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Optical Film Market Latest Trend, Size, Share, Growth Analysis, Top Companies, Regional Analysis, Application and Future Outlook by 2030
Optical Film Market
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Global Optical Films Market is driven by high demands of manufacturers for optical films in LCDs and LEDs. Optical films have various applications such as thin film transistors (TFTs), liquid crystal display (LCD) panels and organic light emitting diode (OLED) panels. Additionally, optical films are used in desktop monitors and laptops, smartphones and tablets, television and other large displays. These numerous applications present new opportunities in the years to come.
As per Allied Market Research, based on applications, television (TV) segment accounted for the largest share in 2021, contributing around one-third of the global optical films market, and is expected to maintain its leading position during the forecast period. This is due to technological advancements in TV resolution and the growing influence of digital media on smart TV advertising and marketing. However, the tablet and smartphone segment is expected to show the highest CAGR of 8.3% from 2022 to 2030, owing to the rapid growth in technology adoption in developing countries.
Based on type, the polarizer segment held the highest market share in 2021, accounting for almost half of the global optical films market, and is expected to maintain its leading status throughout the forecast period. Moreover, the same segment is expected to show the highest CAGR of 7.8% from 2022 to 2030. Polarizing films help in reducing glare and reflection from objects, and hence, they are widely used in a number applications around the world. This, in turn, drives the segment. Two other segments analyzed in the report are Backlight Unit and Indium Tin Oxide.
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Based on the region, Asia Pacific held the highest market share by 2021 revenue, accounting for nearly two-fifths of the global optical film market. Moreover, the same region is expected to witness the fastest CAGR of 8.1% from 2022 to 2030. This is attributed to the increase in demand for advanced optical films in various electrical appliances.. Other regions analyzed in the report are North America, Europeand LAMEA.
By Type
Polarizer Film
Backlight Unit
Indium Tin Oxide
By APPLICATION
Television (TV)
Tablets and Smartphones
Desktop Monitors and Laptops
Control Display Panel
Others
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Major Market Players:-
1. LG Chem, Ltd.
2. Samsung SDI
3. 3M
4. Sumitomo Chemical Co., Ltd.
5. Zeon Corporation
6. Kolon Industries Inc.
7. Nitto Denko Company
8. Toray Industries Inc.
9. Sanritz Co., Ltd.
10. Hyosung Chemical.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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