- Polarizing Film
- Backlight Film
- Indium Tin Oxide Film
- Others
Optical Film Market was valued at USD 27,100 million in 2023 and is projected to reach USD 45,100 million by 2030 at a CAGR of 7.5%. Increased demand for smartphones, tablets, and other electronic devices is expected to drive market growth over the forecast period. Rapid urbanization, which results in changes in consumer lifestyles, is likely to drive demand for electronic gadgets, leading to increased product use. Technical improvements in the realm of portable and smart consumer gadgets, such as smart TVs and smartphones, are likely to drive product demand during the projection period.
Moreover, Optical films are in high demand due to rising demand for properties such as improved readability, increased brightness, excellent contrast, color uniformity, and glare reduction in applications such as automotive displays, desktops and laptops, televisions, smartphones and tablets, and signage and advertising display boards. Furthermore, demand for multipurpose gadgets and an expanding number of enterprises are projected to drive the sector in the next years.
Optical Film Market Key Developments:
- On July 19, 2023, G&H, a producer of precision optics and photonics solutions, announced the purchase of Artemis Optical, a thin-film coating manufacturer situated in Plymouth, UK and the transaction, worth £8.9 million ($11.5 million), "enhances its product portfolio and creates new opportunities for vertical integration and cross-selling of enhanced combined capabilities."
- On Apr 10, 2024, Inrad Optics, a US-based optical component and assembly maker, is ready for a private equity buyout after its top management team and key financiers reached an agreement with crystal manufacturer Luxium Solutions. Luxium, formerly Saint-Gobain's crystals subsidiary, will acquire Inrad for $19 million in cash in a partnership with SK Capital Partners and Edgewater Capital Partners.
Optical Film Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.5%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Optical Film Market Dynamics
The primary driver fuelling the considerable increase of the global optical film market is the growing need for big format displays, which in turn requires ongoing technological advancements. The growing use of OLED (organic light-emitting diode) technologies in displays has led to a rise in demand for Optical films over the forecast period.
The global optical film market is expected to be driven by the development of large format displays in the fields of advertising, healthcare, and education, among others. Additionally, driven by sales during the holidays on a variety of goods, the growth of online shopping for electric goods is one of the drivers propelling the global optical film sector. For instance, Samsung, a South Korean electronics creator, said that it has launched multiple smart TVs with varying prices and promotions on Flipkart and Amazon. Additionally, it is projected that market expansion would be fuelled by the actions of industry players of this nature. However, high investment costs for optical film will restrain market expansion. Owing to its high-end technology, the optical film industry has significant startup expenses. Furthermore, the cost of the raw materials used to make optical films is high. High pricing could therefore be adverse to the market's growth in the upcoming years. Moreover, the huge demand for flexible and foldable screens in the industry will lead to substantial investment opportunities. The worldwide optical film market is expanding quickly due to the rising use of optical films in tablets, smartphones, and other electronic devices. These films are thin, light, flexible, and long-lasting. These causes have led to an increase in the demand for optical films. Additionally, optical films are mostly used in electronic devices due to the growing need for glasses with optical coatings, which is positively influencing the market growth.
Asia-Pacific Got Significant Share Of
Optical Film Market Regional Analysis
The Asia-Pacific region is predicted to have the highest market for optical film throughout the forecast period. Because of increased growth capability and enormous manufacturing facilities for electronic items. The presence of several end users, such as Samsung Electronics, Sony Corp., Panasonic Corp., LG Electronics, and others, in the area contributes to this high share. Over the last few years, leading multinational corporations have made significant investments in Asia Pacific's manufacturing sector. Companies from Northeast Asian countries, including China, India, and Japan, largely aim to support economic growth in those countries' critical industrial, services, and raw material extraction sectors. As a result, the region's product demand is fueled by the growing consumer electronics industry. The Indian government has implemented various national reform efforts, including Digital India, make in India, and 100% FDI in electronic gear manufacture, which has driven the growth of the electronic manufacturing sector. Throughout the projected period, Indonesia, China, India, South Korea, and Taiwan are expected to drive regional market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
Optical Film Market Segmentation
By Film Type
By Application
- Automotive Displays
- Tablets
- Smartphones
- Televisions
- Desktop & Laptops
- Others
By Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Optical Film Market was valued at USD 27,100 million in 2023 and is projected to reach USD 45,100 million by 2030, growing at a CAGR of 7.5%.
