The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Electronic Films Market.
It was estimated prior to this unanticipated outbreak that the Electronic Films Market was expected to grow at a CAGR of 5.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Electronic Films are one of the major ingredients for protecting electronic devices and expand the clarity of the device screen. They provide conductive, dielectric, toughness coating, and reflective & antireflective properties to raise product performance and durability.
Electronic films are of different types, such as silver, copper, carbon/graphene, carbon nanotube, conductive polymer, that are used in various applications, such as electronic display, printed circuit boards (PCBs), semiconductors, wires and cables, etc.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the film type, the market is segmented as non-conductive and conductive films. The non-conductive film segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of electronic films in electronic display, PCBs, and semiconductor is the key driver for the dominance of the segment.
Based on the material type, the electronic films market is segmented as polymer, ITO on Glass, ITO on Pet, metal mesh, and others. The polymer segment dominates the market as the use of electronic films in various applications such as electronic display, semiconductors, and PCBs, is propelling the growth of the segment during the forecast period.
Based on the application type, the electronic films market is segmented as electronic display, PCB, semiconductors, and others. The electronics display segment dominates the market as there is a growing preference for large screen-sized LCDs. Large screen-sized LCDs have a larger surface area, and this leads to higher consumption of electronic films, also there is increased adoption of OLED (Organic Light Emitting Diode), QDLED (Quantum Dot Light Emitting Diode), and EPD (Electronic Paper Display) technologies, which are propelling the growth of the segment during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for electronic films during the forecast period, with China and Japan being the major countries with lucrative growth opportunities. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major electronic film manufacturers are-