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)
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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