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Deerfield Beach, FL -- (SBWIRE) -- 02/11/2016 -- The global market for printing materials for thin films is accounted for $101.6 million in 2014 and expected to reach $1034.6 million in 2022, representing a compound annual growth rate (CAGR) of 33.65% from 2014 to 2022. Electronic semiconductor devices and optical coatings are the main applications benefiting from thin-film construction. The major factors that drive growth in the thin film material market comprise high demand from current & emerging applications, increased demand for efficiency & miniaturization, development in technology, government policies, mandates, and subsidies.
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These thin films are environmentally friendly, compared to other materials which are also an added advantage for the growth. However, the factors that are hindering the growth of this market are low conversion efficiency and vast investments required in R&D and technology. The drawback for the market growth is developers of the technology incur high investments in research and development to get rid of the defects.
The Thin Film Printing Materials market is analyzed based on the following segments application and geography. The major applications includes Electronics, Opto-Electronics, Mechanical/Chemical, Energy, Optical Coatings, Life sciences and Others. In a geographical scenario the thin film market is segmented into North America, Europe, Asia-Pacific, Row.
The Key Players in Thin Film market are Advanced Nano Products, Applied Nano Tech Holdings, Cima Nanotech, Clariant, Diversified Nano, Harima, Inktec, KUnshan Hisense Electronic, Lab21, Merck Performance Materials, Methode Electronics, Nanolab, Qd Vision.
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