The changing dynamics in Optical Film Market with covid-19 impact assessment
June 03, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Optical Film Market.
It was estimated prior to this unanticipated outbreak that the Optical Film Market will grow at 6.2% CGAR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Optical Film Market Segment Analysis:
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.
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.
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.
Some of the optical film manufacturers are Nitto Denko Corporation, Sumitomo Corporation, LG Chem Ltd, and Fujifilm Holdings Corporation.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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