The global barrier films flexible electronics market is projected to expand at a CAGR of 28% during the forecast period, 2021 – 2028. The growth of the market is attributed to advancement of devices in flexible form, which enables efficient performance and offers lightweight, robust nature, and versatility to the device.
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Flexible barrier films are a flexible substrate, which prevents or encapsulates electronic components from degradation caused due to water and oxygen. Film capsulation is a method, in which barrier film is produced on polymer substrate and is coated onto the electronic device by pressure sensitive glue. Hybrid encapsulation ensures barrier film application and in-line deposition by using pressure sensitive glue.
Market Trends, Drivers, Restraints, and Opportunities:
- Electronic displays are chemically subtle and have high chances of reacting with the environment, which enables encapsulation of devices to protect them from moisture, oxygen, and chemicals. This in turn, drives the market.
- Barrier films secure the device efficiently as compared to metal, plastic, and glass, which is projected to boost the market demand.
- Growth of the market is attributed to barrier films that offer encapsulation to printed and organic devices without affecting their performance, printability, and functionality.
- Increasing demand for printed and organic electronics devices is expected to drive the market.
- Rising demand for flexible electronic displays for smart phones is anticipated to propel the demand for the product in the market.
- Several operators have been opting for barrier films to improve the quality of devices and increase their life.
- High costs of the product are expected to hamper the market growth.
Market Segment Insights:
The flexible electronics segment is expected to expand at a rapid pace during the forecast period
Based on products, the global barrier films flexible electronics market is segregated as flexible electronics, photovoltaic, and others. The flexible electronics segment was valued at USD 20,845.0 million in 2018. Growth of the segment is attributed to portability, low cost of production and light weight as compared to rigid substrates. Flexible electronics finds applications in the gaming and entertainment industry, owing to their capability to roll, curve, fold, conform, and flex, allowing a new intuitive user interface.
The market in Asia Pacific is expected to expand at a robust CAGR during the forecast period
On the basis of regions, the global barrier films flexible electronics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific held a major share of the total revenue in 2018. Growth of the market in the region is attributed to increasing investment and rising demand for electronic devices. Additionally, low capital and labor costs are anticipated to expand the market in the region.
Competitive Landscape
Key players in the global barrier films flexible electronics market include Eastman Chemical Company, General Electric, 3M, Sigma Technologies, Honeywell International Inc., Sigma Technologies Int’l, Alcan Packaging, and Fraunhofer POLO. Manufacturers are investing largely in R&D to discover technologies for reducing emissions & losses and improving efficiency. Partnerships and acquisitions are the major strategies adopted by the vendors for expanding the business.
Fraunhofer Polymer Surface Alliance produced a technology for changing films with a layer system, which is resistant to oxygen and water vapor, without disturbing the optical transparency and flexibility of the film. The technology is founded on the basis of oxide layers deposited by reactive spitting, which is divided by the intermediate polymer layer.
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