Flexible Barrier Films for Electronics Market Expected to Expand at a Steady CAGR through 2025

FMI_FacebookFlexible barrier films is a flexible substrate or barriers made to protect the electronic components from degradation caused due to oxygen and water and other environment factors. There is increasing development of electronic devices that offer flexible form factor which provide, lightweight, robust and versatile application usage without compromising performance of the device. These devices like flexible electronics and photovoltaic need to survive with necessary time and conditions as per acceptable device requirement. These conditions acts as limitation for many organic, flexible and printed electronics because most of the material used in these electronics are chemically reactive to environmental factors like oxygen and moisture.

Flexible Barrier Films Market Dynamics

The flexible barrier films provide encapsulation to organic, flexible and printed electronics without affecting its flexibility, functionality, printability and performance. The flexible barrier films has wide range of applications in consumer electronics, automotive, healthcare and defence sector. The flexible barrier films provide comparatively higher level of protection to electronic component from moisture and oxygen as compared to plastic, metal and glass substrates. Thus, minimizes its subsequent value loss. On other hand, Flexible barrier films still require advancements in terms of substrate material and technology to match encapsulation flexibility with the electronic devices.

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The most important factor that drive the global flexible barrier films market is ever increasing demand of flexible, organic and printed electronics devices.  The continuous innovations and development of substrate materials to provide transparent, flexible and glass like permeability properties to the electronic device. On other hand, flexible barrier film are comparatively expensive and the market is in introductory phase. Tremendous opportunities are associated with development of scalable and cost efficient flexible barrier films for flexible electronic devices.

Flexible Barrier Films Market Segmentation

The flexible barrier films for electronics market is segmented on the basis of product type, applications and geography. On the basis of product type global flexible barrier films for electronics market is categorized into – Flexible electronics, photovoltaic and others. The flexible electronics product type category can again be subcategorized into- flexible displays and flexible memory. On the basis of application global flexible barrier film for electronics market is categorized into – consumer electronics, automotive, defence & aerospace, medical and healthcare, Energy, power & utility and others. On the basis of geography global flexible barrier film for electronics market is divided into – North America, Latin America, Asia pacific, Japan, Western Europe, Eastern Europe and Middle East & Africa.

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Flexible Barrier Films Market Key Players

As the big consumer electronics players like LG, Nokia and Samsung are on way to commercially launch their flexible displays, there is increase in demand of flexible barrier films to protect these devices. Some of the recent advancement in global flexible barrier films market are flexible glass, multiple inorganic layers on flexible substrates. Once the flexible barrier films for electronics devices come out to commercial production from prototype stage, the market is expected to show double digits growth within the forecasted period. The true potential of the global flexible barrier film electronics lies in development of innovative products which are able to survive in market and acceptable to the end- user.

3M (U.S.), Honeywell International Inc (U.S.), Eastman Chemical Company –Flexvue (U.S.), Alcan Packaging(U.S.), Fraunhofer Polo Alliance (Germany), Centre For Process Innovation (Cpi) (U.K.), Beneq (Finland), Toppan Printing Co. Ltd. (japan), Sigma Technologies Int’l, LLC (U.S.), General Electric (U.S.) among others are some of the top players in global flexible barrier film for electronics market. These companies adopt the strategy of innovation, mergers and acquisition in order to grab maximum market share. Innovative efforts are needed to improve the output quality of flexible barrier films, reduce the cost of manufacturing and development of end user acceptable product.

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