Global Brightness Enhancement Films Market Analysis 2021-2027

  • Publish Date
    November 10, 2022
  • No of Pages
    234
  • SKU Code
    GIR 7901
  • Format

Report Overview

  • Understand the latest market trends and future growth opportunities for the Brightness Enhancement Films industry globally with research from the Global Industry Reports team of in-country analysts – experts by industry and geographic specialization.
  • Key trends are clearly and succinctly summarized alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight, and confident growth projections.
  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Brightness Enhancement Films Market” by various segments at a global and regional level for the 2010-2027 period, with 2010-2021 as historical data, 2021 as a base year, 2022 as an estimated year and 2022-2027 as forecast period.

COVID-19 Impact on Brightness Enhancement Films Market

  • With the world having to adapt quickly to social distancing, the avoidance of touching surfaces where viruses can be transmitted, and the increased monitoring of people’s vital signs, it’s no wonder the display market gained a boost increase in work-from-home concepts adding never seen demand for personal laptops and in-home entertainment electronics.
  • Increased demand for medical instruments with digital displays drove the demand during the pandemic.

Description:

  • The global market for Brightness Enhancement Films estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$7.1 Billion by 2027, with a CAGR of 12.73% over the analysis period.
  • The United States represents the largest regional market for Brightness Enhancement Films and is projected to reach US$2.9 Billion by 2027. China is expected to spearhead growth and emerge as the fastest-growing regional market with a CAGR of 10.4% over the analysis period. all favoring growth.
  • A large portion of wearable technology is in the nature of consumer electronics and healthcare and medicine. This region has several people exposed to the trend of adopting developing technologies, especially those people which fall within a range of good income.
  • South Korea represents the largest market worldwide. China ranks as the fastest-growing market with a CAGR of 10.5% over the analysis period. The upward momentum in the adoption of TFT-LCDs, in line with growing demand for mobile phones, notebooks, and LED TVs, is creating parallel demand for BELM Films in the vast Chinese electronics market.
  • At present, core components such as light management films are available in numerous variants. Taiwan, South Korea, and China have emerged as the leading providers of backlights and display panels. Demand for Backlight Units (BLUs) remains strong driven primarily by the growing demand for notebooks, televisions, and monitors. This in turn contributes to the increased demand for backlight films. The backlight sector particularly is witnessing intense activity, with manufacturers engaged in developing various combinations of the prism, diffusion, and micro-lens films.

Brightness Enhancement Films

The Brightness Enhancement Films Report Includes:

  • The report provides a deep dive into details of the industry including definitions, classifications, and industry chain structure.
  • Analysis of key supply-side and demand trends.
  • Detailed segmentation of international and local products.
  • Historic volume and value sizes, company, and brand market shares.
  • Five-year forecasts of market trends and market growth.
  • Robust and transparent research methodology conducted in-country.
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
  • Provision of market value (USD Billion) data for each segment and sub-segment.
  • Analysis by geography, region, Country, and its states.
  • A brief overview of the commercial potential of products, technologies, and applications.
  • Company profiles of leading market participants dealing in products category.
  • Description of properties and manufacturing processes.
  • marketed segments on the basis of type, application, end users, region, and others.
  • Discussion of the current state, setbacks, innovations, and future needs of the market.
  • Examination of the market by application and by product sizes; utility-scale, medium scale and small-scale.
  • Country-specific data and analysis for the United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • Analysis of competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market.
  • A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders.

Reports Scope and Segments:

Report Attribute Details
Market size value in 2022 USD 3.9 billion
Revenue forecast in 2027 USD 7.1 billion
Growth Rate CAGR of 12.73% from 2022 to 2027
Base year for estimation 2021
Historical data 2015 – 2021
Forecast period 2022 – 2027
Quantitative units Revenue in USD million and CAGR from 2021 to 2027
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, trends, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Segments covered Product, Component, Technology, Application, Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa and rest of the world
Country scope United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
Key companies profiled  3M Company, Dai Nippon Printing Co., Ltd., DuPont, EFUN Technology Co. Ltd., Fusion Optix, Inc., Ltd., Jia Wei Lifestyle, Inc., Kolon Industries, Inc., LG Chem Ltd., LMS Co., Ltd., MNTech Co., Ltd., Nitto Denko Corp., SABIC Innovative Plastics, Shinwha Intertek Corp., SKC Hitech & Marketing Co., Ltd., UBright Optronics Corp., Wah Hong Industrial Corp., WaveFront Technology, Inc., and ZEON Corp. and others.
Customization scope Free report customization (equivalent up to 10 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Report Format PDF, PPT, Excel & Online User Account

Brightness Enhancement Films by Category

Based on the type:

  • Multi-Function Prism
  • Reflective Polarizer
  • Diffuser Film
  • Normal Prism
  • Single Layer
  • Multi-Layer
  • Others

Based on application:

  • Monitors
  • Handhelds
  • TVs
  • Notebooks
  • Other Devices

Key Market Players

3M Company, Dai Nippon Printing Co., Ltd., DuPont, EFUN Technology Co. Ltd., Fusion Optix, Inc., Ltd., Jia Wei Lifestyle,  Inc., Kolon Industries, Inc., LG Chem Ltd., LMS Co., Ltd., MNTech Co., Ltd.,  Nitto Denko Corp., SABIC Innovative Plastics, Shinwha Intertek Corp., SKC  Hitech & Marketing Co., Ltd., UBright Optronics Corp., Wah Hong Industrial  Corp., WaveFront Technology, Inc., and ZEON Corp., among others.

