Global Polarizer Film Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Polarizing film refers to an optical film, which lets light waves of a specific polarization pass and blocks light waves of other polarizations. This film is made up of polyvinyl alcohol (PVA). Its polarization characteristics allows only light with a certain oscillation direction to pass through it. Moreover, it is being used in liquid crystal display (LCD) panels, lenses, and optical filters. It is also used to convert a beam of light of undefined or mixed polarization into a beam of well-defined polarization, which is polarized light. The increasing growth of consumer electronics industry and growing usage as raw materials for the polarizer film are key factors driving the market growth.
The rising expansion of consumer electronics industry worldwide is contributing towards the growth of the Global Polarizer Film Market, as its widely used in panels of liquid crystal displays. For instance - as per Statista - as of 2023, revenue in the worldwide Consumer Electronics market is estimated at USD 1,103 billion, and as per projection, the market is expected to grow annually by CAGR of 2.17% between 2023 & 2027 to reach USD 1309.67 billion towards the end of 2027. Also, increasing demand for reflective polarizing films and stringent government regulations towards packaging of electronic products would create a lucrative growth prospectus for the market over the forecast period. However, the volatility in prices of raw materials stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Polarizer Film Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing demand for polarizer films in consumer electronics industry in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of consumer electronics industry as well as increasing penetration of leading market players in the region.
Major market players included in this report are:
- Nitto
- CMMT
- Samsung SDI
- Sumitomo
- BenQ
- LG Chem
- SAPO
- Sanritz
- Optimax
- Polatechno
Recent Developments in the Market:
- In July 2020, China-based Ningbo Shanshan announced the acquisition of LG Chem's polarizer business. Moreover, the company would raise USD 438 million in a share placement to fund acquisition of LG Chem's LCD polarizer business in China, Taiwan and South Korea.
Global Polarizer Film Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product Type, Contrast Type, Industry Vertical, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type
- Thin Film Transistor (TFT)
- Twisted Nematic (TN )
- Super Twisted Nematic (STN)
By Contrast Type
By Industry Vertical
- LCD Displays
- OLED Displays
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Polarizer Film Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Polarizer Film Market, by Product Type, 2019-2029 (USD Billion)
- 1.2.3. Polarizer Film Market, by Contrast Type, 2019-2029 (USD Billion)
- 1.2.4. Polarizer Film Market, by Industry Vertical, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Polarizer Film Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Polarizer Film Market Dynamics
- 3.1. Polarizer Film Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing growth of consumer electronics industry
- 3.1.1.2. Growing usage as raw material for the polarizer film
- 3.1.2. Market Challenges
- 3.1.2.1. Volatility in prices of raw materials
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand for reflective polarizing films
- 3.1.3.2. Stringent government regulations towards packaging of electronic products
Chapter 4. Global Polarizer Film Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Polarizer Film Market, by Product Type
- 6.1. Market Snapshot
- 6.2. Global Polarizer Film Market by Product Type, Performance - Potential Analysis
- 6.3. Global Polarizer Film Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
- 6.4. Polarizer Film Market, Sub Segment Analysis
- 6.4.1. Thin Film Transistor (TFT)
- 6.4.2. Twisted Nematic (TN)
- 6.4.3. Super Twisted Nematic (STN)
Chapter 7. Global Polarizer Film Market, by Contrast Type
- 7.1. Market Snapshot
- 7.2. Global Polarizer Film Market by Contrast Type, Performance - Potential Analysis
- 7.3. Global Polarizer Film Market Estimates & Forecasts by Contrast Type 2019-2029 (USD Billion)
- 7.4. Polarizer Film Market, Sub Segment Analysis
- 7.4.1. High Contrast
- 7.4.2. Low Contrast
Chapter 8. Global Polarizer Film Market, by Industry Vertical
- 8.1. Market Snapshot
- 8.2. Global Polarizer Film Market by Industry Vertical, Performance - Potential Analysis
- 8.3. Global Polarizer Film Market Estimates & Forecasts by Industry Vertical 2019-2029 (USD Billion)
- 8.4. Polarizer Film Market, Sub Segment Analysis
- 8.4.1. LCD Displays
- 8.4.2. OLED Displays
- 8.4.3. Others
Chapter 9. Global Polarizer Film Market, Regional Analysis
- 9.1. Polarizer Film Market, Regional Market Snapshot
- 9.2. North America Polarizer Film Market
- 9.2.1. U.S. Polarizer Film Market
- 9.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Contrast Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Industry Vertical breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Polarizer Film Market
- 9.3. Europe Polarizer Film Market Snapshot
- 9.3.1. U.K. Polarizer Film Market
- 9.3.2. Germany Polarizer Film Market
- 9.3.3. France Polarizer Film Market
- 9.3.4. Spain Polarizer Film Market
- 9.3.5. Italy Polarizer Film Market
- 9.3.6. Rest of Europe Polarizer Film Market
- 9.4. Asia-Pacific Polarizer Film Market Snapshot
- 9.4.1. China Polarizer Film Market
- 9.4.2. India Polarizer Film Market
- 9.4.3. Japan Polarizer Film Market
- 9.4.4. Australia Polarizer Film Market
- 9.4.5. South Korea Polarizer Film Market
- 9.4.6. Rest of Asia Pacific Polarizer Film Market
- 9.5. Latin America Polarizer Film Market Snapshot
- 9.5.1. Brazil Polarizer Film Market
- 9.5.2. Mexico Polarizer Film Market
- 9.5.3. Rest of Latin America Polarizer Film Market
- 9.6. Rest of The World Polarizer Film Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Nitto
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. CMMT
- 10.2.3. Samsung SDI
- 10.2.4. Sumitomo
- 10.2.5. BenQ
- 10.2.6. LG Chem
- 10.2.7. SAPO
- 10.2.8. Sanritz
- 10.2.9. Optimax
- 10.2.10. Polatechno
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption