No.3714
Global Polarizing Plates and Component Films Market: Key Research Findings (Latter Half of 2024)
Global Production Volume of Polarizing Plates in 2025 Forecasted to Rise to 612.15 million m2, 103.0% of Previous Year
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the global market of polarizing plates and their component films for the latter half of 2024 and found out trends by product type and future perspectives. This press release denotes our forecast for the global market of polarizing plate and component films.

Market Overview
The global production volume of polarizing plates in 2024 is expected to reach 594.3 million square meters, which is 105.3% of the preceding year (based on the shipment volume of manufacturers).
The polarizing plate market has been fueled by the demand for TV displays. Increased TV display production, driven by anticipated demand growth and concerns over potential inventory shortages due to major sporting events in the EU, such as the Paris Olympic & Paralympic Games and UEFA EURO 2024, has significantly contributed to the growth of the polarizer market in 2024. As a result, the global polarizer market saw continued top-line growth in both demand and production volume during the second and third quarters of 2024 (from April to September).
Despite a decline in the operation rate of TV monitor production in October, the utilization rate at Chinese TV display manufacturers rebounded to 80% in November. Furthermore, with front-loaded demand in preparation for tariff revisions and the Chinese government's policies aimed at boosting consumption, Chinese TV display makers are expected to maintain a stable utilization rate in 2025.
Future Outlook
The global polarizing plates market is forecasted to reach 612.15 million m2 in 2025, which is 103.0% of the previous year.
Due to the Spring Festival holidays in China, the utilization rate of display panel manufacturers is expected to decline briefly in January 2025. The pace of production ramp-up in February will depend on the duration of holidays, whether it lasts for 10 days or less, or extends to two weeks.
Additionally, with display production in China expected to grow in line with the Chinese government’s subsidies aimed at boosting consumption of electronic products such as smartphones, Chinese polarizing plate manufacturers are forecasted to maintain a stable utilization rate.
While some temporary demand is projected due to expected tariff increases in the U.S. and other countries, the absence of key market drivers, such as the Olympic and Paralympic Games or other major sporting events in Europe, raises concerns. Given that demand for TV displays may not be as strong as last year, the growth rate of the global polarizing plates market is expected to be lower than the previous year.
Research Outline
2.Research Object: Manufacturers of polarizing plates, retardation films, PVA protection films, and surface processed films
3.Research Methogology: Face-to-face interviews by our expert researchers (including online interviews), and literature research
About Polarizing Plate and Component Films Market
A polarizing plate is an optical filter that passes light that is polarized to specific direction and blocks waves of other polarization. Because polarizing plate is the major component used in every display, the polarizing plate and component films market is very likely to expand together with the rising display market. Polarizing plates and component films in this research refer to those polarizers for TFT-LCD, AMOLED and PM-VA (Passive Matrix Vertical Alignment) monitors, in addition to those for TN-LCD and STN-LCD. The polarizing plate and component films market size is calculated based on the production volume at manufacturers in 10,000 square meters.
<Products and Services in the Market>
Polarizing plates, major component films (retardation films, PVA protective films, surface-processed films, etc.)
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