Transparent Conductive Films Market Continues to Expand with Growing Smartphone and Tablet Users across U.S. and Robust Growth of Photovoltaic Industry

 

Transparent conductive films are very thin, transparent films composed of a liquid solution sandwiched between two sheets of electrically insulating material. They are an essential element in many modern electronic devices such as flat-screen displays, electric touch screens, liquid-crystal display displays, and photovoltaic cells. Their amazing transparency, however, has made them vulnerable to physical damage, wear, and tear that causes them to deteriorate over time. A layer of plastic, for instance, can easily scratch or distort the transistors and connectors that form the heart of the electronic device. Thus, it is important to protect such devices from physical damage in order to extend their life span and prevent them from wearing out prematurely.

Increasing demand for smartphones, tablets, and other devices is expected to drive growth of the global transparent conductive films market. According to the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics market was valued at US$ 10.93 billion in 2019 and is expected to reach US$ 21.18 billion in 2025. According to the Pew Research Center, in 2019, around 81% of people in the U.S. had smartphones, increasing from 68% in 2015. According to the same source, tablet users in the U.S. increased from 34% in 2013 to 52% in 2019. Such rising adoption of these devices has increased the demand for transparent conductive films. These films are widely used in smartphones and tablets for touch screens and flexible screens. Hence, such factors are expected to drive growth of the global transparent conductive films market. Furthermore, rapid growth of photovoltaic industry is expected to propel the global transparent conductive films market growth in the near future.

High cost related to Indium Tin Oxide (ITO) combined with low acceptance of Graphene material is expected to hamper the global transparent conductive films market growth in the near future. However, continuous development of application products and robust growth of ITO alternatives can present lucrative growth opportunities for key competitors in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global transparent conductive films market. This is owing to the robust growth of the electronics sector in emerging economies such as India and China. Furthermore, China is the hub of the electronics sector in the Asia Pacific, which is expected to boost the regional market growth. North America is expected to register a lucrative growth rate, owing to increasing demand for smartphones across the region.

Key players involved in the global transparent conductive films market are Abrisa Technologies, Toyobo Co., Ltd, C3Nano, Toray Advanced Film Co. Ltd, Cambrios Technologies Corp., Teijin Limited, Canatu OY, Sekisui Chemical Co., Ltd, Eastman Kodak Company, OIKE & Co. Ltd, Fujifilm Corporation, and Hitachi Chemical Co. Ltd.