Optical Films: A vital component in the electronics sector | Global industry value to reach $40.4 billion by 2030

Optical film market Forecast, 2021-2030

Optical film market Forecast, 2021-2030

Based on the region, Asia Pacific held the highest market share by 2021 revenue, accounting for nearly two-fifths of the global optical film market.

WILMINGTON, DELAWARE, USA, October 18, 2023 /EINPresswire.com/ -- According to new research report published by Allied Market Research, Global Optical film market size was valued at $20.6 billion in 2021, and is projected to reach $40.4 billion by 2030, growing at a CAGR of 7.6% from 2022 to 2030. Optical films are thin films or coatings designed to improve the polarization, transmission, and reflection, of light in a wide range of optical systems, including reflecting prisms, mirrors, projection screens, dispersing devices, fiber-optic bundles, and more. These films come in various types, differing in terms of refractive index, thickness, and materials. Additionally, these films are integral in laptops, desktop monitors, smartphones, televisions, tablets, and other large displays. The growing demand for optical films in LCDs and LEDs across manufacturers is a significant factor contributing to their increased adoption in various optical systems.

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Optical films have the capability to be applied as coatings on a variety of materials, extending from simple glass to complex electronic circuits. Moreover, these films act as protective layers, offering anti-corrosion and anti-degradation properties, ensuring the safeguarding of the layered material against external influences.

The optical film industry is expanding rapidly due to the rising demand for smartphones, tablets, and other electronic devices. This increasing demand is attributed to rapid urbanization, which has brought about shifts in consumer lifestyles, ultimately driving the demand for electronic devices and resulting in increased product utilization.

Applications of the optical film:

Agriculture production facilities:

Advancements in science and technology have significantly reduced the traditional dependence of agricultural cultivation on weather and seasons. Nowadays, many fruits and vegetables are grown within controlled environments like greenhouses.

To optimize the use of natural light and conserve energy, a sunshade energy-saving curtain film has been developed using optical film technology. This innovation serves the purpose of energy efficiency. Currently, there is a new type of shading energy-saving curtain film, constructed with an aluminum plating film on a polymer material. This advanced film offers superior energy-saving capabilities and temperature regulation, effectively reaching an international standard of excellence.

Lighting equipment:

Optical films are widely integrated into lighting equipment, such as incandescent lamps and low-pressure sodium lamps, to improve their energy efficiency. Many of these lighting devices feature a surface coating with an enhanced reflection film, capable of reflecting infrared light. When light interacts with this film, it undergoes extended interference phases, resulting in intensified reflected light and reduced transmitted light, thereby enhancing the transmission of visible light.

The application of optical films not only conserves energy but also transforms the energy distribution in the spectrum. It primarily concentrates energy in the visible light range, minimizes distribution in the infrared spectrum, and can even eliminate energy in the infrared spectrum. This technology contributes to energy savings and optimizing the spectrum's energy distribution for enhanced lighting performance.

Lenses:

In most cases, lenses are coated with optical films, specifically anti-reflective coatings, to minimize the reflection of light at the interface between air and glass. These coatings serve the dual purpose of reducing reflections and preventing the occurrence of flares, which can be a common issue when using uncoated lenses. As a result, optical films find extensive use in optical devices such as binoculars, cameras, telescopes, and various other instruments, significantly enhancing their optical performance and image quality.

Microscopy:

In the field of microscopy, the analysis of microbes requires high precision lenses. For this, optical lenses having surface plasmon resonance properties are used because they deliver accurate results with high precision.

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Recent developments in the optical film industry:

DNP obtained Anti-bacterial and Antiviral certification for its Anti-Glare Film on 30th October 2022

Dai Nippon Printing Co., Ltd. (DNP, TOKYO: 7912) has received SIAA certification from The Society of International Sustaining Growth for Antimicrobial Articles (SIAA) in connection with their anti-bacterial and anti-viral anti-glare film designed for laptop computers, monitors, and TV displays. This newly certified product is available from October 31, 2022.

Manufacturers working on panels for a wide range of applications, including PCs, monitors, and TVs, can seamlessly incorporate DNP's new anti-glare film into their products without necessitating any alterations to their existing specifications.

The recently developed anti-glare film adheres to ISO22196 standards for antimicrobial effectiveness and complies with ISO21702 for its antiviral properties. Moreover, it has obtained SIAA certification. This film consistently demonstrates the capability to reduce bacteria and viruses by 99%.

DNP Expanded its Inventory of Broad-Spectrum Coating Equipment for High-Performance Optical Films at the Mihara Plant

Dai Nippon Printing Co., Ltd. expanded its inventory of wide-range coating equipment designed for producing high-performance optical films with a maximum width of 2,500 mm. This addition has been made at the Mihara plant located in Hiroshima prefecture, responding to the continuous trend toward larger-screen televisions.

With this recent advancement, the production capacity, measured on an area basis, has seen a growth of over 15%. This enhancement will result in increased efficiency in the production of films designed for 65-inch large-screen TVs.

To sum up, the global optical film industry is expanding rapidly and is expected to grow even higher in the upcoming years.

Based on the region, Asia Pacific held the highest market share by 2021 revenue, accounting for nearly two-fifths of the global optical film market. Moreover, the same region is expected to witness the fastest CAGR of 8.1% from 2022 to 2030. This is attributed to the increase in demand for advanced optical films in various electrical appliances.. Other regions analyzed in the report are North America, Europeand LAMEA.

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Major Market Players:-

1. LG Chem, Ltd.
2. Samsung SDI
3. 3M
4. Sumitomo Chemical Co., Ltd.
5. Zeon Corporation
6. Kolon Industries Inc.
7. Nitto Denko Company
8. Toray Industries Inc.
9. Sanritz Co., Ltd.
10. Hyosung Chemical.

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David Correa
Allied Market Research
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