Thick Film Materials Market to experience an impressive growth of 5.2% during 2020-2025
January 31, 2020
Thick film materials market is likely to witness an impressive CAGR of 5.2% during the forecast period. Thick film materials are extensively used to manufacture photovoltaic cells, circuit boards, automotive parts, sensors, LTCC (Low-temperature co-fired ceramic), and other electronic components.
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Thick Film Materials Market Segment Insights:
By Product Type:
Based on the product type, the market has been segmented as conductor paste, resistor paste, dielectric paste, and others. The others segment dominated the market, which comprised polymer thick films, solar paste, and precious metal powder. It is estimated that conductor paste will have the second-largest market in the coming five years.
By Application Type:
Based on the application type, the market is segmented as circuit board, electronic components, LTCC, sensors, photovoltaic, automotive, and others. The photovoltaic segment is anticipated to lead the market during the forecast period.
By Region:
In terms of regions, Asia-Pacific is expected to remain the largest market for thick film materials in the coming five years. China will be the growth engine of the region. The market is driven by the increasing demand for electronic components, automotive, medical, and defense. North America and Europe are also estimated to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the thick film material manufacturers are Heraeus Holding, DuPont, Sun Chemical Corporation, Sumitomo Metal Mining Company, and Koartan.
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