The Global Market for Brightness Enhancement Light Management Films is Projected to Exceed US$5.3 Billion by 2020

Demand for High Quality Displays Drives the Brightness Enhancement Light Management Films Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Brightness Enhancement Light Management Films market. The global market for Brightness Enhancement Light Management Films is projected to exceed US$5.3 billion by 2020, driven by the healthy demand for displays with high quality image, and better efficiencies.

The global displays market is exhibiting growth driven by the increasing demand for high quality image, and better efficiencies. Flat panel displays and LCDs (Liquid Crystal Displays) in particular have become widely prevalent, and are being used in a broad spectrum of applications ranging from mobile phones to large-screen televisions. The industry is highly dynamic with new innovations and products being launched into the market on a regular basis. Though the industry is making rapid strides, system assemblers and component suppliers are battling hard to remain competitive owing to the increasing commoditization of the market. Furthermore, manufacturers of LCD panels and backlight units are looking towards component and material suppliers to reduce costs and improve performance, so as to enhance overall profitability.

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. Backlight sector particularly is witnessing intense activity, with manufacturers engaged in developing various combinations of prism, diffusion, and micro-lens films. BELM films have gained widespread importance due to their effectiveness in enhancing the brightness of backlight units in various applications such as LCD television sets, cell phones, computer monitors, notebooks, and laptops. Demand for these optical films is expected to spiral upwards in the near future buoyed by the rising demand for notebooks, cell phones, LCD panels, and laptops. Widely-used BELM film categories include Diffuser Film, Multi-Function Prism, Normal Prism, Reflective Polarizers, Micro Lens and Reflective Films.

Reflective Polarizing Film constitutes the major product category in the BELM market. The market for reflective polarizer films has witnessed steady growth in recent times owing to the increasing use of LED backlights, rising emphasis on reducing power consumption, and growing need for green design. The BELM market is sensing growing demand for Multi-Functional Prism, an advanced film that blends the diffuser and prism functions by utilizing beads, surface micro-lens, or doping structures to channel the light with superior efficacy. The ability of multi-functional prism sheet to deliver much higher performance in brightness enhancement and light management functions as compared to regular prism film is a major factor generating market momentum for the novel product category.

As stated by the new market research report on Brightness Enhancement Light Management Films, South Korea represents the largest market worldwide. China ranks as the fastest growing market with a CAGR of 10.4% 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.

Key players covered in the report include 3M Company, Dai Nippon Printing Co., Ltd., DuPont, EFUN Technology Co. Ltd., Fusion Optix, Inc., Gamma Optical Co., Ltd., Kolon Industries, Inc., LG Chem Ltd., LMS Co., Ltd., MNTech Co., Ltd., Nitto Denko Corp., SABIC Innovative Plastics, Shinwha Intertek Corp., SKC Haas Display Films, UBright Optronics Corp., Wah Hong Industrial Corp., WaveFront Technology, Inc., and ZEON Corp., among others.

The research report titled “Brightness Enhancement Light Management Films: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers and other strategic industry activities of global companies. The report provides market estimates and projections in value terms for Taiwan, South Korea, China, and Rest of World (includes Japan and the US). The global market is analyzed by the product segments – Diffuser Film, Multi-Function Prism, Normal Prism, Reflective Polarizers, and Others (including Micro Lens and Reflective Films).

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