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Electronics Films Market - By Material (Polymer Films, Metal Films, Oxide Films), By Technology (Deposition Techniques, Layer Structure, Functional Coatings), By Application & Forecast, 2024 - 2032

  • Report ID: GMI8732
  • Published Date: Mar 2024
  • Report Format: PDF

Electronics Films Market Size

Electronics films market was valued at over USD 9.5 billion in 2023 and is estimated to register over USD 16.5 billion in 2032 at a CAGR of over 6.3% between 2024 & 2032. The proliferation of smartphones, tablets, laptops, smart TVs, wearables, and other consumer electronics fuels the demand for electronic films. These films are used in various applications such as display screens, touch panels, printed circuit boards (PCBs), flexible circuits, and packaging, supporting the expansion of the consumer electronics market globally.
 

Electronics films market

The shift towards lightweight and flexible electronic devices drives the adoption of electronic films with properties such as thinness, flexibility, and durability. Films like polyimide, polyester, and transparent conductive films enable the fabrication of flexible displays, wearable sensors, flexible circuits, and rollable electronic devices, catering to consumer preferences for sleek and portable gadgets. Furthermore, the rising demand for renewable energy sources such as solar power drives the demand for electronic films used in photovoltaic (PV) cells and modules. Films with properties like high transparency, UV resistance, and weatherability are essential for enhancing the performance and longevity of solar panels, supporting the growth of the solar energy market worldwide. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production by the global electronics and IT industry was estimated at USD 3,436.8 billion in 2022, registering a growth rate of 1% year on year, compared to USD 3,360.2 billion in 2021. Moreover, the industry is expected to reach USD 3,436.8 billion, with a growth rate of 3% year on year, by 2023.
 

The production of electronic films often involves the use of chemicals and materials that can be harmful to the environment. Additionally, the disposal of electronic films at the end of their lifecycle can lead to pollution and contribute to electronic waste (e-waste) accumulation. Without proper management practices, such as recycling and responsible disposal, electronic films can have a significant negative impact on ecosystems and human health. With the growing demand for electronic films, there's a risk of increased environmental impact due to the production, use, and disposal of these materials. Without proper management and recycling practices, electronic films can contribute to pollution and waste generation. . The increasing demand for electronic films can exacerbate resource depletion, leading to environmental degradation and competition for scarce resources. Additionally, the production of certain materials used in electronic films, such as rare earth elements, may raise concerns about sustainability and ethical sourcing practices.
 

Electronics films Market Trends

With rising awareness of environmental issues, there is a notable trend in the electronic film market towards the development and adoption of sustainable and eco-friendly solutions. Companies are investing in research and development to create electronic films made from renewable or recycled materials, as well as exploring manufacturing processes that minimize environmental impact. This trend aligns with consumer preferences for products that are environmentally responsible and contribute to sustainability efforts. For example, the introduction of foldable smartphones such as the Samsung Galaxy Z Fold series and the Motorola Razr has fueled the demand for electronic films capable of withstanding repeated bending and folding without compromising performance. In Another instance, Companies like Eastman Chemical Company have introduced sustainable electronic film solutions, such as Eastman Tritan Renew copolyester, which contains up to 50% recycled content derived from post-consumer waste.
 

As consumer preferences shift towards devices with flexible and foldable screens, there is a growing trend in the electronic film market towards films that can accommodate these innovative display technologies. Films with properties such as flexibility, durability, and transparency are in high demand to enable the development of next-generation electronic devices, including smartphones, tablets, and wearable gadgets. Further, 3M Company has implemented eco-friendly manufacturing practices, such as water-based coating technologies and solvent-free adhesives, to reduce emissions and minimize the environmental footprint of its electronic film production processes.
 

Electronics films Market Analysis

Electronic Film Market Size, By Material, 2022 - 2032, (USD Billion)

Based on material, the market is divided into polymer films, metal films, oxide films, others. The polymer films segment is expected to register a CAGR of over 6.5% during the forecast period.
 

  • Polymer films constitute a significant segment in the electronic films market due to their versatile properties and wide-ranging applications in electronic devices and components. These films are composed of various types of polymers, each offering unique characteristics suitable for specific applications.
     
  • PET films are commonly used in applications requiring high tensile strength, dimensional stability, and transparency. They are utilized in electronic displays, touchscreens, printed circuit boards (PCBs), and packaging films. PI films exhibit exceptional thermal stability, chemical resistance, and mechanical strength, making them ideal for high-temperature applications. They are used in flexible circuits, insulation layers, and protective coatings in electronic devices.
     
Electronic Film Market Share, By Application, 2023

Based on application, the market is divided into displays, photovoltaic cells, semiconductors, smart windows, printed electronics, anti-static films. The displays segment dominated the global market with a share of over 32% in 2023.
 

