Middle East and Africa Transparent Conductive Films Market, By Material (ITO on Glass, ITO on Pet, Silver Nanowires, Metal Mesh, Graphene, Carbon Nanotubes, Pedot and Others), Application (Smartphones, DSSCS, Tablets, Notebooks, PCs, TV Displays, OLED Lighting, OPV, Wearable Devices and Others), Country (U.A.E, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Transparent Conductive Films Market
Middle East and Africa transparent conductive films market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 9.1% in the forecast period of 2021 to 2028 and expected to reach USD 940,178.65 thousand by 2028.
Transparent conductive films are thin films made consisting of optically transparent and electrically conducting materials that are used in a variety of opto-electronic devices, including touchscreens, LCDs, and OLEDs, electrochromic glass, solar panels, and more. Indium tin oxide is used to make the majority of these films (ITO). Silver nanowires, conductive polymers, thin metal films, carbon nanotubes, and oxides are among the other materials used to make transparent conductive films.
The increasing usage of transparent conductive films in the photovoltaic sector has had a significant impact on the expansion of the market for transparent conductive films. In line with this, high production rate of touch-enabled devices especially in China and Japan, and the low power consumption property of transparent conductive films, is a key determinant favoring the growth of the transparent conductive films market during the forecast period.
However, the various problems associated with the production of transparent conductive films, and high operating cost for manufacturing conductive films, may act as major restraints on the growth rate of the transparent conductive films market. On the other hand, the fluctuation in the prices of raw materials also has the potential to challenge the growth of the transparent conductive films market during the forecast period.
This transparent conductive films market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Transparent Conductive Films Market Scope and Market Size
Middle East and Africa transparent conductive films market is segmented into two notable segments which are based on the material and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the Middle East and Africa transparent conductive films market is segmented into ITO on glass, ITO on pet, silver nanowires, metal mesh, graphene, carbon nanotubes, pedot and others. In 2021, the ITO on glass segment is expected to dominate the market as ITO on glass have good strength.
- On the basis of application, the Middle East and Africa transparent conductive films market is segmented into smartphones, tablets, notebooks, PCs, TV displays, OLED lighting, OPV, DSSCS, wearable devices and others . In 2021, smartphones is projected to dominate the Middle East and Africa transparent conductive films market as they are mostly used.
Middle East and Africa Transparent Conductive Films Market Country Level Analysis
Middle East and Africa transparent conductive films market is segmented into two notable segments which are based on the material and application.
The countries covered in Middle East and Africa transparent conductive films market report are U.A.E, Saudi Arabia, Egypt, Israel, South Africa, and rest of Middle East and Africa. U.A.E has been dominating the Middle East and Africa transparent conductive films market due to increasing usage of transparent conductive films in the photovoltaic sector in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Demand Of Conductive Films On The Consumer Electronics Industry
Consumer electronics or home electronics, are electric devices designed for everyday use, generally in private homes. Consumer electronics encompass a variety of gadgets used for entertainment, communication, and recreation which includes mobile phones, TVs, and circuit boards among others.
Increased consumer spending throughout the world is accelerating the expansion of the electronics sector. Consumer demand for electronics rises in response to the growth of developing countries. Electronics-producing countries have large customer bases who can afford innovative electronic items, resulting to a growth of Middle East and Africa transparent conductive films compounds market. Increasing demand from end users, especially in the field of consumer electronics, and rapid technological development have forced OEMs to continually introduce new products to the market.
Moreover, greater competition is pushing down the price of electronics manufacture, making items even more affordable for small businesses. China has always been a major manufacturer of electronics and is now a key market for consumer and industrial electronics. Within the next several decades, Asia's share of the Middle East and Africa electronics market is anticipated to be around half of the world market, driving the demand of Middle East and Africa transparent conductive films market.
Competitive Landscape and Transparent Conductive Films Market Share Analysis
Middle East and Africa transparent conductive films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to transparent conductive films market.
The major market players engaged in the Middle East and Africa transparent conductive films market are CAMBRIOS, GUNZE LTD., C3Nano, CANATU, DONTECH, INC., TOYOBO CO., LTD., TDK Corporation, TEIJIN LIMITED, NITTO DENKO CORPORATION, & XTPL among others.
For instance,
- In July, 2021, TEIJIN LIMITED started operating commercially to manufacture carbon fibre products including prepreg, a fiber sheet pre-impregnated with matrix resin as an intermediate material for composites in Vietnam. This has increased the production capacity of the firm and hence leading to the growth of the company
- In March, 2021, NITTO DENKO CORPORATION strengthened oligonucleotide therapeutic manufacturing business in Japan. The investment significantly increased the manufacturing capacity of its oligonucleotide therapeutic business
- In May, 2021, Toyobo Co., Ltd. joined the JMTC Chemical and Materials Investment Limited Partnership, an investment fund to accelerate start-ups engaged in developing new materials, as a first-close investor. This partnership has increased the output of the firm which in turn increased the profit of the company
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