The brightness enhancement films market is on a robust growth trajectory, with a projected impressive Compound Annual Growth Rate (CAGR) of 7% during the forecast period. Starting at a valuation of US$ 9.9 billion in 2022, the market is expected to surge to US$ 19.47 billion by 2032. This expansion is primarily fueled by the widespread applications of brightness enhancement films in the manufacturing of flat control displays, spanning a wide range of devices such as smartphones, TVs, laptops, desktop monitors, and aerospace and automotive display panels.
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Additionally, the market benefits from the growing emphasis on on-axis viewers and thin displays. However, while numerous opportunities beckon, the industry also faces certain challenges that could affect its full growth potential. One notable trend in the market involves collaborative efforts with consumer electronics manufacturers to expand global reach, underscoring the competitive dynamics of the sector.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global brightness enhancement films market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales brightness enhancement films in the coming 10-years
Key Takeaways and Projections:
- The U.S. is expected to lead the North America brightness enhancement films market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of brightness enhancement films market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global brightness enhancement films market. Some of the prominent market players are 3M company, Mitsubhi Rayon Co. Ltd., Fusion Optix, Nitto Denko Corp, SABIC, DuPONT.
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Frequently Asked Questions (FAQs)
- What will be the growth of Brightness Enhancement Films Market in the coming years?
- Who are the key players in the Brightness Enhancement Films Market?
- What will be the size of Brightness Enhancement Films Market in the foreseeable future?
- Which end-use type is expected to register significant growth in the Brightness Enhancement Films Market?
- Which region accounted for the largest share in the Brightness Enhancement Films Market?
- Who are the target audience in the Brightness Enhancement Films Market?
How is the Competitive Landscape in the Brightness Enhancement Films Market
The key players of the brightness enhancement films market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving down the sales of brightness enhancement films.
Key Players:
- 3M company
- Mitsubhi Rayon Co. Ltd.
- Fusion Optix
- Nitto Denko Corp
- SABIC
- DuPONT
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
These market players are anticipated to drive the brightness enhancement films market by introducing new products and expanding geographically.
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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 company’s production of Pyralux flexible circuit materials and Kapton polyimide film.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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