Electronic Films Market Projected to Reach US$ 13.80 billion by 2030

Electronic Films Market Snapshot

“From 2023 to 2030, the Electronic Films Market is projected to expand at a compound annual growth rate of 6.90%. It is anticipated to increase from USD 7.59 billion in 2023 to over USD 13.80 billion by 2030.”

Electronic films are thin layers or coatings made from electronic materials, such as metal oxides, polymers, or nanomaterials, that possess specific electrical, optical, or functional properties. They are used in electronic applications, such as displays, semiconductors, photovoltaics, and electronic components, to enhance performance, functionality, or protection.

These films are characterized by their thinness, flexibility, and conductivity or insulating properties, depending on the specific application. They play a crucial role in enabling the functionality of various electronic devices and technologies.

The expansion of the display industry serves as a significant driver for the electronic film market. The increasing consumer demand for high-resolution and immersive displays in devices like smartphones, tablets, televisions, and wearable devices fuels the need for advanced electronic films.

Technological advancements in display technologies, such as LCD, OLED, and flexible displays, drive the adoption of electronic films for improved visual quality, flexibility, and durability. Additionally, the emerging applications of displays in sectors like automotive, healthcare, advertising, and gaming create new opportunities for electronic films in these industries.

Furthermore, as the industry focuses on energy efficiency, electronic films play a crucial role in enhancing power management and reducing energy consumption in displays. Overall, the expansion of the display industry is expected to continue driving the growth of the electronic film market in the foreseeable future.

The cost of production serves as a significant restraint in the electronic film market. The production of electronic films, particularly those with advanced functionalities and properties, can be expensive.

The high production costs can limit the widespread adoption of electronic films, especially in price-sensitive markets. The cost factors include the materials used, manufacturing processes, and specialized equipment required.

The higher costs can make electronic films less competitive compared to alternative technologies or traditional materials. To overcome this restraint, manufacturers and researchers are continuously exploring cost-effective production methods, alternative materials, and process optimization to make electronic films more affordable and accessible to a wider range of industries and applications.

Advancements in healthcare devices represent a significant opportunity for the electronic film market. The increasing demand for remote patient monitoring, personalized healthcare, and non-invasive diagnostics creates a need for innovative electronic solutions.

Electronic films can play a crucial role in healthcare devices such as wearable medical devices, biosensors, and drug delivery systems. These films can enable flexible and conformable form factors, biocompatibility, and integration of sensors for real-time monitoring of vital signs, detection of biomarkers, and targeted drug delivery.

With the potential to enhance patient care, improve diagnostics, and streamline healthcare processes, the integration of electronic films in healthcare devices presents an attractive market opportunity for manufacturers and suppliers in the electronic film industry.

The COVID-19 pandemic had a profound negative impact on the electronic film market. Supply chain disruptions, including material shortages and transportation delays, had hindered production and increased costs. Reduced consumer spending due to economic uncertainty and shifting priorities led to decreased demand for electronic devices and, subsequently, electronic films.

Manufacturing and operational challenges, such as factory closures and workforce limitations, had further exacerbated the industry's difficulties. Uncertainty and hesitation in investments had hampered research and development and technological advancements.

Additionally, market volatility and intensified competition had put pressure on pricing and profit margins. Despite these challenges, the market is expected to recover as economic conditions stabilize and demand for electronic devices rebounds.

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Growth Drivers

Electronic film technology has become a critical component in consumer electronics due to high demand for printed circuit board (PCB) application-based mechanical support electronic components. This technology is used in circuit materials for devices like computers, tablets, and smartphones.

The market for consumer electronics has seen an initial increase in demand due to increased disposable income and global work from home initiatives. Although the current demand spike is expected to subside, telecom and remote work remain in high demand.

The adoption of smart building applications in commercial and residential sectors is increasing due to advancements in technology and high-speed internet. Electronic film technology, including lighting, air conditioning, ventilation, and smart windows, is expanding in these sectors.

The global development of digital building automation has led to theft of electronic film technology, including semiconductors, microchips, and sensors, which is expected to support market expansion in the future.

Restraint

Indium tin oxide (ITO), a ternary mixture of tin, indium, and oxide, is used in creating transparent conductive coatings for displays like OLED, liquid crystal, plasma, electronic ink, and touch screens.

However, its high price is due to its scarcity, with only 0.1 parts per million believed to exist in the earth's crust. The growth of the electronics film market is also hampered by rising research and development costs.

The global electronic films market is expected to experience future growth opportunities.

The printed circuit board (PCB) is a compact, multifaceted system that uses pads, conductive tracks, and other features etched from copper sheet films laminated from non-conductive electronic layers.

The digital age and the Internet of Things have accelerated the adoption of electronic applications in LEDs, consumer electronics, industrial machinery, aerospace, and automotive. The market for electronic films is expected to experience significant growth in the coming years.

