LGP (Light Guide Plate) in TVs is a transparent acrylic panel made from pure PMMA resin, on whose bottom face a dot matrix is printed or a line matrix is scratched. The light source is installed on its edge(s). It distributes the light coming from the light source evenly over the whole upper face of the acrylic panel.
Light guide plate is a key component of any backlit display. In this report, we focus on the investigation of light guide plates used in the TV industry. It should be noted that 1 MT LGP products contains about 200 pieces of plates while the plate size is around 1200*1200*3 mm.
As an important component of LCD backlighting panels, LGP (Light Guide Plate) in TVs is manufactured by injection molding or cut forming method. LGP is divided into two types according to the production process of light lattice: printing LGP and non-printing LGP. In 2015, printing LGP accounted for 61.25% of the total production, while non-printing LGP took for 38.72%.
In 2015, 41.12% LGP were used in the production of 30-50 inch TV. 33.59% were used in 50-80 inch TV, while the remaing 25.29 percent were consumed in smaller size (80 inch) TV.
Japan, Korea, Taiwan and China are the major production regions. Taiwan tooking 36.35% of the global production. Followed by China with 28.64 percent production market share, Japan with 16.30% and Korea with 11.19%. Mitsubishi Rayon is the world leader in this market with manufacturing factory in Japan and China. Chi Mei comes from Taiwan is the largest manufacturer, who occupied 19.26% market share in 2015.PMMA is the key raw material of LGP. Manufaccture like Mitsubishi Rayon, Chi Mei, Sumitomo, Asahi Kasei and Kuraray all have their own production line of PMMA, which promise their raw material source. The global LGP average price was 3861 USD/MT in 2015 and product profit margin was about 20.79%. Its price is forecasted to slowly decline in the recent years.
The LGP (Light Guide Plate) Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of LGP (Light Guide Plate) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading LGP (Light Guide Plate) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global LGP (Light Guide Plate) market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global LGP (Light Guide Plate) market for 2015-2027.
Key Companies
Mitsubishi Rayon
Chi Mei
Darwin
Fengsheng
Sumitomo
Asahi Kasei
Kuraray
Seronics
S-Polytech
GLT
Entire
KOLON
LGP (Light Guide Plate) Market by Type
Printed LGP
Non-printed LGP
LGP (Light Guide Plate) Market by Application
80 Inch TV
LGP (Light Guide Plate) Market by Region
United States
Europe
China
Japan
South Korea
Other Regions
LGP (Light Guide Plate) Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
At the same time, we classify LGP (Light Guide Plate) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the LGP (Light Guide Plate) market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the LGP (Light Guide Plate) market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the LGP (Light Guide Plate) market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the LGP (Light Guide Plate) market for the forecast period 2021 - 2027?
• What are the driving forces in the LGP (Light Guide Plate) market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the LGP (Light Guide Plate) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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