The Electronic Films Market is expected to develop at a 5.80% CAGR over the forecast period.
Electronic films are high-performance films that shield electronic equipment while improving their performance and longevity. These films have a wide range of applications in the electrical and electronics industries due to their advantageous qualities such as high insulation, optical clarity, and superior chemical resistance. PET, ETFE, and copper films are used in electronic displays on smartphones, tablets, and other electronic devices. For example, PET (polyethylene terephthalate) films are used in solar cell electronic displays to protect the optics from environmental variables such as abrasion, dust, and heat, as well as to improve light reflection and transmission.
Marketing Segmentation
Market Research Future segments: The worldwide electronic films market has been split by material, film type, application, and geography.
The electronic films market is divided into four material types: polymer, indium tin oxide coated PET, indium tin oxide (ITO) coated glass, and metal mesh. In 2023, the indium tin oxide (ITO) coated glass segment dominated the market, accounting for 40.69%.
The electronic films market is divided into two segments based on film type: non-conductive films and conductive films. In 2023, the Conductive Films category led the market, accounting for 67.14%.
The electronic films market is divided into six segments based on application: electronic displays, printed circuit boards, semiconductors, printed electronics, insulators for electronic components, and others. In 2023, the Electronic Display segment led the market, accounting for 55.55%.
Regional Analysis
The electronic film market is divided into five regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. In 2023, Asia Pacific dominated the market, accounting for 34.27%.
Asia-Pacific dominates the electronic film market and is expected to have the fastest CAGR over the forecast period. This is due to the region's fast expanding electronics industry, as well as increased demand for white and brown goods. China, followed by India and other South-East Asian nations, is the largest customer in the electronic film industry due to rising population and disposable income among consumers.
North America had a significant market share in 2018. The increased need for electronic adhesives in the developed electronics and telecommunications industries, combined with considerable electronics exports from the United States and Canada, is likely to drive market expansion. Furthermore, prominent players are focusing on expanding production capacity to meet growing demand, which contributes to regional market growth.
Europe is also predicted to have considerable growth throughout the forecast period due to the widespread usage of electronic films in a variety of automotive applications such as engine status displays and vision systems.
Latin America and the Middle East and Africa are predicted to develop significantly during the projection period, thanks to a thriving electronics industry and rising disposable income in the regions.
Key Players
Some of the prominent players participating in the global market include Toray Industries, Inc. (Japan), DuPont (US), Saint-Gobain (France), Coveris (US), Nitto Denko Corporation (Japan), SABIC (Saudi Arabia), Gunze (Japan), The Chemours Company (US), 3M (US), and Eastman Chemical Company (US).
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