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Global Optical Film Market Share, Size, Growth, Analysis, Trends: By Film Type: Polarizing Film, Backlight Unit Film, ITO Film; By Application: Television, Desktop Monitors and Laptops, Control Display Panel, Smartphones and Tablets, Signage/Large Format Display, Automotive Display, Others; Regional Analysis; Competitive Landscape; 2023-2028

Global Optical Film Market Outlook

The global optical film market size attained a value of nearly USD 24.19 billion in 2022. The market is further expected to grow at a CAGR of 7.50% during the forecast period of 2023-2028, likely to attain a value of about USD 37.34 billion by 2028.

 

Key Trends in the Market

Optical film is known as a multi-layered coated film that is employed for light enhancement, and anti-reflection, among other purposes. Further, such films are resistant to moisture, and heat and have high durability against bending and curving. Advertising panels, hoarding screens, and optical display applications all make use of optical films. It helps in allowing longer usage by the reduction of battery consumption of the device.

 

  • The growing technological advancements among portable and smart consumer devices, like smartphones and smart televisions, among others, are likely to fuel the optical film market demand across the globe over the coming years.
  • The growing government projects in various regions, such as adoption of electric vehicles for transportation and e-learning in educational institutes and schools, are expected to propel the market growth in the upcoming years.
  • The surging demand for smart electronic wearables among consumers, along with rapid urbanisation, is further expected to enhance the demand for optical films during the forecast period.

 

Optical Film Market Analysis

Based on film type, the market can be segmented into polarizing film, backlight unit film, and ITO film. On the basis of application, the market is categorised into television, desktop monitors and laptops, control display panel, smartphones and tablets, signage/large format display, and automotive display, among others. The regional markets for the optical film market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global optical film market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

 

  • Toray International, Inc.
  • Hyosung Chemical Corporation
  • Sumitomo Chemical Co., Ltd
  • 3M
  • Zeon Corporation
  • PRONAT Industries Ltd.
  • Nitto Denko Corporation
  • Others

 

Market Share by Application

The smartphones and tablets segment is expected to hold a significant share of the optical film market on account of the rising demand for consumer electronics, especially in the Asia Pacific region. Rapid urbanisation, increasing disposable income, and changing spending priorities are some of the key aspects expected to bolster segment growth in the market of optical films. The adoption of smartphones is increasing among consumers of all age groups, especially young people. 

 

Meanwhile, the television segment is expected to propel the market growth of optical film over the coming years on account of the surging demand for larger display sizes.

 

Market Share by Region

The Asia Pacific region is expected to witness growth owing to the strong presence of key market players like Toray International, Inc., Hyosung Chemical Corporation, and Sumitomo Chemical Co., Ltd, among others in the region. The increasing investment by various manufacturers from prominent multinational companies from emerging economies, like India, Japan, and China, is likely to fuel the market growth of the optical film. The growing applications in industrial, consumer electronics, optical electronics, and automotive industries are expected to enhance the market growth of the optical film. 

 

India is expected to witness robust growth due to the rising consumer electronics industry, along with increasing demand for mobile phones and larger-screen televisions in the country. Going further, the growing government implementation of different policies and strategies, like Digital India and Make in India, coupled with 100% FDI in electronic hardware manufacturing, is expected to boost the electronic manufacturing industry.

 

Competitive Landscape

Toray International, Inc. is a worldwide marketing and merchandise force that was established in 1986. It produces new value through materials, processing, and distribution. The company offers a wide range of services and items, ranging from raw materials to finished consumer goods, and it draws on the expertise and experience that have been developed over the years through its global trading operation and its offices both in Japan and abroad.

 

3M is a United States-based company that was founded in 1902. It is a distributor and manufacturer of industrial solutions and products. The company’s portfolio of products comprises advanced materials, home care, display materials and systems, home improvement, personal safety, stationery and office, closure and masking systems, and roofing granules, among others.

 

Sumitomo Chemical Co., Ltd. was established in 1913 and is one of the leading chemical companies. It provides a huge variety of chemical products in the disciplines of energy and functional materials, health and crop science products, petrochemicals, pharmaceuticals, and IT-related chemicals and materials. Its product portfolio comprises organic and inorganic industrial chemicals, polymer alloys, alumina products, optical materials, dyestuffs, thermoplastic elastomers, agricultural insecticides, petrochemical products, and polymer additives. 

 

Other market players include Hyosung Chemical Corporation, Zeon Corporation, PRONAT Industries Ltd., and Nitto Denko Corporation, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Film Type
  • Application
  • Region
Breakup by Film Type
  • Polarizing Film
  • Backlight Unit Film
  • ITO Film
Breakup by Application
  • Television
  • Desktop Monitors and Laptops
  • Control Display Panel
  • Smartphones and Tablets
  • Signage/Large Format Display
  • Automotive Display
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Toray International, Inc.
  • Hyosung Chemical Corporation
  • Sumitomo Chemical Co., Ltd
  • 3M
  • Zeon Corporation
  • PRONAT Industries Ltd.
  • Nitto Denko Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Optical Film Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Optical Film Historical Market (2018-2022) 
    8.3    Global Optical Film Market Forecast (2023-2028)
    8.4    Global Optical Film Market by Film Type
        8.4.1    Polarizing Film
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Backlight Unit Film
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    ITO Film
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Optical Film Market by Application
        8.5.1    Television
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Desktop Monitors and Laptops
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Control Display Panel
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Smartphones and Tablets
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Signage/Large Format Display
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Automotive Display
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
        8.5.7    Others
    8.6    Global Optical Film Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Optical Film Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Optical Film Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Optical Film Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Optical Film Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Optical Film Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Toray International, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Hyosung Chemical Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Sumitomo Chemical Co., Ltd
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    3M
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Zeon Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    PRONAT Industries Ltd.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Nitto Denko Corporation
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Optical Film Market: Key Industry Highlights, 2018 and 2028
2.    Global Optical Film Historical Market: Breakup by Film Type (USD Billion), 2018-2022
3.    Global Optical Film Market Forecast: Breakup by Film Type (USD Billion), 2023-2028
4.    Global Optical Film Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Optical Film Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Optical Film Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Optical Film Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Optical Film Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Optical Film Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Optical Film Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Optical Film Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Optical Film Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Optical Film Market Structure

Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 7.50% during the forecast period of 2023-2028.

The global market of optical film attained a value of nearly USD 24.19 billion in 2022.

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach almost USD 37.34 billion by 2028.

The major market driver is the surging demand for larger LCD television units of varying sizes.

The key trends include rapid advancement in technologies and the growing demand for consumer electronics.

The various film types of optical film include polarizing film, backlight unit film, and ITO film.

The numerous applications of optical film include television, desktop monitors and laptops, control display panel, smartphones and tablets, signage/large format displays, and automotive displays, among others.

The major players in the market are Toray International, Inc., Hyosung Chemical Corporation, Sumitomo Chemical Co., Ltd, 3M, Zeon Corporation, PRONAT Industries Ltd., and Nitto Denko Corporation, among others.

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