Global Market for Thin Films to Reach $435.7 Million by 2019; Optoelectronics Applications Represent the Highest Share with 56.6%
Wellesley, MA (PRWEB) December 02, 2014
BCC Research reveals in its new report that the increased market penetration of thin-films materials due to rising demand for portable, wearable and flexible electronics; the need for low-cost deposition processes; advancements in printing technologies; and a growing availability of nanomaterials with improved properties at reduced unit prices is projected to grow at a compound annual growth rate (CAGR) of 33.8% from 2014 to 2019, reaching global revenues of $ 435.7 million by 2019.
In the post-war era, the booming electronics industry has driven device miniaturization, and film fabrication processes have steadily evolved to the point of delivering increasingly thin, highly uniform, homogeneous films. Thin-film printing materials (TFPMs) currently represent a negligible share of this market (less than 1%) but their industry is predicted to rapidly surge in the near future compared to other thin-film materials. TFPMs for optoelectronic applications represent the largest share of the market with an estimated 56.6% of the total in 2014. Revenues within this segment are primarily driven by sales of TFPMs for new-generation displays, such as rigid and flexible Organic Light Emitting Diodes.
The electronics and energy sectors also account for significant shares of the market, with 21.2% and 18.6%, respectively, of the global TFPM market in 2014. The remaining applications combined currently represent a much smaller segment, with less than 5% of the total market.
Unconventional processes derived from thick-film technologies are currently estimated to account for less than 0.5% of the total market,” says BCC Research analyst Margareth Gagliardi. Thin-film processes based on printing of nanomaterials are becoming increasingly popular, but at the present time they still represent a small share of the entire thin-film industry.
Printing Materials for Thin Films: Technology and Global Markets provides an updated review of thin-film technologies, including subtractive and additive methods. Also, it identifies current and emerging applications for these technologies over the next five years.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
About BCC Research
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