Electronic Film Market Size To Increase Significantly To 6.3%
New York, United States, August 9, 2021 (GLOBE NEWSWIRE) – Overview of Electronic Film Market:
According to a comprehensive research report from Market Research Future (MRFR), “Electronic films Marlet Information by Material, Film Type, Application and Region – Forecast to 2028”, The market is expected to grow at a significant CAGR of 6.3% from 2021 to 2028.
Main growth boosters:
The electronic film industry is expected to perform very well in the coming years, largely due to their increasing use in a variety of electronic display applications supported by their impressive properties including high chemical resistance, low coefficient friction, high temperature tolerance, conductivity, optical transparency, moisture resistance, UV and weather resistance, low surface energy, low dielectric constant, high insulation, to name a few. Electronic film technology is in high demand in the consumer electronics industry, with major applications in tablets and smartphones. The emerging trend of digitization in developing countries is also expected to drive the growth of the market in the coming years.
Over the years, LCD screens have seen tremendous demand in the commercial and residential sectors. Large-sized LCD screens boast of a larger area, which uses a large number of electronic films. Digital signage uses technologies such as LED and LCD in public spaces, retail stores, stadiums, restaurants and hotels. Digital signage, in turn, has noted significant demand due to the booming retail industry.
In addition, the display technology has been subjected to a number of changes, which has promoted the consumption of OLED / organic light emitting diode, QDLED / quantum dot light emitting diode, and EPD / electronic paper display technologies. These technical disruptions and the subsequent increase in demand for products are sure to create favorable avenues for the world market in the years to come.
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Well-known suppliers active in the industry are:
- The Chemours Company (United States)
- 3M (United States)
- Eastman Chemical Company (United States)
- DuPont (United States)
- Coveris (United States)
- TORAY INDUSTRIES INC. (Japan)
- Saint-Gobain (France)
- Nitto Denko Corporation (Japan)
- SABIC (Saudi Arabia)
- Gunze (Japan)
The electronic film industry is intensely competitive with many companies boasting of large-scale production facilities as several suppliers attempt to enter. Partnerships, new launches, acquisitions and mergers are the main strategies that vendors adopt to raise their rankings. For example, in April 2021, DuPont Interconnect Solutions, part of DuPont Electronics & Imaging, announced the result of its latest study which proved that Kapton ECRC polyimide film offers almost eight times the improvement over traditional polyimide films in terms of performance. ‘insulation of the conductors present in the traction. engines in the electric mobility market. The Kapton product is an integral part of the latest series of core resistant wire insulators from DuPont.
The massive manufacturing costs associated with indium tin oxide films could be a significant challenge for major manufacturers.
Browse the in-depth market research report (140 pages) on Electronic films: https://www.marketresearchfuture.com/reports/electronic-films-market-6984
COVID 19 analysis
The Covid-19 outbreak has posed a number of challenges for the electronic film industry as cases continue to rise. Financial losses suffered by different industries like construction, healthcare, packaging and more are holding back the growth of the market.
However, with the constant expansion of the e-commerce industry and the constant demand for smart phones and various other consumer electronics products, the electronic film market is expected to experience some respite in the coming period.
The materials considered in the report are ITO, wire mesh, polymer and others. Polymeric material is believed to occupy the highest position in the electronic film industry, as these materials are widely used in many applications including semiconductors, PCBs, and electronic display. Polymeric materials will see increased demand in the coming years, due to the upcoming 5G technology and the increasing use of PCBs in automotive electronics.
The different types of films covered in the market research are ETFE, PET, PTFE, PFA, copper films, TCF, etc.
The main applications of electronic films are semiconductors, PCBs, electronic display and others. Electronic signage is poised to become the leading segment over the next two years, thanks to the incredible increase in the use of large LCD screens in the residential and commercial sectors.
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The Asia-Pacific market has emerged as the leader over the years and is expected to register the highest growth rate between 2020 and 2027. The size of the electronic films market in the region is enhanced by the rapid expansion of the industry. consumer electronics associated with growing demand. for brown and white products in several emerging countries. China, followed by India, is one of the largest consumers of the electronic film market in the region, due to population growth as well as the drastic increase in consumers’ disposable income.
The second position is occupied by North America, as the demand for advanced electronic adhesives continues to increase in the telecommunications and electronics industry. In addition, the meteoric rise in exports of electronics products to Canada and the United States is also expected to strengthen the size of the market in the region. In addition, most of the players are focused on expanding their production capacity to meet the rapidly growing demand, thus contributing to the growth of business in the region.
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