Global Thick Film Materials Market is segmented By Range (5um-10um, 15um-20um), By Product Type (Resistor Paste, Conductor Paste, Dielectric Paste, Others), By Application (Automotive, Industrial, Military Applications, Consumer Electronics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Thick Film Materials Market Overview
The Global Thick Film Materials Market report analyzes the market shares, size, recent trends, future market outlook, and competitive intelligence. Thick film materials are widely used in various applications, including electronics, automotive, aerospace, and healthcare. The market for thick film materials is driven by increasing demand for reliable and high-performance materials in the Asia Pacific region. Key players in the Global Thick Film Materials Market include DuPont de Nemours, Inc., Heraeus Holding GmbH, Ferro Corporation, and other prominent players operating in the market.
Thick Film Materials are ink pastes produced through mixing, kneading, and dispersing of metal powders, glass powders, and inorganic oxides with organic solvent in a three-roll mill.
Thick Film Materials Market Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Range, By Product Type, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Thick Film Materials Market Dynamics
Recent technological advancements have created a new incentive for major companies in the United States to invest in research and development and create innovative, high-quality materials which significantly create major demand for thick film materials.
For instance, in March 2019, DuPont Electronics & Imaging invested USD 220 million to build new production assets at its Circleville, Ohio, plant In the United States. The new assets probably expand the production of DuPont Kapton polyimide film and Pyralux flexible circuit materials to meet growing market demand in automotive, consumer electronics, telecom, and defense.
Currently, thick film materials find use in many applications such as consumer electronics, automotive, aerospace, biotechnology, telecommunications, military, information technology, energy, photovoltaic, and many other industries. Owing to its efficient properties and low cost in comparison to any other technology. Thus its demand is expected to increase during the forecast period.
However, stringent government regulations and high investment cost is hampering the Thick Film Materials market.
Thick Film Materials Market Segmentation Analysis
Based on the application, the global thick film materials market is segmented into automotive, Industrial, military applications, and consumer electronics. Among all of the applications, the Consumer electronics segment dominates the market owing to its usage in various electronic components such as multilayer chip capacitors, chip resistors, and many more. Thus, the rise in electronic devices such as smartphones and tablets will lead to the growth of the thick film materials market.
In addition, the growing adoption of Internet of Things (IoT) devices, which require these components, will further increase the adoption of thick film materials.
Thick Film Materials Market Geographical Share
Based on region, the global thick film materials market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Of these, North America dominates the market in terms of increasing demand for thick film materials from various applications such as aerospace, military, automotive, and telecommunications equipment.
In the United States, companies follow the strategy of mergers and acquisitions in a bid to increase company revenue, financial resources, and processing capabilities of manufacturing facilities. For instance, In November 2016, Ferro Corporation acquired Electro-Science Laboratories, Inc. (“ESL”), a leader in electronic packaging materials for USD 75 million. The acquisition of Electro-Science Laboratories (ESL) enhances the Ferro Corporation's position in the electronic packaging materials space with complementary products and offers an attractive platform for growth in Ferro’s Performance Colors and Glass business unit.
Europe is also estimated to offer lucrative opportunities to the global thick film materials market in the next few years. Owing to recent developments applicable to consumer and industrial products, as well as to the automotive and wristwatch industries, show trends to future mass production in quantities between 100,000 and 2,000,000 circuits per month.
Further, no European thick film material and equipment manufacturers exist, trading with the United States. in this field. Thus the demand for thick film material is increased significantly.
Thick Film Materials Companies and Competitive Landscape
The global thick film materials market is highly competitive with a large number of regional and international players. The competitiveness among significant market players is highly intense as a result.
The companies are focused on strengthening the product portfolio through licensing agreements in an attempt to increase company revenue on a global scale.
For instance, in October 2017, Sun Chemical entered into a license agreement to introduce a new family of molecular inks for the printed electronics market with Group Graham International (GGI) and the National Research Council of Canada (NRC).
