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Transparent Conductive Films Market

Transparent Conductive Films Market

Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Chemicals & Materials | Author Name: Harshad


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Transparent Conductive Films Market: Overview

The market size for the Transparent Conductive Films Market was USD 5182.4 million in 2021, and it is projected to grow at a CAGR of 10.5 percent during the forecast period. A range of optoelectronic devices, such as touchscreens, LCDs, OLEDs, electrochromic glass, solar panels, and more, use transparent conductive films, thin films comprised of optically transparent and electrically conducting materials. Indium tin oxide is used to generate the majority of these films. The additional components to create transparent conductive films include oxides, thin metal films, carbon nanotubes, silver nanowires, and conductive polymers.

The market for transparent conductive films has been significantly impacted by the growing use of these materials in the photovoltaic industry. This makes the expanding production of touch-enabled devices, especially in China and Japan, and the low power consumption feature of transparent conductive films a key reason driving the growth of the transparent conductive films market throughout the projection period. The market is primarily driven by smartphones' falling prices, customers' increasing use of touch-based user interfaces, low power consumption, reduced reflection, thinness, flexibility, and robustness. In June 2021, Canatu and DENSO, a pioneer in the mobility supply industry, signed a significant Joint Development Agreement. By signing this arrangement, the firms hoped to increase Canatu CNT's current output in terms of film production productivity.

Transparent conductive films are frequently used in producing smartphones, tablets, PCs, and other smart devices like smart wearables. TCF can be replaced with many options, but these alternatives offer additional benefits. Carbon nanotubes were developed to replace ITO and assist transparent conductive films in overcoming their limitations. Similar advantages of transparent conductive films apply to them. CNTs may be shaped, adaptable, and reasonably priced. They also offer superior environmental stability, enabling producers to avoid extra costs related to complying with environmental standards. Oct 2020: Canatu worked with a supplier of auto interiors, TS TECH. In this partnership, the businesses intended to present a product with a simple user interface and stunning design. To provide this solution, Canatu would combine its exclusive, flexible, and translucent Carbon NanoBud film with attractive door trim technology from TS TECH.

Transparent Conductive Films Market: COVID-19 Impact

The electronics and semiconductor industries suffered greatly due to the COVID-19 epidemic. Numerous countries suspended their factories and business operations during the pandemic due to a spike in COVID-19 cases. Additionally, the partial or complete shutdown has impacted the global supply chain, making it challenging for businesses to reach their customers. The COVID-19 epidemic severely harmed both society and the world economy. This pandemic's effects are growing every day and destabilizing the sector. Uncertainty in the stock market brought on by the crisis is creating a decline in company confidence, a significant slowdown in supply chains, and an increase in customer anxiety.

Transparent Conductive Films Market: Drivers

Widespread Use of Cellphones Has Spread Quickly and Has Helped Fuel Market Growth

The use of smartphones is rising as the world becomes more digital. The growing population, availability, and affordability of smartphones on the market have all contributed to an increase in smartphone adoption. People buy smartphones to make their daily duties more efficient. Additionally, users now have various options for the finest cell phones because of the growing popularity of smartphones worldwide. Smartphones may greatly simplify a variety of chores. For instance, even the most basic smartphone in the contemporary period will include a built-in camera, clock, calculator, and other functions. Smartphones are incredibly practical and may take the place of several large instruments, which take up more space.

A Growing Number of Government Initiatives and Affiliates Has Helped Fuel Market Growth

Government funding for smartphone manufacturing is steadily rising. Imports of smartphones drive up the price of cell phones, preventing their widespread use. By offering incentives, many nations promote domestic smartphone production. Recently, a large number of high-quality phones with a variety of features have been released on the market. These alluring mobile phones entice people to buy them, but security is also a major worry. If the displays on these phones break for any reason, they cannot be repaired to appear brand new. These phones usually have tempered glass used as protection.

Transparent Conductive Films Market: Restraints

Availability of Substitutes in Market is a Major Restraint

Transparent conductive films are frequently used in producing smartphones, tablets, PCs, and other smart devices like smart wearables. TCF can be replaced with many options, but these alternatives offer additional benefits. Carbon nanotubes were developed to replace ITO and assist transparent conductive films in overcoming their limitations. Similar advantages of transparent conductive films apply to them. CNTs may be shaped, adaptable, and reasonably priced. They also offer superior environmental stability, enabling producers to avoid extra costs related to complying with environmental standards.

