Market Size of Electronic Film Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Electronic Film Market Analysis
The market for electronic film is expected to grow at a CAGR of over 5%. The major factor driving the market studied is the rapidly growing demand from electronic displays and intensifying trend of digitalization. On the flip side, high processing costs associated with ITO based films and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
The electronic display segment is expected to dominate the electronic film market over the forecast period.
Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Electronic Film Industry Segmentation
The electronic film market report includes:
Film Type | |
Conductive | |
Non-Conductive |
Material Type | |
Polymer | |
ITO on Glass | |
ITO on Pet | |
Metal Mesh | |
Others |
Application | |
Electronic Display | |
Printed Circuit Board | |
Semiconductors | |
Others |
Geography | |||||||
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Electronic Film Market Size Summary
The electronic film market is poised for significant growth, driven by the increasing demand from electronic displays and the broader trend of digitalization. This market is closely tied to the consumer electronics sector, with the Internet of Things (IoT) further propelling the need for advanced display devices. The market is also benefiting from substantial investments in infrastructure projects like smart cities and intelligent transportation systems, alongside the declining prices of electronics and the adoption of cutting-edge technology. Despite challenges such as high processing costs associated with ITO-based films and the lingering effects of the COVID-19 pandemic, the market is expected to expand, with non-conductive and polymer films holding substantial market shares due to their critical roles in various electronic applications.
The Asia-Pacific region is anticipated to lead the global electronic film market, with countries like China, South Korea, and Japan at the forefront due to their robust electronics manufacturing capabilities. The region's growth is supported by low manufacturing costs and increased investments in emerging technologies. Rapid urbanization and industrialization in countries such as China and India are expected to further boost demand for electronic gadgets. The market is characterized by a partial consolidation, with major players like DuPont, SABIC, Gunze, Nitto Denko Corp., and Saint-Gobain Performance Plastics dominating the landscape. These companies are actively engaged in product innovations to maintain their competitive edge in the evolving market.
Electronic Film Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rapidly Growing Demand from Electronic Displays
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1.1.2 Intensifying Trend of Digitalization
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1.2 Restraints
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1.2.1 High Processing Cost Associated with ITO based Films
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1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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1.3 Industry Value-Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Film Type
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2.1.1 Conductive
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2.1.2 Non-Conductive
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2.2 Material Type
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2.2.1 Polymer
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2.2.2 ITO on Glass
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2.2.3 ITO on Pet
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2.2.4 Metal Mesh
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2.2.5 Others
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2.3 Application
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2.3.1 Electronic Display
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2.3.2 Printed Circuit Board
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2.3.3 Semiconductors
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2.3.4 Others
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Electronic Film Market Size FAQs
What is the current Electronic Film Market size?
The Electronic Film Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Electronic Film Market?
DuPont, GUNZE LTD, NITTO DENKO CORPORATION, Saint-Gobain Performance Plastics and TORAY INTERNATIONAL, INC. are the major companies operating in the Electronic Film Market.