Research Nester published a report titled “Polymer Dispersed Liquid Crystals (PDLC) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global polymer dispersed liquid crystals (PDLC) market in terms of market segmentation by product type, technology, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global polymer dispersed liquid crystals (PDLC) market is anticipated to grow with a CAGR of 12.5% during the forecast period, i.e., 2022-2030. The market is segmented by product type into laminated PDLC, self-adhesive PDLC, and others, out of which, the laminated PDLC segment is anticipated to attain the largest market revenue of USD 1160.7 Million by the end of 2030 and also grow with the highest CAGR of 12.7% during the forecast period. The segment is also expected to hold the highest market share during the forecast period.
The global polymer dispersed liquid crystals (PDLC) market is estimated to garner a revenue of USD 1797.8 Million by the end of 2030, up from a revenue of USD 572.0 Million in 2020. Increasing focus on developing smart buildings, followed by the growing urbanization and the rising demand for affordable homes are some of the major factors anticipated to drive the market growth during the forecast period. The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America garnered the largest revenue of USD 225.9 Million in 2020, and is further projected to touch USD 747.1 Million by the end of 2030, backed by the rising demand for the product from different end-user industries.
Growing Urbanization and Rising Development in the Building & Construction Industry to Drive Market Growth
According to the statistics by the World Bank, urban population as a share of total population worldwide grew from 46.689% in the year 2000 to 56.15% in the year 2020.
The share of urban population around the globe is increasing at a rapid pace. Backed by the rising urbanization, there is a growing need amongst governments and business organizations to develop commercial infrastructure. As a result, the surge in the number of buildings being developed in the recent years, has grown significantly. PDLC films, which are used in glass windows of buildings, are used widely as these films have the properties of controlling temperature and light. Increasing use of facades in buildings, followed by the growing investments for the development of skyscrapers, are some of the major factors anticipated to drive the market growth.
However, the availability of substitutes, and the high cost of PDLC are expected to operate as key restraint to the growth of global polymer dispersed liquid crystals (PDLC) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global polymer dispersed liquid crystals (PDLC) market which includes company profiling of DMDisplay CO., LTD., Polytronix, Inc., EB Glass, Rayno, Gauzy Ltd, IRISFILM Corp., Magic Film, Unite Glass, Zhiyuan Building Materials Co., Limited, InnoGlass Technology (Qingdao) Co., Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global polymer dispersed liquid crystals (PDLC) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.