Electronic Films Market - Forecast(2024 - 2030)

Report Code: CMR 14165 Report Format: PDF + Excel

Electronic Films Market Overview

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 growing literacy rate in developing nations and the rise in consumer spending on electronic goods also supporting the market growth during the forecast period. The growing usage of electronic displays among end-use industries including automotive, aerospace, smartphone, medical, and media & entertainment among others are propelling the market growth for electronic films. However, the high manufacturing cost of electronic films may hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the electronic industry. The temporary shutdown of electronic facilities has negatively impacted the market. The downfall in the production of electronic goods, disruption of logistical services, and lack of workforce impacted the market negatively during the covid-19 crises. Travel restrictions have reduced the supply of raw materials required for the manufacturing of electronic films, which, in turn, has affected negatively the market growth during the pandemic.

Electronic Films Market Report Coverage

The report: “Electronic Films Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electronic Films industry.

By Film Type: Non-conductive and Conductive
By Density type: High-Density Electronic Films, Medium-Density Electronic Films, and Low-Density Electronic Films
By Material Type: Polymer [Polyester, Polyphenylene, Nylon, Polymide, and Others], ITO on Glass, ITO on PET, Metal Mesh, Copper Films, Silicon dioxide Films, and Others [Silver nanowire, Carbon nanotubes, PEDOT, and Microfine wire]
By Application: Electronic Display, Printed Circuit Boards, Semiconductors, Electric Wires & Cables, Integrated circuits, Rectifiers, Transistors, light-emitting diodes, Microelectromechanical systems (MEMS), Solar Cells, and Others
By End-use Industry: Automotive [Passenger vehicles, Light Weight Commercial vehicles, Heavy commercial vehicles], Aerospace & Defense, Electrical & Electronics Industry, Medical, Information & technology Industry, Packaging Industry, Media and Entertainment Industry, Marine, Retail, Government Organizations, Energy, Construction & Architecture, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

  • 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. 
  • 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. 
  • 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.

Figure: Asia Pacific Electronic Films Market Revenue, 2020-2026 (US$ Billion)

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Electronic Films Market Segment Analysis - By Film Type

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. These films are widely used for developing and manufacturing electronic displays, and PCBs. The high penetration of internet usage is driving the demand for smartphones and smart gadgets which is further driving the market for the non-conductive film segment. 

Electronic Films Market Segment Analysis – By Material Type

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. The cost of polymer films is relatively less compared to other material types. Polyester, Polyphenylene, Nylon, and Polyamide are some of the commonly used polymer films among end-users. The growing usage of PCBs in the automotive sector is propelling the market growth for the polymer films segment. Polymer films find their usage in several electronic devices, including liquid-crystal displays, OLEDs, and touchscreens among others.

Electronic Films Market Segment Analysis – By Application

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. The growing usage of large screen size LCDs in the residential and commercial industry also supporting the market growth. The rapid development and changes in display technologies such as OLED (organic light-emitting diode), QDLED (quantum dot light-emitting diode), and EPD (electronic paper display) technologies are the key factors driving the market for electronic films.

Electronic Films Market Segment Analysis – By End-Use Industry

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. Electronic films are also incorporated in consumer goods and electric goods. The increasing penetration of the Internet of Things (IoT) is one of the major factors driving the market for the electrical & electronics industry. The automotive sector is also expected to hold a significant share in the global market during the forecast period. The growing production of passenger vehicles and also the growing demand for personal vehicle transportation is boosting the automotive sector. 

Electronic Films Market Segment Analysis - By Geography

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. The presence of leading manufacturers such as Toray Industries, Gunze, TDK Corporation, Nitto Denko Corporation, and Toyobo Co, Ltd among others are supporting the regional growth. China, Japan, South Korea, and Taiwan are the leading producers of electronic goods in the Asia Pacific region.  According to the World Semiconductor Trade Statistics (WSTS), the Japanese semiconductor market generated US$35.9 million in 2019. The North American region is expected to register a moderate growth rate during the forecast period.

Electronic Films Market Drivers:

Increasing demand for tablets, smartphones, and other similar consumer electronic devices

Electronic films are widely used for the development and manufacturing of electronic displays.  Electronic displays are used in smart mobiles and tablets and TVs among others. An electronic display is a screen used for the presentation of images, text, or video transmitted electronically. China tops the global smartphone market in terms of both manufacturing and smartphone brands. Huawei, Xiaomi, Lenovo, Oppo, and Vivo are the top 5 smartphone brands manufactured in China. According to the CNET, China smartphone makers occupy approximately 40% of the global market share. According to data published by the Direct China Chamber of Commerce (DCCC), smartphone shipments in China reached over 366 million units in 2019. Based on the India Cellular and Electronics Association (ICEA), mobile phone production in India reached Rs 2.14 lakh crore in 2019-2020 as compared with Rs 1.8 lakh crore production in 2018-2019. According to CAICT, China shipped 21 million smartphones in March 2021 and 21.3 million in February 2021.