  • The displays segment is experiencing a rapid increase in demand within the electronic films market due to several factors driving its growth. With the proliferation of smartphones, tablets, laptops, smart TVs, and other electronic devices, there is a rising need for advanced display technologies that offer enhanced performance, durability, and visual quality. Electronic films play a crucial role in displays by providing functionalities such as protection, insulation, and optical enhancement.
     
  •  Additionally, the emergence of innovative display technologies such as OLED (Organic Light Emitting Diode), flexible displays, and transparent displays is further fueling the demand for specialized electronic films tailored to these applications. Flexible displays are gaining popularity as they enable the development of foldable smartphones, wearable devices, and automotive displays with bendable and curved screens. Moreover, the increasing adoption of displays in automotive interiors, healthcare devices, and industrial applications is driving the expansion of the electronic films market in this segment, offering significant opportunities for manufacturers and suppliers.
     
China Electronic Film Market Size, 2021-2032, (USD Billion)

Asia Pacific dominated the global electronics films market in 2023, accounting for a share of over 35%. Asia Pacific countries, particularly China, India, South Korea, and Taiwan, are witnessing rapid industrialization and urbanization, leading to increased demand for electronic devices and components. This drives the demand for electronic films used in displays, semiconductors, printed electronics, and other applications. Asia Pacific is home to some of the world's largest electronics manufacturers and suppliers. Countries like China, Japan, South Korea, and Taiwan have well-established electronics manufacturing ecosystems, attracting investments from global technology companies.
 

The expansion of the electronics manufacturing sector fuels the demand for electronic films for various applications. The continuous income growth resulted in a rise in the population's per capita disposable income, which is expected to benefit the demand for electronic goods in China. The expansion of the middle and high-income populations is expected to propel the demand for electronics. According to the National Bureau of Statistics of China, the revenue in the consumer electronics and household appliances segment is expected to show an annual growth rate of 2.04%, resulting in a projected market volume of USD 175,670 million by 2025.
 

Electronics films Market Share

3M and DuPont de Nemours, Inc. Hold a significant market share of over 15% in the electronics films industry. 3M is a leading player in the electronic films market, offering a diverse range of high-performance films for various applications. With a strong emphasis on innovation and sustainability, 3M's electronic films are known for their reliability, durability, and advanced functionalities. The company's commitment to research and development ensures that its electronic films meet the evolving needs of the electronics industry while adhering to stringent environmental standards.
 

Some of the major players in the market are 3M Company, Arkema S.A., Covestro AG, DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, LG Chem Ltd. These major players applying strategies like product innovations and mergers and acquisitions. Also, companies are involved in several growth and expansion strategies to gain a competitive advantage in the market.
 

Electronics films Market Companies

Major players operating in the electronics films industry are:

  • 3M Company
  • Arkema S.A.
  • Covestro AG
  • DuPont de Nemours, Inc.
  • Eastman Chemical Company
  • Evonik Industries AG
  • LG Chem Ltd.
     

Electronics films Industry News

  • In December 2023, DuPont announced that Coryor Surface Treatment Company Ltd. and Nippon Paint Taiwan have introduced a series of new offerings including printed Tedlar PVF solutions and PVF coating in Taipei Building Show, the largest building materials exhibition in Taiwan. DuPont worked very closely with Coryor Surface Treatment Co. to launch the printed PVF film solutions featured at the show. This innovative PVF product made with Tedlar is one of the Coryor’s AAMALON applications series, which is focused on better weathering resistance among other performance benefits.
     

Electronics films market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Materials

  • Polymer films
  • Metal films
  • Oxide films
  • Others

Market, By Technology

  • Deposition techniques
  • Layer structure.
  • Functional coatings

Market, By Application

  • Displays
  • Photovoltaic cells
  • Semiconductors
  • Smart windows
  • Printed electronics
  • Anti-static films

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for electronics films was valued at over USD 9.5 billion in 2023 and is estimated to cross USD 16.5 billion by 2032, driven by the proliferation of smartphones, tablets, laptops, smart TVs, wearables, and other consumer electronics.

Polymer films segment held a decent market share in 2023 and is expected to register a CAGR of over 6.5% through 2032, due to their versatile properties and wide-ranging applications in electronic devices and components.

Asia Pacific electronics films market held a revenue share of over 35% in 2023 and is set to gain traction till 2032, driven by rapid industrialization and urbanization, leading to increased demand for electronic devices and components.

3M Company, Arkema S.A., Covestro AG, DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, LG Chem Ltd. are some of the major industry contenders.

Electronics Films Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 295
  • Countries covered: 22
  • Pages: 210
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