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Global Thin Film Materials Market Analysis, Research: By Type: Copper Indium Gallium Selenide (CIGS), Cadmium Telluride (CdTe), Amorphous Silicon (a-Si), Others; By Deposition Process: Physical Process, Chemical Process; By Application: Photo voltaic (PV) Cells, Semiconductors, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Thin Film Materials Market Outlook
The global thin film materials market size is expected to grow at a CAGR of 4.70% during the forecast period of 2024-2032, owing to the miniaturisation of electronics products.
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Key Trends in the Market
High-purity materials and chemicals, known as thin film materials, are used to create or alter thin film deposits and substrates. A thin film is a material layer with a thickness of several micrometres to fractions of a nanometre. Examples include precursor gases, sputtering targets, and evaporation filaments.
- In recent years, thin film materials have been used in a wide range of applications, such as biosensors, solar panels and transistors, wearable electronics, optoelectronic and electrochromic devices, organic field-effect transistors, infrared or microbolometer detectors, wound healing devices, primary or secondary packaging, and engineers.
- It is projected that technological development in semiconductor packaging will favourably affect thin film materials market expansion. Over the next few years, market growth is anticipated to be driven by favourable government regulations encouraging the use of thin film materials in solar PV in nations like China, Japan, and Germany.
- New prospects for the growth of the global thin film materials market are being generated by the rising investment in research and development activity, application of thin film materials in the production and distribution of renewable energy. Rapid industrialisation is expected to increase demand as customers are seeking more modern goods, which will increase supply.
Global Thin Film Materials Market Analysis
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Based on type, the market is segmented into copper indium gallium selenide (CIGS), cadmium telluride (CdTe), and amorphous silicon (a-Si), among others. The market on the basis of deposition process is divided into physical process and chemical process.
On the basis of application, the market can be segmented into photo voltaic (PV) cells, semiconductors, microelectromechanical systems, and optical coating, among others. The regional markets for thin film materials can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following thin film materials companies, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Ascent Solar Technologies, Inc
- Kaneka Corporation
- Hanergy Holding Group Ltd.
- AVANCIS GmbH
- Sumitomo Metal Mining Co., Ltd.
- Wuxi Suntech Power Co., Ltd.
- Cicor Management AG
- First Solar, Inc.
- Linde plc
- Vital Materials Co., Limited.
- Others
Market Share by Application
The thin film materials market is growing due to the use of thin films in photovoltaic cells for the production of solar electricity, and it is projected that this market segment would lead the market growth over the forecast period. Laptops, water pumps, and telecommunication systems can all make use of photovoltaic cells. They are capable of converting energy into electricity and serving as photosensors. This will likely fuel the market growth.
With the further development of technology, it is possible to add photovoltaics (PV) to buildings' exteriors, replacing the windows with a thin, semi-transparent film that generates clean energy for the structure. Other applications for thin films include integrated photovoltaics in construction and photovoltaic glass that may be laminated to windows. During the projected period, the thin film materials market is predicted to be driven by the aforementioned factors as well as government support for the production of renewable energy.
Market Share by Region
Asia Pacific is expected to witness the fastest growth during the forecast period. Production capacity and import-export activities are growing in countries such as India, China, South Korea, and Japan. A developing country, like India, has improved its ability to handle imports, while China is expanding its consumer base. The focus of the manufacturers is also shifting towards biodegradable goods. This draws funding and stimulates the market for higher technical product production. The majority of the world's largest solar photovoltaic power facilities in terms of capacity are owned by India and China.
Additionally, during the forecast period, regional growth of the thin film materials market is anticipated to be fuelled by rising population, shifting consumer lifestyles, increasing solar photovoltaic cell production for solar power plants, increasing demand for electronic items, and growing awareness of finite resources.
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Competitive Landscape
Ascent Solar Technologies, Inc., with its headquarters in the United States, produces flexible thin-film solar systems that offer dependable electricity to applications where mass, shape, and survival matter. Its main offering is a flexible solar cell made of CIGS mounted on a plastic substrate. Ascent has established itself as a market leader in the production of cutting-edge, high-performance, flexible thin-film solar panels for both established and developing agrivoltaic, space, and aerospace applications.
