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The growing literacy rate in developing nations and the rise in consumer spending on electronic goods also supporting the Electronic Films Market growth
HYDERABAD, TELANGANA, INDIA, November 25, 2022 /einpresswire.com / -- IndustryARC, in its latest report, predicts that electronic films market size is forecast to reach US$11.4 billion by 2026, after growing at a CAGR of 5.9% during the forecast period 2021-2026. Electronic films are highly functional films, offer various properties such as chemical resistance, UV & weather resistance, high-temperature tolerance, optical transparency, low coefficient of friction, conductivity, and fouling resistance among others. Electronic films find their usage in solar cells and semiconductors. The growing usage of smart mobiles, tablets, and laptops are some of the major factors driving the market growth for electronic films during the forecast period. The rise in preference for touch-enabled LCD panels along with technological advancements in IT sectors is driving the market growth The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
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Key takeaways:
This IndustryARC report on the Electronic Films Market highlights the following areas -
1. The Asia Pacific is expected to register the highest CAGR of 7.1% during the forecast period (2021-2026). Rapid urbanization and industrialization in emerging economies are supporting market growth.
2. DowDuPont is one of the prominent players operating in the global electronic films market. The company has a strong focus on R&D to increase its technology-driven product portfolio. The company is also highly focused on new product developments and expansions in the electronics & imaging segment.
3. Growing investments in smart city projects in developed and developing nations are boosting market growth. Rapid changes in technology such as 5G also supporting the market growth.
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Segmental Analysis:
1. The non-conductive film type segment is expected to hold the largest market share in the global Electronic Films market and is estimated to grow at a CAGR of 6.1% during the forecast period. Non-conductive films offer significant physical properties such as high-temperature tolerance, negligible moisture absorption, low dielectric constant, and non-flammable properties among others.
2. Asia Pacific region held the largest share in the Electronic Films market in 2020 up to 35%, owing to the presence of multiple manufactures and end-users in the region. The presence of developing nations such as China, Japan, South Korea, and India is driving the market growth in the region.
3. The polymer segment accounted for more than 25% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. Polymer film is an emerging material used for the development of electronic films for the electronic industry. Polymer is one of the widely available raw materials in the market and can be deposit on various types of substrates.
4. The electronic displays segment accounted for more than 18% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. The growing demand for electronic displays in various applications including consumer electronics, digital signage, and automation are some of the major factors driving the market growth for electronic displays.
5. The electrical and electronics industry accounted for more than 20% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. Electronic films are used for manufacturing electronic displays for TVs, smart mobile, laptops, tablets, and other gadgets.
Competitive Landscape:
The top 5 players in the Electronic Films Industry are -
1. DowDuPont,
2. Toray Industries, Inc.,
3. Gunze Limited,
4. Nitto Denko Corporation,
5. Saint-Gobain,
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B. Industrial Films Market
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