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Optical Film Market By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 223 Pages
  • June 2022
  • Region: Global
  • Allied Market Research
  • ID: 5670826
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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Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: OPTICAL FILM MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Polarizer Film
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Backlight Unit
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Indium Tin Oxide
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: OPTICAL FILM MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Television (TV)
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Tablets and Smartphones
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Desktop Monitors and Laptops
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Control Display Panel
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: OPTICAL FILM MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 United Kingdom
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 United Arab Emirates
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 South Africa
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by Application
6.5.4.5 Rest of Latin America
6.5.4.5.1 Market size and forecast, by Type
6.5.4.5.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 TORAY INDUSTRIES INC.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 LG CHEM LTD.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 HYOSUNG CHEMICAL
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 SUMITOMO CHEMICAL CO., LTD.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 ZEON CORPORATION
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 PRONAT INDUSTRIES LTD.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 3M
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 UFO DISPLAY SOLUTIONS
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 POLYMER PLUS, LLC
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 MITSUBISHI POLYESTER
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
List of Tables
Table 1. Global Optical Film Market, by Type, 2021-2030 ($Million)
Table 2. Optical Film Market Size, for Polarizer Film, by Region, 2021-2030 ($Million)
Table 3. Optical Film Market for Polarizer Film, by Country, 2021-2030 ($Million)
Table 4. Optical Film Market Size, for Backlight Unit, by Region, 2021-2030 ($Million)
Table 5. Optical Film Market for Backlight Unit, by Country, 2021-2030 ($Million)
Table 6. Optical Film Market Size, for Indium Tin Oxide, by Region, 2021-2030 ($Million)
Table 7. Optical Film Market for Indium Tin Oxide, by Country, 2021-2030 ($Million)
Table 8. Global Optical Film Market, by Application, 2021-2030 ($Million)
Table 9. Optical Film Market Size, for Television (Tv), by Region, 2021-2030 ($Million)
Table 10. Optical Film Market for Television (Tv), by Country, 2021-2030 ($Million)
Table 11. Optical Film Market Size, for Tablets and Smartphones, by Region, 2021-2030 ($Million)
Table 12. Optical Film Market for Tablets and Smartphones, by Country, 2021-2030 ($Million)
Table 13. Optical Film Market Size, for Desktop Monitors and Laptops, by Region, 2021-2030 ($Million)
Table 14. Optical Film Market for Desktop Monitors and Laptops, by Country, 2021-2030 ($Million)
Table 15. Optical Film Market Size, for Control Display Panel, by Region, 2021-2030 ($Million)
Table 16. Optical Film Market for Control Display Panel, by Country, 2021-2030 ($Million)
Table 17. Optical Film Market Size, for Others, by Region, 2021-2030 ($Million)
Table 18. Optical Film Market for Others, by Country, 2021-2030 ($Million)
Table 19. Optical Film Market, by Region, 2021-2030 ($Million)
Table 20. North America Optical Film Market, by Type, 2021-2030 ($Million)
Table 21. North America Optical Film Market, by Application, 2021-2030 ($Million)
Table 22. North America Optical Film Market, by Country, 2021-2030 ($Million)
Table 23. U.S. Optical Film Market, by Type, 2021-2030 ($Million)
Table 24. U.S. Optical Film Market, by Application, 2021-2030 ($Million)
Table 25. Canada Optical Film Market, by Type, 2021-2030 ($Million)
Table 26. Canada Optical Film Market, by Application, 2021-2030 ($Million)
Table 27. Mexico Optical Film Market, by Type, 2021-2030 ($Million)
Table 28. Mexico Optical Film Market, by Application, 2021-2030 ($Million)
