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Global Thin Film Material Market Size Study & Forecast, by Type (Copper Indium Gallium Selenide (CIGS), Cadmium Telluride (CdTe), Amorphous Silicon (a-Si)), by Application (Photovoltaic Solar Cells, Electrical & Electronics, Optical Coating, Others), and Regional Analysis, 2023-2030

September 2023 | 200 pages | ID: GCC5705C05D4EN
Bizwit Research & Consulting LLP

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Global Thin Film Material Market is valued at approximately USD 13.0 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2023-2030. Thin film materials refer to a category of materials that are deposited as thin layers onto substrates, typically with a thickness ranging from a few nanometers to several micrometers. These materials are known for their unique properties and are utilized in various applications across industries such as electronics, solar energy, optics, coatings, and more. The Thin Film Material Market is expanding because of factors such as the high demand from current & emerging applications, increasing demand for efficiency and miniaturization, rising government policies, mandates, and subsidies, coupled with advancements in technology.

In addition, the growth of the semiconductor industry is acting as a catalyzing factor for market growth across the globe. Thin films are used in semiconductor devices, integrated circuits, photovoltaic cells, and displays, contributing to the growth of the market. The Semiconductor Industry Association stated that in 2021the semiconductor industry sales recorded nearly USD 555.9 billion around the world. Also, the industry generates the highest annual revenue and with an increase of 26.2% compared to the 2020 that accounts for USD 440.4 billion. Thus, these aforementioned factors are propelling the growth of the Thin Film Material Market during the estimated period. Moreover, the growing demand for Photovoltaic (PV) cells, as well as rising application in electronic components present various lucrative opportunities over the forecast years. However, the low conversion efficiency and the availability of other substitutes are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Thin Film Material Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing presence of photovoltaic solar cell manufacturers, advancements in thin film deposition techniques, along with growing demand for thin film materials in nanotechnologies. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rising popularity of the renewable energy industry, the development of display technologies, and surging demand for consumer goods, electronics appliances, and others are significantly propelling the market demand across the region.

Major market players included in this report are:

Vital Materials Co., Limited (China)

Umicore (Belgium)

Indium Corporation (U.S.)

JX Nippon Mining & Metals (Japan)

Kyoto Thin-Film Materials Institute (Japan)

GEOMATEC CO., LTD (Japan)

Ferroperm Optics A/S (Denmark)

Ascent Solar Technologies, Inc. (U.S.)

Cicor Group (Switzerland)

Hanergy Thin Film Power Group (China)

Recent Developments in the Market:
  • In April 2022, JX Nippon Mining & Metals stated that the company had acquired land in Mesa, Arizona, for USD 29 million to build a significant footprint in the United States.
  • In January 2022, Umicore declared that the metal deposition process is used for electroplating and thin film products, thus, this initiative serves to draw in new end-use industries.
Global Thin Film Material Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Copper Indium Gallium Selenide (CIGS)

Cadmium Telluride (CdTe)

Amorphous Silicon (a-Si)

By Application:

Photovoltaic Solar Cells

Electrical & Electronics

Optical Coating

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Thin Film Material Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Thin Film Material Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Thin Film Material Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL THIN FILM MATERIAL MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL THIN FILM MATERIAL MARKET DYNAMICS

3.1. Thin Film Material Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand for efficiency and miniaturization
    3.1.1.2. Growth of the semiconductor industry
  3.1.2. Market Challenges
    3.1.2.1. Low conversion efficiency
    3.1.2.2. Availability of other substitutes
  3.1.3. Market Opportunities
    3.1.3.1. Growing demand for Photovoltaic (PV) cells
    3.1.3.2. Rising application in electronic components

