6:03 AM Optical Film Market Size to experience an impressive growth of 6.2% |
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.
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By Product Type: 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. By End-Use Industry Type: 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. By Region: 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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