Opportunity Analysis For The Global Optical Film Market 2018-2023

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.

Emerging trends, which have a direct impact on the dynamics of the optical film industry, include the development of ultra-thin polarizers and the development of blue light high transmission polarizers.

The study includes the optical film market size and forecast for the global optical film market through 2023, segmented by product, application, and region as follows:

Optical Film Market 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

Optical Film Market by End Use Market [Volume (Kilotons) and $M shipment analysis for 2012-2023

• Televisions

• Monitors

• Notebooks

• Mobile Phones

• Others

Optical Film Market by Region [Volume (Kilotons) and $M shipment analysis for 2012-2023]:

• North America

• US

• Canada

• Mexico

• Europe

• Germany

• Italy

• France

• Asia Pacific

• China

• Japan

• The Rest of the World

The report 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.