Optical Film Market to experience a healthy CAGR of 6.2%
February 17, 2020
Optical Film Market Overview:
Optical film market is likely to witness an impressive CAGR of 6.2% during the forecast period. Larger screen-sized televisions and mobile phones contribute to the global demand for optical films, which is the prime driver of the global optical film market.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Optical Film Market Segment Insights:
Polarizer film: The growth engine
Based on the product type, the market has been segmented as polarizer film, backlit unit film, and ITO film. It is estimated that the polarizer film segment will have the largest market in the coming five years. This segment will also have the highest growth during the forecast period. The market is driven by the increasing demand for large-sized television screens, mobile phones, and notebooks.
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Dominance of: The television segment
Based on the end-use industry type, the market is segmented as televisions, monitors, notebooks, mobile phones, and others. The television segment is expected to be the largest market in the coming five years, owing to the increasing demand for larger display size. The mobile phone segment is likely to have the fastest growth during the forecast period, owing to the rising infiltration of smart phones.
A highly/moderately/fragment consolidated Market
Some of the optical film manufacturers are Nitto Denko Corporation, Sumitomo Corporation, LG Chem Ltd, and Fujifilm Holdings Corporation.
Regional Hegemony of Asia-pacific
In terms of regions, Asia-Pacific is expected to remain the largest market for optical films in the coming five years, by value and volume. China and India will be the growth engines of the region. The market is driven by the increasing demand for larger television screen displays, mobile phones, monitors and other electronic devices during the forecast period.
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