(MENAFN- EIN Presswire) EINPresswire/ -- Allied Market Research has released a report titled“Optical Film Market by Type (Polarizer Film, Backlight Unit, Indium Tin Oxide) and Application (Television, Tablets and Smartphones, Desktop Monitors and Laptops, Control Display Panels, Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” The global optical films market was valued at $20.6 billion in 2021 and is projected to reach $40.4 billion by 2030, registering a CAGR of 7.6% from 2022 to 2030.

Key Growth Drivers:

Rising demand for optical films in LCD and LED displays is a primary driver of market growth. These films are essential for applications in thin-film transistors (TFTs), LCD panels, and OLED panels. Their widespread use across televisions, desktop monitors, laptops, smartphones, tablets, and other large display systems continues to create strong market opportunities.

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Segment Insights:-

By Type:

- The polarizer film segment accounted for nearly half of the market in 2021 and is expected to maintain its dominant position through 2030. It is also projected to register the fastest CAGR of 7.8%. Increasing use of polarizer films for glare and reflection reduction in various display applications drives this segment. The report also analyzes backlight unit films and indium tin oxide films.

By Application:

- The television segment held the largest share in 2021, driven by advancements in TV resolution and the expanding role of smart TVs in digital advertising.
- The tablets and smartphones segment is projected to record the fastest growth, with a CAGR of 8.3%, supported by increasing device penetration in developing economies.

Regional Outlook:

- Asia-Pacific dominated the market in 2021, contributing nearly two-fifths of global revenue, and is expected to continue leading with the highest regional CAGR of 8.1% through 2030. Growth is driven by strong demand for advanced optical films in a wide range of electronic devices. Other regions covered include North America, Europe, and LAMEA.

Key Market Participants:

- LG Chem, Ltd.
- Samsung SDI
- 3M
- Sumitomo Chemical Co., Ltd.
- Zeon Corporation
- Kolon Industries Inc.
- Nitto Denko Corporation
- Toray Industries Inc.
- Sanritz Co., Ltd.
- Hyosung Chemical

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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