December 1, 2021 08:41 ET | Source: Research Nester Research Nester
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New York, December 1, 2021 (Global News Agency)-The World Bank stated in one of its statistics that by the end of 2020, the global population will reach 7.753 billion, up from 6.922 billion in 2010. In addition, according to statistics from the United Nations Conference on Trade and Development (UNCTAD), the global urban population increased from 3.901 billion in 2014 to 4.3 billion in 2019, and is expected to increase to 6.656 billion by the end of 2019. In 2050, statistics also show that by the end of 2050, the urban population of developing economies is expected to grow to 5.458 billion, while the urban populations of transition economies and advanced economies are expected to reach 234 million and 965 million, respectively. .
Research Nester recently released a report titled "Global Polymer Dispersed Liquid Crystal (PDLC) Market", which focuses on the forecast period, 2022-2030. The report includes a brief analysis of the major market participants and their strategies to stay ahead of the competition. In addition, the report also uses different statistical tools to analyze different market parameters to help business owners make key decisions about their business.
The global growing urban population is driving demand for residential and commercial complexes in urban areas. Therefore, the construction industry has witnessed a surge in investment in new building construction in recent years. In addition, the number of buildings under construction has also increased significantly. For example, according to the Pradhan Mantri Awas Yojana-Urban plan of the Government of India (GoI), as of August 23, 2021, about 5 million houses have been constructed and delivered to Indian residents. In addition, the government's investment in the same period was approximately 24.575.5 billion U.S. dollars. Polymer dispersed liquid crystal (PDLC) films are widely used in glass windows because these films can limit the amount of light passing through the glass plate. As the number of buildings under construction increases, the demand for these films is expected to increase, thereby driving market growth. The global polymer dispersed liquid crystal (PDLC) market will have a revenue of 572 million U.S. dollars in 2020, and it is expected that by the end of 2030, the revenue will reach 1,797.8 million U.S. dollars, a period of growth at a compound annual growth rate of 12.5% during the forecast period.
Due to the ever-increasing technology spending in smart cities, the market is expected to grow, and it is expected to be close to US$190 billion by the end of 2024. In addition, with increasing adoption, the increasing use of these films in solar panels is expected to create countless opportunities for market growth in the global number of solar panels. According to statistics from the International Renewable Energy Agency (IRENA), the total global installed solar photovoltaic capacity has increased from 40,287 MW in 2010 to 707,494 MW by the end of 2020, while the total installed capacity of solar thermal has increased from 1266 MW over the same period To 6475 MW.
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In addition, during the forecast period, investment in research and development of advanced materials continues to increase, which is also expected to drive market growth. According to the statistics of the Organization for Economic Cooperation and Development (OECD), the proportion of domestic R&D expenditure in GDP in OECD countries has increased from 2.252% in 2010 to 2.475% in 2019.
The global polymer dispersed liquid crystal (PDLC) market is divided into five main regions by region, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among the markets in these regions, the North American market has the highest market share during the forecast period, and is expected to reach the largest market revenue of US$747.1 million by the end of 2030, which is higher than the US$225.9 million in 2020. During the forecast period, the market in this region is expected to grow at a compound annual growth rate of 13.1%. The market in this region is divided into the United States and Canada by country. Among them, the U.S. market is expected to gain the highest market share during the forecast period and will further achieve market revenue of US$217 million by the end of 2021. Alternatively, the Canadian market is expected to grow at a maximum compound annual growth rate of 14.4% during the forecast period.
In addition, the European polymer dispersed liquid crystal (PDLC) market is expected to occupy the second largest market share throughout the forecast period, and will further achieve the largest market revenue of 510.8 million U.S. dollars by the end of 2030, higher than last year's 177.3 million U.S. dollars. 2020. Among the countries in the region, the German market is expected to occupy the highest market share and grow at the highest compound annual growth rate of 12.2% during the forecast period. The German market's revenue in 2020 is 38.4 million U.S. dollars and is expected to reach 117.6 million U.S. dollars by the end of 2030.
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The study further included North America (U.S., Canada), Latin America (Brazil, Mexico, Argentina, other parts of Latin America), Europe (UK, Germany, France, Italy, Spain, Hungary, Benelux [Belgium, Netherlands, Luxembourg] ], Northern Europe [Norway, Denmark, Sweden, Finland], Poland, Russia, rest of Europe), Asia Pacific (China, India, Japan, Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, other Asia Pacific), Middle East and Africa (Israel, Gulf Cooperation Council [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Middle East and other parts of Africa)).
The global polymer dispersed liquid crystal (PDLC) market is divided into laminated PDLC, self-adhesive PDLC, etc. according to product types. Among them, the laminated PDLC market segment is expected to receive the largest market revenue of US$1.1607 billion by the end of 2030, and the compound annual growth rate during the forecast period is also the highest, reaching 12.7%. In North America, this sector received the largest market revenue of US$145.7 million in 2020 and is expected to grow at the highest compound annual growth rate of 13.3% during the forecast period, reaching US$489.4 million in contact revenue by the end of 2030. In the United States, this segment is expected to grow at the highest compound annual growth rate of 13.1% during the forecast period.
On the other hand, in Europe, the laminated PDLC segment is expected to grow at the highest compound annual growth rate of 11.7% during the forecast period, and will further reach US$328.3 million in revenue by the end of 2030. In addition, in Germany, this segment is expected to receive the largest revenue of USD 74.7 million by the end of 2030, while in the UK, the sector is expected to grow at the highest compound annual growth rate of 11.9% during the forecast period. This segment has the largest market revenue in 2020, at 16.8 million U.S. dollars, and is expected to reach 50.1 million U.S. dollars in market revenue by the end of 2030.
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The global polymer dispersed liquid crystal (PDLC) market is also subdivided into scattering PDLC, nano-PDLC, etc. by technology. Among these market segments, the fragmented PDLC market segment is expected to receive the largest revenue of US$1,027.4 million by the end of 2030, up from US$330.4 million in 2020. In North America, the nano-PDLC market segment is expected to grow with the highest compound annual growth rate of 13.4% during the forecast period, and the scattering part is expected to receive the largest market revenue of US$424.3 million by the end of 2030. At the same time, in the United States, the scatter segment will receive the largest market revenue of 113.4 US dollars in 2020 to reach 1 million. On the other hand, in the Asia-Pacific region, the fragmented PDLC segment is expected to receive the largest revenue of US$230 million by the end of 2030, growing at a CAGR of 14.2% during the forecast period. In India, the nano-PDLC segment is expected to grow at the highest compound annual growth rate of 16.2% during the forecast period, while in China, the fragmented PDLC segment is expected to receive the largest market revenue of US$108.1 million by the end of 2030, rising In 2020, it will be 28.6 million U.S. dollars.
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The global polymer dispersed liquid crystal (PDLC) market is also segmented according to applications and end users.
Global polymer dispersed liquid crystal (PDLC) market, segmented by application
Global polymer dispersed liquid crystal (PDLC) market, segmented by end user
Our report includes some well-known industry leaders in the global polymer dispersed liquid crystal (PDLC) market are DMDisplay CO., LTD., Polytronix, Inc., EB Glass, Rayno, Gauzy Ltd, IRISFILM Corp., Magic Film, United Glass , Zhiyuan Building Materials Co., Ltd., Inno Glass Technology (Qingdao) Co., Ltd., etc.
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