Fior Markets launched a study titled “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 2019to 2026.”
The global optical films market is expected to grow from USD xx Billion in 2018 to USD xx Billion by 2026 at a CAGR of xx% during the forecast period from 2019-2026.Rising need for larger screen sized televisions and mobile phones and Growing trend of digitalization in developing market has led to growth of the market.
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The polarizer and sub films segment is dominating the market in 2018.
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
The Brightness Enhancement Films (BEF)segment is dominating the market in 2018.
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.
The smartphones segment is dominating the market in 2018.
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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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific is dominating the market with the highest share of 43.20% in 2018.Asia- Pacific is dominating the market. This is mainly attributed to the availability of a large number of local manufacturers in the region along with the availability of cost-effective raw material and comparatively low-cost labor in countries in the region
The major players of market 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, American Polarizers, Inc., Toray Industries, Inc., Toyobo Co. Ltd., China Lucky Film Group Corporation, Teijin Limited, Mitsubishi Polyester Film GmbH, SKC Inc., Kolon Industries, Inc., Dexerials Corporation, Suntechopt Corporation, JXTG Nippon Oil & Energy Corporation, and Hyosung Corporation.
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