The Global Electronic Films Market size is expected to reach $11.9 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period. Electronic films improve screen clarity by providing various advantages such as low coefficient of friction, optical transparency, chemical resistance, moisture resistance, conductivity, high-temperature tolerance, low dielectric constant, UV & weather resistance, high insulation, flammable properties, fouling resistance, and protecting electronic devices. These above properties of electronic films improve the durability of product and performance. Moreover, there are various applications like semiconductors, electronic display, and PCB’s which use these electronic films.
These applications like semiconductors, electric displays, circuit boards, and others use electric and electronic appliances as electronic film technology. An electronics film is commonly utilized in an electronic display application, due to its large surface area for excessive utilization of electronic films. Moreover, these electronic films are bifurcated into thin and thick films. Thick films are mainly used over a printed circuit board; therefore, the electronic film market is expected to provide massive growth opportunities during the forecast period.
The electronic film market has been badly impacted due to the covid-19 pandemic. In various regions, the production has been delayed due to the unavailability of skilled workers and raw material as there was partial and permanent lockdown which has eventually hampered the growth of the market. There has been an increase in the adoption of advanced electronic display and printed circuit board equipment of manufacturing and industrial sectors across the globe which has resulted in boosting the growth of the electric film market. Moreover, due to the covid-19 pandemic, the demand for electronic-based applications has been hindered.
There are various electronic films such as PET, ETFE; Copper films are highly required in the displays of tablets, smartphones, and other electronic devices. Moreover, PTE cells are also needed for electronic solar cell displays and to secure the optics from ecological aspects like dust, abrasion, or heat and to improve light transmission and reflectivity. The market is growing to the high demand for non-conductive films from manufacturers of PCBs, electronic displays, and semiconductors. There has been the deployment of 5G in china by 2020 and digital signage has been adopted which eventually results in increasing demand for electronic displays and PCBs.
Based on Film Type, the market is segmented into Non-Conductive and Conductive. Conductive films may increase the chances of accidental discharge and short circuits in the machinery. The demand for conductive electronic film is substantially increasing the demand for electronic displays.
Based on Material, the market is segmented into Polymer, ITO on Glass, Metal Mesh and Others. The largest segment is polymers, which are light and affordable. They also have the advantage of not being conductive. Other notable characteristics of these materials are high-temperature tolerance, low friction coefficient, and exceptional durability.
Based on Thickness, the market is segmented into Thick (More than 1?m) and Thin (Up to 1 ?m). The Thick (More than 1?m) market dominated the Global Electronic Films Market by Thickness 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 6.2 % during the forecast period. The Thin (Up to 1 ?m) market is expected to witness highest CAGR of 8.8% during (2021 - 2027).
Based on Application, the market is segmented into Electronic Display, PCB, Wire & Cable, Smart Buildings and Others. Electronic display captured the greatest market share for Electronic Films due to its vast application possibilities. The industry is being propelled by the increasing use of electronic display displays in advertising and billboards. Electronic Paper Display, OLED, LED, and QDLED are just a few of the new technologies that are expanding the growth of the market.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 7.2 Billion |
| Market size forecast in 2027 | USD 11.9 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 6.9% from 2021 to 2027 |
| Number of Pages | 266 |
| Number of Tables | 454 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Film Type, Material, Thickness, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Taiwan, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, Asia Pacific was the world's largest manufacturers of electrical and electronic equipment. Many advanced technologies in the field are dominated by countries like China, Japan, and South Korea. It was the greatest market for electronic films due to its enormous population and expanding middle class. The area is likely to continue to lead the worldwide market in the coming years and to be the largest market for this industry.
Free Valuable Insights: Global Electronic Films Market size to reach USD 11.9 Billion by 2027
The major strategies followed by the market participants are Mergers & Acquisitions. Based on the Analysis presented in the Cardinal matrix; 3M is the major forerunner in the Electronic Films Market. Companies such as Saint-Gobain Group, TDK Corporation, and Mitsubishi Chemical Holdings Corporation are some of the key innovators in the market.
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 Geography
The global electronic films market size is expected to reach $11.9 billion by 2027.
Millennium Technology boosting its demand are driving the market in coming years, however, high production cost have limited the growth of the market.
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.
The expected CAGR of the electronic films market is 6.9% from 2021 to 2027.
There has been an increase in the adoption of advanced electronic display and printed circuit board equipment of manufacturing and industrial sectors across the globe which has resulted in boosting the growth of the electric film market. Moreover, due to the covid-19 pandemic, the demand for electronic-based applications has been hindered.
The polymer segment held the biggest market share and would exhibit similar kind of trend even during the forecast period.
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