Electronic Films Market: – Electronic films assign to coating & laminating of films, papers, and foils in the electronics industry. These are used to protect electronic devices & improve the clearness of the device screen. It offers many advantages like chemical resistance, fouling resistance, optical transparency, low coefficient of friction, conductivity, optical transparency, UV & weather resistance, high-temperature tolerance, moisture resistance, non-flammable properties, high insulation, low dielectric constant and many more.
According to study, “Global Electronic Films Market Research Report” some of the major companies that are currently working in the global electronic films market are DowDuPont, Nitto Denko Corporation, Gunze, Toray Industries Inc., 3M Company, TDK Corp., Toyobo Co. Ltd., Saint Gobain S.A., Teijin Ltd., The Chemours Company, Covers, Eastman Chemical Company, SKC Inc., Mitsubishi Chemical Holdings, Daikin, C3 Nano, O-film Tech Co Ltd., Oike& Co. Ltd., Dontech Inc., CanatuOy, SABIC.
Based on the film type, the electronic film’s market is segmented into conductive and non-conductive films. Conductive films are generally used as optical or visual films in the display of electronic devices for instance smart-phones, wearable devices, displays, notebooks, tablets, and others (desktop PCs& monitors). Based on the material type, the market is segmented into indium tin oxide (ITO) on the glass, ITO on polyethylene terephthalate (PET), polymer, carbon nanotubes, silver nanowire, metal mesh and others (micro-fine wire & poly (3,4-ethylene dioxythiophene) or PEDOT). Based on the application, the market is defined as printed circuit boards (PCB), photovoltaic, wires & cables, electronic display, and semiconductors etc.
The increasing demand for the electronic files for the electronic displays such as a smartphone, laptop, tablet pc, a vehicle display, and industrial touch panel display adding a key opportunity for the growth of the market. The technology developments further offer conductive and protective films projected to push the demand in the coming years. The electronic films are demand is also developing due to the preference touch LCD panels, adoption of smartphones with touch-sensitive display for different applications with the use of high-performance properties of polymer-based electronic films. Some of the major restraints associated with manufacturing cost include high technology development and the manufacturing cost of the electronic films, difficulty in processing and high variability in prices of ITO. Some of the other opportunities to impact the market include the development of PCBs with the continuous development of the products.
Asia-pacific is the leading region in terms of market share primarily due to the high demand for customer electronics and a high economic growth rate. North American region is expected to register a higher growth rate or CAGR over the predicted period 2018-2025 as a result of the increasing volume of electronic film consumption and rising population. Moreover lucrative opportunities from automotive electronics, medical device electronics, and defense and aerospace electronic equipment further estimated to push the demand over the forecast period. In 2018, Electronic Films Market was valued almost US$7.53 billion and is estimated to grow fast during the anticipated period.
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Ankur Gupta, Head Marketing & Communications