Thin and Ultra-thin Films Market
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Transparency <strong>Market</strong> Research<br />
<strong>Thin</strong> <strong>and</strong> <strong>Ultra</strong>-<strong>thin</strong> <strong>Films</strong> <strong>Market</strong> - Global<br />
Industry Analysis, Size, Share, Growth,<br />
Trends <strong>and</strong> Forecast 2016 - 2024<br />
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REPORT DESCRIPTION<br />
The global <strong>thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films market is relatively consolidated according to Transparency <strong>Market</strong> Research. The<br />
top three players held a dominant share of 35.5% in the global market in 2015. E.I. du Pont, Kaneka Corporation, <strong>and</strong><br />
Corning Incorporated are expected to continue this lead due to their enhanced product offerings that deliver<br />
outst<strong>and</strong>ing performances.<br />
According to the research report, the global <strong>thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films market stood at US$32.78 bn in 2015 <strong>and</strong> is<br />
expected to be worth US$115.41 bn by the end of 2024. Between the forecast years of 2016 <strong>and</strong> 2024, the global<br />
market is expected to rise at a CAGR of 15.1%.<br />
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Asia Pacific <strong>Market</strong> to Rise at a CAGR of 24.1% 2016-2024<br />
The end users in the global market are, <strong>thin</strong>-film electronics, <strong>thin</strong>-film batteries, <strong>and</strong> <strong>thin</strong>-film PV. Out of these, the<br />
<strong>thin</strong>-film electronics segment remained dominant till 2015 <strong>and</strong> is expected to retain its dominance in the coming<br />
years as well. By the end of 2024, this end user will acquire a share of 64.9% in the global market. The soaring<br />
expenditure on electronics <strong>and</strong> increasing dem<strong>and</strong> for newer electronic products is expected to drive this segment.<br />
In terms of geography, the global <strong>thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films market is segmented into North America, Asia Pacific,<br />
Europe, the Middle East <strong>and</strong> Africa, <strong>and</strong> Latin America. Out of all of these regions, Asia Pacific is expected to remain<br />
the frontrunner in the global market. The booming manufacturing activities <strong>and</strong> exp<strong>and</strong>ing facilities are expected to<br />
drive this regional market. By the end of 2024, Asia Pacific is poised to account for a share of 24.1% in the overall<br />
market.<br />
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Aerospace <strong>and</strong> Defense Industries to Improve Uptake of <strong>Thin</strong> <strong>and</strong> <strong>Ultra</strong>-<strong>thin</strong> <strong>Films</strong><br />
The global <strong>thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films market is being fueled by the growing trend of miniaturization in the<br />
semiconductors <strong>and</strong> electronics industry. The increasing uptake of <strong>thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films in semiconductors <strong>and</strong><br />
electronics due to their advantages is expected to boost the growth of the global market. Additionally, the market is<br />
also being fueled booming aerospace <strong>and</strong> defense industries that are showing a keen interest in using these films as<br />
they offer improved power, efficiency, speed, <strong>and</strong> decreased weight. The evolution of nanotechnology has also<br />
benefitted the global market.<br />
The dem<strong>and</strong> for <strong>thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films is expected to receive a boost due to the growing adoption of solar energy<br />
against the backdrop of increasing pressure to reduce the carbon footprint. <strong>Thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films are widely used<br />
for making photovoltaic (PV) cells, which are used for harnessing solar energy. The stringent rules implemented by<br />
environmental organizations such as Greenpeace, EPA, <strong>and</strong> Department of Energy Resources to reduce carbon<br />
footprint are expected to fuel the dem<strong>and</strong> for <strong>thin</strong>-film PVs in the coming years.<br />
Complicated Installation Discourages Users from Using <strong>Thin</strong> <strong>and</strong> <strong>Ultra</strong>-<strong>thin</strong> <strong>Films</strong><br />
The global <strong>thin</strong> <strong>and</strong> ultra-<strong>thin</strong> films market faces a tough restraint that is likely to act as a hurdle in the coming<br />
years. The current challenge for the global market is the poor conversion efficiency of <strong>thin</strong> film solar cells.<br />
Furthermore, their complex construction structure is also dissuading users from investing in these films. The<br />
sophisticated installation skills required for flexible <strong>thin</strong> film solar cells make are not easily available <strong>and</strong> thus not<br />
viable.<br />
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This review is based on Transparency <strong>Market</strong> Research’s report, titled “<strong>Thin</strong> <strong>and</strong> <strong>Ultra</strong>-<strong>thin</strong> <strong>Films</strong> <strong>Market</strong> - Global<br />
Industry Analysis, Size, Share, Growth, Trends <strong>and</strong> Forecast, 2016 - 2024.”<br />
The Global <strong>Thin</strong> <strong>and</strong> <strong>Ultra</strong>-<strong>Thin</strong> <strong>Films</strong> <strong>Market</strong> has been Segmented into:<br />
Global <strong>Thin</strong> <strong>and</strong> <strong>Ultra</strong>-<strong>Thin</strong> <strong>Films</strong> <strong>Market</strong>: By End User
• <strong>Thin</strong> Film Electronics<br />
• <strong>Thin</strong> Film Batteries<br />
• <strong>Thin</strong> Film PV<br />
• Others<br />
Global <strong>Thin</strong> <strong>and</strong> <strong>Ultra</strong>-<strong>Thin</strong> <strong>Films</strong> <strong>Market</strong>: By Technology<br />
• Printing<br />
• Deposition Process<br />
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