Optical Film Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2026 | Top Key Players LG Chem, Ltd., Hyosung Chemical, 3M, Kolon Industries,etc

The ‘Global Optical Film Market Report,’ published by Reports and Data, offers a panoramic vision of the global Optical Film market. The report presents accurate details on market size and revenue growth rate over the forecast period. It expounds on the current industry scenario and offers a detailed assessment of the latest and emerging market trends. The report contains key industry statistics presented in a tabular format to give readers an exclusive picture of the global Optical Film market.

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The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Optical Film industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting market growth include drivers, restraints, opportunities, supply & demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Optical Film market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Optical Film market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth. According to the report, the global Optical Film market is projected to reach a whopping market size of USD 36.25 Billion in 2026 from 20.78 Billion in 2018, registering a robust 7.1% CAGR.

The Asia Pacific region dominates the market for Optical Films with a market share of 33.5% in the year 2018. China is the major contributor to the market. High demand for LCD televisions, smartphones, laptops, and tablet PCs are propelling the growth of the market.

Key participants LG Chem, Ltd., Hyosung Chemical, 3M, Kolon Industries, Inc., Nitto Denko Corporation, Toray Industries Inc., Mitsubishi Chemical Corporation, SKC Inc., Samsung SDI, and Dexerials Corporation, among others.

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For the purpose of this report, Reports and Data have segmented into the global Optical Film market on the basis of film type, function, application, and region:

Film Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

Polarizing Film

Backlight Unit Film (Blu)

ITO Film

Function Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

Display Surface Films

Brightness enhancement films (BEF)

Reflective polarizer films (DBEF)

Backlight reflector films (ESR)

Light control/privacy films (ACLF)

Application Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

Televisions

Desktop Monitors & Laptops

Smartphones and Tablets

Signage/Large Format Display

Automotive Display

Others

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Further key findings from the report suggest

The polarizing film held the largest market share of 43.4% in the year 2018. Polarizing film helps convert non-polarized light into linearly polarized light. Letter and graphics recognitions without the polarizers would be impossible. A polarizing film is one of the significant elements of LED technology that enables the display of images on LCD and OLED screens.

Brightness Enhancement Film (BEF) is forecasted to grow with a CAGR of 7.0% during the forecast period. BEF is a prismatic film that manages the angular output the light from the backlight. BEF films can be used as a single sheet or as two sheets crossed at a right angle.

Application of television is forecasted to grow with the highest CAGR of 9.6% during the forecast period. Optical films enhance the energy efficiency of television without sacrificing display performance.

The Vikuiti DBEF D3 300 by the company 3M claims to improves the brightness of electronic devices by recycling polarized light and eradicate the need for a diffuser sheet, which in turns reduces the overall bill of materials.

North America is forecasted to hold a market share of 28.1% in the year 2026. The region has a huge market for electronics and being a developed country; electronics has huge penetration in the maximum number of household. Moreover, an increase in the trend for gaming has increased the demand for electronic gadgets.

Zeon Corporation expanded its manufacturing capacity of optical films in October 2018 in the Asia Pacific region. The company has set up a plant in Japan owing to the increasing demand from the country.

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