The Asia Pacific Optical Film Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
Optical thin films are more complicated than other forms of coatings since they are made up of numerous atomic layers. These layers are frequently a mix of metallic and dielectric layers, with varying thicknesses based on the coating's intended qualities. The difference in refractive index between the deposited layers, the air between the layers, and the surface of the optical component all affect how light reflects, refracts, and transmits into the optical component at the nanoscale.
LCD (liquid crystal display) panels, TFTs (thin film transistors), and OLED (organic light-emitting diode) panels are only a few of the applications for optical films. Optical films can also be found on desktop monitors and laptops, cellphones and tablets, televisions, and other large displays. Manufacturers' increased need for optical films in LCDs and LEDs is one of the primary factors driving the adoption of optical films.
Over the forecast period, the Asia-Pacific region is expected to have the largest market for optical film. The Asia-Pacific region is predicted to have the largest market share in the electronics sector due to increased expansion capacity and big manufacturing capacities of electronic items. China is the world's leading producer of electronic goods. The country's electronics manufacturing, which had been continuously rising over the years, has recently slowed as a result of the continuing trade war between China and the US, causing numerous electronics manufacturers to relocate their operations from China to other Asia-Pacific countries.
China has the world's biggest economy in terms of purchasing power parity. The electronics industry, which includes smartphones, tablets, computers, televisions, and other goods, is based in China. Xiaomi, Vivo, Huawei, Apple, Samsung, Oppo, and Lenovo are among the country's most popular smartphone brands. Due to the easy availability of raw materials and low labor costs compared to other countries, the country had an unparalleled share of the smartphone manufacturing industry in the preceding decade. This has led to the growth of the optical film market in the region.
The China market dominated the Asia Pacific Optical Film Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,375.9 million by 2028. The Japan market is anticipated to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 8.5% during (2022 - 2028).
Based on Application, the market is segmented into Television, Tablets & Smartphones, Desktop Monitors & Laptops, Control Display Panel, and Others. Based on Type, the market is segmented into Polarizer Film, Backlight Unit, and Indium Tin Oxide. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Optical Film Market is Projected to reach USD 32.2 Billion by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toray Industries, Inc., 3M Company, Nitto Denko Corporation, LG Chem Ltd. (LG Corporation), Sumitomo Chemical Co., Ltd., Samsung SDI Co., Ltd. (Samsung Electronics Group), Hyosung Chemical, Zeon Corporation, UFO Digital Solutions Pty Ltd., and PRONAT Industries Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Television
- Tablets & Smartphones
- Desktop Monitors & Laptops
- Control Display Panel
- Others
By Type
- Television
- Tablets & Smartphones
- Desktop Monitors & Laptops
- Control Display Panel
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Toray Industries, Inc.
- 3M Company
- Nitto Denko Corporation
- LG Chem Ltd. (LG Corporation)
- Sumitomo Chemical Co., Ltd.
- Samsung SDI Co., Ltd. (Samsung Electronics Group)
- Hyosung Chemical
- Zeon Corporation
- UFO Digital Solutions Pty Ltd.
