Thin and ultra-thin films are popular due to their lightweight materials that can be used to coat other materials such as metal or plastic. These films are widely used in a variety of applications, including photovoltaics (PV), corrosion protection, batteries, fuel cells, and paints & coatings. Thin-film materials are also utilized in photovoltaic (PV) cells, which convert ultraviolet radiation into electricity. The photovoltaic cell functions as a lightweight semiconductor. Furthermore, these PV cells can be utilized for laminating windows, which can replace standard glass windows and reduce production costs.
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Global Thin and Ultra-Thin Films Market was valued at USD 5,313.17 million in 2021 and is expected to reach USD 22,812.53 million by 2029, registering a CAGR of 15.40% during the forecast period of 2022-2029. The increased use of renewable energy has resulted in an increase in the global usage of solar panels. Thin sheets of semiconductors are placed on metal, plastic, or glass to form solar panels. The films are 20 times thinner than crystalline silicon, lowering the weight and making the solar panel more flexible. Thin and ultra-thin films are divided into two types: thin and ultra-thin.
Rising demand from solar and renewable energy industry is expected to drive the market's growth rate
The usage of thin film materials in the solar and renewable energy industries is a major driver of the market. The improved materials provide excellent coating, making thin films dependable. Given these factors, the global market demand for thin films material is expected to increase throughout the forecast period. The worldwide thin film materials market is expanding due to the developing market trends for MEMS and its applications in micro components. Thin-film materials are also utilized in photovoltaic (PV) cells, which convert ultraviolet radiation into electricity. The photovoltaic cell functions as a lightweight semiconductor. Furthermore, these PV cells can be utilized for laminating windows, which can replace standard glass windows and reduce production costs.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Coating Methods (Gaseous State, Solutions State, Molten or Semi-Molten State), Type (Thin, Ultra-Thin), Deposition Techniques (Physical Deposition, Chemical Deposition), Application (Electronics and Semiconductor, Renewable Energy, Healthcare and Biomedical Applications, Automotive, Aerospace and Defense, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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American Elements (U.S.), LEW TECHNIQUES LTD (U.K.), Denton Vacuum (U.S.), KANEKA CORPORATION (Japan), Umicore (Belgium), Materion Corporation (U.S.), AIXTRON (Germany), Kurt J. Lesker Company (U.S.), Vital Materials Co., Limited (China), AJA INTERNATIONAL, Inc. (U.S.), Praxair S.T. Technology, Inc. (U.S.), PVD Products, Inc. (U.S.), GEOMATEC Co., Ltd. (Japan), INTEVAC, INC. (U.S.), Plasma-Therm (U.K.), Arrow Thin Films, Inc. (U.S.), Super Conductor Materials, Inc. (U.S.), Angstrom Engineering Inc. (Canada), ThinFilms Inc. (U.S.), Orange Thin Films (Netherlands)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global thin and ultra-thin films market is segmented into four notable segments which are based on the basis of coating methods, type, deposition techniques and application.
- On the basis of coating methods, the global thin and ultra-thin films market is segmented into gaseous state, solutions state and molten or semi-molten state. In 2021, gaseous state segment dominated the global thin and ultra-thin films market with 50.85% market share. Coating methods segment is majorly shared by gaseous state and expected to grow at higher rate as this method is compatible with highest used deposition techniques such as PVD and CVD.
- On the basis of type, the global thin and ultra-thin films market is segmented into thin and ultra-thin. In 2021, thin segment dominated the global thin and ultra-thin films market with 73.61% market share. Thin type holds the largest market share in type segment considering wide usage of thin films, however ultra-thin is growing at a higher rate as it is latest type and is being rapidly adopted by solar panel manufacturers for end products.
- On the basis of deposition techniques, the global thin and ultra-thin films market is segmented into physical deposition and chemical deposition. In 2021, the physical deposition segment dominated the global thin and ultra-thin films market with 62.83% market share, considering its simple operation compared to complex and less efficient chemical deposition techniques.
The physical deposition segment dominated the deposition techniques segment of the thin and ultra-thin films market
The physical deposition segment emerged as the dominating segment under deposition techniques with approximately 63.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.
- On the basis of application, the global thin and ultra-thin films market is segmented into electronics & semiconductor, renewable energy, healthcare and biomedical applications, automotive, aerospace and defense, others. In 2021, electronics & semiconductor segment dominated the global thin and ultra-thin films market with 34.89% market share. Electronics & semiconductor dominates the application segment as thin films are widely used for wrapping and coating of semiconductor materials; however renewable energy is growing at a higher rate due to the rapid growth of solar sector and essential use of thin films and ultra-thin films in the solar panels.
The electronics & semiconductor segment dominated the application segment of the thin and ultra-thin films market
The electronics & semiconductor segment emerged as the dominating segment application segment. This is because of the growing number of electric motors in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: American Elements (U.S.), LEW TECHNIQUES LTD (U.K.), Denton Vacuum (U.S.), KANEKA CORPORATION (Japan), Umicore (Belgium), Materion Corporation (U.S.), AIXTRON (Germany), Kurt J. Lesker Company (U.S.), Vital Materials Co., Limited (China), AJA INTERNATIONAL, Inc. (U.S.), Praxair S.T. Technology, Inc. (U.S.), PVD Products, Inc. (U.S.), GEOMATEC Co., Ltd. (Japan), INTEVAC, INC. (U.S.), Plasma-Therm (U.K.), Arrow Thin Films, Inc. (U.S.), Super Conductor Materials, Inc. (U.S.), Angstrom Engineering Inc. (Canada), ThinFilms Inc. (U.S.), Orange Thin Films (Netherlands).
Market Development
- In 2020, Materion Corporation announced the acquisition of Optics Balzers, AG, a provider of thin film optical coatings, in June. The strategic acquisition will expand the company's thin film optical coatings range and geographical reach into Europe and Asia. The company gained an end market mix and a larger client base as a result of the acquisition.
- In 2019, INTEVAC, INC launched the Vertex Marathon System as a thin-film production platform in October. The innovative technique provided a foundation for thin film production for the display cover glass market. In addition, the company announced the introduction of the DiamondClad protective coating. The new system has expanded the company's product line.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the thin and ultra-thin films market during the forecast period 2022 to 2029
Given the region's increased acceptance of technology, Asia-Pacific (APAC) controls the thin and ultra-thin films industry. In terms of manufacturing capacity and import-export operations, the markets of India, China, South Korea, and Japan are expanding. China's consumer base is growing, and a growing economy like India's has increased its ability to handle goods.
North America is estimated to be the fastest growing region in the thin and ultra-thin films market in the forecast period 2022-2029
North America is predicted to increase significantly from 2022 to 2029 as a result of technological adoption and increasing pressure to minimize carbon emissions in the region. A rise in R&D, construction activities, and demand for autos and household electrical appliances has benefitted the North American thin film materials industry.
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