Lucintel's latest market report analyzed that thick film material provides attractive opportunities in the automotive, industrial, military, and consumer electronic markets. The thick film material market is expected to reach $24.3 billion by 2028 with a CAGR of 7.1%. In this market, thick film inks is the largest segment by product type, whereas consumer electronics is largest by application.
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Based on product type, the thick film material market is segmented into substrates, thick film inks, and pastes. The thick film inks segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing application in manufacturing of electronic circuits.
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The Thick Film Material Market is marked by the presence of several big and small players. Some of the prominent players offering thick film material include Heraeus Holding GmbH, Ferro Corp., Sumitomo Metal Mining, DuPont, Saudi Basic Industries Corporation, and Sun Chemical.
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