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Global Optical Films Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2025
Global Optical Films Market 2019, Global Optical Films Market Growth, Global Optical Films Market Trends and Analysis,
Optical Films Market by Product Type (Polarizer & Sub Films, Backlight Optical Films), Function (Display Surface Films, Others), Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026.
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Leading companies in the industry include Nitto Optical Co., Ltd., Sumitomo Chemical Co. Ltd., LG Chemical Ltd., Samsung SDI (Formerly Cheil Industries), BenQ Materials Corp., SanritzCo.,Ltd., Zeon Corporation, 3M Company which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
The product type segment is classified as polarizer and sub films and backlight optical films. The polarizer and sub films segment is dominating the market in 2018. A polarizer is made up of layers of different types of sub-films. Among these sub-films, the demand for acryl film, polyethylene terephthalate (PET) film and cyclo-olefin-polymer (COP) film, as it protects against moisture and temperature extremes and is rapidly growing alongside the increasing size of LCD TVs and the expanding the business model of open-cell technology. Function segment is divided into segments such as Display Surface Films, Brightness Enhancement Films (BEF), Reflective Polarizer Films (DBEF), Backlight Reflector Films (ESR), and Light Control/Privacy Films (ACLF). The Brightness Enhancement Films (BEF) segment is dominating the market with the highest share in 2018. Brightness Enhancement Films (BEF) is defined as a transparent prism film that enables high brightness when placed in the backlight of a consumer electronic device. It is a family of optical films used in liquid crystal displays (LCDs) to increase on-axis brightness of the backlight and improve the appearance of the display. Application segment includes TV, laptops, tablets, smartphones, billboards, smart electronic wearable, control panel displays, and signage & advertising display boards. The smartphones segment is dominating the optical film's market in 2018 supported by increasing demand for the bezel-less organic light-emitting diode (OLED) display and larger screen smartphones.
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Rising need for larger screen sized televisions and mobile phones and high adoption of smart electronic wearable devices are some of the driving force. But replacement of LCD screens by active matrix organic light emitting diode (AMOLED) screens may hinder the growth of the market. However, rise in sale of smartphones in developing countries is expected to propel the market growth is expected to pose lucrative opportunities in the upcoming years.
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