Global Thin and Ultra-Thin Film Market report published by Accurize Market Research forecast that the global market is expected to reach $115.41 Billion by 2024; growing at a CAGR of 15.2% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Rising demand for consumer electronics, batteries and solar cells to drive the global market
Rising demand for consumer electronics, batteries, and solar cells, continuous investment in research and development by several major players, advancement in various leading sectors such as aerospace and defense, consumer durables, printing machinery and healthcare among others are some of the major factors driving the growth of global thin and ultra thin-film market. However, an increase in demand for thin and ultra-thin films is resulting in a hike in the prices of films. This factor is majorly inhibiting the growth of the global thin and ultra thin-film market. The trending concept of the internet of things with internet connectivity may create fruitful opportunities for the growth of the global thin and ultra thin-film market.
The thin and ultra thin-film market is segmented on the basis of end-user, technology, and geography. Based on end-user, the market is segmented as thin-film batteries, thin-film electronics, thin-film PV and others. The market is segmented by technology as printing, chemical vapor deposition (CVD), physical vapor deposition (PVD).
North America, Europe, Asia-Pacific and the Rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada, and Mexico. Europe covers countries like Russia, the U.K., Germany, France, Italy and the Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa, and the Middle East.
"Thin-film electronics accounted for the largest market share in the end-user segment", says Accurize
In the end-user segment, thin-film electronics accounted for the largest share in the market in 2017.
"Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize
Asia-Pacific holds a leading share in the market for thin and ultra-thin films and it is expected to continue the dominance. This is due to the electronics manufacturing boom in the region.
Top players in the market
Major companies operating in the market include the Hanergy Thin Film Power Group, Kaneka Corporation, Umicore Group, American Elements, Moser Baer India Pvt Ltd, Ascent Solar Technologies, Corning Corporation, E.I.Du Pont de Nemours and Company and China National Building Material Company Ltd among others. others.