ELECTRONICS.CA PUBLICATIONS announces the availability of a new report entitled Thin Film Materials Market By Type, End-User Industry, and Deposition Processes – Global Trends & Forecast to 2018. The thin film material market is witnessing high growth on account of rising demand from existing and new applications that would become significant in the future, especially in the European region. Europe holds major market share followed by North America and Asia-Pacific. In terms of individual countries, the market is dominated by U.S. due to the constant innovations of thin film material that help in optimizing and enhancing the present material and processes.
The thin film materials market is anticipated to increase at a healthy rate annually, to reach $10,250 million, by 2018. Thin film material are primarily used in photovoltaic solar cells, MEMS, electrical, semiconductor and optical coating. The photovoltaic solar cells industry is growing at a high rate, while the MEMS industry is experiencing steady growth. The report covers the thin film material market and its trends that concern five regions, namely, Europe, North America, Asia-Pacific, The Middle East & Africa, and Latin America; and the major countries in each region such as U.S., Canada, Germany, France, Italy, China, Japan, India, and others.
The research and development cost involved in the thin film materials in terms of man hours, material, and technology is significant. There is a lot of R&D required at the micro level in thin film material to deliver a quality product. The growth in the thin film material market requires constant innovation and the introduction of new and improved products and technologies that meet the requirements. This has contributed largely to an enhanced focus on R&D by the players to bring new products with better efficiency as well as to decrease the cost of production by implementation of new technologies.
The raw material used for thin film material include cadmium, telluride, copper, indium, gallium, and selenide. Every thin film is unique and the manufacturers use their own set of raw material and ingredients to manufacture these material. Any change in the demand and supply of these raw material could have a impact on the thin film material industry. The raw material such as copper are easy to source, but metals like cadmium are difficult to source because of their toxic nature. Cadmium was banned in the European Union, but recently the ban was partially revoked, and the usage of cadmium was restricted only to thin film photovoltaic cell. This was done to cash in on the better properties such as, higher efficiency and simple manufacturing method offered by CdTe as a thin film material.
The two kinds of deposition processes used in the manufacture of thin film material are: chemical and physical. Chemical deposition process produces thin film material at comparatively higher speed than its physical counterpart. Also it offers greater reproducibility, resulting in increased usage by the companies in this market. But, physical deposition process will grow at a faster pace in the future as it is a low-temperature process, and simpler process as compared to chemical deposition process.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site: “Thin Film Materials Market By Type, End-User Industry, and Deposition Processes – Global Trends & Forecast to 2018“.