Electronic Films Market Segment Analysis

The non-conductive segment of the electronic film market is projected to be one of the most lucrative segments. Non-conductive electronic films find applications in various industries, including displays, insulation, and protective coatings.

The increasing demand for non-conductive films in electronics, automotive, and packaging sectors is driving the market growth. These films provide essential properties such as insulation, barrier protection, and enhanced functionality, making them highly sought after in the market.

The polymer segment has emerged as the dominant segment in the electronic film market. Polymer-based electronic films offer a wide range of benefits, including flexibility, lightweight, and excellent processability.

They find extensive applications in electronic displays, flexible circuits, photovoltaics, and packaging. The growing demand for flexible and lightweight electronic devices has driven the adoption of polymer-based films. Their superior properties and versatility have contributed to the significant market share and dominance of the polymer segment in the electronic films market.

The electronic segment has achieved the highest market share in the electronic films market. Electronic films play a vital role in various electronic applications, including displays, semiconductors, and electronic components.

The increasing demand for electronic devices, such as smartphones, tablets, and televisions, has propelled the growth of the electronic segment. These films offer electrical conductivity, insulation, and protection, making them essential for the efficient functioning of electronic devices.

The continuous advancements in electronic technologies and the expanding consumer electronics industry have contributed to the significant market share of the electronic segment.

Electronic Films Market Competitors

The electronic films market key Competitors include TOYOBO Co. Ltd., DuPont, Panasonic Corporation, Eastman Kodak Company, Saint-Gobain S.A., GUNZE LIMITED, Nitto Denko Corporation, Teijin Limited, 3M Company, TDK Corporation.

New Developmements

May 15, 2023- Panasonic Industry Develops High-Thermal Conductive Film R-2400 for Multilayer Circuit Boards

Japan - Panasonic Industry Co., Ltd. (Headquarters: Kadoma, Osaka; Representative Director, President, CEO: Shinji Sakamoto) announced that it has developed the high-thermal conductive film R-2400 for multilayer circuit boards.

In June 2023, DuPont announced the launch of its new Surelon® 5000 series of high-performance electronic films for use in a variety of applications, including touch screens, displays, and sensors.

In July 2023, Applied Materials announced the acquisition of Nanophase Technologies, a provider of advanced electronic films for use in a variety of applications, including semiconductors and solar cells.

In August 2023, SKC announced the expansion of its production capacity for its electronic films business. The expansion is expected to be completed in the first half of 2024.

In August 2023, LG Chem announced the launch of its new line of electronic films for use in flexible displays. The new films are said to be thinner and lighter than traditional electronic films, making them ideal for use in foldable and rollable displays.

June 13, 2023- Saint-Gobain plans captive thin glass unit for First Solar

First Solar, meanwhile, is all set to begin trial runs of its plant by July 2023 and commercial production from October onwards, said its India VP and MD, Sujoy Ghosh

June 2022 - DuPont announced the completion of the previously-announced sale of its Biomaterials business unit, effective May 31, 2022, to the Huafon Group for a purchase price of approximately USD 240 million.

June 2022 - Leland Weaver, President of DuPont's Water & Protection segment, hosted a virtual teach-in presentation on the Shelter Solutions line of business.

Electronic Films Market Regional Outlook

Asia Pacific is anticipated to dominate the electronic films market. The region's dominance can be attributed to several factors. Firstly, Asia Pacific is home to major electronic device manufacturers and a robust consumer electronics market, driving the demand for electronic films.

Secondly, countries like China, Japan, and South Korea are leading in terms of technological advancements and production capabilities in the electronic film industry. Additionally, the region benefits from favorable government policies, infrastructure development, and a skilled workforce.

Furthermore, the increasing adoption of electronic devices, expanding automotive industry, and the growing renewable energy sector in Asia Pacific contribute to the region's dominance in the electronic films market.

North America is a significant player in the electronic film market. The region encompasses the US and Canada, which are known for their advanced technological capabilities and strong industrial base. North America is home to major electronics and semiconductor companies, driving the demand for electronic films.

The region has a well-established consumer electronics market and a high adoption rate of advanced technologies. Additionally, North America has a strong emphasis on research and development, leading to technological innovations in the electronic film sector. The presence of key players, favorable regulatory environment, and investment in advanced manufacturing contribute to North America's prominence in the electronic film market.

Segments Covered in the Electronic Films Market

Electronic Films Market by Film Type

• Non-conductive
• Conductive

Electronic Films Market by Material Type

• Polymer
• ITO on Glass
• ITO on PET
• Metal Mesh

Electronic Films Market by Application

• Electronic Display
• Printed Circuit Boards
• Semiconductors

The above information has been provided for the following regions and countries

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Italy
• Russia

Asia Pacific

• China
• India
• Japan
• South Korea

Latin America

• Brazil
• Mexico

MEA

• UAE
• Saudi Arabia
• South Africa

Frequently Asked Questions

What is the worth of electronic films market?

