Polymer segment leads growth in global demand Global Electronic Films market


The Global Electronic Films market  is expected to grow from US$7.32 bln in 2017 to US$12.18 bln in 2025 at CAGR of 6.57% during the forecast period from 2018-2025, as per a report by Fior Markets. Material segment consists of polymer, ITO on glass, ITO on PET, metal mesh and others. Polymer segment led the demand with 41.92% market share by revenue in 2017. ITO on glass type electronic films is expected to witness growth at 7.89% CAGR over the forecast period on account of its utilization for manufacturing of aircraft cockpit windows. Rising demand for smartphones, tablets, as well as increasing adoption of touch, enabled displays are proving to be the major driving force for the demand. High research and development, as well as manufacturing cost and volatility in the prices of raw materials, are proving to be the major restraining factors for the growth of electronic films.

Asia Pacific region is projected to hold its dominance over the market for electronics films on account of being global manufacturing hub for display and consumer electronics manufacturing. The film type segment includes conductive and non-conductive type. Conductive segment is expected to grow at 8.13% CAGR during the forecast period due to its potential for application in foldable display technology whereas non-conductive segment dominated the market with US$4.11 bln revenues in 2017 on account of its widespread utilization in display manufacturing.  Application segment is divided into electronic display, printed circuit boards, semiconductors and others. Display segment accounted for largest share of market for electronic displays with 62.25% of total market volume in 2017. Semiconductor segment is projected to grow at 8.79% CAGR over forecast period due to its application for manufacturing of semiconductors. 

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