Reflective polarizing films are key optical solution to control polarization. It helps in transmitting the needed polarization state while reflecting. The global reflective polarizing films market was worth US$1230 mn in 2018 and the report suggests that the market will reach US$1560 mn by 2025 at a robust CAGR of 3.4%.
The team of QY Research analysts has published a detailed report of the market, titled “Global Reflective Polarizing Films Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Reflective Polarizing Films Market: Drivers
The reflective polarizing films are currently in demand due to the high use of LCD displays. These films are an integral part of LCD display production. The demand of reflective polarizing films is continuously increasing as LCD displays are being extensively used in the television screens, laptops, tablets, car displays, and others. Technological advancements in LCD features and increase in R&D activities have augmented the growth of the global reflective polarizing films market. Different camera lenses require reflective polarizing films to add better features, which is expected to help the market grow in the coming years.
Global Reflective Polarizing Films Market: Segment Analysis
The global reflective polarizing films market is segmented on the basis of type and application. In terms of type, the market is segmented into single layer and multi-layer. In terms of application, the market is segmented as cameras, LCDs, and others. The camera and LCD displays are fueling the global growth of the reflective polarizing films market.
Global Reflective Polarizing Films Market: Regional Analysis
On the basis of region, the global reflective polarizing films market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. The polarizing films market is expanding at a rapid pace in North America and Europe. Asia Pacific, on the other hand, showing steady growth as is expected to be the key manufacturer and consumer in the coming years. The growing demand for electronic gadgets in the developing economies of India and China is expected to boost the regional market in the coming years.
Global Reflective Polarizing Films Market: The Key Players
The key players studied in the global reflective polarizing films market are Shinwha, 3M, Zeon Chemicals, DuPont Teijin, MNTech, and SKC. The reflective polarizing films market is relatively concentrated, characterized by intense competition.
Companies are expected to look at achieve energy efficiency through better product development in the coming years. For instance, 3M is promoting OnePol Reflective Absorbing Polarizer to simplify design, reduce system cost, and achieve greater energy efficiency by improving brightness. The efficacy of the new product will add to the current trend for energy saving and lowering the cost of the product to attract consumers. Such technologically sound features will help companies to keep its ground solid amid tough competition.