Newark, NJ, May 26, 2022 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, The global transparent conductive films market is expected to grow from USD 4.47 billion in 2019 to USD 9.23 billion by 2027, at a CAGR of 9.5% during the forecast period 2020-2027. North America is expected to dominate the market during the forecast period. The growth can be attributed to surging demand for smartphones and consumer electronics owing to high-end consumer lifestyles. Asia-Pacific region is anticipated to witness the highest growth rate during the forecast period. China and Japan are the major markets in the region, with a large number of electronic device manufacturers. The increasing population and a rise in disposable incomes of the population is resulting in a change in consumer lifestyles owing to increased use of electronic devices in the region. The high population of youth has contributed to increased demand for smartphones driving the growth of transparent conductive films market.
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Some of the leading players of the market include Nitto Denko Corporation, 3M Company, Toyobo Corporation, Eastman Kodak, Dupont Teijin Films, Fujifilm Holdings Corporation, DONTECH Inc, Canatu Oy, Cambrios Technologies Corporation, and Rolith. The companies are focusing on increasing their capacities and innovative product launches.
This study delivers a comprehensive analysis of types of technology, application, and regions. On the basis of technology, the market can be divided into Indium Tin Oxide (ITO) on glass, ITO on PET, metal mesh, silver nanowires, carbon nanotubes. ITO films are expected to dominate the market during the forecast period. The technology reaching its performance limit has undermined its market dominance and led to a shift of demand towards new substitutes. Silver nanowires and metal mesh provides better quality and resistance than ITO technology contributing to the high growth of the market. On the basis of application, the market can be divided into smartphones, tablets, notebooks, LCDs, and wearable devices. Smartphones segment is expected to dominate the market due to the rising number of smartphone users and high demand for better transparency and high-quality display. The increase in demand for organic photovoltaics and the dye-sensitized solar cell will further contribute to market growth. The widespread demand across different applications is expected to increase the demand for touchscreen devices and portable computing devices driving the market growth.
The increase in demand for smartphones and other electronic and communication devices is the major driver for market growth. The surge in demand for high transparency, low resistance, and high conductivity will fuel the growth of the market. The increasing demand for consumer electronics and widespread photovoltaic and display applications will contribute to market growth. The high-tech and varied features like slenderness, minimal reflection, flexibility, and robustness is expected to increase the market growth.
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The global transparent conductive films market is analysed on the basis of value (USD Billion). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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