CHAPTER 4. GLOBAL THIN FILM MATERIAL MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL THIN FILM MATERIAL MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Thin Film Material Market by Type, Performance - Potential Analysis
5.3. Global Thin Film Material Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Thin Film Material Market, Sub Segment Analysis
  5.4.1. Copper Indium Gallium Selenide (CIGS)
  5.4.2. Cadmium Telluride (CdTe)
  5.4.3. Amorphous Silicon (a-Si)

CHAPTER 6. GLOBAL THIN FILM MATERIAL MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Thin Film Material Market by Application, Performance - Potential Analysis
6.3. Global Thin Film Material Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Thin Film Material Market, Sub Segment Analysis
  6.4.1. Photovoltaic Solar Cells
  6.4.2. Electrical & Electronics
  6.4.3. Optical Coating
  6.4.4. Others

CHAPTER 7. GLOBAL THIN FILM MATERIAL MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Thin Film Material Market, Regional Market Snapshot
7.4. North America Thin Film Material Market
  7.4.1. U.S. Thin Film Material Market
    7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Thin Film Material Market
7.5. Europe Thin Film Material Market Snapshot
  7.5.1. U.K. Thin Film Material Market
  7.5.2. Germany Thin Film Material Market
  7.5.3. France Thin Film Material Market
  7.5.4. Spain Thin Film Material Market
  7.5.5. Italy Thin Film Material Market
  7.5.6. Rest of Europe Thin Film Material Market
7.6. Asia-Pacific Thin Film Material Market Snapshot
  7.6.1. China Thin Film Material Market
  7.6.2. India Thin Film Material Market
  7.6.3. Japan Thin Film Material Market
  7.6.4. Australia Thin Film Material Market
  7.6.5. South Korea Thin Film Material Market
  7.6.6. Rest of Asia Pacific Thin Film Material Market
7.7. Latin America Thin Film Material Market Snapshot
  7.7.1. Brazil Thin Film Material Market
  7.7.2. Mexico Thin Film Material Market
7.8. Middle East & Africa Thin Film Material Market
  7.8.1. Saudi Arabia Thin Film Material Market
  7.8.2. South Africa Thin Film Material Market
  7.8.3. Rest of Middle East & Africa Thin Film Material Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Vital Materials Co., Limited (China)
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Umicore (Belgium)
  8.3.3. Indium Corporation (U.S.)
  8.3.4. JX Nippon Mining & Metals (Japan)
  8.3.5. Kyoto Thin-Film Materials Institute (Japan)
  8.3.6. GEOMATEC CO., LTD (Japan)
  8.3.7. Ferroperm Optics A/S (Denmark)
  8.3.8. Ascent Solar Technologies, Inc. (U.S.)
  8.3.9. Cicor Group (Switzerland)
  8.3.10. Hanergy Thin Film Power Group (China)

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Thin Film Material Market, report scope
TABLE 2. Global Thin Film Material Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Thin Film Material Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Thin Film Material Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Thin Film Material Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Thin Film Material Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Thin Film Material Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Thin Film Material Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Thin Film Material Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Thin Film Material Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Thin Film Material Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Thin Film Material Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Thin Film Material Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Thin Film Material Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Thin Film Material Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Thin Film Material Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Thin Film Material Market
TABLE 70. List of primary sources, used in the study of global Thin Film Material Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Thin Film Material Market, research methodology
FIG 2. Global Thin Film Material Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Thin Film Material Market, key trends 2022
FIG 5. Global Thin Film Material Market, growth prospects 2023-2030
FIG 6. Global Thin Film Material Market, porters 5 force model
FIG 7. Global Thin Film Material Market, pest analysis
FIG 8. Global Thin Film Material Market, value chain analysis
FIG 9. Global Thin Film Material Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Thin Film Material Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Thin Film Material Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Thin Film Material Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Thin Film Material Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Thin Film Material Market, regional snapshot 2020 & 2030
FIG 15. North America Thin Film Material Market 2020 & 2030 (USD Billion)
FIG 16. Europe Thin Film Material Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Thin Film Material Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Thin Film Material Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Thin Film Material Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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