From 2023 to 2030, the Electronic Films Market is projected to expand at a compound annual growth rate of 6.90%. It is anticipated to increase from USD 7.59 billion in 2023 to over USD 13.80 billion by 2030.

What is the size of the Asia Pacific electronic films industry?

Asia Pacific held more than 47% of the electronic films market revenue share in 2022 and will witness expansion in the forecast period.

What are some of the market's driving forces?

The demand for high-resolution displays in various sectors, including consumer electronics, healthcare, automotive, and advertising, is driving the electronic films market. These films are essential for producing vibrant and efficient display technologies such as LCD, OLED, and flexible displays.

Which are the top companies to hold the market share in electronic films market?

The electronic films market key players include TOYOBO Co. Ltd., DuPont, Panasonic Corporation, Eastman Kodak Company, Saint-Gobain S.A., GUNZE LIMITED, Nitto Denko Corporation, Teijin Limited, 3M Company, TDK Corporation.

What is the leading application of electronic films market?

The electronic industry is major sector where the application of electronic films has seen more.

Which is the largest regional market for electronic films market?

The markets largest share is in the Asia Pacific region.

1.Summary

1.1. Electronic Films Market Overview

1.2. Key Insights

1.3. Report Scope

1.4. Research Methodology

1.5. Frequently Asked Questions

1.6. Chapter Outlines

2. Decision-Making Summary
3. Introduction

3.1. Overview Of Electronic Films

3.2. Key Historical Events

3.3. Structure

3.4. Biochemical Interaction

3.5. Target Indications

3.6. Advantages Of Electronic Films

3.7 Challenges Associated With Electronic Films

3.8. Future Perspectives.

4. Market Landscape

4.1. Methodology

4.2 Electronic Films: Developer Landscape

4.2.1. Analysis by Year Of Establishment

4.2.2. Analysis By Company Size

4.2.3. Analysis By Location Of Headquarters (Region-Wise)

4.2.4. Analysis By Location Of Headquarters (Country-Wise)

4.2.5. Analysis By Year Of Establishment, Company Size And Location Of Headquarters (Region-Wise)

4.2.6. Most Active Players

5. Company

5.1. Company Overview

5.1.2 Management Team

5.1.3. Product Portfolio

5.1.4. Recent Developments And Future Outlook

6. Partnerships And Collaborations

6.1. Partnership Models

6.2. Electronic Films: Partnerships And Collaborations

6.2.1. Analysis By Year Of Partnership

6.2.2. Analysis By Type Of Partnership

6.2.3. Analysis By Year And Type Of Partnership

6.2.4. Analysis By Type Of Partner

6.2.5. Analysis by Year Of Partnership And Type Of Partner

6.2.6. Analysis By Type Of Partnership And Type Of Partner

6.2.7. Analysis By Type Of Partner And Parent Company Size

7. Academic Grants Analysis

7.1. Methodology And Key Parameters

7.2. Electronic Films: Academic Grants Analysis

7.2.1. Analysis By Year Of Grant Award

7.2.2. Analysis By Amount Awarded

7.2.3. Analysis By Funding Institute Center

7.2.4. Analysis By Support Period

7.2.5. Analysis By Funding Institute Center And Support Period

7.2.6. Analysis by Type Of Grant Application

7.2.7. Analysis By Purpose Of Grant

8. Publication Analysis

8.1. Analysis Methodology And Key Parameters

8.2. Electronic Films: Publication Analysis

8.2.1. Analysis by Year Of Publication

8.2.2. Analysis By Type Of Publication

8.2.3. Analysis by Type Of Conjugate

8.2.4. Analysis by Target Indication

8.2.5. Analysis by Copyright Holder

8.2.6. Word Cloud: Emerging Focus Area

8.2.7. Most Active Publishers: Analysis By Number Of Publications

9. Success Protocol Analysis

9.1. Methodology and Key Parameters

9.2. Key Assumptions and Scoring Criteria

9.3. Success Protocol Analysis

9.4. Assessment of Approved Electronic Films

10. Appendix 1: Tabulated Data
11. Appendix 2: List of Companies 

1. TOYOBO Co. Ltd.
2. DuPont
3. Panasonic Corporation
4. Eastman Kodak Company
5. Saint-Gobain S.A.
6. GUNZE LIMITED
7. Nitto Denko Corporation
8. Teijin Limited
9. 3M Company
10. TDK Corporation

Segments Covered in the Electronic Films Market

Electronic Films Market by Film Type

• Non-conductive
• Conductive

Electronic Films Market by Material Type

• Polymer
• ITO on Glass
• ITO on PET
• Metal Mesh

Electronic Films Market by Application

• Electronic Display
• Printed Circuit Boards
• Semiconductors

The above information has been provided for the following regions and countries

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Italy
• Russia

Asia Pacific

• China
• India
• Japan
• South Korea

Latin America

• Brazil
• Mexico

MEA

• UAE
• Saudi Arabia
• South Africa

Research Methodology