Lucintel anticipates that Asia Pacific will be the fastest growing region in the optical film market

   September 24, 2019
According to a new market report published by Lucintel, the future of the optical film market looks attractive with opportunities in the markets of televisions, monitors, notebooks, and mobile phones. The optical film market is expected to reach an estimated $22.1 billion by 2024 and is forecast to grow at a CAGR of 4.9% from 2019 to 2024. The major growth driver for this market are increasing demand for larger screen sized televisions and mobile phones.

Browse 105 market data tables and 122 figures spread through 203 pages and in-depth TOC on “Optical Film Market"

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In this market, different types of optical film such as polarizer film, BLU film, and ITO film in various product. Lucintel forecasts that polarizer film is expected to remain the largest segment and it is also expected to witness the highest growth in the forecast period supported by increasing demand for television, mobile, and notebook displays.

Within the optical film market, television is expected to remain the largest end use market due to the continuous growth in demand for larger display televisions and declining panel prices.  The mobile phone segment is expected to witness the highest growth in the forecast period supported by increasing demand for the bezel-less organic light-emitting diode (OLED) display and larger screen smartphones.

Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period. Economic expansion, growth in per capita income, urbanization, and increase in living standards across the region, particularly in India and China, are leading the demand for televisions, mobile phones, monitors, and other electronics.

Emerging trends, which have a direct impact on the dynamics of the optical film industry, include the development of ultra-thin polarizers and the development of blue light high transmission polarizers. Nitto Denko, Sumitomo, LG Chem, Fujifilm, and Mntech and others are among the major optical film manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the optical film market by product, application, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Optical Film Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the optical film market by product, application and region as follows:

By Product Type [Volume (M Sqm) and $M shipment analysis for 2013 – 2024]:

  • Polarizers Film

  • Backlight Units (BLU) Film

  • Diffuser Film

  • Reflector Film

  • Normal Prism Film

  • Micro Lens Film

  • Reflective Polarizer Film

  • Multi-Functional Prism Film

  • Indium Tin Oxide (ITO) Film

By End Use Market [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:

  • Televisions

  • Monitors

  • Notebooks

  • Mobile Phones

  • Others 

By Region [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:

  • North America

  • United States

  • Canada

  • Mexico

  • Europe

  • Germany

  • Italy

  • France

  • Asia Pacific

  • China

  • Japan

  • The Rest of the World

This 203-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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