer
·
Smartphones
and Tablets
·
Billboards
·
Smart
Electronic Wearable
·
Control Panel
Displays
·
Signage &
Advertising Display Boards
Report
Highlights:
The prime objective of the Optical Film market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Optical Film Market,
By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Optical Film
market:
·
3M
·
BenQ
Materials Corporation
·
Dexerials
Corporation
·
Fujifilm
·
Hyosung
Chemical
·
Kolon
Industries Inc.
·
LG Chem
·
MNTech
·
Nitto Denko
Corporation
·
Polatechno
Co. Ltd
·
Samsung SDI
·
Sanritz Co.,
Ltd.
·
SKC
·
Sumitomo
Chemical Co. Ltd
·
Suntechopt
Corporation
·
Toray
Industries Inc
·
Zeon
Corporation
·
Others
Optical
Film Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.