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Global Optical Film Market Share, Size, Growth, Analysis: 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; 2024-2032
Global Optical Film Market Outlook
The global optical film market size attained a value of nearly USD 26.00 billion in 2023. The market is further expected to grow at a CAGR of 7.5% during the forecast period of 2024-2032, likely to attain a value of about USD 49.87 billion by 2032.
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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
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Film Type |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*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 (2018-2023)
8.3 Global Optical Film Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Backlight Unit Film
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 ITO Film
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Optical Film Market by Application
8.5.1 Television
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Desktop Monitors and Laptops
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Control Display Panel
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Smartphones and Tablets
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Signage/Large Format Display
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Automotive Display
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2023)
8.5.6.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Optical Film Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Optical Film Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Optical Film Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Optical Film Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
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 2032
2. Global Optical Film Historical Market: Breakup by Film Type (USD Billion), 2018-2023
3. Global Optical Film Market Forecast: Breakup by Film Type (USD Billion), 2024-2032
4. Global Optical Film Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Optical Film Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Optical Film Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Optical Film Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Optical Film Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Optical Film Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Optical Film Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Optical Film Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Optical Film Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Optical Film Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Optical Film Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 7.5% during the forecast period of 2024-2032.
The global market of optical film attained a value of nearly USD 26.00 billion in 2023.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 49.87 billion by 2032.
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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