Thin Film Material Market - Global Trends & Forecast to 2018

1. MarketsandMarkets Presents • Thin Film Material Market • Global Trends & Forecast to 2018 http://www.marketsandmarkets.com/Market-Reports/thin-film-material-market-232915487.html

2. The thin film material market is expected to grow at a healthy CAGR over the next five years to reach $10,250 million, by 2018. Europe dominates the global market due to high usage of thin film materials in its various end-user industries. Although the European economy has still not recovered from the Euro crisis, it will continue to lead this market, followed by North America and Asia-Pacific. • The factors that drive growth in the thin film material market include high demand from current & emerging applications, increased demand for efficiency & miniaturization, advancement in technology, government policies, mandates, and subsidies. The factors that are providing hindrance in the growth of this market are the low conversion efficiency and huge investments required in R&D and technology. http://www.marketsandmarkets.com/Market-Reports/thin-film-material-market-232915487.html

3. http://www.marketsandmarkets.com/Market-Reports/thin-film-material-market-232915487.htmlhttp://www.marketsandmarkets.com/Market-Reports/thin-film-material-market-232915487.html • The increase of concerns stemming from climate change and global warming has drawn the interest of several governments across the world towards renewable and green energy sources. Countries like Germany, India, the U.S., and the U.K. are offering fiscal incentives and schemes to encourage and drive the use of renewable energy. Government subsidies have played a major role in the growth of the solar power industry. Thin film materials offer a solution to this problem as these materials are efficient, effective, and reliable. The ease of miniaturization offered by these materials is one of the important reasons for MEMS industry to increasingly utilize micro components. http://www.marketsandmarkets.com/Market-Reports/thin-film-material-market-232915487.html

4. The thin film material market is anticipated to increase at a healthy rate annually, to reach $10,250 million, by 2018. These materials are primarily used in photovoltaic solar cells, MEMS, electrical, semiconductor and optical coating. The photovoltaic solar cells industry is growing at a high rate, while the MEMS industry is experiencing steady growth. The report covers the global market and its trends that concern five regions, namely, Europe, North America, Asia-Pacific, The Middle East & Africa, and Latin America; and the major countries in each region such as U.S., Canada, Germany, France, Italy, China, Japan, India, and others. http://www.marketsandmarkets.com/Market-Reports/thin-film-material-market-232915487.html

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