The polymer‐dispersed liquid crystals (PDLCs) market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Increasing demand for innovative materials, majorly in the building and construction industry, is driving the PDLCs market. Its features, such as high thermal performance, high-speed binary operations, low absorption, and high extinction ratio, are further fuelling the market demand.
PDLCs are expensive compared to their counterparts, and they are likely to start degrading after five to six years of deployment and, hence, require heavy maintenance. The above factor is anticipated to restrain the PDLC crystals market.
As per the U.S Department of Energy's National Renewable Energy Laboratory (NREL), PDLC film application in building smart glass is considered to save up to 8% of a building's total energy consumption. The rising research activities to improve the film's durability are anticipated to provide profitable opportunities to market players.
The market is segmented on product into laminated PDLCs and self-adhesive PDLCs, out of which the demand for self-adhesive films is expected to rise significantly, as they are capable of changing their transparency in response to an electrical impulse. Self-adhesive films are commercially available in the kind of a roll and can be used in existing windows as per the desired size.
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to expansion of the automotive industry and robust foreign direct investment in various sectors such as consumer electronics and the building & construction industry in the region. North America follows the Asia Pacific, in terms of consumption of PDLC films, due to their increasing power generation, marine and aviation industries. The PDLCs market in Europe is expanding steadily due to the rising prominence of green energy initiatives, such as eco-friendly & green buildings. The Middle East & Africa, and Latin America continue to witness growth at a sluggish pace due to low product awareness.CLICK TO DOWNLOAD SAMPLE REPORT
The global polymer‐dispersed liquid crystals (PDLCs) market is further classified on the basis of region as follows:
Our in-depth analysis of the global polymer‐dispersed liquid crystals (PDLCs) market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing demand for materials in the building and construction industry and increasing usage due to its high performance are the key factors driving market growth.
The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.
High maintenance cost and high product cost are estimated to hamper market growth.
The market in Asia Pacific region will provide ample growth opportunities owing to the robust foreign direct investment in sectors such as consumer electronics and the building & construction industry.
The major players dominating the polymer‐dispersed liquid crystals (PDLCs) market are Anhui Noyark Industry Co., Ltd, DMDisplay CO,.LTD, Polytronix, Inc., Nippon Sheet Glass Co Ltd. and e-Chromic Technologies, Inc. among others.
The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product, application and region.
With respect to product, the self-adhesive films are expected to rise significantly during the forecast period, owing to their changing transparency in response to an electric impulse.
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