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.
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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
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