The electronic film market was at US$ 7.8 billion in 2018 and is expected to grow at a CAGR of 6.2% to reach US$ 10.53 billion during the forecast period. These films are used for their resistance to heat, electricity or chemicals, their low coefficient of friction, their tolerance to UV / sunlight and their dust repellency. They also prevent the entry of moisture and air, and therefore, can protect the underlying substrate.
Market Drivers and Restraints:
Electronics is an industry where technology has made significant progress. The demand for products is increasing rapidly with the low prices of Asian manufacturers. The desire to own an electronic device drives the electronic films market more than the need for this device. In this situation, the growing number of middle-class consumers in many Third World countries is expected to boost the market.
The drivers of the electric and electronic market are the same factors that drive the growth of this electronic film market. With the growing economy of renewable energy technologies, such as solar panels and windmills, power tools are expected to affect all areas of life. The increasing average disposable income in emerging markets is expected to be the primary driver of this market. The current atmosphere of a trade war between China and the United States is causing considerable uncertainty between manufacturers and investors, which is affecting the sales of the electronic films.
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Report segmented as
- Electronic Display,
- ITO on Glass,
- Metal Mesh,
- ITO on Pet
The Asia-Pacific region was the largest manufacturer of electrical and electronic equipment in 2018. Countries such as China, Japan and South Korea are market leaders in many of the industry's leading technologies. With its large population and its growing middle class, it is the largest market for electronic films. The region is expected to boost the global market in the coming years and remain the highest for this sector. It is also expected to grow faster in the coming years than other regions.
Important Market Players:
Some of the major players in the electronic films market are 3M (US), The Chemours Company (US), Dow DuPont (US), Saint-Gobain S.A. (France), Toray Industries Inc. (Japan), Toyobo Co, Ltd. (Japan), Gunze (Japan), Teijin Ltd. (Japan), Nitto Denko Corporation (Japan), and TDK Corporation (Japan).
3M is an American worldwide multinational operating in many diversified industries. It collected a total of USD 31.7 billion in sales in 2017.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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