Top 5 Brightness Enhancement Films Companies by Shipment Volume, Market Share, and Year-Over-Year Growth, Q1 2022 (shipments in millions)

Company 1Q22
Shipments
1Q22
Market Share
1Q21
Shipments
1Q21
Market Share
Year-Over-Year
Growth
1. 3M Company 32.1 30.5% 30.1 27.7% 6.6%
2. Mitsubhi Rayon 10.9 10.3% 12.1 11.1% -9.9%
3. Fusion Optix 9.8 9.3% 12.9 11.9% -23.8%
4. Nitto Denko Corp 7.7 7.3% 8.6 7.9% -10.8%
5. SABIC 3.2 3.0% 3.0 2.8% 5.2%
Others 41.7 39.6% 41.9 38.6% -0.5%
TOTAL 105.3 100.0% 108.6 100.0% -3.0%

Recent Developments

  • 3M Company introduced dual brightness enhancement films to help optics and display manufacturers to meet the requirements to modify display features in various consumer electronics products.
  • DuPONT Electronics & Imaging is expanding by investing US$ 220 million in the production plant in Ohio, U.S. The new production facility will increase the company’s production of Pyralux flexible circuit materials and Kapton polyimide film.

After Sales Support

  • Every updated edition of the report and full data stack will be provided at no extra cost for 24 months.
  • Latest 2021 base year report.
  • No user limitation for the report. Unlimited access within the organization.
  • Unrestricted post-sales support at no additional cost
  • Free report customization (equivalent up to 10 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
  • Global Industry Reports will support your post-purchase for a period of 24 months to answer any of your queries related to the following market and to provide you any more data needed, for your analysis.
  • Option to purchase regional or some selected Chapters from the report.

This report answers

  • What is the market size of Brightness Enhancement Films Globally and in your country?
  • Which are the leading brands?
  • How are products distributed?
  • How is the rise of e-commerce changing the retail landscape?
  • How has COVID-19 and accordant macroeconomic and retail disruption impacted consumer demand?
  • How are considerations such as urban development and the rise in single-person households driving sales growth?
  • Where is technology taking the market? Which products are pioneering growth? Which face obsolescence?
  • Where is future growth expected to be most dynamic?
  • Executive Summary
  • Research Methodology
    • Primary Research
    • Secondary Research
    • Market Analytics
    • Revenue Forecasting
  • Market Overview
    • Market Definition
    • Scope of the Study
      • Research Objectives
      • Assumptions & Limitations
      • Market Structure
    • Market Dynamics
      • Introduction
      • Microeconomic Factor Analysis
      • Market Evolution
      • Technology Roadmap
      • Demand-Supply Dynamics
      • Growth Drivers
      • Restraints
      • Opportunities
      • Challenges
      • Sustainable Strategies
    • Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
    • Industry Analysis
      • Profitability analysis
      • Supply Chain & Value Chain Analysis
      • Porter’s Five Forces Analysis
        • Bargaining power of Suppliers
        • Bargaining Power of Buyers
        • Threat of substitutes
        • Threat of new entrants
        • Degree of Competition
      • PEST Analysis
      • Upstream and downstream profitability analysis and opportunities

Global Market Scope

  1. Market analysis by product category
  2. Market analysis by component / type
  3. Market analysis by technology
  4. Market analysis by application
  5. Market analysis by industry vertical
  6. Market analysis by end-use
  7. Market analysis by emerging technologies, trends and applications
  8. Market analysis by region
    • North America
      • US
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Peru
      • Venezuela
      • Ecuador
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Russia
      • Italy
      • Spain
      • Sweden
      • Netherlands
      • Poland
      • Austria
      • Belgium
      • Finland
      • Norway
      • Switzerland
      • Denmark
      • Czech Republic
      • Portugal
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • Taiwan
      • India
      • Australia
      • Indonesia
      • Philippines
      • Malaysia
      • Others
    • Middle East
      • Iran
      • Turkey
      • Kuwait
      • UAE
      • Israel
      • Oman
      • Bahrain
      • Saudi Arabia
      • Qatar
      • Egypt
      • Others
    • Africa
      • Algeria
      • Libya
      • South Africa
      • Sudan
      • Zimbabwe
      • Others
  1. Competitive Landscape
    • Introduction
    • Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
    • Market Strategy
    • Mergers and Acquisitions
    • New Product Launches
    • Asset Transactions
    • Financial Announcements
  2. Company Profile (key market players)
    • Company profile 1
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 2
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 3
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 4
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 5
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 6
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 7
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 8
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 9
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 10
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
  1. Other Companies

150+

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

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