Polymer Dispersed Liquid Crystal (PDLC) Film Market Size, Share, Growth, and Industry Analysis, By Type (Encapsulation & Phase Separation), By Downstream Industry (Switchable Glass, Digital Clocks, Cell Phones, Gas Pumps, & Other) and Regional Forecast to 2032

Updated On: 02 September 2024

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POLYMER DISPERSED LIQUID CRYSTAL (PDLC) FILM MARKET REPORT OVERVIEW

The global Polymer Dispersed Liquid Crystal (PDLC) Film Market size was USD 90.11 million in 2023 and the market is projected to touch USD 625.91 million by 2032, exhibiting a CAGR of 21.39% during the forecast period.

PDLC film is a technologically advanced material. It comprises micro droplets of liquid crystal dispersed in a polymer matrix. These droplets scatter light and make the opaque film in absence of electric field. The application of an electric field, the liquid crystal aligns and allows light to pass through making the film transparent. The versatile film finds extensive use in privacy glass, electronic displays, projection screens, and smart windows, and others.

Improvement in materials science and manufacturing methods is bettering the performance and effectiveness of PDLC devices and is boosting the market. Evolution of technology such as smart features is offering numerous chances to grow market expansion in the coming future.

COVID-19 Impact: Market Growth Unstable by Pandemic due to Supply Chain Interruption

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Due to the sudden lockdown worldwide and closure of many corporate sectors had reduced demand for products. Disruption of supply chain has affected raw material shortage and its late delivery has hampered the market growth. The financial insecurity has reduced consumer unnecessary spending and decreased demand for PDLC devices. Conversely, increasing work from home has increased demand for e-learning and has propelled the market growth. This increased acceptance of smart glass technologies to increase the growth of the PDLC devices market post-COVID-19. Therefore, businesses and educational institutions continue to clinch digital transformation and flexible arrangements.

LATEST TRENDS

"Shift towards Higher Demand for Smart Glass Solutions are Impelling Market Growth"

Current trend in the PDLC devices industry is going on which is impelling the market growth is a shift towards higher demand for smart glass solutions in various sectors such as automotive, construction, and electronics. This surge in demand is increasing focus on energy efficiency, sustainability, and user comfort. In addition, evolution in technology has supported the development of more sophisticated PDLC devices that ensures better functionalities and customization options.

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POLYMER DISPERSED LIQUID CRYSTAL (PDLC) FILM MARKET SEGMENTATION

By Type

Based on type the market can be categorized into encapsulation & phase separation.

• Encapsulation: It is the first method for the production of PDLCs which requires the liquid crystal, polymer, and water be mixed in a solution.
• Phase Separation: In this technique for manufacturing of PDLC films, first a homogeneous mixture of polymer and liquid crystal is produced. The liquid crystal droplets are then formed by the separation of the two phases.

By Downstream Industry

Based on downstream industry the market can be categorized into switchable glass, digital clocks, cell phones, gas pumps, & other.

• Switchable Glass: It is a thin sheet that can toggle from transparent to opaque and vice versa by passing an electric current.
• Digital Clocks: These clocks are using such types of films which provide a smart mirror and windows.
• Cell Phones: The smartphones are highly using these films for displays and touch-screens.
• Gas Pumps: In gas pumps, the films are used to display the rating and the prices on the device.
• Other: There are other application areas where the device is used such as medical industries.

DRIVING FACTORS

"Rapid Technological Advancements Propel Market Growth"

One of the attributes for the Polymer Dispersed Liquid Crystal (PDLC) Film Market growth due to continuous innovations in the field of smart materials and nanotechnology have significantly improved the properties of PDLC films. These advancements have encouraged the adoption of PDLC films in various industries. Furthermore, the demand for energy-efficient technologies has increased growing environmental concerns. PDLC films offer a sustainable solution by reducing the need for artificial lighting and air conditioning which is leading to energy saving. These factors are impelling the demand for the products and rising market progress. 

"Increasing Focus on Aesthetics and Functionality Encouraging Market Growth"

Another growing factor for increasing market growth is increasing demand for enhanced products by the end consumers. The architectural and interior design industries are implementing this type of film to improve the aesthetics and functionality of spaces. The ability of these films to change opacity at the flick of switch has grabbed the attention from designers and architects. Additionally, PDLC films find application in diverse industries including automotive, aerospace, healthcare, and construction. The expansion of application span is stimulating market growth.

RESTRAINING FACTOR

"Complex Manufacturing Process Impeding Market growth"

The limiting factor for the market expansion is the complex manufacturing process for making the product. The manufacture of PDLC films involves complex manufacturing procedures which can increase production cost and limit their extensive adoption. Presence of alternative technologies such as electro chromic and suspended particle device films creating tough competition. The availability of alternatives becomes a problem for the PDLC film market. Furthermore, the lack of knowledge about PDLC films and their advantages in some regions are impeding market progress.

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POLYMER DISPERSED LIQUID CRYSTAL (PDLC) FILM MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates the Market due to Growing Implementation of Smart Glasses"

The North America region is dominating the Polymer Dispersed Liquid Crystal (PDLC) Film Market share owing to the growing approval of using PDLC films in the region. The presence of technically advanced industries is heightening demand for such glasses which are boosting the market expansion. The increasing investment in research and development activities for improving the product for catering customer’s requirements for energy-efficient solutions in the region is propelling the market growth. Europe is also growing fast by focusing on sustainability and environmental conservation. The region’s stringent regulation promotes effective solutions and is providing opportunities for market growth. The Asia-Pacific is experiencing considerable market development because of the rapid industrialization and urbanization. China, Japan, and India are major contributors to the market expansion due to rising construction and electronics industries in these countries.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Asset Appraisal Service Landscape through Innovative Solutions and Business Strategies"

Many prominent industry players are operating in this market focused on offering innovative solutions and advanced technologies. The companies are offering enhanced performance, durability, and functionality to be in the market. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• DMDisplay (Korea)
• IRISFILM (Taiwan)
• Qingdao QY Liquid Crystal (China)
• Polytronix (U.S.)

INDUSTRIAL DEVELOPMENT

September 2021: BMW and LG in a collaboration launched new products that use smart glass technology. The technology is developed by Gauzy, an Israeli company. The BMWi Vision Cellular is an all-electric vehicle developed for the circular economy.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global asset appraisal service market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.