Table 29. Europe Optical Film Market, by Type, 2021-2030 ($Million)
Table 30. Europe Optical Film Market, by Application, 2021-2030 ($Million)
Table 31. Europe Optical Film Market, by Country, 2021-2030 ($Million)
Table 32. Germany Optical Film Market, by Type, 2021-2030 ($Million)
Table 33. Germany Optical Film Market, by Application, 2021-2030 ($Million)
Table 34. United Kingdom Optical Film Market, by Type, 2021-2030 ($Million)
Table 35. United Kingdom Optical Film Market, by Application, 2021-2030 ($Million)
Table 36. France Optical Film Market, by Type, 2021-2030 ($Million)
Table 37. France Optical Film Market, by Application, 2021-2030 ($Million)
Table 38. Italy Optical Film Market, by Type, 2021-2030 ($Million)
Table 39. Italy Optical Film Market, by Application, 2021-2030 ($Million)
Table 40. Spain Optical Film Market, by Type, 2021-2030 ($Million)
Table 41. Spain Optical Film Market, by Application, 2021-2030 ($Million)
Table 42. Rest of Europe Optical Film Market, by Type, 2021-2030 ($Million)
Table 43. Rest of Europe Optical Film Market, by Application, 2021-2030 ($Million)
Table 44. Asia-Pacific Optical Film Market, by Type, 2021-2030 ($Million)
Table 45. Asia-Pacific Optical Film Market, by Application, 2021-2030 ($Million)
Table 46. Asia-Pacific Optical Film Market, by Country, 2021-2030 ($Million)
Table 47. China Optical Film Market, by Type, 2021-2030 ($Million)
Table 48. China Optical Film Market, by Application, 2021-2030 ($Million)
Table 49. Japan Optical Film Market, by Type, 2021-2030 ($Million)
Table 50. Japan Optical Film Market, by Application, 2021-2030 ($Million)
Table 51. India Optical Film Market, by Type, 2021-2030 ($Million)
Table 52. India Optical Film Market, by Application, 2021-2030 ($Million)
Table 53. South Korea Optical Film Market, by Type, 2021-2030 ($Million)
Table 54. South Korea Optical Film Market, by Application, 2021-2030 ($Million)
Table 55. Australia Optical Film Market, by Type, 2021-2030 ($Million)
Table 56. Australia Optical Film Market, by Application, 2021-2030 ($Million)
Table 57. Rest of Asia-Pacific Optical Film Market, by Type, 2021-2030 ($Million)
Table 58. Rest of Asia-Pacific Optical Film Market, by Application, 2021-2030 ($Million)
Table 59. LAMEA Optical Film Market, by Type, 2021-2030 ($Million)
Table 60. LAMEA Optical Film Market, by Application, 2021-2030 ($Million)
Table 61. LAMEA Optical Film Market, by Country, 2021-2030 ($Million)
Table 62. Brazil Optical Film Market, by Type, 2021-2030 ($Million)
Table 63. Brazil Optical Film Market, by Application, 2021-2030 ($Million)
Table 64. Saudi Arabia Optical Film Market, by Type, 2021-2030 ($Million)
Table 65. Saudi Arabia Optical Film Market, by Application, 2021-2030 ($Million)
Table 66. United Arab Emirates Optical Film Market, by Type, 2021-2030 ($Million)
Table 67. United Arab Emirates Optical Film Market, by Application, 2021-2030 ($Million)
Table 68. South Africa Optical Film Market, by Type, 2021-2030 ($Million)
Table 69. South Africa Optical Film Market, by Application, 2021-2030 ($Million)
Table 70. Rest of Latin America Optical Film Market, by Type, 2021-2030 ($Million)
Table 71. Rest of Latin America Optical Film Market, by Application, 2021-2030 ($Million)
Table 72. Toray Industries Inc.: Company Snapshot
Table 73. Toray Industries Inc.: Operating Segments
Table 74. Toray Industries Inc.: Product Portfolio
Table 75. Toray Industries Inc.: Net Sales
Table 76. Toray Industries Inc.: Key Stratergies
Table 77. Lg Chem Ltd.: Company Snapshot
Table 78. Lg Chem Ltd.: Operating Segments
Table 79. Lg Chem Ltd.: Product Portfolio
Table 80. Lg Chem Ltd.: Net Sales
Table 81. Lg Chem Ltd.: Key Stratergies
Table 82. Hyosung Chemical: Company Snapshot
Table 83. Hyosung Chemical: Operating Segments
Table 84. Hyosung Chemical: Product Portfolio
Table 85. Hyosung Chemical: Net Sales
Table 86. Hyosung Chemical: Key Stratergies
Table 87. Sumitomo Chemical Co., Ltd.: Company Snapshot
Table 88. Sumitomo Chemical Co., Ltd.: Operating Segments
Table 89. Sumitomo Chemical Co., Ltd.: Product Portfolio
Table 90. Sumitomo Chemical Co., Ltd.: Net Sales
Table 91. Sumitomo Chemical Co., Ltd.: Key Stratergies
Table 92. Zeon Corporation: Company Snapshot
Table 93. Zeon Corporation: Operating Segments
Table 94. Zeon Corporation: Product Portfolio
Table 95. Zeon Corporation: Net Sales
Table 96. Zeon Corporation: Key Stratergies
