A thin multilayered films, which are used in various display applications such as to improve light transmission, reduce reflection, for anti–glaring and many more are referred as optical films.
Optical films play an important role in manufacturing of flat control displays in laptops, smartphones, desktop monitors, TV’s, automotive display, and in other display types. Increasing use of displays in various end use applications is a major factor driving growth of the global optical films market. Also, increasing consumer electronic product penetration across the globe and continuous product development by leading manufacturers are other factors supporting growth of the global optical films market.
However, technological advancements and innovative product development may hamper growth of the global optical films market up to a certain extent. For example, LCD screens can be replaced by AMOLED (active matrix organic light-emitting diode) screens.
The global optical films market has been segmented on the basis of product type, function, application, and region.
On the basis of product type, the global optical films market has been segmented into polarizer and sub films, and backlight optical films. The polarizer and sub films segment is further divided into PVA film, PVA protected film, compensation film, surface treatment film, and PET protection film/release film. The backlight optical films segment is further divided into diffuser film, reflector film, and light guide plate.
On the basis of function, the target market is segmented into display surface films, brightness enhancement films (BEF), reflective polarizer films (DBEF), backlight reflector films (ESR), light control/privacy films (ACLF).
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On the basis of application, the global optical films market has been segmented into TV, Laptops, Tablets, Smartphones, Billboards, Smart Electronic Wearable, Control Panel Displays, Signage & Advertising Display Boards.
Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East & Africa. Asia Pacific contributes major market share and expected to maintain its dominance over the forecast period owing to high penetration rate of consumer electronic goods in the region and presence of high number of local players.
Some prominent players in the global optical films market includes, Nitto Optical Co., Ltd., Sumitomo Chemical Co. Ltd., LG Chemical Ltd., Samsung SDI (Formerly Cheil Industries), BenQ Materials Corp., Sanritz Co.,Ltd., Zeon Corporation, 3M Company, American Polarizers, Inc., Toray Industries, Inc., Toyobo Co. Ltd., China Lucky Film Group Corporation, Teijin Limited, Mitsubishi Polyester Film GmbH, SKC Inc., Kolon Industries, Inc., Dexerials Corporation, Suntechopt Corporation, JXTG Nippon Oil & Energy Corporation, and Hyosung Corporation.