The global thin and ultra-thin films market has been envisioned in a research report, published by Transparency Market Research (TMR), to grip a reasonably consolidated nature. In 2015, three of the leading companies for thin and ultra-thin films had earned a commanding share of nearly 35.5%. Corning Incorporated, Kaneka Corporation, and E.I. du Pont could continue securing this lead in the market while riding on their improved product offerings delivering superior performances.

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As per the numerical analysis presented in the TMR report, the global thin and ultra-thin films market could rake in an impressive US$115.41 bn by 2024. In 2015, the market had been worth an only US$32.78 bn. This substantial rise of the market has been anticipated to be on the back of a 15.1% CAGR expected to take shape between 2016 and 2024.

By end-user segmentation, thin film electronics could draw a significant share of 64.9% by the end of the forecast timeframe. The dominance of this end-user market for thin and ultra-thin films has been predicted to be retained from 2015. According to the report’s geographical analysis, Asia Pacific could be a frontrunner in the global market while being poised to secure a 24.1% share by the concluding forecast year.

Growing Miniaturization Trend in Semiconductors and Electronics Inflates Adoption

The demand for thin and ultra-thin films could be supported by increased adoption across concerned industries. For instance, the semiconductors and electronics sector has been envisaged to provide a good momentum to the world thin and ultra-thin films market by augmenting the level of uptake on account of several advantages of the products. Moreover, the surging trend of miniaturization in this sector could considerably boost the growth of the market.

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Other sectors such as aerospace and defense could also further the growth of thin and ultra-thin films. According to the authors of the report, such sectors could exhibit a keen interest in using thin and ultra-thin films for the reason that they offer reduced weight and enhanced speed, efficiency, and power. Furthermore, the development of nanotechnology has been forecasted to bring in some favorable prospects for market players.

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