Press Release

LG CHEM,3M, and Mitsubishi Chemical Corporation are Dominating the Market for Global Optical Films Market in 2017

Global Optical Films Market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Access Full Report:

The global optical films market highly concentrated to a few big players and rest to local players who cater to domestic markets only. LG CHEM dominated the optical films market accounting for a highest market share in 2017, followed by 3M, Siemens AG, Mitsubishi Chemical Corporation, and Dexerials Corporation Other players in this market include are HYOSUNG, NITTO OPTICAL CO., LTD, Ltd., Sumitomo Chemical Co. Ltd., BenQ Materials Corporation, Sanritz Co.,Ltd., ZEON CORPORATION, American Polarizers, Inc., TORAY INDUSTRIES, INC., TOYOBO CO., LTD,, China Lucky Corp, TEIJIN LIMITED, Inc, SKC Inc., Kolon Industries, Inc., Suntechopt Corporation, JXTG Nippon Oil & Energy Corporation, Fusion Optix Inc., Dejima Optical Films BV, KOLON Industries, Inc. and others.

12.3 LG CHEM:

Established in 1947 and headquartered in Seoul, South Korea. LG Chem is engaged in providing innovative materials and solutions. The company operates in five business segments namely Basic Materials and Chemicals, Energy Solutions, IT and Electronics Materials, Life Science and Advanced Materials. The optical film product offer under IT and electronics materials segment. The IT and electronics materials segment includes various products such as display materials, semiconductor materials, automotive materials, water treatment materials and advanced materials. The optical films have wide application in TV, Monitor, Laptop, tablets and smartphones.

Some of its subsidiaries are LG Chemical America, Inc., LG Chem Michigan Inc., LG India Holdings Inc., LG Chem China Investment Co., Ltd., LG Chem (Nanjing) I & E Materials Co., Ltd., Lg Chem Europe Gmbh LG Corporation. Chem (Guangzhou) Information & Electronic Materials Co., Ltd, LG Life Sciences India Pvt Ltd., LG Polymers India Pvt Ltd. and many others. It has 16 manufacturing location with 13 marketing subsidiary. The company has its presence in China, Asia, Europe, Americas and Oceania.

In March 2015, LG Chem (South Korea) expanded its TFT-LCD polarizer production in China. It is a polarizer that contains multi-layered optical film used for transmitting light in the Thin Film Transistor-Liquid Crystal Display (TFT-LCD) modules. It is used in mobile gadgets, laptops, display monitors and televisions. This expansion will help in increasing company annual production capacity to 64 million m2 from the current 40 million m2.


Founded in 1902 and headquartered in Minnesota, U.S. 3M is engaged in technological innovation .which innovates various products related to abrasives, adhesives and tapes, advanced material, films filtration and others. The business segments in which company operates are Industrial, Safety and Graphics, Health Care, Electronics and Energy and Consumer. Optical films come under the industrial segment. It offers OLF-2405 optical film which has wide application in display, tablet, mobile divides and other. Its products have wide application in schools, businesses, homes, hospitals and other industries. 3M has its sales offices in 200 countries and has its corporate operations in 70 countries. It has been awarded as Best Places to work for LGBTQ Equality 2018, Champions for Change Award Winner 2016, Robert B. Irwin Award 2018, Catalysts Award Winner 2017 and many others.

The company has its geographic presence United States, Asia Pacific, Europe, Middle East and Africa, Latin America and Canada. Some of the subsidiaries of the company are 3M Scott Fire & Safety (U.S.), Capital Safety (U.S.), 3M Japan Ltd (Japan), 3M Canada (Canada), 3M Russia (Russia) 3M Thailand Ltd. (Thailand) and many more.

In June2015, 3M (U.S.) showcases its display innovation at SID display week 2015 in San Joes, California. Company is planning to take flat display on a next level with this innovation which will help in addressing the visual problems related to automotive displays. Attendees of the display week will get to learn more about the 3M technology


Founded in 1933 and headquartered in Tokyo, Japan. Mitsubishi Chemical Corporation is engaged in manufacturing of performance products, industrial materials and others. The company operates in different business segment such as Performance products, Chemical, Healthcare and industrial gases and others.. It deals in various business field chemicals, polymers/resins and high performance chemical, carbon materials carbon fiber and composite materials, information/ electronics/ display / battery, alumina fiber / inorganic products, fibers & textiles, agriculture / food materials / healthcare and service / IT / Analysis. The optical film products are offered under performance products segment. Mitsubishi Chemical Corporation offers various applications which include petrochemical intermediates, environment, automotive & aircraft, machinery & equipment, electronics and IT, packaging, label and printing, logistics, civil engineering, building and construction, plant, energy, daily goods.

The company is certified with ISO 9001: 2008 and ISO 14001: 2004 Certification. The company has its global presence in U.S., Europe, China, Asia-Pacific and others.

In June 2018, Mitsubishi Chemical Corporation (Japan) signed an agreement to acquire PVC compound business of Welset (India) plast extrusions private limited in India. This acquision will help MCC to enter into the medical PVC compound business and strengthen its existing PVC and thermoplastic elastomers businesses in India.

In March 2018, Mitsubishi Chemical Corporation (Japan) expanded its new plant to produce DIAMIRON multilayer co-extruded film in Thailand. DIAMIRON is a high-performance film used in medical supplies and devices, food packaging and others. It will help in rising demand for high-performance packaging providing solutions for new forms of packaging due to its excellent functionality, quality, and adaptability to customized application.

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