The global translucent films market is expected to witness strong growth during the forecast period between 2021 and 2031.
Translucent films have proven beneficial to permit light to shine through various graphics, in the last few years.
Translucent films are manufactured with optically transparent and electricity conducting substances which are deployed in the production of several electronic devices.
Primarily, indium tin oxide has been used to produce a large number of translucent films. However, in recent times, other materials such as carbon nanotubes, silver nanowires, and other conductive polymers have also been deployed to produce translucent films.
The availability of translucent films in different colors could help increase the product demand, as consumers can purchase the specific colored films depending on the requirement.
Rising adoption of touch user-interface mobile devices globally is the key growth driver for the translucent films market.
Also, reducing prices of smartphones in leading economies globally is expected to fuel the growth in the overall translucent films market, in future.
In addition to this, increasing availability of multiple types of smartphones are also anticipated to contribute to the global translucent films market growth, in the years ahead.
Advancements to existing products could fuel the demand for translucent films, in the years ahead.
Other product features such as reduced power consumption and minimal product thickness could also help increase translucent films demand, in the coming years.
Indium tin oxide raw material segment is anticipated to contribute the most to the overall market in future owing to features such as high resistance to power.
Smartphones application segment is expected to make the largest contribution to the overall market because of increased translucent films deployment in different types of smartphones, worldwide.
The global translucent films market is highly competitive, with the presence of several leading players, many of whom have become successful owing to years of consistent performances.
The well-established market players are expected to account for a large share in the global market, in the upcoming years.
Growth strategies such as new product launches could help prominent market players gain a competitive edge over others, in the years ahead.
In July 2021, TEIJIN Limited developed and launched a new translucent film product, consisting of a fiber sheet lined by a matrix resin, in Vietnam.
Leading translucent films market players could collaborate with the smaller players in a bid to expand their market presence and increase their revenue shares.
Some of the leading players in the global translucent films market include 3M Corporation Inc., TEIJIN Limited, Toyobo Corporation, Nitto Denko Corporation. Dontech Inc., and Rolith.
The global translucent films market is divided into four regions, namely, North America, Europe, Asia Pacific, and rest of the world.
Asia Pacific is expected to be the dominant region in the global market owing to the thriving electronics industry in developed economies such as China because of the rising penetration of smartphones and mobiles phones in the country.
Owing to the ease of availability of key resources such as land and labor, market players could establish R&D centers in countries such as India, in the years ahead.
North America is expected to offer lucrative growth opportunities for the overall translucent films market in future due to the presence of several well-established market players in countries such as US and Canada.
Europe is anticipated to witness strong growth in the global market in the years ahead because of increasing penetration of touch-enabled devices in countries such as Germany and UK.
The rest of the world is expected to witness moderate growth in the translucent films market, in the coming years.