Thin Film Materials Market Systems - Global Industry Analysis 2024

Thin Film Materials Market Systems - Global Industry Analysis 2024
Date: 03-24-2017 04:33 PM CET
Category: Business, Economy, Finances, Banking & Insurance
Press release from: Transparency Market Research
A new research report by Transparency Market Research offers a comprehensive evaluation of the global Thin Film Material
Market. The study, titled “TThin Film Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2016 - 2024”, is available for sale on the firm’s website.
A thin film is a layer of material ranging from a nanometer to micrometers in thickness. Optical coatings and electronic
semiconductors are the primary applications of thin film materials. Additionally, thin film materials are used in the
manufacture of household mirrors. These films are widely used for high density and high frequency applications. They are
used in photovoltaic solar cells, among others.
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Increase in technological miniaturization is expected to be the prime driver of the thin materials market during the forecast
period. Rising awareness regarding the usage of solar energy is also anticipated to boost the thin film material market during
the forecast period. Industrial applications of thin film materials such as optical coatings and semiconductors coupled with
domestic applications are estimated to drive the demand for thin film materials over the next few years. Furthermore,
companies manufacturing thin films rely on the government for funding and subsidies. Thus, government funding provided to
thin film material industries may open up new avenues for the market. This is projected to propel the demand for these
materials in the near future. However, volatility in the availability of raw materials may hamper the market over the next few
years. Research is being carried out on a new class of thin-film inorganic oxide materials called amorphous heavy-metal cation
multicomponent oxides. These could be used to manufacture transparent transistors that are inexpensive, stable, and
environment-friendly.
Thin film materials are divided into amorphous silicon, cadmium telluride, and copper indium gallium selenide. Technologies
include chemical process and physical process. Thin film materials are used in various applications such as solar cells,
micro-electro-mechanical system (MEMS), semiconductor, and electrical and optical coating.
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In terms of demand, Asia Pacific was the leading region in the thin film materials market in 2013. China accounted for the
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largest demand for thin film materials in Asia Pacific owing to high demand in the coatings industry in 2013. However, other
countries such as India, Japan, and South Korea are likely to exhibit higher demand for thin film materials in the near future.
Rising population and changing lifestyles of consumers have been directly or indirectly driving the market. This trend is
projected to continue in the next few years. Furthermore, growing awareness regarding exhaustible resources is expected to
boost market growth. Asia Pacific has experienced dynamic economic growth in the past decade.
This trend is anticipated to continue in the next fewyears. Asia Pacific was followed by North America. The U.S. accounted
for the largest demand for thin film materials in the past decade. Demand for thin film materials was high owing to increasing
demand in various applications. Europe held the third largest share of the thin film materials market. Increasing demand for
thin film materials in the automobile industry is driving the thin film materials market in Europe. Countries such as Germany
and the U.K. were the major consumers of thin film materials in Europe. However, stringent environmental regulations
associated with the Paints and coatings industry in the European Union can act as a major restraint for the market in the near
future. The Rest of the World is anticipated to experience stable demand for thin film materials in the near future. Latin
America is one of the largest markets for thin film materials in the Rest of the World.
The thin film materials market is highly competitive. It is an oligopolistic market, wherein a few players dominate the market.
First Solar is the major player that holds monopoly in the Cadmium telluride CdTe) market. Other players include Hanergy
Holding Group Limited, Kaneka Corporation, Ascent Solar Technologies, Inc., Anwell Solar, Suntech Power Co. Ltd., and
Moser Baer India Limited.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and
services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of
decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various
tools and techniques to gather and analyze information.
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest
trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous
primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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