The North America Optical Film Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
Optical films are thin films or coatings that are used to improve the reflection, polarization, and transmission of optical systems including projection screens, dispersing devices, mirrors, fiber-optic bundles, reflecting prisms, and so on. Optical thin films manipulate the characteristics of light to regulate its reflection and penetration. Optical functional films or optical films are other names for them. In terms of materials, refractive index, and thickness, optical films come in a variety of shapes and sizes. Furthermore, the three most popular types of optical films are polarizing film, backlight module, and ITO films.
Consumers are adopting a more conventional lifestyle as their discretionary money rises. Constant technological advancements are enticing consumers to spend more on electronic gadgets such as laptops, smartphones, LED televisions, and other items, which is predicted to fuel the industry. Several government initiatives, such as the adoption of electric vehicles for transportation and the use of e-learning in schools and educational institutions, are also encouraging market growth.
The United States possesses the world's largest advertising market. In 2012, domestic advertising revenue was predicted to reach $219 billion, representing roughly 1% of the US gross domestic product (GDP). Almost every major channel of information, including news, entertainment, and online services, is supported by advertising money. Advertising accounts for 60 percent to 80 percent of total revenue for many newspapers and magazines, whereas advertising accounts for the majority of revenue for search engines and social networking sites.
With significant R&D support and extensive financial backing, the region is a major computer industry center, resulting in high memory utilization. In the region, consumer electronics such as smart home devices, smart wearables, and gaming consoles are all popular. Personal computer imports and sales in the United States showed no indications of slowing in 2021. The PC market in the United States is varied, ranging from workstations and desktops to portable or mobile laptops, notebooks, netbooks, and tablets. In the United States, smartphone adoption is higher than everywhere else in the world.
The US market dominated the North America Optical Film Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,703.3 million by 2028. The Canada market is estimated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.5% during (2022 - 2028).
Based on Application, the market is segmented into Television, Tablets & Smartphones, Desktop Monitors & Laptops, Control Display Panel, and Others. Based on Type, the market is segmented into Polarizer Film, Backlight Unit, and Indium Tin Oxide. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Optical Film Market is Estimated to reach $32.2 Billion by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toray Industries, Inc., 3M Company, Nitto Denko Corporation, LG Chem Ltd. (LG Corporation), Sumitomo Chemical Co., Ltd., Samsung SDI Co., Ltd. (Samsung Electronics Group), Hyosung Chemical, Zeon Corporation, UFO Digital Solutions Pty Ltd., and PRONAT Industries Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Television
- Tablets & Smartphones
- Desktop Monitors & Laptops
- Control Display Panel
- Others
By Type
- Television
- Tablets & Smartphones
- Desktop Monitors & Laptops
- Control Display Panel
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Toray Industries, Inc.
- 3M Company
- Nitto Denko Corporation
- LG Chem Ltd. (LG Corporation)
- Sumitomo Chemical Co., Ltd.
- Samsung SDI Co., Ltd. (Samsung Electronics Group)
- Hyosung Chemical
- Zeon Corporation
- UFO Digital Solutions Pty Ltd.
- PRONAT Industries Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Optical Film Market, by Application
1.4.2 North America Optical Film Market, by Type
1.4.3 North America Optical Film Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Optical Film Market by Application
3.1 North America Television Market by Country
3.2 North America Tablets & Smartphones Market by Country
3.3 North America Desktop Monitors & Laptops Market by Country
3.4 North America Control Display Panel Market by Country
3.5 North America Others Market by Country
Chapter 4. North America Optical Film Market by Type
4.1 North America Polarizer Film Market by Country
4.2 North America Backlight Unit Market by Country
4.3 North America Indium Tin Oxide Market by Country
Chapter 5. North America Optical Film Market by Country
5.1 US Optical Film Market
5.1.1 US Optical Film Market by Application
5.1.2 US Optical Film Market by Type
5.2 Canada Optical Film Market
5.2.1 Canada Optical Film Market by Application
5.2.2 Canada Optical Film Market by Type
5.3 Mexico Optical Film Market
5.3.1 Mexico Optical Film Market by Application
5.3.2 Mexico Optical Film Market by Type
5.4 Rest of North America Optical Film Market
5.4.1 Rest of North America Optical Film Market by Application
5.4.2 Rest of North America Optical Film Market by Type
Chapter 6. Company Profiles
6.1 Toray Industries, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.2 3M Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 SWOT Analysis
6.3 Nitto Denko Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental Analysis
6.3.4 Research & Development Expense
6.4 LG Chem Ltd. (LG Corporation)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Recent strategies and developments:
6.4.4.1 Product Launches and Product Expansions:
6.5 Sumitomo Chemical Co., Ltd.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental Analysis
6.5.4 Research & Development Expenses
6.6 Samsung SDI Co., Ltd. (Samsung Electronics Group)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.7 Hyosung Chemical
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Research & Development Expenses
6.8 Zeon Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.9 UFO Digital Solutions Pty Ltd.
6.9.1 Company Overview
6.10. PRONAT Industries Ltd.
6.10.1 Company Overview
TABLE 1 North America Optical Film Market, 2018 - 2021, USD Million
TABLE 2 North America Optical Film Market, 2022 - 2028, USD Million
TABLE 3 North America Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Television Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Television Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Tablets & Smartphones Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Tablets & Smartphones Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Desktop Monitors & Laptops Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Desktop Monitors & Laptops Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Control Display Panel Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Control Display Panel Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 16 North America Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 17 North America Polarizer Film Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Polarizer Film Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Backlight Unit Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Backlight Unit Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Indium Tin Oxide Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Indium Tin Oxide Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Optical Film Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Optical Film Market by Country, 2022 - 2028, USD Million
TABLE 25 US Optical Film Market, 2018 - 2021, USD Million
TABLE 26 US Optical Film Market, 2022 - 2028, USD Million
TABLE 27 US Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 28 US Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 29 US Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 30 US Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 31 Canada Optical Film Market, 2018 - 2021, USD Million
TABLE 32 Canada Optical Film Market, 2022 - 2028, USD Million
TABLE 33 Canada Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 34 Canada Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 35 Canada Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 36 Canada Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 37 Mexico Optical Film Market, 2018 - 2021, USD Million
TABLE 38 Mexico Optical Film Market, 2022 - 2028, USD Million
TABLE 39 Mexico Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 40 Mexico Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 41 Mexico Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 42 Mexico Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 43 Rest of North America Optical Film Market, 2018 - 2021, USD Million
TABLE 44 Rest of North America Optical Film Market, 2022 - 2028, USD Million
TABLE 45 Rest of North America Optical Film Market by Application, 2018 - 2021, USD Million
TABLE 46 Rest of North America Optical Film Market by Application, 2022 - 2028, USD Million
TABLE 47 Rest of North America Optical Film Market by Type, 2018 - 2021, USD Million
TABLE 48 Rest of North America Optical Film Market by Type, 2022 - 2028, USD Million
TABLE 49 key Information – Toray Industries, Inc.
TABLE 50 Key Information – 3M Company
TABLE 51 Key Information – Nitto Denko Corporation
TABLE 52 key information – LG Chem Ltd.
TABLE 53 Key Information – Sumitomo Chemical Co., Ltd.
TABLE 54 key information – Samsung SDI Co., Ltd.
TABLE 55 Key Information – Hyosung Chemical
TABLE 56 Key Information – Zeon Corporation
TABLE 57 Key Information – UFO Digital Solutions Pty Ltd.
TABLE 58 Key Information – PRONAT Industries Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: 3M Company