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Thick Film Materials: Introduction

  • Thick film materials includes a variety of functional inks and pastes that are used to manufacture electronic circuits. These materials are deposited by printing.
  • Thick film materials are used in electronic items designed to support a wide range of industries including consumer electronics, automotive, Internet of Things, telecom, biomedical, space, and military.
  • Thick film materials technology is traditionally an additive process, wherein various components are produced on the substrate by applying inks or pastes and are added sequentially to produce the required conductor patterns and resistor values
  • Thick-film materials are developed to meet the needs defined by electronic circuit design and process engineers

Key Drivers and Restraints of Global Thick Film Materials Market

  • Presence of advanced packaging technologies for functionalities such as hydration, prescription reminders, quality and freshness indicators, time and temperature (TTI) alerts, and product information is boosting the adoption of thick films in packaging applications
  • Advanced packaging technologies in thick films such as temperature-controlled films, which allow storage and shipment of temperature-sensitive products through extensive and complex supply chains in a cost effective way, are boosting the global thick film materials market
  • Growth in research and development (R&D) activities conducted by multinational packaging companies operating in developing countries and introduction of innovative packaging solutions are anticipated to drive the thick film materials market. Additionally, increase in applications of thick films in construction activities is propelling the global thick film materials market.

Covid-19 Impact on Thick Film Materials Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic.
  • Decrease in industrial activities due to the pandemic has been adversely impacting the global thick film materials market

North America Dominates Thick Film Materials Market

  • In terms of region, the global thick film materials market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The market in North America is expected to expand at a rapid pace during the forecast period. It is anticipated to be followed by Europe. This growth can be ascribed to factors such as high adoption of advanced packaging solutions. Rise in adoption of advanced thick films for packaging applications are also propelling the market in North America and Europe.

Thick Film Materials: Application Segment

  • Based on application, the global thick film materials market can be segmented into automotive, industrial, military, and consumer electronics. The consumer electronics segment dominates the market owing to the usage of thick film materials in various electronic components such as multilayer chip capacitors and chip resistors. Thus, rise in manufacture of electronic devices such as smartphones and tablets is expected to drive the thick film materials market.
  • Growth in adoption of Internet of Things (IoT) devices, which require these components, is also estimated to augment the adoption of thick film materials

Key Manufacturers Operating in Global Thick Film Materials Market

The global thick film materials market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global thick film materials market include:

  • Lord Corp.
  • Heraeus Holding GmbH
  • Ferro Corp.
  • Sumitomo Metal Mining Co. Ltd.
  • DuPont
  • Saudi Basic Industries Corporation
  • Sun Chemical

Global Thick Film Materials Market: Research Scope

Global Thick Film Materials Market, by Type

  • Substrates
  • Thick Film Inks
  • Pastes

Global Thick Film Materials Market, by Application

  • Automotive
  • Industrial
  •  Military
  •  Consumer Electronics

Global Thick Film Materials Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Thick Film Materials Market