The optical films market comprises polarizer, compensation film, reflection and substrate films that are used in different applications including LCD/ LED TV panels, LCD monitors, smartphones, notebooks, car navigation systems among others. These films improve brightness, color contrast and viewing angle while reducing reflection of displays. Rising adoption of consumer electronics along with increasing demand for thinner, flexible and curved display panels is driving the need for advanced optical films.

The Global Optical Films Market is estimated to be valued at US$22 Billion in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Optical Films are LG Chem, Sumitomo Chemical, Samsung SDI, 3M, Mitsubishi Polyester Film, Toray Industries, Kimoto Tech, Zeon Corporation.

Growing usage of smartphones, tablets and other electronics coupled with rise in disposable income of individuals has increased the demand for optical films significantly. Majority of Optical Films Market Demand consumption is attributed to the LCD/ LED TV and monitor segments.

With increasing globalization, major optical film manufacturers are expanding their footprint across regions. Rapid industrialization and rising electronics usage in Asia Pacific, Middle East and Latin America provide lucrative growth opportunities to optical film producers.

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