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Flexible Barrier Films for Electronics Market

Market Insights on Flexible Barrier Films for Electronics covering sales outlook, demand forecast & up-to-date key trends

Flexible Barrier Films for Electronics Market by Product Type, Industry and Region- Forecast for 2022–32

Flexible Barrier Films for Electronics Market Outlook

The flexible barrier films for electronics Market revenue totalled US$ 33.8 Mn in 2021 and is estimated to reach US$ 188.4 Mn by 2032, growing at a CAGR of 18.7% for 2022 – 2032.

Estimated year (2022) Market Value

US$ 33.8 Mn

Projected year (2032) Value

US$ 188.4 Mn

CAGR% (2022-2032)

18.7%

Top 5 Vendor Market Share

Around 35%

Flexible barrier films are the flexible barriers or substrates manufactured to protect electronic circuits and other components from degradation by moisture, oxygen and other environmental factors. These flexible barrier films are widely used in the development of new electronic devices that offer features such as flexible shapes, versatility, light weight, and toughness without compromising electronic device performance.

Due to the higher level of protection from oxygen as well as moisture compared to alternatives such as metal, glass and plastic, there is a growing shift in customer preference towards flexible barrier films for electronic products and components, driving the market growth for flexible barrier films for electronics market and research and development to develop substrate materials for providing flexibility and transparency is expected to boost sales.

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2017-2021 Flexible Barrier Films for Electronics Market Demand Outlook Compared to 2022-2032 Forecast

The flexible barrier films for electronics market demand is estimated to grow at a 18.7% CAGR between 2022 and 2032 in comparison with 12.7% CAGR registered during the historic period (2017-2021).

Increasing demand for electronic devices with short response time is expected to boost the market growth during the forecast period. Electronic displays are chemically sensitive and likely to react with the environment, making it easier to encapsulate the device to protect it from chemicals, moisture and oxygen.

The increasing complexity of designing various electronic products such as smartwatches, smartphones, laptops, tablets are driving the adoption of flexible barrier films for electronics in the manufacturing of electronic products.

Flexible electronics, such as wearable technologies are gaining momentum in the market due to their flexible and stretchy properties. Its flexible properties make it easy to use on a variety of substrates such as flex glass, plastic, and paper. The increasing demand for a variety of uniquely designed consumer and industrial products and the growing use of various innovative materials in the manufacture of consumer products have increased the demand for flexible electronics worldwide.

Regional Analysis

The North America to hold highest market share of 28.6% for the flexible barrier films for electronics market and South Asia & Pacific is estimated to grow by highest CAGR of 20.1% during the forecast period of 2022-2032.

Increasing number of flexible barrier films for electronics market players across North America is expected to fuel the further market growth for flexible barrier films. In addition, increased investment in product features and business expansion by major vendors is expected to boost the market during the forecasted period. Many market players are finding lucrative opportunities in emerging markets such as India, with large populations and new innovations, driving demand in South Asia and Pacific region.

Sudip Saha
Sudip Saha
Principal Consultant
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Country-wise Insights

US is the Leading Country in North America for Flexible Barrier Films.

The US is predicted to remain the most attractive market during the forecast period. According to the study, the US flexible barrier films for electronics market is set to account highest market share of 17.8% in 2021.

US has the largest market share in the flexible barrier films for electronics market during the forecast period. Rising demand for the smart wearables combined and consumer electronics is fuelling the demand for flexible electronics in the country.

The United States has some advantages when it comes to flexible electronics, with the world's largest and best research universities, United states has world-class companies with the competencies, equipment, process technology, and intellectual property associated with flexible electronics, some of which are engaged in significant pre-competitive research and development (R&D).

Customer base in India is Supporting the Growth for Flexible Barrier films for Electronics Market in the World.

The market for flexible barrier films in India is estimated to grow at highest CAGR of 10.4% during the forecast period. India is one of the world's most dynamic economies. Many Indian companies and universities have invested in developing next-generation technologies such as flexible electronics. India is the fastest growing economy in the world. India has a strong position in flexible barrier films for the electronics market. As a result, the innovation and application potential of related technologies are expected to be realized sooner in India.

Adoption of Flexible Barrier Film is Increasing in China.

