Transparent Conductive Films Market Outlook – 2020
Global Transparent Conductive Films (TCF) Market is forecast to reach $5.86 billion by 2020, growing at a CAGR of 17.2% during the forecast period (2014 – 2020). About 24.7 million sq. meter of TCF has been consumed globally in 2013. Volume consumption is expected to grow at a higher pace as result of price erosion during the forecast period.
Transparent Conductive Films Market is in the progressive phase of its life cycle. However, many novel technologies are in its nascent stage. This market comprises of technologies implemented in TCF manufacturing as well as its application in electronic devices. It includes both glass and film based transparent conductors.
Transparent conductive film is primarily used in electronic devices such as Smartphones, TVs, AIO PCs, tablet PCs, and monitors. The rise in demand for touch UI in handheld as well as other devices has translated in the growth of transparent conductive films market. Technological advancements and increasing popularity of such devices even in developing nations have also widened the horizon for the transparent conductive films market.
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Key technologies implemented in the manufacturing of TCF include ITO on glass, ITO on PET, non-ITO oxides, silver nanowire, graphene, carbon nanotubes, PEDOT, micro fine wire, and metal mesh. ITO dominates the technology market with a revenue share of approximately 90% while ITO on glass held about 76.6% of the share in 2013; however, its share is expected to witness considerable fall by 2020. ITO film and glass market is expected to reach $2.1 billion by 2020, witnessing a diminishing growth with a CAGR of 4.8%. Non-ITO oxide is the most promising segment followed by metal mesh and silver nanowire. PEDOT based TCFs are anticipated to register the lowest market share throughout 2020.
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Within geographic markets, Asia Pacific holds the lead followed by North America. The electronic device manufacturing is largely concentrated in the Asia Pacific region making the region the largest consumer of TCF. LAMEA and Europe occupy nearly equal share in the global market, collectively accounting for less than 10% of the market. The key companies profiled in this report include 3M Company, Oike & Co., Ltd., Nitto Denko Corporation, Toyobo Corporation, Dupont Teijin Films, Eastman Kodak, Fujifilm Holdings Corporation, Canatu Oy, DONTECH Inc., Cambrios Technologies Corporation, and Rolith.
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