The increasing demand for large-format displays needs the continuous implementation of technological innovations, which is the key reason driving the considerable rise of the global optical film market.
Technological advancements in material engineering, as well as rising demand for big format displays, which necessitates the ongoing deployment of technological advances, are bound to accelerate the worldwide optical films market growth in the next years.
Asia-Pacific is estimated to Fastest growing with the highest CAGR over the forecast period.
Key Features of the Reports
- The report provides granular level information about the Market size, regional Market share, historic Market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key Market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the Market.
- The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
| 1.Executive Summary |
| 2.Global Optical Film Market Introduction |
| 2.1.Global Optical Film Market - Taxonomy |
| 2.2.Global Optical Film Market - Definitions |
| 2.2.1. By Film Type |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3.Global Optical Film Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Optical Film Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Optical Film Market By Film Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Polarizing Film |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Backlight Film |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Indium Tin Oxide Film |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Optical Film Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Automotive Displays |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Tablets |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Smartphones |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Televisions |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Desktop & Laptops |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Optical Film Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Optical Film Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Film Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Polarizing Film |
| 8.1.2.Backlight Film |
| 8.1.3.Indium Tin Oxide Film |
| 8.1.4.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Automotive Displays |
| 8.2.2.Tablets |
| 8.2.3.Smartphones |
| 8.2.4.Televisions |
| 8.2.5.Desktop & Laptops |
| 8.2.6.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Optical Film Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Film Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polarizing Film |
| 9.1.2.Backlight Film |
| 9.1.3.Indium Tin Oxide Film |
| 9.1.4.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Automotive Displays |
| 9.2.2.Tablets |
| 9.2.3.Smartphones |
| 9.2.4.Televisions |
| 9.2.5.Desktop & Laptops |
| 9.2.6.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Optical Film Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Film Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polarizing Film |
| 10.1.2.Backlight Film |
| 10.1.3.Indium Tin Oxide Film |
| 10.1.4.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Automotive Displays |
| 10.2.2.Tablets |
| 10.2.3.Smartphones |
| 10.2.4.Televisions |
| 10.2.5.Desktop & Laptops |
| 10.2.6.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Optical Film Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Film Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polarizing Film |
| 11.1.2.Backlight Film |
| 11.1.3.Indium Tin Oxide Film |
| 11.1.4.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Automotive Displays |
| 11.2.2.Tablets |
| 11.2.3.Smartphones |
| 11.2.4.Televisions |
| 11.2.5.Desktop & Laptops |
| 11.2.6.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Optical Film Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Film Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polarizing Film |
| 12.1.2.Backlight Film |
| 12.1.3.Indium Tin Oxide Film |
| 12.1.4.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Automotive Displays |
| 12.2.2.Tablets |
| 12.2.3.Smartphones |
| 12.2.4.Televisions |
| 12.2.5.Desktop & Laptops |
| 12.2.6.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.LG Chem |
| 13.2.2.Hyosung Chemical |
| 13.2.3.Nitto Denko Corp |
| 13.2.4.Toray International, Inc. |
| 13.2.5.Mitsubishi Chemical Corporation |
| 13.2.6.Teijin Ltd. |
| 13.2.7.Sumitomo Chemical Co., LTD. |
| 13.2.8.Toyobo Co., Ltd. |
| 13.2.9.Zeon Corporation |
| 13.2.10.3M |
| 13.2.11.Pronat Industries Ltd. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- LG Chem
- Hyosung Chemical
- Nitto Denko Corp
- Toray International, Inc.
- Mitsubishi Chemical Corporation
- Teijin Ltd.
- Sumitomo Chemical Co., LTD.
- Toyobo Co., Ltd.
- Zeon Corporation
- 3M
- Pronat Industries Ltd.