Electronic films market growth is projected to grow at 6.3% CAGR during the forecast period 2022-2030 and was valued at USD 7.98 Billion in 2018. Electronic films, simply put, are high-performance films that protect electronic devices as well as improve their durability and performance. Owing to its alluring features such as optical transparency, excellent chemical resistance, and high insulation, electronic films have wide use in the electrical and electronics sector.
Numerous factors are adding to the electronic films market growth. These factors, according to the recent MRFR report, include constant development of printed circuit boards, rapid technological advances in electronic films, growing demand for high-performance polymer films in various electronic applications and increasing use in the electronics industry for manufacturing touch panel displays, tablets, and smartphones. This is attributing to the rising consumer demand for LCD and LED touch panels.
On the contrary, high processing costs may hamper the electronic films market growth growth during the forecast period.
The MRFR report provides an all-inclusive segmental analysis of the electronic films market growth based on application, film type, and material.
By material, the electronic films market growth is segmented into metal mesh, ITO, polymer, and others. Of these, the polymer segment will lead the market during the forecast period for being flexible and cost-effective. Polymer can address the unique combination of withstanding extreme temperature and mechanical stability.
By film type, the electronic films market growth is segmented into copper films, TCFs, PTFE, PFA, ETFE, PET, and others. Of these, the ETFE segment will dominate the electronic films market growth over the forecast period for its increasing use in electronic displays for solar cells.
By application, the electronic films market growth is segmented into semiconductors, PCBs, electronic display, and others. Of these, the electronic display segment will have a major share in the market during the forecast period for the growing demand for high-temperature resistance and conductive properties.
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By region, the electronic films market growth report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), the Middle East and America (MEA), and Latin America. Of these, the APAC region will spearhead the market over the forecast period for the growing demand for white brown goods and rapidly expanding electronics industry. China, followed by India, are the key contributors in the region as they are the highest consumers of electric films owing to increased disposable income and increasing population. Besides, innovations in electronic films are also adding market growth.
The electronic films market growth in North America is predicted to have substantial growth over the forecast period for the rise in electronics exports from Canada and the US and the increasing demand for electronic adhesives in the electronics telecommunication industry. Besides, industry players are focusing on production capacity expansion that is contributing to the market growth.
The electronic films market growth in Europe is predicted to have significant growth over the forecast period for the increasing use of such films in the automotive industry especially vision systems and engine status displays. Russia, France, and Germany are the key contributors in this region.
The electronic films market growth in the MEA and Latin America will have healthy growth over the forecast period for the increasing disposable income and growing electronics industry.
Notable players profiled in the electronic films market growth report include Eastman Chemical Company (US), 3M (US), The Chemours Company (US), Gunze (Japan), SABIC (Saudi Arabia), Nitto Denko Corporation (Japan), Coveris (US), Saint-Gobain (France), DuPont (US), and TORAY INDUSTRIES, INC. (Japan).
February 2020: Researchers at MIT have come up with a new process, remote epitaxy, for making stretchy electronic films for different uses.
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