Global Color Filter Market Revenue Will Reach $419 Million in 2023

Color Filter (CF) is a key material for achieving colorization in LCD. It is usually composed of a glass substrate, black matrix, color layer, protective layer, and ITO conductive film. The working principle of a color filter is to apply BM, R/G/B, and O/C on a glass substrate through pigment dispersion and other processes so that the white light passing through is filtered into three basic pigment matrices of red, blue, and green to achieve color display.

In the automotive industry, color filters are widely used in areas such as headlights, taillights, and roof skylights. They not only add a beautiful and fashionable appearance to the vehicle, but also adjust the light spectrum to enhance the brightness, clarity, and contrast of the light beam, thereby improving the safety of driving at night; In the field of electronic display technology, LCDs play an extremely important role, and color filters play a crucial role in LCDs. By guiding the light waves of red, green, and blue to the corresponding pixels on the screen, various color display effects are achieved; In biomedical applications, color filters are a safe, environmentally friendly, and efficient optical component that can perform various functions such as polarization, reflection, and transparency, providing excellent support for medical diagnosis, treatment, and research.

According to the different application characteristics, color filters can usually be divided into several categories: long-pass, band-pass, short-pass, and multi-band pass. Among them, long-pass filters and band-pass filters dominate the market. Data shows that in 2023, the global market revenue for long-pass filters and band-pass filters is expected to reach $142 million and $93 million, respectively, with estimated market shares of 33.89% and 22.20%.

Global Color Filter Market Revenue and Share Forecast by Type in 2023

Source: www.globalmarketmonitor.com

According to our research data, the total revenue of the global color filter market is expected to reach $419 million in 2023 and may continue to increase to $481 million by 2026. From the development situation of various regions, Europe is the industry's largest revenue market, with market revenue expected to reach $151 million in 2023 and an estimated market share of 35.97%; The North American market is expected to rank second with a share of 22.08%.