Report Overview

The TAC Film Market size is expected to be worth around USD 10.77 billion by 2032 from USD 5.58 billion in 2022, growing at a CAGR of 4.7% during the forecast period from 2022 to 2032.

The TAC film is used in several electronic product applications, enhancing market demand. TAC (Triacetate Cellulose) is a biochemical element prepared from acetic anhydride and cellulose. It has exceptional transparency, good mechanical strength, low birefringence, highly enhanced UV cutting performance, and moisture reabsorption properties.

Due to its high light transmittance, great curling characteristic, low birefringence, homogeneity, and high moisture permeability TAC is also used as a polarizing plate protective film and photographic film. Because of this, it is repeatedly used as an optical compensating film for liquid crystal displays (LCD). The TAC film plays an active part in polarizer protection and optical adjustment of LCDs by using regulated birefringence. By stretching, the in-plane birefringence can be reformed, while the TAC film’s out-of-plane birefringence can be organized with the help of additives. The TAC film can be coated with a discotic substance adding an optical correction layer.

Global TAC Film Market Scope:

Thickness Type Analysis

Based on its thickness, the largest market share of the TAC films is held by thicknesses ranging from 50 to 80 m segments. Due to increasing awareness concerning advantageous chemical compounds and physical properties such as resistance to extreme temperatures, impact-resistant, high thermal stability, glossy surface, high dielectric constant, resistance to toxic chemical environments, resistance to grease, oil, aromatic hydrocarbons, common solvents, and high optical clarity, drives the industry trends for this segment.

Application Analysis

The largest share of the TAC film market is held by dialysis reverse osmosis, as they were commonly used in water purifiers. The surface of cellulose acetate membranes with excellent hydrophilicity is resilient to dirt and can preserve high permeability. Several water purification plants that create high-grade drinking water have adopted The “Cellulose acetate hollow fiber ultrafiltration membrane module.” This membrane is also used for recycling wastewater. The reused dialysis RO system is considered one of the dynamic drinking water sources for regions where water is limited or dirty. The current trends in water purifiers will drive the demand for TAC Films.

Key Industry Segments:

By Thickness Type

• 30-40M
• 50M -80M
• 80M-270M

By Application

• Liquid Crystal Display (LCD)
• Dialysis & Reverse Osmosis
• Photographic Film
• Ion Sensing & Separation

Market Dynamics:

Drivers

The countries with sea borders need purifiers for water purification, due to which the demand for RO purifiers is rising. This will drive the market growth for TAC Films. Moreover, the increasing need for dialysis & reverse osmosis in water purification plants and wastewater filtration and purification is likely to generate higher demand for TAC films. The TAC film market application is estimated to be considerably driven by the emergence of Liquid Crystal Display (LCD), which is one of the key elements driving demand for TAC films. Using TAC films as a protecting film for polarizing plates in electronic devices is a growth factor towards artificial intelligence and IoT (Internet of Things).

Restraints

Some unfavorable factors could hamper the global TAC film market growth. TAC films cannot be reused, and they are not eco-friendly, so growing implementation of sustainable and environmentally friendly products, as well as putting into practice strict government laws, could hamper the growth of TAC Films. Additionally, changing raw core material charges such as cellulose and the availability of substitutes could hinder market revenue growth.

Opportunities

A growing focus on environmentally friendly films and evolving low-cost is likely to generate profitable revenue and business development opportunities for major players functioning in the global market. Moreover, concentrating on decreasing OCB’s optical response time, creating its potential as a future generation LCD-TV, and accomplishing superior OCB viewing angle properties and durable on-axis contrast ratio, are projected to drive revenue growth. TAC film technologies enable the development of various optical compensating films for all LCD modes.

Regional Analysis

Asia Pacific is estimated to account for the largest revenue share of 37.4% for the TAC film market. This can be attributed to the existence of key manufacturers of electronic devices, with the wide range of increasing use of TAC films in electronic products such as laptops, LCD televisions, navigation systems, and cell phones, in automobiles. During the forecast period, among regional markets, it is projected that North America would contribute to revenue growth in 2022. This is due to the technological developments in products and production systems and increasing market demand for TAC films from several end-use industries operating in countries in the region. In Europe, the TAC Film Market intelligence is likely to record a vigorous revenue growth rate during the forecast period due to the existence of key players in countries in the region and the increasing need to purify water for drinking and to treat wastewater from industries.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Acquisitions/Technology Launches

In January 2020, Fujifilm Holdings developed VA Film, a TAC-based color film that can widen the contrast viewing angle and the hue viewing angle for LCDs (VA mode). It is mainly used in large-sized TVs.

The president saw that “Fujifilm technologies could be adapted for emerging markets such as pharmaceuticals, cosmetics, and highly functional raw materials.” For instance, the company was able to predict the boom of LCD screens and invested heavily in this market.

Market Share & Key Players Analysis:

The following are some of the most prominent international market players in TAC Film markets.

• Fujifilm Global Graphic Systems Co., Ltd.
• SK Innovation Global Technology
• Island Polymer Industries GmbH
• Catalina Graphic Films, Incorporated
• Hyosung Corporation
• TacBright Optronics Corp
• Zeon Corp.
• Konica Minolta, Inc.
• Cayman Chemical
• China Lucky Film Group Corporation
• Lucky Group Corporation
• Other Key Players