Seattle, WA -- (SBWire) -- 11/14/2019 --Polarizing Film Market – Insights: A film dyed using polyvinyl alcohol (PVA) is called as polarizing film. These films light and stain leakage and reflection control applications, owing to their features such as heat resistance, high durability, polarizing efficiency, hue, and transmittance.
Polarizing Film Market: Drivers
High demand for mobile phones and television displays is expected to boost growth of the global polarizing film market over the forecast period. For instance, in 2017, the Department of Telecommunications India reported that around 92.03 of every 100 citizens use cellphones in India.
However, availability of substitutes such as optical films and constantly changing prices of raw material is expected to hinder growth of the global polarizing film market.
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Polarizing Film Market: Outlook
On the basis of application, the television segment held dominant position in the market in 2017 due to high demand for television sets worldwide. Polarizing films are used in TV sets for high display contrast & readability, clear image view, and high surface transmission. According to India Brand Equity Foundation, the television market in India is expected to reach US$ 11.78 Billion in 2018, from US$ 9.23 Billion in 2016, which accounts for an increase of 12.97% over 2016–2018.
On the basis of product type, the LCD displays segment accounted for a major share in 2017 and is expected to witness similar trend during the forecast period. Polarizing films allows to display clear images on LCD screens. Increasing product launch is also expected to boost the segment growth. For instance, in 2016, Samsung SDI Co., Ltd. introduced Starem POL, which is a polarizing film that helps to convert unpolarized light into linearly polarized light by transmitting the incident beam, which propagates in one direction.
Polarizing Film Market: Regional Analysis
On the basis of region, the global polarizing film market is segmented into North America, South America, Europe, Asia Pacific, and Middle East and Africa. The market in Asia Pacific is expected to witness the fastest growth over the forecast period, owing to increasing production of LCD & LED screens in China and India. For instance, according to India Brand Equity Foundation (IBEF), in India the production of LCD TVs was valued at US$ 2.54 billion in 2015, which increased to US$ 3.3 billion in 2016. Increasing focus of producing thin products is also contributing to growth of the market. For instance, in 2016, Nitto Denko Company introduced new revolutionary Ultra-Thin Polarizers, which are thinner and more resistance to shrinkage applicable in LCD and organic EL (electro luminance) display devices.
Polarizing Film Market: Competitive Landscape
Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2018, Nippon Mektron, Ltd. acquired Nitto Denko (Suzhou) Co., Ltd., to improve its market standing in China.
Major players operating in the global polarizing film market include, Fusion Optix, Gamma Optical Co., LTD., Kolon Industries Inc., Nitto Denko Corporation., Ltd., 3M Company (US), and DowDuPont, EFUN Technology Co., Ltd, Samsung SDI Co. Ltd., and others.
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Market Taxonomy
On the basis of product type, the polarizing film market is segmented into:
- LCD displays (Liquid-Crystal Display)
- OLED displays (Organic Light-Emitting Diode)
On the basis of technology, the polarizing film market is segmented into:
- Super Twisted Nematic (STN)
- Thin Film Transistor (TFT)
- Twisted Nematic (TN)
On the basis of application, the polarizing film market is segmented into:
- Television
- Monitor
- Laptop Notebook
- Mobile Phones
- Others
Based on region, calcium chloride powder anhydrous market is segmented into:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Polarizing Film Market Is Likely to Experience a Tremendous Growth in Near Future