Transparency Market Research presents a new market study on the global nano films market for the forecast period between 2016 and 2023. The title of this report is “Nano Films Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023,” wherein various aspects such as growth trends, market indices, and competitive forces are discussed in detail.
Nano films are widely used in microelectronics industry, solar energy, storage energy, and optics industry. Nano films are used in photovoltaic applications to improve transfer of electrons and enhance internal quantum efficiency and photocurrent. Magnetic nano films find applications in sealing surgical wounds and in nanoplasters for administering drug locally.
The growth of microelectronics, solar, and storage industry is anticipated to display demand for nano films for surface modification applications. Moreover, increasing demand for electronics in emerging economies of Asia Pacific and Latin America is set to drive the nano films market. Nanotechnology-based thin films used in biomedical applications are expected to extend new opportunities for the growth of this market. However, volatile raw material process and availability of substitutes are some factors deterring the growth of nano films market.
On a regional consideration, Asia Pacific is expected to be rapidly growing market for nano films due to increasing spending on electronics and increasing use of solar energy for power generation. In addition, the growth of microelectronics industry is expected to present growth opportunities to the nano films market. In particular, BRIC nations are a major market for the microelectronics industry due to rising disposable income, rapid economic development, and large population. Mexico, Thailand, Argentina, and Turkey are other markets that may present significant growth opportunities to the nano films market. Europe and North America are mature markets and are estimated to display moderate to high demand for nano films.
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The report studies the vendor landscape of the nano films market at length. According to the report, the nano films industry is fragmented, however competitive mainly led by small and medium enterprises. To stay competitive, companies in this market are investing heavily in research and development for introducing different grades of nano films. Moreover, strategic alliances and aggressive marketing is the focus of key vendors in this market to increase their market share. Furthermore, expansion into emerging economies is also a strategic move employed by companies due to growing demand from end-use industries.
The key vendors in the global nano films market include Nanofilm, Nano Foam Technology Private Limited, Nano Lab India, Smart Source Technologies, MAT-VAC Technology, Maxtek Technology, MetaTechnica, Nanofilm Technologies, Nano Therapeutics Pvt. Ltd., Cosmo Films Limited, Nanogram Corporation, LOT-Oriel, MicroChem, and Advanced Thin Film among others.