Table 97. Pronat Industries Ltd.: Company Snapshot
Table 98. Pronat Industries Ltd.: Operating Segments
Table 99. Pronat Industries Ltd.: Product Portfolio
Table 100. Pronat Industries Ltd.: Net Sales
Table 101. Pronat Industries Ltd.: Key Stratergies
Table 102.3M: Company Snapshot
Table 103.3M: Operating Segments
Table 104.3M: Product Portfolio
Table 105.3M: Net Sales
Table 106.3M: Key Stratergies
Table 107. Ufo Display Solutions: Company Snapshot
Table 108. Ufo Display Solutions: Operating Segments
Table 109. Ufo Display Solutions: Product Portfolio
Table 110. Ufo Display Solutions: Net Sales
Table 111. Ufo Display Solutions: Key Stratergies
Table 112. Polymer Plus, LLC: Company Snapshot
Table 113. Polymer Plus, LLC: Operating Segments
Table 114. Polymer Plus, LLC: Product Portfolio
Table 115. Polymer Plus, LLC: Net Sales
Table 116. Polymer Plus, LLC: Key Stratergies
Table 117. Mitsubishi Polyester: Company Snapshot
Table 118. Mitsubishi Polyester: Operating Segments
Table 119. Mitsubishi Polyester: Product Portfolio
Table 120. Mitsubishi Polyester: Net Sales
Table 121. Mitsubishi Polyester: Key Stratergies
List of Figures
Figure 1. Optical Film Market Segmentation
Figure 2. Optical Film Market,2021-2030
Figure 3. Optical Film Market,2021-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Optical Film Market:Drivers, Restraints and Opportunities
Figure 12. Optical Film Market,By Type,2021(%)
Figure 13. Comparative Share Analysis of Polarizer Film Optical Film Market,2021-2030(%)
Figure 14. Comparative Share Analysis of Backlight Unit Optical Film Market,2021-2030(%)
Figure 15. Comparative Share Analysis of Indium Tin Oxide Optical Film Market,2021-2030(%)
Figure 16. Optical Film Market,By Application,2021(%)
Figure 17. Comparative Share Analysis of Television (Tv) Optical Film Market,2021-2030(%)
Figure 18. Comparative Share Analysis of Tablets and Smartphones Optical Film Market,2021-2030(%)
Figure 19. Comparative Share Analysis of Desktop Monitors and Laptops Optical Film Market,2021-2030(%)
Figure 20. Comparative Share Analysis of Control Display Panel Optical Film Market,2021-2030(%)
Figure 21. Comparative Share Analysis of Others Optical Film Market,2021-2030(%)
Figure 22. Optical Film Market by Region,2021
Figure 23. U.S. Optical Film Market,2021-2030($Million)
Figure 24. Canada Optical Film Market,2021-2030($Million)
Figure 25. Mexico Optical Film Market,2021-2030($Million)
Figure 26. Germany Optical Film Market,2021-2030($Million)
Figure 27. United Kingdom Optical Film Market,2021-2030($Million)
Figure 28. France Optical Film Market,2021-2030($Million)
Figure 29. Italy Optical Film Market,2021-2030($Million)
Figure 30. Spain Optical Film Market,2021-2030($Million)
Figure 31. Rest of Europe Optical Film Market,2021-2030($Million)
Figure 32. China Optical Film Market,2021-2030($Million)
Figure 33. Japan Optical Film Market,2021-2030($Million)
Figure 34. India Optical Film Market,2021-2030($Million)
Figure 35. South Korea Optical Film Market,2021-2030($Million)
Figure 36. Australia Optical Film Market,2021-2030($Million)
Figure 37. Rest of Asia-Pacific Optical Film Market,2021-2030($Million)
Figure 38. Brazil Optical Film Market,2021-2030($Million)
Figure 39. Saudi Arabia Optical Film Market,2021-2030($Million)
Figure 40. United Arab Emirates Optical Film Market,2021-2030($Million)
Figure 41. South Africa Optical Film Market,2021-2030($Million)
Figure 42. Rest of Latin America Optical Film Market,2021-2030($Million)
Figure 43. Top Winning Strategies, by Year
Figure 44. Top Winning Strategies, by Development
Figure 45. Top Winning Strategies, by Company
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap of Top 10 Key Players
Figure 49. Toray Industries Inc..: Net Sales ,($Million)
Figure 50. LG Chem Ltd..: Net Sales ,($Million)
Figure 51. Hyosung Chemical.: Net Sales ,($Million)
Figure 52. Sumitomo Chemical Co. Ltd..: Net Sales ,($Million)
Figure 53. Zeon Corporation.: Net Sales ,($Million)
Figure 54. Pronat Industries Ltd..: Net Sales ,($Million)
Figure 55.3M.: Net Sales ,($Million)
Figure 56. Ufo Display Solutions.: Net Sales ,($Million)
Figure 57. Polymer Plus, LLC.: Net Sales ,($Million)
Figure 58. Mitsubishi Polyester.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Optical Film Market," the optical film market was valued at $20.6 billion in 2021, and is estimated to reach $40.4 billion by 2030, growing at a CAGR of 7.6% from 2022 to 2030.

