Market Highlights:
Transparent conducting films (TCFs) are electrically conductive material used in the manufacture of electronics such as liquid-crystal displays, light emitting diodes, touchscreens, photovoltaic etc. the combination of transparent and electrically conduciveness is very attractive due to its application in manufacturing screens, light emitting diodes (LED) and others. The global multilayer transparent conductors market is expected to generate an impressive double digit CAGR growth of 11.0 % resulting from explosive adoption of complementary technologies and end users and which will reach USD 6.3 Billion by 2023.
Market Dynamics:
Growing adoption of technologies such as light emitting diodes, touchscreens, liquid-crystal displays, and complementary devices such as laptops, LED televisions, and others are the critical drivers of the market for multilayer transparent conductors. Increasing adoption of advanced display smartphones has emerged as the most critical end use of the multilayer transparent conductors market.
Technological advantages such as development of low cost carbon nanotube films are other factors driving the growth of multilayer transparent conductors market. Support of governments across the world for solar energy is cruising the market to new heights. The market can be disruptive as Graphene, a low cost carbon material has shown to be a promising transparent conductor.
Product development and technical drivers of the market include adoption of transparent conducting films in eyeglasses, lenses and others.
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Restraints
The restraints on the market are fragility, inflexibility of the multilayer transparent conductors, shortage of raw materials such as rare earths, high cost of manufacture, and others. The growing stringency of environmental and manufacturing regulations are hampering the market and so is the concerns over electronic wastes.
Key Players:
The dominant players in multilayer transparent conductors market are Fujifilm Holdings Corporation (Japan), 3M Company (U.S.), Canatu OY (Finland), Thin Film Devices Inc. (U.S.), Nitto Denko Corporation (Japan), DuPont Teijin Films (Japan), Abrisa Technologies (U.S.), Dontech Inc. (U.S.), Toyobo Co., Ltd. (Japan), Eastman Kodak (U.S.) and others.
The Multilayer Transparent Conductors Market is growing rapidly over 11% of CAGR and is expected to reach at approx. USD 6.3 Billion by the end of forecast period.
Multilayer transparent conductors market has been segmented on the basis of type, material and application. The type segment is bifurcated into carbon nanotubes films, indium tin oxide thin films (ITO), nano silver-based transparent conductors, metal grids and conductive polymers.
Increasing adoption of advanced display technologies is another major factor driving the growth of multilayer transparent conductors market. Owing to recent developments in thin film solar cells, there has been a tremendous increase in the applications of multilayer transparent conductors. This is one major factor driving the growth of multilayer transparent conductors market.
The major factor restraining the growth of multilayer transparent conductors market is the lack of awareness and high coast and fragile nature of the conductors. This could be a major factor that could cause hindrance in the growth of multilayer transparent conductors market. The inflexible nature and low conduciveness are other factors that could hamper the growth of multilayer transparent conductors market.
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Regional Analysis:
North America accounts for the largest share of the market owing to larger adoption and consumption of electronics, technological advancements, faster product lifecycle, faster adoption of new technology and high per capita income. Europe accounts for the second largest market owing to similar factors such as large electronic device use and others. Germany, France and the U.K. are charging the European market.
Asia-Pacific is projected to generate the fastest growth during the forecast period owing to fastest adoption of smartphones and electronics, emergence of china as a large industrial base, economic development and others. However the Asia Pacific market is led by Japan owing to large per capita use of advanced electronics and the presence of key players like Nitto Denko Corporation, Fujifilm Holdings Corporation.
The Middle East and Africa market is expected to generate a moderate growth owing to poor economic conditions of Africa. The Gulf economies have poor capacity and capability of manufacturing and are dependent on imports for most of their needs.
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