A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Thin
Film Material
Market. The
study, titled “TThin
Film Materials Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
A
thin film is a layer of material ranging from a nanometer to
micrometers in thickness. Optical coatings and electronic
semiconductors are the primary applications of thin film materials.
Additionally, thin film materials are used in the manufacture of
household mirrors. These films are widely used for high density and
high frequency applications. They are used in photovoltaic solar
cells, among others.
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Increase
in technological miniaturization is expected to be the prime driver
of the thin materials market during the forecast period. Rising
awareness regarding the usage of solar energy is also anticipated to
boost the thin film material market during the forecast period.
Industrial applications of thin film materials such as optical
coatings and semiconductors coupled with domestic applications are
estimated to drive the demand for thin film materials over the next
few years. Furthermore, companies manufacturing thin films rely on
the government for funding and subsidies. Thus, government funding
provided to thin film material industries may open up new avenues for
the market. This is projected to propel the demand for these
materials in the near future. However, volatility in the availability
of raw materials may hamper the market over the next few years.
Research is being carried out on a new class of thin-film inorganic
oxide materials called amorphous heavy-metal cation multicomponent
oxides. These could be used to manufacture transparent transistors
that are inexpensive, stable, and environment-friendly.
Thin
film materials are divided into amorphous silicon, cadmium telluride,
and copper indium gallium selenide. Technologies include chemical
process and physical process. Thin film materials are used in various
applications such as solar cells, micro-electro-mechanical system
(MEMS), semiconductor, and electrical and optical coating.
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In
terms of demand, Asia Pacific was the leading region in the thin film
materials market in 2013. China accounted for the largest demand for
thin film materials in Asia Pacific owing to high demand in the
coatings industry in 2013. However, other countries such as India,
Japan, and South Korea are likely to exhibit higher demand for thin
film materials in the near future. Rising population and changing
lifestyles of consumers have been directly or indirectly driving the
market. This trend is projected to continue in the next few years.
Furthermore, growing awareness regarding exhaustible resources is
expected to boost market growth. Asia Pacific has experienced dynamic
economic growth in the past decade.
This
trend is anticipated to continue in the next fewyears. Asia Pacific
was followed by North America. The U.S. accounted for the largest
demand for thin film materials in the past decade. Demand for thin
film materials was high owing to increasing demand in various
applications. Europe held the third largest share of the thin film
materials market. Increasing demand for thin film materials in the
automobile industry is driving the thin film materials market in
Europe. Countries such as Germany and the U.K. were the major
consumers of thin film materials in Europe. However, stringent
environmental regulations associated with the Paints and coatings
industry in the European Union can act as a major restraint for the
market in the near future. The Rest of the World is anticipated to
experience stable demand for thin film materials in the near future.
Latin America is one of the largest markets for thin film materials
in the Rest of the World.
The
thin film materials market is highly competitive. It is an
oligopolistic market, wherein a few players dominate the market.
First Solar is the major player that holds monopoly in the Cadmium
telluride CdTe) market. Other players include Hanergy Holding Group
Limited, Kaneka Corporation, Ascent Solar Technologies, Inc., Anwell
Solar, Suntech Power Co. Ltd., and Moser Baer India Limited.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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