Kaneka Corporation is a global manufacturer of chemicals with its headquarters in Osaka, Japan. The company was established in 1949 and makes synthetic fibres, foam resin, and functional resin, among other chemicals. The company also worked in the field of medical equipment. In Belgium, Malaysia, Singapore, and the United States, the company has manufacturing and sales subsidiaries.
Hanergy Holding Group Ltd. is a leading provider of thin-film solar energy, with its headquarters in China. The business is concentrating on the development of solar parks and the value chain for thin-film solar technology. Hanergy has been working to develop mobile energy and use thin-film solar to transform the world ever since its founding in 1989. The company currently has installed wind power projects with a total installed capacity of 131MW and hydroelectric projects with a total installed capacity of over 6GW.
Other market players include AVANCIS GmbH, Sumitomo Metal Mining Co., Ltd., Wuxi Suntech Power Co., Ltd., Cicor Management AG, First Solar, Inc., Linde plc, and Vital Materials Co., Limited., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Deposition Process |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Thin Film Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Thin Film Materials Historical Market (2018-2023)
8.3 Global Thin Film Materials Market Forecast (2024-2032)
8.4 Global Thin Film Materials Market by Type
8.4.1 Copper Indium Gallium Selenide (CIGS)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Cadmium Telluride (CdTe)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Amorphous Silicon (a-Si)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Thin Film Materials Market by Deposition Process
8.5.1 Physical Process
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Chemical Process
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Thin Film Materials Market by Application
8.6.1 Photo voltaic (PV) Cells
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Semiconductors
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Microelectromechanical Systems
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Optical Coating
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Thin Film Materials Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Thin Film Materials Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Thin Film Materials Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Thin Film Materials Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Thin Film Materials Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Thin Film Materials Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Ascent Solar Technologies, Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Kaneka Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Hanergy Holding Group Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AVANCIS GmbH
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Sumitomo Metal Mining Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Wuxi Suntech Power Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Cicor Management AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 First Solar, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Linde plc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Vital Materials Co., Limited.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Thin Film Materials Market: Key Industry Highlights, 2018 and 2032
2. Global Thin Film Materials Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Thin Film Materials Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Thin Film Materials Historical Market: Breakup by Deposition Process (USD Million), 2018-2023
5. Global Thin Film Materials Market Forecast: Breakup by Deposition Process (USD Million), 2024-2032
6. Global Thin Film Materials Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Thin Film Materials Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Thin Film Materials Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Thin Film Materials Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Thin Film Materials Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Thin Film Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Thin Film Materials Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Thin Film Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Thin Film Materials Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Thin Film Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Thin Film Materials Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Thin Film Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Thin Film Materials Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Thin Film Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Thin Film Materials Market Structure
Key Questions Answered in the Report
The market for thin film materials is projected to grow at a CAGR of 4.70% during the forecast period of 2024-2032.
The major drivers of the thin film materials market include the favourable government policies, increasing investment in research and development activity, application of thin film materials in the renewable energy generation, rapid industrialisation, rising demand for electronic products, and growing awareness of finite resources.
Growing use of thin film materials in a variety of applications and rising solar photovoltaic cells for solar power production plants are the key industry trends propelling the growth of the market.
The major players in the industry are Ascent Solar Technologies, Inc, Kaneka Corporation, Hanergy Holding Group Ltd., AVANCIS GmbH, Sumitomo Metal Mining Co., Ltd., Wuxi Suntech Power Co., Ltd., Cicor Management AG, First Solar, Inc., Linde plc, and Vital Materials Co., Limited., among others.
A thin film is a material layer that is several micrometres to less than a nanometre thick (one billionth of a metre). Soap bubbles, oil slicks on the lake, and anti-reflection coating on eyeglasses are some of the examples of thin films that can be seen every day.
The maximum layer for thickness determination for metals, which significantly absorb at all wavelengths, is typically around 100 nm.
Thin films have different mechanical properties than bulk materials because of their distinct microstructure, high surface-to-volume ratio, small size, and substrate-imposed limitations.
A thin film appears coloured when white light is incident onto it, and the colour depends on the thickness of the film and the angle at which the light is incident.
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