Optical Film Market By Type (Polarizer Film, Backlight Unit, Indium Tin Oxide), By Application (Television (TV), Tablets and Smartphones, Desktop Monitors and Laptops, Control Display Panel, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global optical films market was valued at $20,647.30 million in 2021 and is projected to reach $40,600.60 million by 2030, growing at a CAGR of 8.00% from 2022 to 2030.
Optical films are display films used to enhance the display optics, color filters, brightness, and improve color contrast and overall image quality. Also, optical films are used for anti-reflection (AR), anti-glaring (AG), and display privacy, with their major application being in manufacturing of FCDs (flat control displays) in laptops, desktop monitors, TVs, smartphones, industrial display control panels, automotive display control panels, and advertising display boards. The global optical films market is exponentially growing owing to the demand for liquid crystal displays in electronics market.
The demand for optical films in the television industry is continuously increasing, owing to increasing demand for smart TVs along with rising usage of LED displays for digital signage applications and video wall; all such factors are predicted to drive the optical films market. Moreover, surging demand for foldable and flexible displays in smartphones and tablets are projected to propel the global market.
However, high cost of raw material is one of the factors that will restrict the optical films market growth. Also, optical films are very sensitive and therefore high temperatures can increase the chances of film haze.
Key Market Segments
By Type
Polarizer Film
Backlight Unit
Indium Tin Oxide
by APPLICATION
Television (TV)
Tablets and Smartphones
Desktop Monitors and Laptops
Control Display Panel
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
United Arab Emirates
South Africa
Rest of Latin America
Brazil
Saudi Arabia
Key Market Players
TORAY INDUSTRIES INC.
LG CHEM LTD.
HYOSUNG CHEMICAL
SUMITOMO CHEMICAL CO., LTD.
ZEON CORPORATION
PRONAT INDUSTRIES LTD.
3M
UFO DISPLAY SOLUTIONS
POLYMER PLUS, LLC
MITSUBISHI POLYESTER
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