The thin film material market value will grow to $10.25 billion by 2018, at a significant CAGR from 2013 to 2018.
The thin film material market is directly influenced by the growth in the end-user industries, such as photovoltaic solar cells, MEMS, electrical, and others. Owing to the increasing demand for photovoltaic solar cells from both mature and emerging economies, the market promises better growth in the coming years.
Increased government regulations for renewable energy also contribute to the market growth of the photovoltaic solar cells industry.
Europe represents the single-largest market for thin film material for the same period, followed by North America, and Asia-Pacific.
In terms of applications, photovoltaic solar cells, MEMS, semiconductor, electrical and optical coating are major applications of thin film material. Read More