CINNO Research Industry Information. In order to strengthen the automotive display polarizing plate business, Sumitomo Chemical accepted Sanritz Polarizers`s “third-party targeted capital increase”, which has a rich track record in this area. In July, it incorporated Sanlizi under its ownership and held more than half of Sanlizi The goal is to expand the automotive market applications that are expected to grow.
Sumitomo Chemical and Nitto Denko are both advanced manufacturers of polarizing plates and have a high market share in the fields of LCD TVs and smartphone polarizing plates. Sumitomo Chemical has a relatively small track record in automotive, so it decided to cooperate with a subsidiary of Sanritz Polarizers.
In terms of area, compared with the overall display market, the current market size of automotive displays is still small. The automotive display requires high durability in high and low temperature environments, so related products will have higher added value and profitability. With the popularity of driverless cars, it is expected that the number of vehicles using cameras to replace rear-view mirrors will increase, which will promote the expansion of demand for on-board displays.
Fuji Economics mentioned in a market survey released in October 2018 that the automotive display market size in 2022 will increase by 68.0% from 2017 to 718.4 billion yen (about 43.104 billion yuan).
Sanritz Polarizers first released the polarizer of LCD calculator in 1973. The polarizer is an indispensable material for liquid crystal display. In order to make multilayer optical films overlap and display the most suitable characteristics on different displays, the production of polarizing plates needs to have a high degree of precision.