The china flexible barrier films for electronics market accounted for the market share of 12.5% in 2021. China has little equipment and materials infrastructure to support flexible electronics manufacturing. At the same time, the country is seeing a surge in investment from companies looking to enter the production of AMOLED (active-matrix organic light-emitting diode) displays. This is due to market potential consisting of consumer demand and government willingness to fund large scale investments in production capacity.

Moreover, China will have a significant impact on the development of global competition in the flexible barrier films for electronics. This is because the market can create massive demand through increased production efficiency and yield.

Category-wise Insights

Why Demand for the Flexible Electronics is Fuelling the Growth of Flexible Barrier Films for Electronics Market?

Flexible electronics to held the largest market share of flexible barrier films for electronics market during forecast period which is accounted for 45.6% in 2021. The growth of flexible electronics segment is due to its portability, low manufacturing cost, and light weight as compared to rigid substrates. With the ability to roll, bend, fold, and adjust, The flexible electronics have applications in the gaming and entertainment industry which enables new and intuitive user interfaces.

Why Flexible Barrier Films for Electronics Market is Estimated to Have the Largest Market Share in the Manufacturing and Resources Sector?

Flexible barrier films are widely used in numerous electronic devices for protection against moisture, dust etc. The industries that fall within this domain are the primary producers of consumer electronics, mechatronic components and sensors that are the primary users of flexible barriers. Demand for rising consumer electronics further pushes the growth of the manufacturing industry and its demand for flexible barrier films, allowing this sector to have held the largest market share of 24.5% in 2021.

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Competitive Landscape

The flexible electronics market is fragmented. Primarily focused on improving efficiency, manufacturers offer technologically innovative products that offer a range of benefits in terms of energy efficiency and product design. Business players invest in research and development to strengthen their market position.

  • June 2021, Amcor announced ACT2100 a heat seal-coating for DuPont Tyvek2 medical and paper packaging applications. Amcor’s next-generation coating technology offers improved performance characteristics for healthcare applications. Also, it is manufactured in multiple locations around the world which gives customers the flexibility to source from the most convenient location for device manufacturing and packaging.
  • January 2021, First Solar, Inc. has entered into an agreement with the Leeward Renewable Energy Developments. Also, LLC to sell its development platform in the United States. The acquisition includes his 1.8 GWDC of the First Solar Modules. This acquisition will help the company expand, develop and market its products.

Scope Of Report

Attribute

Details

Market Value in 2022

US$ 33.8 Mn

Market CAGR 2022 to 2032

18.7%

Share of top 5 players

Around 35%

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

USD Million for Value

Key Region Covered

North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa

Key Countries Covered

U.S., Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa

Key Segments Covered

Product Type, Industry and Region

Key Companies Profiled

  • 3M Company
  • Amcor Plc
  • Beneq
  • Eastman Chemical Company
  • Fraunhofer Polo Alliance
  • Honeywell International Inc.
  • Materion Corporation
  • Sigma Technologies Int'l, LLC.
  • Alcan Packaging
  • Tera-Barrier Films Pte Ltd
  • Toppan Printing Co., Ltd.
  • General Electric.

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Flexible Barrier Films for Electronics Market by Category

By Product type:

  • Photovoltaic
  • Flexible Electronics
  • Others

By Industry:

  • Manufacturing & Resources
  • Distribution Services
  • Services
  • Public Sector
  • Infrastructure

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa

Frequently Asked Questions

The flexible barrier films for electronics market was valued at US$ 28.9.8 Mn in 2021 and is estimated to grow at CAGR of 18.7% during the forecast period, which will reach the market value of US$ 188.4 Mn by 2032.

Indian market is expected to show a rapid growth during the forecast period, where it will represent a CAGR of around 17.8%.

The Flexible Barrier Films for Electronics Market share in India was around 8.0% in 2021.

The flexible barrier films for electronics market growth between 2022 and 2032 is around 18.7%.

The top 3 countries driving demand for flexible barrier films for electronics include the USA, India and China.

Some of the leading companies in this landscape are 3M Company, Amcor Plc, Beneq, Eastman Chemical Company, Fraunhofer Polo Alliance.

The market in last 5 years (2017 – 2021) grew by a CAGR of 12.7%.

Flexible electronics segment is expected to dominate the market in the year 2021, generating a maximum revenue, by the end of 2032.

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Sudip Saha
Principal Consultant
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Flexible Barrier Films for Electronics Market