The Latin America, Middle East and Africa Optical Film Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
Optical films are also commonly used in smartphones to protect the display from scratches and improve the touchscreen's longevity. Since the outbreak of the pandemic, demand for smartphones has increased as individuals have begun to spend more time at home. The market is expected to grow at a faster rate in the coming years due to the increasing use of smartphones.
Optical films are used in TFTs (thin film transistors), LCD (liquid crystal display) panels, and OLED (organic light-emitting diode) panels, to name a few. Desktop monitors and laptops, cellphones and tablets, televisions, and other large displays all use optical films. One of the key causes pushing the usage of optical films is manufacturers' rising need for them in LCDs and LEDs. Many factors influence the international market growth, including major drivers, restraints, prospective opportunities, and the role of various important rivals. The wide variety of applications of optical film is expected to accelerate market growth in the upcoming years.
The UAE leads the Gulf Cooperation Council (GCC) with a record $3.9 billion in eCommerce sales in 2020, accounting for 10% of overall retail sales. This was mostly due to a digital transformation led by the Covid-19 lockdowns. E-commerce is expected to produce $8 billion in sales by 2025, according to the Dubai Chamber of Commerce and Industry, because the UAE market has nearly 100% internet and mobile phone connectivity.
The UAE is a competitive market for the Information Communication Technology (ICT) industry since it is a major hub for international trade and business in the MENA region. The Abu Dhabi Economic Vision 2030 and the UAE Vision 2021 government programs set out to construct a strong knowledge economy and build an accessible, efficient, effective, and internationally integrated business environment in order to reduce reliance on oil revenue and increase the private sector. The UAE government is taking a number of efforts to help the knowledge economy grow.
Despite a tremendous increase in data traffic, the mobile industry in the Middle East and North Africa (MENA) has largely succeeded in keeping the region's economic and social activities operating during the pandemic. Manufacturers are widely introducing various new and advanced smartphones and other smart devices at very affordable rates, which is driving the demand for transparent conductive films across this region.
The Brazil market dominated the LAMEA Optical Film Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $820.6 million by 2028. The Argentina market is poised to grow at a CAGR of 10.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Optical Film Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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.
TABLE 1 LAMEA Optical Film Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Optical Film Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Television Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Television Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Tablets & Smartphones Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Tablets & Smartphones Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Desktop Monitors & Laptops Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Desktop Monitors & Laptops Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Control Display Panel Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Control Display Panel Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 16 LAMEA Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 17 LAMEA Polarizer Film Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Polarizer Film Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Backlight Unit Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Backlight Unit Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Indium Tin Oxide Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Indium Tin Oxide Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Optical Film Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Optical Film Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil Optical Film Market, 2018 - 2021, USD Million
TABLE 26 Brazil Optical Film Market, 2022 - 2028, USD Million
TABLE 27 Brazil Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 28 Brazil Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 29 Brazil Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 30 Brazil Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 31 Argentina Optical Film Market, 2018 - 2021, USD Million
TABLE 32 Argentina Optical Film Market, 2022 - 2028, USD Million
TABLE 33 Argentina Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 34 Argentina Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 35 Argentina Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 36 Argentina Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 37 UAE Optical Film Market, 2018 - 2021, USD Million
TABLE 38 UAE Optical Film Market, 2022 - 2028, USD Million
TABLE 39 UAE Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 40 UAE Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 41 UAE Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 42 UAE Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Optical Film Market, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Optical Film Market, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 47 Saudi Arabia Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 48 Saudi Arabia Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 49 South Africa Optical Film Market, 2018 - 2021, USD Million
TABLE 50 South Africa Optical Film Market, 2022 - 2028, USD Million
TABLE 51 South Africa Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 52 South Africa Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 53 South Africa Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 54 South Africa Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 55 Nigeria Optical Film Market, 2018 - 2021, USD Million
TABLE 56 Nigeria Optical Film Market, 2022 - 2028, USD Million
TABLE 57 Nigeria Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 58 Nigeria Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 59 Nigeria Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 60 Nigeria Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA Optical Film Market, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA Optical Film Market, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of LAMEA Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of LAMEA 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
TABLE 1 LAMEA Optical Film Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Optical Film Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Television Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Television Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Tablets & Smartphones Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Tablets & Smartphones Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Desktop Monitors & Laptops Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Desktop Monitors & Laptops Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Control Display Panel Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Control Display Panel Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 16 LAMEA Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 17 LAMEA Polarizer Film Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Polarizer Film Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Backlight Unit Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Backlight Unit Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Indium Tin Oxide Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Indium Tin Oxide Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Optical Film Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Optical Film Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil Optical Film Market, 2018 - 2021, USD Million
TABLE 26 Brazil Optical Film Market, 2022 - 2028, USD Million
TABLE 27 Brazil Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 28 Brazil Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 29 Brazil Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 30 Brazil Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 31 Argentina Optical Film Market, 2018 - 2021, USD Million
TABLE 32 Argentina Optical Film Market, 2022 - 2028, USD Million
TABLE 33 Argentina Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 34 Argentina Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 35 Argentina Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 36 Argentina Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 37 UAE Optical Film Market, 2018 - 2021, USD Million
TABLE 38 UAE Optical Film Market, 2022 - 2028, USD Million
TABLE 39 UAE Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 40 UAE Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 41 UAE Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 42 UAE Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Optical Film Market, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Optical Film Market, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 47 Saudi Arabia Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 48 Saudi Arabia Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 49 South Africa Optical Film Market, 2018 - 2021, USD Million
TABLE 50 South Africa Optical Film Market, 2022 - 2028, USD Million
TABLE 51 South Africa Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 52 South Africa Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 53 South Africa Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 54 South Africa Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 55 Nigeria Optical Film Market, 2018 - 2021, USD Million
TABLE 56 Nigeria Optical Film Market, 2022 - 2028, USD Million
TABLE 57 Nigeria Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 58 Nigeria Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 59 Nigeria Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 60 Nigeria Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA Optical Film Market, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA Optical Film Market, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of LAMEA Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of LAMEA 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