With Market Size Valued at $31.3 Billion by 2026, it`s a Healthy Outlook for the Global Optical Films Market
Sep 24, 2021, 11:15 ET
SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Optical Films - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 763
Companies: 35 - Players covered include 3M Company; American Polarizers, Inc.; BenQ Materials Corp.; China Lucky Film Group Corporation; Dexerials Corporation; Hyosung Corporation; JXTG Nippon Oil & Energy Corporation; Kolon Industries, Inc.; LG Chemical Ltd.; Mitsubishi Polyester Film GmbH; Nitto Optical Co., Ltd.; Samsung SDI (Formerly Cheil Industries); Sanritz Co., Ltd.; SKC Inc.; Sumitomo Chemical Co. Ltd.; Suntechopt Corporation; Teijin Limited; Toray Industries, Inc.; Toyobo Co. Ltd.; Zeon Corporation and Others.
Coverage: All major geographies and key segments
Segments: Type (Polarizing Film, Backlight Unit Film, ITO Film); Application (Television, Desktop Monitors & Laptops, Smartphones & Tablets, Signage / Large Format Display, Automotive Display, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Optical Films Market to Reach $31.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Optical Films estimated at US$22.3 Billion in the year 2020, is projected to reach a revised size of US$31.3 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. Polarizing Film, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$17.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Backlight Unit Film segment is readjusted to a revised 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.1 Billion in 2021, While China is Forecast to Reach $5.5 Billion by 2026
The Optical Films market in the U.S. is estimated at US$7.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2026 trailing a CAGR of 5.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
ITO Film Segment to Reach US$5 Billion by the year 2026
In the global ITO Film segment, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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