- PRONAT Industries Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Optical Film Market, by Application
1.4.2 Asia Pacific Optical Film Market, by Type
1.4.3 Asia Pacific Optical Film Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Optical Film Market by Application
3.1 Asia Pacific Television Market by Country
3.2 Asia Pacific Tablets & Smartphones Market by Country
3.3 Asia Pacific Desktop Monitors & Laptops Market by Country
3.4 Asia Pacific Control Display Panel Market by Country
3.5 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Optical Film Market by Type
4.1 Asia Pacific Polarizer Film Market by Country
4.2 Asia Pacific Backlight Unit Market by Country
4.3 Asia Pacific Indium Tin Oxide Market by Country
Chapter 5. Asia Pacific Optical Film Market by Country
5.1 China Optical Film Market
5.1.1 China Optical Film Market by Application
5.1.2 China Optical Film Market by Type
5.2 Japan Optical Film Market
5.2.1 Japan Optical Film Market by Application
5.2.2 Japan Optical Film Market by Type
5.3 India Optical Film Market
5.3.1 India Optical Film Market by Application
5.3.2 India Optical Film Market by Type
5.4 South Korea Optical Film Market
5.4.1 South Korea Optical Film Market by Application
5.4.2 South Korea Optical Film Market by Type
5.5 Singapore Optical Film Market
5.5.1 Singapore Optical Film Market by Application
5.5.2 Singapore Optical Film Market by Type
5.6 Malaysia Optical Film Market
5.6.1 Malaysia Optical Film Market by Application
5.6.2 Malaysia Optical Film Market by Type
5.7 Rest of Asia Pacific Optical Film Market
5.7.1 Rest of Asia Pacific Optical Film Market by Application
5.7.2 Rest of Asia Pacific Optical Film Market by Type
Chapter 6. Company Profiles
6.1 Toray Industries, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.2 3M Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 SWOT Analysis
6.3 Nitto Denko Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental Analysis
6.3.4 Research & Development Expense
6.4 LG Chem Ltd. (LG Corporation)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Recent strategies and developments:
6.4.4.1 Product Launches and Product Expansions:
6.5 Sumitomo Chemical Co., Ltd.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental Analysis
6.5.4 Research & Development Expenses
6.6 Samsung SDI Co., Ltd. (Samsung Electronics Group)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.7 Hyosung Chemical
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Research & Development Expenses
6.8 Zeon Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.9 UFO Digital Solutions Pty Ltd.
6.9.1 Company Overview
6.10. PRONAT Industries Ltd.
6.10.1 Company Overview
TABLE 1 Asia Pacific Optical Film Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Optical Film Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Television Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Television Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Tablets & Smartphones Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Tablets & Smartphones Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Desktop Monitors & Laptops Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Desktop Monitors & Laptops Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Control Display Panel Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Control Display Panel Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Polarizer Film Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Polarizer Film Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Backlight Unit Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Backlight Unit Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Indium Tin Oxide Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Indium Tin Oxide Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Optical Film Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Optical Film Market by Country, 2022 - 2028, USD Million
TABLE 25 China Optical Film Market, 2018 - 2021, USD Million
TABLE 26 China Optical Film Market, 2022 - 2028, USD Million
TABLE 27 China Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 28 China Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 29 China Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 30 China Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 31 Japan Optical Film Market, 2018 - 2021, USD Million
TABLE 32 Japan Optical Film Market, 2022 - 2028, USD Million
TABLE 33 Japan Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 34 Japan Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 35 Japan Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 36 Japan Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 37 India Optical Film Market, 2018 - 2021, USD Million
TABLE 38 India Optical Film Market, 2022 - 2028, USD Million
TABLE 39 India Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 40 India Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 41 India Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 42 India Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 43 South Korea Optical Film Market, 2018 - 2021, USD Million
TABLE 44 South Korea Optical Film Market, 2022 - 2028, USD Million
TABLE 45 South Korea Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 46 South Korea Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 47 South Korea Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 48 South Korea Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 49 Singapore Optical Film Market, 2018 - 2021, USD Million
TABLE 50 Singapore Optical Film Market, 2022 - 2028, USD Million
TABLE 51 Singapore Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 52 Singapore Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 53 Singapore Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 54 Singapore Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 55 Malaysia Optical Film Market, 2018 - 2021, USD Million
TABLE 56 Malaysia Optical Film Market, 2022 - 2028, USD Million
TABLE 57 Malaysia Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 58 Malaysia Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 59 Malaysia Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 60 Malaysia Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific Optical Film Market, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific Optical Film Market, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of Asia Pacific Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of Asia Pacific Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 67 key Information – Toray Industries, Inc.
TABLE 68 Key Information – 3M Company
TABLE 69 Key Information – Nitto Denko Corporation
TABLE 70 key information – LG Chem Ltd.
TABLE 71 Key Information – Sumitomo Chemical Co., Ltd.
TABLE 72 key information – Samsung SDI Co., Ltd.
TABLE 73 Key Information – Hyosung Chemical
TABLE 74 Key Information – Zeon Corporation
TABLE 75 Key Information – UFO Digital Solutions Pty Ltd.
TABLE 76 Key Information – PRONAT Industries Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: 3M Company