DowDuPont (US) and Toray Industries Inc. (Japan) are the Prominent Players in the Electronic Films Market
The electronic films market size is expected to grow from USD 7.6 billion in 2018 to USD 10.2 billion by 2023, at a CAGR of 6.0% during the forecast period. The major factor driving the market is the increasing demand for smartphones, tablets, and other similar consumer electronic devices.
The major electronic films manufacturers are DowDuPont (US), Toray Industries Inc. (Japan), Gunze (Japan), Nitto Denko Corporation (Japan), Saint-Gobain S.A. (France), The Chemours Company (US), Toyobo Co, Ltd. (Japan), Teijin Ltd. (Japan), TDK Corporation (Japan), and 3M (US). These players have adopted various growth strategies, such as partnerships and joint ventures, acquisitions, expansions, and new product launches to expand their presence in the global market further. Expansions and new product launches were the most dominating strategies adopted by the major players from 2014 to 2018, which helped them innovate their offerings and broaden their customer base.
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DowDuPont is one of the prominent players in the electronic films market. The company has a strong focus on R&D to increase its technology-driven product portfolio. As a part of its growth strategy, the company is highly focused on new product developments and expansions. For instance, in May 2018, the company increased the production capacity of its Kapton polyimide film by up to 20%. This helped the company to meet the high demand for Kapton polyimide film for Interconnect Solutions of the DuPont Electronics & Imaging segment.
Toray Industries Inc. is one of the leading players in the electronic films market. The company provides high-grade electronic films, which is extensively used in the electronics industry. The company has a wide range of electronic film products. As a part of its growth strategy, the company is highly focused on new product launches. For instance, in June 2018, the company launched LUMIRROR biaxially oriented PET film with about 2.5 times higher thermal conductivity of conventional products. It has applications in insulating materials, battery materials, and circuit boards. It helped the company to improve output and safety as a base film of various industrial equipment.
Related Reports:
Electronic Films Market by Film Type (Non-Conductive and Conductive), Material Type (Polymer, ITO on Glass, ITO on Pet, and Metal Mesh), Application (Electronic Display, PCB, and Semiconductors), and Region - Global Forecast to 2023
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