Thin and Ultra-Thin Films Market is expected to grow with the CAGR of 14.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Thin and ultra-thin films market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in thin and ultra-thin films market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2020, Praxair S.T. Technology, Inc. announced partnership with Siemens. This strategic partnership will assist Siemens with coating services for various industrial gas turbine and aerospace components. The partnership increased the client portfolio of the company.

Kaneka Corporation is the dominating player in thin and ultra-thin films market. The other key players existing in the market includes American Elements, LEW TECHNIQUES LTD, Denton Vacuum, Umicore, Materion Corporation, AIXTRON, Kurt J. Lesker Company, Vital Materials Co., Limited, AJA INTERNATIONAL, Inc., Praxair S.T. Technology, Inc., PVD Products, Inc., GEOMATEC Co., Ltd., INTEVAC, INC., Plasma-Therm, Arrow Thin Films, Inc., Super Conductor Materials, Inc., Angstrom Engineering Inc., ThinFilms Inc., Orange Thin Films among others.

Kaneka Corporation

Kaneka Corporation is headquartered in Tokyo, Japan and was founded in year 1949. The company is engaged in manufacturing of solar energy modules using thin-film silicon technology. Company operates in business segments such as material solutions, quality of life solutions, health care solutions, nutrition solutions out of which quality of life solutions are market focussed business segments. The company offers thin-film silicon which is market focused product category.

• In June 2012, Kaneka Corporation collaborated with imec, which is engaged in the research of nanoelectronics. This collaboration led to the development of next-generation heterojunction silicon solar cells to attain power conversion efficiency of 22.68%. The collaboration increased the product performance of the company.

The company has wide global presence across Americas, Europe, Middle East and Africa, Asia-Pacific with its various subsidiaries such as Eurogentec (Belgium), CEMEDINE CO., LTD. (Japan), Kaneka Belgium NV (Belgium), Kaneka India Pvt. Ltd (India), Kaneka New York Holding Company, Inc. (U.S.) among others.

Umicore

Umicore is headquartered in Brussels, Belgium and was founded in 1989. The company is engaged in material technology and recycling with major expertise in metallurgy, chemistry and materials Science. The company operates in business segments such as catalysis, energy & surface technologies, recycling out of which energy & surface technologies is market focused business segment. The company offers product categories such as rechargeable battery materials, electro-optic materials, electroplating, cobalt & specialty materials out of which electro-optic materials is market focused product category.

• In October 2017, Umicore announced its joint venture with First Rare Materials Co., Ltd., by selling it the selling of its indium tin oxide (ITO) puttering target activity First Rare Materials Co., Ltd. completely attained the ownership of ITO activity which produces sputtering targets.

The company has wide global presence across North America, Asia-Pacific, Europe, Africa, South America and generates revenue from subsidiaries such as Umicore Argentina SA (Argentina), Umicore Galvanotechnik GmbH (Germany), Umicore USA, Inc. (U.S.), Umicore Shokubai Japan Co., Ltd. (Japan), Umicore Precious Metals Canada Inc (Canada) among others.

Materion Corporation

Materion Corporation headquartered in Ohio, U.S. was founded in 1931. The company is engaged in providing material solutions to various customers to overcome technological challenges. The company operates in performance alloys and composites, advanced materials, precision coatings, and others business segments out of which precision coatings is market focused segment. The company offers product categories such as beryllium products, braze and solder alloys, clad metals, high performance alloys, inorganic chemicals, metal matrix composites, microelectronics packaging materials, precision optics, technical ceramics, thin film coatings, thin film deposition materials out of which thin film deposition materials is market focused category.

• In June 2020, Materion Corporation acquired Optics Balzers, AG, which is specializd in providing thin film optical coatings. The acquisition provided by the company with the end market mix and larger customer base. The strategic acquisition will enhance thin film optical coatings portfolio with increasing its geographic reach to Europe and Asia.

The company has presence across the globe in North America, Asia, and Europe. In addition, it also generates revenue from its subsidiaries such as Brush Wellman (Singapore) Pte Ltd (Singapore), Brush Wellman GmbH (Germany), Techni Met Inc (Canada), Materion Advanced Materials Germany GmbH (Germany), Materion Ireland Limited (Ireland) among others.