The global electronic films market size was valued at $7.75 billion in 2020, and is projected to reach $12.62 billion by 2028, registering a CAGR of 7.00% from 2021 to 2028.
An electronic film is a specialized polymer or ITO-based film use to sky-scrape the performance of electronic devices to improve their durability and performance. Electronic films are intended to safeguard electronic devices on account of their valuable and reliable properties such as chemical resistance, optical transparency, high-temperature tolerance, and moisture resistance across consumer and industrial electronics devices. Further, the rise in digitization in the consumer electronic and industrial sectors drives the electronic films market growth.
The electronic films industry has direct impact on the consumer electronics market. Electronic films have a wide array of applications across the electrical & electronics sector to offer various valuable properties, such as layered technology, designed to enhance electronic devices properties. The non-conductive electronic film is one of the most utilized applications across the electrical and electronic market, owing to surge in demand from the PCB market. Besides, rise in demand for electronic films across electronic display in laptop, TV, PC, and industrial touch panels drives the growth of the consumer electronics sector. All these factors are opportunistic for the electronic films market growth.
The market for electronic films is expected to witness growth during the forecast period, owing to rise in trend toward digitization in developing economies. Further, the market is expected to be driven by rise in demand for consumer electronic applications. Moreover, rapid surge in penetration of the Internet of Things in smart home applications across the residential sector is expected to be opportunistic for the market growth. Considering these factors, the electronic films market revenue is estimated to experience steep growth in the future.
The rise in demand for electronic display applications across consumer, industrial, and other sectors is expected to offer a lucrative growth opportunity for the electronic films market during the forecast period.
However, rise in processing cost associated with indium tin oxide-based films acts as a major restrain for this market. Further, increase in demand for smart city projects across the globe is opportunistic for the electronic films industry.
The emergence of the global pandemic has acted as a prime drawback for the manufacturing and selling industries. Major economics across the world have faced major losses due to partial and complete lockdown, which hindered the growth of the electronic films market. However, surge in demand from the electric and electronics market is expected to be robust during the forecast period due to rise in demand from printed circuit board segments. Moreover, COVID-19 has influenced the growth of electronic film industries due to fall in construction activities. Consequently, it resulted in decreased demand for electronic films.
By Film Type
Non-conductive segment is projected as one of the most lucrative segments.
The electronic films market share is segmented into film type, thickness, material, and application, and region. On the basis of film type, it is fragmented into conductive and non-conductive. The non-conductive segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. Based on thickness, the market is segregated into thick (more than 1 μm) and thin (up to 1 μm). The polymer segment dominated the market, in terms of revenue in 2020, and is anticipated to witness significant market share during the forecast period. By material, the market is divided into polymer, ITO on glass, metal mesh, and others. The market share of the electronic segment was the highest in 2020, and is expected to grow at a high CAGR from 2021 to 2028. By application, the market is divided into electronic display, PCB, wire and cable, smart buildings, and others.
Region-wise, electronic films market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The Asia-Pacific electronic films market share is expected to grow at the highest rate during the conjecture time frame.
By Thickness
Thick segment is expected to secure leading position during forecast period.
Top Impacting Factors
Significant factors that impact the growth of the electronic films market include growing demand for consumer electronics applications coupled with rising demand for digital technology across the industrial and commercial sectors. However, the endeavor in electronic film processing acts as a prime barrier for early adoption, which hampers the market growth. On the contrary, surge in demand for printed circuit board applications across the electric and electronic market is expected to offer lucrative opportunities for the electronic films market during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major electronic films market players, such as 3M, DuPont, Eastman Kodak Company, Gunze Ltd., Nitto Denko Co., Panasonic Co., Saint-Gobain S.A., TDK Co., Teijin Ltd., and TOYOBO Co. Ltd., are provided in this report.
By Geography
LAMEA region would exhibit the highest CAGR of 7.6% during 2021-2028
Key Benefits For Stakeholders
- This study comprises analytical depiction of the electronic films market share along with the current trends and future estimations to depict the imminent investment pockets.
- The overall electronic films market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current electronic films market forecast is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
- The report includes the electronic films market share of key vendors and market trends.
Key Market Segments
By Film Type
- Conductive
- Non-Conductive
By Thickness
- Thick (More than 1μm)
- Thin (Up to 1 μm)
By Material
- Polymer
- ITO on Glass
- Metal Mesh
- Others
By Application
- Electronic Display
- PCB
- Wire and Cable
- Smart Buildings
- Others
Key Players
- 3M
- DuPont
- Eastman Kodak Company
- GUNZE LIMITED
- NITTO DENKO CORPORATION
- Panasonic Corporation
- Saint-Gobain S.A.
- TDK Corporation
- TEIJIN LIMITED.
- TOYOBO CO., LTD.
Electronic Films Market Report Highlights
| Aspects | Details |
 By Film Type |
|
 By Thickness |
|
 By Material |
|
 By Application |
|
 By Region |
|
 Key Market Players | Teijin Limited, Panasonic Corporation, DuPont de Nemours, Inc. (DuPont), Saint-Gobain S.A., TDK Corporation, GUNZE LIMITED, Eastman Kodak Company, TOYOBO Co., Ltd., 3M Company, Nitto Denko Corporation |
Analyst Review
Electronic film is a specialized type of film used in electronic devices to safeguard applications from chemicals, moisture, and other harms. It is further divided into thick and thin films used across consumer electronics, printed circuit boards, and other electronic application manufacturing sectors. In addition, the growing demand for smart infrastructure across prime economies drives the market growth.
Electronic film is popular for use in electric & electronics application sectors, owing to surge in demand for exception flatness, good insulation properties, and thermal stabilities. Moreover, electronic film application, such as thin film, is a highly advanced technology used across various electronic applications such as integrated circuits, solar cells, lithography, telecommunication, and wireless communication. Further, the surge in demand for consumer electronics coupled with 5G network technology is a significant opportunity for the market growth.
Globally, various key players are investing and developing new technology in electronic film applications to make them more compatible with multiple applications. For instance, TOYOBO signed an agreement with Teijin Film to develop and improve its product portfolio. Besides, Panasonic Co., the leading developer of electronic film technology, launched anti-glare type anti-reflection films for automotive display. These initiatives are expected to offer immense growth opportunities to the global electronic films market.
The key players profiled in the report include 3M, DuPont, Eastman Kodak Company, Gunze Ltd., Nitto Denko Co., Panasonic Co., Saint-Gobain S.A., TDK Co., Teijin Ltd., and TOYOBO Co. Ltd.
The Electronic Films Market is estimated to grow at a CAGR of 7.00% from 2021 to 2028.
The Electronic Films Market is projected to reach $12.62 billion by 2028.
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The rise in demand for electronic film technology in the consumer electronics sector, owing to surge in demand for smart phones, tablets, and electronic display applications is anticipated to propel the electronic films market growth.
The key players profiled in the report include 3M, DuPont, Eastman Kodak Company, Gunze Ltd., Nitto Denko Co., Panasonic Co., Saint-Gobain S.A., TDK Co., Teijin Ltd., and TOYOBO Co. Ltd.
On the basis of top growing big corporations, we select top 10 players.
The Electronic Films Market is segmented on the basis of film type, thickness, material, and application, and region.
The key growth strategies of Electronic Films Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
The thick segment accounted for around 60% of the electronic films market share
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