QYResearch: Global Polarizing film market is expected to reach $13529.76 million by 2022

QYResearch


Polarizer Film or Polarizing film is made by dyeing film (mainly polyvinyl alcohol (PVA)) or by iodine being adsorbed onto its surface, then stretching and orientating it. This gives the film polarization characteristics that allow only light with a certain oscillation direction to pass through it. Furthermore, in order to secure mechanical strength of the film, backing materials such as a TAC film or a protective film is laminated to it. 

Polarizer Film industry is relatively concentrated, manufacturers are mostly in the Japan, Korea and China. Among them, Japan output volume accounted for more than 50.00% of the total output volume of global Polarizer Film in 2016. Nitto is the world leading manufacturer in global Polarizer Film market with the market share of 26.17%, in terms of sales, followed by Sumitomo. LG Chem and Samsung SDI.

Compared to 2015, Polarizer Film market managed to increase sales by 5.42 percent to 11520.93 million USD worldwide in 2016 from 10928.40 million USD in 2015. Overall, the Polarizer Film market performance is positive, despite the weak economic environment. 

According to QYResearch, The global Polarizer Film market is expected to reach $13529.76 million by 2022 from $12475.46 million in 2017, growing at a CAGR of 1.64% from 2017 to 2022. And market volume is expected to reach 604007 K Sq.m by 2022 from 490873 K Sq.m in 2017.

With the increasing in production capacity, expected that the Polarizer Film raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of Polarizer Film. 

There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. 

The average price of Polarizer Film will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and cost of raw materials. 

More Info: http://www.qyresearchglobal.com/goods-684130.html

This article was first released by QYResearch analyst, if reproduced, please indicate the source.

Marketing: sales@qyresearch.com 

Media Contact: press@qyresearch.com