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(MoneyNewsWire.Net, July 17, 2018 ) The Transparent conductive films market is expected to register a significant growth rate during the forecasted period, 2018-2023. In 2017, Asia-Pacific dominated the global transparent conductive films market with a market share of more than 60%.
Key Leading Major Players: 3M, Nitto Denko Corporation, OIKE & Co., Ltd., Asahi Glass Co., Ltd, Fujifilm, Hitachi Chemical Co., Ltd., Kodak, Teijin Ltd., and Toray Advanced Film Co. Ltd., among others.
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Growing Usage of Transparent Conductive Films in Consumer Electronics is Driving the Market
Transparent conductive films owing to their surface resistivity, high transparency, electrical conductivity, and superior durability is widely used to manufacture various consumer electronic devices such as LCDs, LEDs, smartphones, laptops, and tablets, among other display devices. The market for consumer electronics is growing at a significant pace owing to continuous introduction of technologically advanced devices, rising internet usage, increasing expendable income of the working population, and declining prices of various consumer electronic devices such as smartphones. For instance, in India, according to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the consumer electronics market is expected to register a growth rate of around 9% in the coming years. Such positive growth in the consumer electronics market is expected to increase the consumption of transparent conductive films through the forecast period. According to our analysis, the smartphone application was the leading segment in this market.
Carbon Nanotubes to Hold a Significant Position in the Market through 2023
Carbon nanotubes segment is expected to be the fastest growing market through the forecast period. Exceptional properties of carbon nanotubes including extraordinary thermal conductivity, superior mechanical strength, better electrical conductivity, and flexibility are some of the reasons for them getting such a wide acceptance in the consumer electronics market and is expected to have a severe impact in the coming years to revolutionize the electronics market. Moreover, the rising price of indium coupled with its limited geographical availability is also expected to positively impact the carbon nanotubes market during the forecast period.
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Asia-Pacific – the Dominating Regional Market
Asia-Pacific accounted for the largest market for transparent conductive film driven primarily owing to the massive electronics manufacturing sector in China. Other countries, such as Japan, South Korea, and India too doesn’t lag behind and are among the top ten consumer electronics manufacturing countries globally. With the Indian electronics industry set to receive a USD 2 billion investment from Next Orbit Ventures (an Abu Dhabi based fund), Xiaomi focusing on India with a USD 1 billion investment, and various other Chinese companies highly investing to expand their own production; the market for transparent conductive films in Asia-Pacific region will rise sharply through the forecast period.
In 2017, Asia-Pacific dominated the global transparent conductive films market with a market share of more than 60%.
Notable Developments
April 2018: Nippon Sheet Glass Co Ltd (NSG) Developed a 0.7mm-thick glass equipped with transparent conductive film
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