The Asia Pacific Electronic Films Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027).
The consumer electronic market is connected to the electronic films market. The market is growing due to the increasing trend of digitalization in the emerging market. The demand for display devices would be boosted by the growing penetration of the Internet of Things (IoT) by industries, government institutes and academic institutes. The investment in huge infrastructure projects such as intelligent transportation and smart cities is creating new growth avenues for the growth of the electronic films market. There has been a visible transition of electronic devices due to a decrease in electronic prices and the adoption of superior technology devices. Moreover, there is a rapid growth in the adoption of electronic film-based products due to transitions in technology, like rolling out of 4G/LTE and 5G networks.
In the Asia Pacific, countries like China, South Korea, Japan, and Taiwan are the top producers of electronics. China, Japan, and South Korea dominate the worldwide electronics and LCD display market in terms of volume and revenue. Due to its low production costs, Hong Kong is one of the major exporters of electronics in the Asia Pacific, according to the International Trade Centre.
The high adoption rate of the technology-advanced solutions in this region is one of the key aspects propelling the regional growth of the electronic films market. In addition, the growing population of tech-savvy consumers along with the high spending of customers on advanced consumer goods would contribute to the surging growth of the regional market.
Moreover, several manufacturers are increasingly using these films in their products due to their wide range of features. Along with that, the growing e-commerce industry in this region is supporting the demand for electronic goods. This will further lead to the increasing demand for electronic films in the region. All these aspects are estimated to surge the growth of the regional electronic films market.
The China market dominated the Asia Pacific Thin (Up to 1 μm) Electronic Films Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $490.7 million by 2027. The Japan market is showcasing a CAGR of 8.6% during (2021 - 2027). Additionally, The Taiwan market is poised to grow at a CAGR of 10% during (2021 - 2027).
Based on Film Type, the market is segmented into Non-Conductive and Conductive. Based on Material, the market is segmented into Polymer, ITO on Glass, Metal Mesh and Others. Based on Thickness, the market is segmented into Thick (More than 1μm) and Thin (Up to 1 μm). Based on Application, the market is segmented into Electronic Display, PCB, Wire & Cable, Smart Buildings and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Electronic Films Market is Projected to reach USD 11.9 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Saint-Gobain Group, TDK Corporation, 3M Company, Daikin Industries, Ltd., Mitsubishi Chemical Holdings Corporation, Toray Industries, Inc., Eastman Chemical Company, Nitto Denko Corporation, Dontech, Inc., and Canatu Oy
By Film Type
By Material
By Thickness
By Application
By Country
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