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Opportunities For The Global Optical Film Market To Reach $21.8 Billion By 2023
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According to a new market report published by Lucintel, the future of the optical film market looks attractive with opportunities in the markets of televisions, monitors, notebooks, and mobile phones. The global optical film market is expected to reach an estimated $21.8 billion by 2023 and is forecast to grow at a CAGR of 5.7% from 2018 to 2023. The major growth driver for this market are increasing demand for larger screen sized televisions and mobile phones.
In this market, polarizer, backlight unit, and ITO film are used in the display to control light transmission and enhance image quality. Lucintel forecasts that polarizer film is expected to remain the largest segment and it is also expected to witness the highest growth in the forecast period supported by increasing demand for television, mobile, and notebook displays.
Within the optical film market, television is expected to remain the largest end use market due to the continuous growth in demand for larger display televisions and declining panel prices. The mobile phone segment is expected to witness the highest growth in the forecast period supported by increasing demand for the bezel-less organic light-emitting diode (OLED) display and larger screen smartphones.
Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period. Economic expansion, growth in per capita income, urbanization, and increase in living standards across the region, particularly in India and China, are leading the demand for televisions, mobile phones, monitors, and other electronics.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of ultra-thin polarizers and the development of blue light high transmission polarizers. Nitto Denko, Sumitomo, LG Chem, Fujifilm, and Mntech are among the major suppliers of optical film.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global optical film market by product, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Optical Film Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global optical film market by product, application, and region as follows:
By Product Type [Volume (M Sqm) and $M shipment analysis for 2012 – 2023]:
• Polarizers Film
• Backlight Units (BLU) Film
− Diffuser Film
− Reflector Film
− Normal Prism Film
− Micro Lens Film
− Reflective Polarizer Film
− Multi-Functional Prism Film
• Indium Tin Oxide (ITO) Film
By End Use Market [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
• Mobile Phones
By Region [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
• North America
• Asia Pacific
• The Rest of the World
This 203-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global optical film market by product (polarizer film, BLU film, and ITO film), end use (television, monitor, notebook, mobile phone, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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