Optical film are used to intensify the transmission, polarization, and reflection of optical devices. The main application of optical film is in medical field, automotive sectors, household electric appliances, and others.

The optical film market is segmented on the basis of type and application. By type, the market is classified into polarizing film, ITO film, and backlight unit film. By application, it is classified into application, television, smartphones & tablets, desktop monitors & laptops, large format display, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include LG Chem, Ltd., Samsung SDI, 3M, Sumitomo Chemical Co., Ltd., Zeon Corporation, Kolon Industries Inc., Nitto Denko Corporation, Toray Industries Inc., Sanritz Co., Ltd., and Hyosung Chemical.

The report focuses on the global optical film market and the major products & applications, where optical film are deployed. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for optical film in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

IMPACT OF COVID-19 ON THE GLOBAL OPTICAL FILM MARKET

  • Sales of optical film have been observed to be directly proportional to the demand for laptops and smartphones throughout the pandemic as most of the people are working from home and engaged in virtual training. However, advanced chemicals sectors were highly impacted by lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in 2020 owing to less workforce and disrupted supply chain.
  • COVID-19 impacted almost all industries by hindering various industrial operations. Maximum companies halted their operations due to lack of labors. However, there is a sluggish decline in the global optical film market due to impact of COVID-19.
  • Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using optical film, thereby affecting the global optical film market.
  • According to the United Nations Industrial Development Organization (UNIDO), 30.0%-70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in revenue decline in optical film industry.

Key Findings of the Study

  • The report provides an in-depth analysis of the global optical film market size and optical film market share along with the current and future trends of the market.
  • On the basis of type, the polarizing film segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • On the basis of application, the television segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • On the basis of region, Asia-Pacific registered the highest market share and is projected to maintain the position during the forecast period.

Companies Mentioned

  • 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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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