Optical Film Market to Garner $40.4 Billion, Globally, By 2030 at 7.6% CAGR, Says Allied Market Research
PORTLAND, Ore., July 18, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Optical Film Market by By Type (Polarizer Film, Backlight Unit, Indium Tin Oxide), by By Application (Television (TV), Tablets and Smartphones, Desktop Monitors and Laptops, Control Display Panel, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global Optical Films industry generated $20.6 billion in 2021, and is anticipated to generate $40.4 billion by 2030, witnessing a CAGR of 7.6% from 2022 to 2030.
- High requirement of optical films in LCDs and LEDs among manufacturers drive the growth of the global optical films market.
- High requirement of optical films in LCDs and LEDs among manufacturers drive the growth of the global optical films market.
- Optical films have various applications such as in thin film transistors (TFTs), liquid crystal display (LCD) panels, and organic light emitting diode (OLED) panels.
- Based on region, Asia-Pacific held the highest market share in terms of revenue 2021, accounting for nearly two-fifths of the global optical films market.