The high use of polarizing films, particularly in LCD displays, has resulted in a significant increase in global demand for these films. This application segment is expected to grow in response to rising environmental concerns related to the hazards posed by the disposal of electronic products. The polarizing films market is expected to be driven by the implementation of stringent government regulations in packaging. Similarly, rising demand for reflective polarizing films, particularly in emerging economies, technological advancements, and increased R&D activities are all contributing to market expansion.
Furthermore, the market is being propelled by the reflective properties of polarizing films. However, raw material price volatility is expected to be a major stumbling block for the market during the forecast period. Market restraints include factors such as the easy availability of raw materials and the introduction of cheaper substitutes.
Because of the growing demand for LED displays and larger display sizes, the television segment is expected to remain the largest end-use market in the polarizer film market. The mobile phone segment is expected to grow the most during the forecast period, owing to rising smartphone demand in China, India, and other developing countries.
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