Global Light Diffusion Materials Market- Type, Applications, Region, End user and Segment Forecast to 2027

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Global Light Diffusion Materials Market- Type, Applications, Region, End user and Segment Forecast to 2027

Increasing construction activities across the globe are projected to drive the global light diffusion materials market during the forecast period.

GlobalLight Diffusion Materials Market: Highlights

· A diffuser is an optical component with light-scatteringproperties, which placed in the path of the light source to reduce thesharpness of shadows and smoothen the illumination. Diffusers ensure uniformillumination by light-emitting diodes (LEDs) and hence, they are considered anintegral part of the total lighting system.

· High-brightness LEDs are intense-point sources of light thatcreate bright spots of concentrated light. Known as LED hotspots, these brightspots can be harsh on the human eye. Therefore, in order to provide glare-freeLED lighting, or to create wider viewing angles, designers often choose todiffuse the light emitted. This can be carried out by inserting thin films orsheets behind the lens, which not only help diffuse light transmission but alsoavoid unwanted glare.

· These thin films or sheets are largely used in applications suchas retrofit bulb diffusers, LED linear lighting (tubes), and luminaire lightcovers

Key Drivers of Global Light Diffusion Materials Market

· Increasing construction activities across the globe areprojected to drive the global lightdiffusion materials market during the forecast period. According toBureau of Labor Statistics, construction is likely to be the most rapidly growingindustry across the world by the end of 2020. Light diffusion materials areconsidered a preferred choice for use in various commercial buildings such asoffices and schools, as these materials distribute light evenly and provide awider viewing angle. Thus, with growth of the construction industry, the demandfor light diffusion materials is also expected to increase during the forecastperiod.

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GlobalLight Diffusion Materials Market, by Product

· In terms of product, the global light diffusion materials marketcan be segmented into polycarbonate (PC) sheets, acrylic sheets, polypropylene,and others

· The polycarbonate (PC) sheets segment is projected to accountfor a major share of the global light diffusion materials market by 2027

· Acrylic and polycarbonate (PC) are considered an ideal choice oflight diffusion materials by various LED manufacturers. These two transparentand engineered plastics are steadily replacing glass in LED applications, asthey have low absorption coefficient and they offer benefits in terms of designfreedom. However, in the competition to provide outstanding diffusion and lighttransmission, polycarbonate materials have outpaced acrylic solutions byproviding better durability and impact resistance.

· Polycarbonate solutions are said to be a breakthrough for LEDlighting manufacturers, as they can be tailored to the specific needs of anapplication through the compounding process, thereby achieving lighttransmission greater than 90%. They offer high clarity and purity andensure optimum light transmission.

· Expanding at a significant growth rate, the polypropylenesegment is expected to create significant incremental opportunity during theforecast period. Demand for other light diffusion materials is expected toremain moderate to high across different regions during the forecast period.

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Asia Pacific to be a Key Market for Light Diffusion Materials

· In terms of region, the global light diffusion materials marketcan be divided into North America, Europe, Asia Pacific, Latin America, andMiddle East & Africa. In Asia Pacific, the consumption of light diffusionmaterials is much higher than other regions. Strengthening of the constructionindustry in various parts of Asia Pacific is also expected to promote growth ofthe market in the region during the forecast period.

· Asia Pacific and Europe markets witness strategic initiatives,owing to their emerging and mature nature, respectively. Some of the factorsdriving the market in these regions are superior growth of end-use industries,amplified local production, and increased number of domestic players.

· In terms of demand, Asia Pacific holds the maximum share of theglobal light diffusion materials market, followed by North America and Europe.Increased usage of light diffusion materials for various commercialapplications, particularly in North America and Europe, is projected to fuelthe market in these regions during the forecast period.

· The market in Latin America and Middle East & Africa isestimated to expand at a moderate pace during the forecast period