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Global Thin and Ultra-Thin Films Market Is Expected to Reach US $115.41 Bn During 2016-2024


Albany, NY -- (SBWIRE) -- 12/07/2017 -- Thin and ultra-thin films are layers of various materials deposited over a substrate to modify its properties or add extra environmental protection. These films ranges in thickness from micrometer to fractions of a nanometer. Various process of generation of thin films are utilized by various end users such as printing, physical vapor deposition of chemical vapor deposition.

A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Market dynamics are the factors which impact the market growth, thereby helping to understand the ongoing trends of the global thin and ultra-thin films market. Therefore, the report provides the forecast of the global market for the period from 2016 to 2024, along with offering an inclusive study of the thin and ultra-thin films market.

Global Thin and Ultra-thin Films Market: Drivers and Trends

The major drivers driving the global thin and ultra-thin films market includes ongoing miniaturization in semiconductor and electronics industry, developments in nanotechnology and rising demand for affordable renewable energy sources. Printed electronics over thin and ultra-thin films is aiding the growth of miniaturization of semiconductors and electronics industry.

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Additionally with the expansion of nanotechnology in various areas of materials science the demand of thin and ultra-thin films market is expected to grow with the rising demand from food packaging, medical and semiconductor industry. Thus the above mentioned reason of downsizing a vehicle's engine is going to drive the market for thin and ultra-thin films market during the forecast period from 2016 – 2024.

Several environmental organizations and regulatory bodies such as EPA, Greenpeace and Department of Energy Resources have implemented stringent regulations to minimize carbon footprints which in turn have fuelled the demand for photovoltaic cells as a renewable energy source over the past few years. Thin film photovoltaic cells are much cheaper than traditional crystalline cells with a lower absorption rate. Thin film PV can be laid down to any kind of surface owing to its flexibility and less susceptible to damage. Thus the demand for thin film PV is also set to increase during the forecast period.

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Thin and ultra-thin films find its application in a number of end users such as thin film electronics, tin film batteries, thin film photovoltaic cells (PV) and others. The other segment includes optoelectronics, defense and military segments. Thin film electronics holds the leading market share among the other end users. Based on the technology type the thin and ultra-thin films market is segmented into printing and deposition process. The deposition process is further bifurcated into physical vapor deposition (PVD) and chemical vapor deposition (CVD). Printing technology held the prime market share in 2015, with the increasing popularity of printed electronics due to its lower manufacturing cost and added flexibility of the electronics is basically going to drive the printing technology of thin and ultra-films market during the forecast period from 2016 – 2024. Additionally the, Internet of Things (IoT) concept of developing everyday with internet connectivity is going to push the thin film electronics market towards its heights.

Key Players Mentioned in the Report are:

The competitive profiling of the key players in the global thin and ultra-thin films market across four broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments as in the field of thin and ultra-thin films.

Some of the major players in the global thin and ultra-thin films market China National Building Material Company Ltd. (China), Umicore Group (Belgium), Ascent Solar Technologies (U.S.), American Elements (U.S.), Kaneka Corporation (Japan), Moser Baer India Pvt. Ltd. (India), Corning Corporation (U.S), Hanergy Thin Film Power Group (Hong Kong) and E. I. du Pont de Nemours and Company (U.S).

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