Dublin, March 23, 2021 (GLOBE NEWSWIRE) -- The "Optical Films - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
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$ 32.7 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.
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 an early 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 $6.6 Billion, While China is Forecast to Grow at 5.2% CAGR
The Optical Films market in the U.S. is estimated at US$ 6.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 5.8 Billion by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
ITO Film Segment to Record 6.2% CAGR
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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 3.8 Billion by the year 2027.
Select Competitors (Total 35 Featured):
American Polarizers, Inc.
BenQ Materials Corp.
China Lucky Film Group 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.
Sumitomo Chemical Co. Ltd.
Toray Industries, Inc.
Toyobo Co. Ltd.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Optical Films Competitor Market Share Scenario Worldwide (in %): 2020E
Global Competitor Market Shares by Segment
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 35
For more information about this report visit https://www.researchandmarkets.com/r/vfsynt
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