The application of thin film is extended to various industry verticals, it is being used to provide coating to the surface for wear-resistant. The demand for renewable energy is increasing and government is taking various initiatives to introduce various projects for renewable energy source. Wind energy is primarily targeted by the government to produce electricity with low carbon emission.
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Global thin and ultra-thin films market is expected to reach USD 17,130.08 million by 2027 from USD 6,841.13 million in 2019 growing with the CAGR of 14.9% in the forecast period of 2020 to 2027. The growth in the renewable source of energy has led to the growth in adoption of solar panels globally. The solar panels are made of thin films of semiconductors deposited on metal, plastic or glass. The films are 20 times thinner than crystalline silicon, reducing the solar panel's weight and making it more flexible. Thin and ultra-thin films are categorized by type into thin and ultra-thin.
The growing demand in wind energy sources for power generation across the world will drive the market's growth rate
The increasing growth in renewable energy source for generation of electricity is increasing with the larger use of wind turbines; these turbines are using thin film coating for the protection of blades. This growing demand and initiatives to increase the wind energy sources is a major growth factor for the global thin and ultra-thin films market.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2020 to 2027
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Base Year
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2019
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Historic Years
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2018 (Customizable to 2013 - 2018)
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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) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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.
The physical deposition segment will dominate the deposition techniques segment of the thin and ultra-thin films market
The physical deposition segment will emerge as the dominating segment under deposition techniques with approximately 62.00% 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.
The electronics & semiconductor segment will dominate the application segment of the thin and ultra-thin films market
The electronics & semiconductor segment will emerge 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 market players in market: 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.) and GEOMATEC Co., Ltd. (Japan).
Market Development
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 thin and ultra-thin films market during the forecast period 2020 - 2027
Owing to the growing acceptance of technology in the region, Asia-Pacific (APAC) controls the market for thin and ultra-thin films.
North America is estimated to be the fastest growing region in thin and ultra-thin films market the forecast period 2020 - 2027
Owing to the adoption of technology and mounting pressure to cut carbon emissions in the region, North America will experience significant growth between 2022 and 2029.
COVID-19 Impact
The market for thin and ultra-thin films was disrupted by COVID-19. Electronic paper (e-paper) display technology's sales and production were restricted by low investment costs and a labour shortage. The government and major market actors introduced new safety measures to develop the practices. The correct audience was targeted by technological developments, which increased the sales rate of thin and ultra-thin films. In the post-pandemic environment, the increased sales of consumer electronics are anticipated to further fuel market expansion.
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Global Thin and Ultra-Thin Films Market – Industry Trends and Forecast to 2029
Europe Thin and Ultra-Thin Films Market – Industry Trends and Forecast to 2027
North America Thin and Ultra-Thin Films Market – Industry Trends and Forecast to 2027
Middle East and Africa Thin and Ultra-Thin Films Market – Industry Trends and Forecast to 2027