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The electronic film industry has witnessed dynamic changes due to technological advancements as well as changing consumer preferences. As electronic devices are increasingly being adopted in everyday life, demand for high-performance electronic films has continued to rise. Manufacturers are compelled to create films that are usually thin and flexible in order improve performance and durability of many electrical appliances.
The rapid evolution of display technology is one of the main factors driving market dynamics. The growth of electronic films requirement goes hand-in-hand with the spread of displays – in tablets, TVs/Screens, smartphones other electronics. As consumers want sharper images, brighter colors or more adaptable screens; manufacturers are under pressure from these evolving expectations that they employ novel materials in electronics. This has led to a cycle of innovations within this sector with players spending heavily on R&D just so that they can remain competitive amidst stiff rivalry.
Additionally, shrinking trends within electronic gadgets impact the market dynamics for electronic films. With reduced sizes of electronic parts there comes a growing need for thin and light coatings that can protect and enhance them. This trend is evident in the development of wearable devices, where electronic films improve both their aesthetic appeal and functionality.
Environmental aspects are influencing the market dynamics of electronic films. Moreover, as sustainability becomes more appreciated, there is a growing demand for eco-friendly electronic films that minimize the environmental impact of electronic products. As such, manufacturers have been exploring possible solutions to this problem by creating materials that are high-performance while still being sustainable. This ongoing transition mirrors a larger shift in sustainable and responsible production within the electronics industry.
The world economy also affects market dynamics in relation to electronic films. Political conflicts, currency fluctuations and trade barriers may have impacts on commodity prices including raw material acquisition and manufacturing cost.These external drivers affect the overall price of electric films which influences both producers and consumers who buy them.Therefore, businesses operating in this sector of economy are confronted with a complex set of economic factors if they want to be competitive and profitable.
Electronic film industry is a hotly contested market with both established and new players involved. On the other hand, seasoned companies emphasize on strong partnerships with electronics manufacturers so as to secure long-term contracts and remain the leaders in the market. New entrants and smaller firms, however, focus on innovation and agility to gain an edge over rivals by leveraging breakthrough technologies or reduced cost solutions for their target markets.
Electronic Films Market Highlights:
Electronic Films Market Overview
Electronic Films Market is projected to grow at 6.3% CAGR during the forecast period 2022-2030 and was valued at USD 7.98 Billion in 2018.
Electronic films are high-performance films that protect electronic devices and enhance their performance and durability. These films have an array of applications in the electrical & electronics industry on account of their beneficial properties such as high insulation, optical transparency, and excellent chemical resistance. Various types of electronic films such as PET, ETFE, copper films are used in electronic displays of smartphones, tablets, and other electronic devices. For instance, PET (polyethylene terephthalate) films are used in electronic displays of solar cells to protect the optics from environmental factors such as abrasion, dust, or heat and to improve reflectivity and transmission of light.
The Market is expected to be driven by increased demand for electronic films in the electronics industry to manufacture smartphones, tablets, and touch panel displays. This is primarily attributed to the growing consumer demand for LED and LCD touch panels. For instance, the consumer electronics association (CEA) in January 2018 predicted an increase of 3.95% in the consumer electronics sector over 2017 with a retail revenue of USD 351 billion. Moreover, the increasing demand for high-performance polymer films in numerous electronic applications is further projected to propel the market growth in the coming years.
Furthermore, the rapid technological advancements in electronic films coupled with the continuous development of printed circuit boards and other electronic products will offer immense market opportunities for the players operating in electronic films market during the forecast period.
However, high processing cost associated with ITO based electronic films is expected to create major challenges for the market players and is likely to hinder the market growth during the assessment period.
Global Electronic Films Market Share, by Region, 2018 (%) Â 
Source: MRFR Analysis
Key Players
TORAY INDUSTRIES, INC. (Japan), DuPont (US), Saint-Gobain (France), Coveris (US), Nitto Denko Corporation (Japan), SABIC (Saudi Arabia), Gunze (Japan), The Chemours Company (US), 3M (US) and Eastman Chemical Company (US) are some of the major companies operating in the global market.
Regional Analysis
The Global Electronic Films Market is analyzed for five major regions, namely, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominates the electronic films market and is projected to register the highest CAGR during the forecast period. This is on account of the rapidly growing electronics industry coupled with the rising demand for white and brown goods in the region. China, followed by India and other South-East Asian countries, is the largest consumer in the electronic films market owing to the increasing population and increased disposable income among the consumer base. For instance, according to Indian Brand Equity Foundation (IBEF) report, appliance and consumer electronics (ACE) industry are expected to grow at 9% CAGR during 2017–2022. Hence, creating lucrative opportunities for the players operating in electronic film market in the region. In addition, the innovative activities in the field of electronic films further propel the regional market growth. For instance, in March 2018, Toray Industries, Inc., one of the leading players in the electronic films market, developed an innovative PET film exhibiting higher thermal conductivity than the conventional films under the brand name of Lumirror for insulating materials, battery materials, and circuit boards.
North America accounted for a substantial market share in 2018. The growing demand for electronic adhesives in the developed electronics and telecommunication industry coupled with the significant electronics exports from the US and Canada is expected to drive the market growth. In addition, the key players are emphasizing production capacity expansion to cater the growing demand, which further contributes the regional market growth. For instance, in March 2019, DuPont Electronics & Imaging, a subsidiary of DuPont, announced an investment of USD 220 million to expand production of DuPont Kapton polyimide film and Pyralux flexible circuit materials at its Circleville, Ohio, plant.
Europe is also expected to register significant growth during the forecast period owing to the extensive use of electronic films in a wide range of applications in automotive industry such as engine status displays, and vision systems. This is expected to fuel the growth of electronic film market during the forecast period. Germany, France, and Russia are the major countries contributing to regional market growth.
Latin America and the Middle East & Africa are expected to show substantial growth during the forecast period owing to the rising electronics industry and increased disposable income in the regions.
Electronic Films Market Segmentation
Market Research Future segments the global electronic films market has been segmented based on material, film type, application, and region.
Based on material, the global electronic films market has been segmented into polymer, ITO, metal mesh, and others. Â
By film type, the global electronic films market has been categorized into PET, ETFE, PFA, PTFE, TCFs, copper films, and others
Based on application, the global electronic film market has been categorized into electronic display, PCBs, semiconductors, and others.
By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Recent DevelopmentÂ
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.
Intended Audience
- Electronic films manufacturers
- Traders and distributors of electronic films
- Research and development institutes
- Potential investors
- Raw material suppliers
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