The global demand for polarizing films rises significantly due to the high use of these films, especially in LCD displays. The increase in the environmental concerns owing to hazards caused by disposal of electronic products is expected to drive the polarizer film market during the forecast period.
Implementation of stringent government regulations in packaging is estimated to be a key driver of the polarizer film market. Similarly, the increase in demand for reflective polarizing films, especially in emerging economies, technological advancements, and the rise in R&D activities also fuel market growth.
Furthermore, the reflective properties offered by polarizing films propel the growth of the market. However, volatility in prices of raw materials is projected to be a key factor that hampers the market during the forecast period.
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However, factors such as easy availability of raw materials and introduction of cheaper substitutes are major factors that restrain the market growth.
Major industry players such as – Nitto, CMMT, Samsung SDI, Sumitomo, BenQ, LG Chem, SAPO, Sanritz, Optimax, Polatechno, SUNNYPOL, and Dongxu
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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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