Growing automotive industry

Electronic films are used for manufacturing electronic displays, printed circuit boards, semiconductors, electric wires & cables, and integrated circuits among others. These components find their usage in the automotive industry. The rapid adoption of OLED panels, along with the advent of autonomous cars are supporting market growth in the automotive industry. OLED Automotive Display and LCD Automotive Display are the majorly installed electronic displays in the automotive industry. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020. According to the data published by OICA, India produced more than 3.3 million vehicles in 2020. According to the data published by the U.S. Department of Energy, approximately 244,000 EVs were sold in the United States in 2019.

Electronic Films Market Challenges:

High cost associated with ITO based films

Indium tin oxide (ITO) is one of the most widely used transparent conducting oxides. ITO is used to develop transparent conductive coatings for various displays such as liquid crystal displays, flat panel displays, plasma displays, touch panels, and electronic ink applications among others. ITO films are expensive compared to other films available in the market space. These films offer excellent optical transparency and high electrical conductivity. ITO is used in nanotechnology to provide a path to a new generation of solar cells. ITO costs several times more than aluminum zinc oxide (AZO) due to its superior properties.

Electronic Films Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Electronic Films market. Major players in the Electronic Films market are DowDuPont, Toray Industries, Inc., Gunze Limited, Nitto Denko Corporation, Saint-Gobain, The Chemours Company, and Toyobo Co., Ltd, TDK Corporation, 3M, and others

Acquisitions/Technology Launches

  • In December 2020, Toray launched Eco-Friendly EcouseR PET Films for electronic applications. The company planned to launch full-fledged sales of the new product after setting up an annual production capacity of 2,500 metric tons. 
  • In March 2019, DuPont planned to expand its electronic materials in the United States. The company plans to spend US$220 million on expanding capacity for its polyimide (PI) film and flexible circuit materials.

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1. Electronic Films Market- Market Overview
    1.1 Definitions and Scope 
2. Electronic Films Market - Executive Summary
    2.1 Key Trends by Film Type
    2.2 Key Trends by Density Type
    2.3 Key Trends by Material Type
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use Industry
    2.6 Key Trends by Geography
3. Electronic Films Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Electronic Films Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Electronic Films Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Electronic Films Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Electronic Films Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Electronic Films Market – By Film Type (Market Size -$Million/Billion)
    8.1 Non-conductive
    8.2 Conductive
9. Electronic Films Market – By Density Type (Market Size -$Million/Billion)
    9.1 High-Density Electronic Films
    9.2 Medium-Density Electronic Films
    9.3 Low-Density Electronic Films
10. Electronic Films Market – By Material Type (Market Size -$Million/Billion)
    10.1 Polymer
        10.1.1 Polyester 
        10.1.2 Polyphenylene 
        10.1.3 Nylon 
        10.1.4 Polyamide
        10.1.5 Others
    10.2 ITO on Glass
    10.3 ITO on PET
    10.4 Metal Mesh
    10.5 Copper Films
    10.6 Silicon dioxide Films
    10.7 Others
        10.7.1 Silver nanowire
        10.7.2 Carbon nanotubes
        10.7.3 PEDOT
        10.7.4 Micro fine wire
11. Electronic Films Market – By Application (Market Size -$Million/Billion)
    11.1 Electronic Display
    11.2 Printed Circuit Boards
    11.3 Semiconductors
    11.4 Electric Wires & Cables
    11.5 Integrated circuits 
    11.6 Rectifiers
    11.7 Transistors
    11.8 light- emitting diodes
    11.9 Micro- electromechanical systems (MEMS)
    11.10 Solar Cells
    11.11 Others
12. Electronic Films Market – By End-use Industry (Market Size -$Million/Billion)
    12.1 Automotive
        12.1.1 Passenger vehicles
    12.1.2 Light Weight Commercial vehicles
        12.1.3 Heavy commercial vehicles
    12.2 Aerospace & Defense
    12.3 Electrical & Electronics Industry
    12.4 Medical 
    12.5 Information & technology Industry
    12.6 Packaging Industry
    12.7 Media and Entertainment Industry
    12.8 Marine
    12.9 Retail
    12.10 Government Organizations
    12.11 Energy
    12.12 Construction & Architecture
    12.13 Others
13. Electronic Films Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 Italy
        13.2.4 France
        13.2.5 Netherlands
        13.2.6 Belgium
        13.2.7 Spain
        13.2.8 Denmark
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
    13.5.2 Africa South Africa Nigeria Rest of Africa
14. Electronic Films Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Electronic Films Market Matrix – Industry/Segment Competition Landscape Premium 
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Application - Major companies
    15.6 Market Share by Key Product Type/Product category - Major companies
16. Electronic Films Market – Key Company List by Country Premium Premium 
17. Electronic Films Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"