PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516410
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516410
Optical Film Market - By Film Type (Polarizer Films, Backlight Unit Films, Ito Films), By Application (Televisions, Monitors and Laptops, Smartphones and Tablets, Large Format Displays) & Forecast, 2024 - 2032
Global Optical Film Market size will expand at over 7.7% CAGR from 2024 to 2032 driven by the increasing demand from the telecom sector. Multiple telecommunication companies are continually expanding their infrastructure, subsequently boosting the need for high-quality optical films used in displays and signal transmission. Rapid advancements in 5G and fiber optic technologies will also be creating further opportunities for the industry growth.
Companies are further investing in R&D activities to produce innovative films to meet the evolving requirements of telecom applications. For instance, in August 2023, Nokia announced that it will start manufacturing fiber broadband optical modules in the U.S. with Fabrinet in 2024. This move addresses the increasing demand from the telecom sector to ensure high-speed broadband connectivity by fulfilling BEAD program requirements for domestic production.
The optical film industry is segregated into film type, application, and region.
In terms of film type, the backlight unit films segment is expected to experience growth at a significant rate through 2032 due to increasing demand for high-quality displays in devices, such as smartphones, tablets, and televisions. Manufacturers are continuously innovating to improve film efficiency and reduce costs. Increasing advancements in display technologies like OLED and micro-LED are also driving the need for more advanced BLU (backlight unit) films. Strong focus on developing eco-friendly and high-performance films to meet evolving industry standards and consumer expectations will add to the segment growth.
By application, the optical film market from the monitors and laptops segment is projected to rise from 2024 to 2032, driven by increasing remote work and online learning trends. Manufacturers are continuously enhancing film quality to provide better screen clarity and reduce eye strain. Technological advancements and consumer demand for higher resolution and energy-efficient displays are rising. Companies are also focusing on developing thinner and more durable optical films to cater to next-generation monitors and laptops to ensure improved performance and user experience.
Regionally, the North America optical film industry size is anticipated to experience substantial growth between 2024 and 2032 due to the rising adoption of solar energy and the expansion of the automotive sector. Demand for optical films is steadily increasing as solar panel installations are surging and automotive manufacturers are integrating more advanced display technologies into vehicles. The ongoing developments and increasing consumer demand for efficient and high-performance optical solutions will also favor the regional product uptake.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
- 3.3.4.1 U.S.
- 3.3.4.2 European Union
- 3.3.4.3 UK
- 3.3.4.4 China
- 3.3.4.5 Southeast Asia
- 3.3.4.6 GCC
- 3.4 Regulations & market impact
- 3.5 Trade statistics
- 3.6 Unmet needs
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Film Type, 2018-2032 (USD Billion, Kilo Tons)
- 5.1 Key trends
- 5.2 Polarizer films
- 5.3 Backlight unit films
- 5.4 ITO films
- 5.5 Other films
Chapter 6 Market Size and Forecast, By Application, 2018-2032 (USD Billion, Kilo Tons)
- 6.1 Key trends
- 6.2 Televisions
- 6.3 Monitors and laptops
- 6.4 Smartphones and tablets
- 6.5 Large format displays
- 6.6 Other
Chapter 7 Market Size and Forecast, By Region, 2018-2032 (USD Billion, Kilo Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 3M
- 8.2 American Polarizers, Inc.
- 8.3 BenQ Materials Corp.
- 8.4 China Lucky Film Group Corporation
- 8.5 Hyosung Chemical
- 8.6 Kolon Industries, Inc.
- 8.7 LG Chem
- 8.8 Mitsubishi Chemical Corp.
- 8.9 Nitto Denko Corp.
- 8.10 Nitto Optical Co., Ltd.
- 8.11 Sumitomo Chemical Co., Ltd.
- 8.12 Teijin Ltd.
- 8.13 Toray International, Inc.
- 8.14 Toyobo Co., Ltd.