Transparent Conductive Films Market: Segment Overview

Indium Tin Oxide (ITO) is Exceedingly Sturdy and Thus Dominated Market

Indium Tin Oxide (ITO) on Glass, Indium Tin Oxide (ITO) on PET, Silver Nanowire, Carbon Nanotubes, and Others are the market segments based on the kind of material. The PET-based Indium Tin Oxide (ITO) segment accounted for a sizeable portion of the transparent conductive films market's revenue in 2021. ITO-on-PET is in high demand on the market as a whole. Due to the unknowns around the price of raw indium, many people are investigating alternatives. Additionally, the limited sheet resistance (150–350 ohm/sqr) would not meet the needs of developing applications. ITO-on-PET is somewhat flexible, but if bent excessively or repeatedly, it will break. These elements are accelerating the development of this market.

Smartphones Dominated Segment Due to its Wide Variety Of Uses

The market is divided into smartphones, notebooks, tablets, personal computers, wearable technology, and others based on application. The market for transparent conductive films saw the biggest revenue share in 2021 go to the smartphones category. The increasing number of smartphone users worldwide is to blame for this segment's increasing rise. In addition, smartphones have evolved into a need of life due to their abundance of practical features like calculators and alarm clocks. As a result, this element is driving this market segment's expansion.

Transparent Conductive Films Market: Regional Landscape

Asia-Pacific Dominated Market Due to Rising In Automotive Sector

The transparent conductive films market's greatest revenue share in 2021 belonged to Asia-Pacific. Due to increased demand for luxury vehicles and rising adoption costs for cutting-edge technologies, the region's rapidly growing automotive industry is significantly accelerating the expansion of the regional transparent conductive films market. In addition, the regional solar power industry's expanding use of transparent conductive films would stimulate market expansion in the years to come. The market for transparent conductive films in North America is expected to expand significantly due to the region's booming electrical and electronics industry and rising smartphone demand. Several businesses are working on research and development projects to investigate the market for transparent conductive films. Due to the abundance of developed businesses in the area, various other consumer gadgets, such as all-in-one computers and laptops, will drive the industry. In March 2022, Panasonic Corporation announced that its Industry Company had used its specialized roll-to-roll fabrication method to create a double-sided full wire transparent conductive film with low resistance and great transmissivity. A transparent conductive film with excellent properties has recently been required due to improving image quality and larger touch displays, prompting the ongoing development of a metal mesh. Compared to conventional etching techniques with a high aspect ratio, Panasonic's original roll-to-roll fabrication method allowed a wiring width of 2 m, resulting in a transparent conductive film with low resistance and high transmissivity.

Transparent Conductive Films Market: Competitive Landscape

In June 2021, Canatu and DENSO, a pioneer in the mobility supply industry, signed a significant Joint Development Agreement. By signing this arrangement, the firms hoped to increase Canatu CNT's current output in terms of film production productivity. Oct 2020: Canatu worked with a supplier of auto interiors, TS TECH. In this partnership, the businesses intended to present a product with a simple user interface and stunning design. To provide this solution, Canatu would combine its exclusive, flexible, and translucent Carbon NanoBud film with attractive door trim technology from TS TECH. The thinnest transparent silver film has been developed by the University of Michigan. The researchers discovered that mixing a little silver with aluminum may create the thinnest and smoothest film, revolutionizing the era of flexible and touchscreen screens.

Few of the players in the Transparent Conductive Films Market include Teijin Ltd (Japan), Toyobo Co., Ltd (Japan), C3Nano (U.S.), TDK Corporation (Japan), Canatu Oy (Finland), Nitto Denko Corporation (Japan), Gunze (Japan), Cambrios Technologies Corporation (U.S.), Dontech Inc. (U.S.), and Blue Nano Inc. (U.S.).

The Transparent Conductive Films Market is Segmented as Below:

By Application:

  • Smartphones
  • Tablets
  • Notebooks
  • LCDs
  • Wearable Devices
  • Others

By Material:

  • ITO on Glass
  • ITO on PE
  • Silver Nanowires
  • Metal Mesh
  • Carbon Nanotubes
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Transparent Conductive Films Market

  • Transparent Conductive Films Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2021
  • Volume Consumption at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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Disclaimer:

  • The segmentation/company profiles/countries depicted above may vary in the actual report.

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