Optical Film Market Growth Opportunities, Development and Industry Revenue Forecasts to 2029

Posted on Aug 5 2022 7:04 AM

"Companies Covered in the Optical Film market Research Report are LG Chem, Sumitomo chemicals, Samsung SDI, Toray industries, Zeon Corporation, and Others "

According to Fortune Business Insights™, the global optical film market is expected to showcase substantial growth owing to the increasing demand for smartphones and laptops. Fortune Business Insights, observes that the growing adoption of electric vehicles is further expected to favor the growth of the market during the forecast period. A type of multi-layered film that is coated with thin layers of materials. It is primarily used for anti-reflection, light enhancement and UV protection across several industrial applications such as automotive, electronics, and others. In addition to this, the films are resistive to heat, and have greater durability against curving and bending.

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List of the Companies Profiled in the Global Market for Optical Film:

  • LG Chem.
  • Sumitomo chemicals
  • Samsung SDI
  • Toray industries
  • Zeon Corporation
  • Others

What does the Report Include?

The global market for optical film report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market strongholds between 2019 and 2026. 

DRIVING FACTORS

Increasing Adoption of Smartphones & Laptops to Augment Growth

Technological advancement and high disposable income are the major factors, along with the presence of tech-savvy generation that is driving the demand for smartphones and laptops across the globe. The increasing sales of the electronic gadgets are expected to boost the demand for sturdy optical film to protect the devices. In addition to this, the rising culture of work-from-home owing to the novel coronavirus has further propelled the demand for electronic products across the globe. According to a survey by Nicholas Bloom, researcher at Stanford Institute for Economic Policy Research (SIEPR), about 42% of the U.S. labor force is working full time from their home spaces.

The growing adoption of electric vehicles owing to encouraging government policies is further expected to bode well for the growth of the global optical film market during the forecast period.

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REGIONAL INSIGHTS

Asia-Pacific to Remain at the Forefront; Surging Sales of Electronics to Spur Demand

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global optical film market in the forthcoming years. This dominance is attributable to the rising sales of electronics in countries such as China and India owing to the presence of established manufacturers that drives the demand for advanced optical film during the forecast period.

On the other hand, Europe is expected to hold the second position in the market owing to the increasing demand for electronics across technologically advanced healthcare services in the region between 2019 and 2026.

COMPETITIVE LANDSCAPE

Nanotech’s LumaChrome Color-Shifting Film to aid in Product Expansion

The global optical film market is consolidated by the presence of several companies that are focusing on maintaining a stronghold by launching new optical film products and gaining a competitive edge over their rivals. For instance, in July 2020, Nanotech Security Corp, a leading nano-optic solutions provider, announced the launch of LumaChrome, a color-shifting film that can be customized with brand logos, names, and taglines. It is designed by adopting several color combinations and possesses multi application formats that can be converted into patches, labels, and stripes.

Key Players Assessment in this Research:

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in this market
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

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