Dry Film- Material Of Choice For Electronic Industry, Expanding at a CAGR of 6.2% during 2018 – 2024

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NEW YORK, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Global Dry Film market size is expected to grow from USD 1,800.8 Million in 2017, to USD 2,744.2 Million in 2024, at a CAGR of 6.2% from 2018 to 2024. Factors propelling the growth of dry film market include strong demand in Asia-Pacific economies, usage of dry films in industrial aqueous-based products and utilization of dry films across various applications. The dry film market is growing with the expansion of the electronics market, including semiconductors and LCDs. The report segments the Dry Film market by (< 25μm, 25-50μm, ≥50μm), by  (Integrated Circuit, PCB ((Rigid board, Flexible board, Composite board, Others)) Semiconductor Imaging, Lubrication, Laser direct imaging, Others) and by The report studies the global Dry Film market over the forecast period (2018-2024).

Dry film is a polyester film coated with a polymer sensitive to ultraviolet light. Photosensitive dry films are majorly used in making the printed wiring boards of PCs, mobile devices, and other electronics. Dry film is of paramount importance in the process of patterning the circuits of electronic devices.

Dry Film lubrication products a suitable alternate to greases and oils has found its application in various industries demanding long-term friction reduction, clean component adherence and appearance. Dry Films being stable and nonflammable, offering high durability to lubricate components for the life of the part, extending its usage in consumer applications. Dry films usage in automotive industry is growing at a progressive rate. Dry film lubrication product is used in automotive interior lubrication product for metal or plastic moving parts to eliminate friction and noise caused by heat expansion or vibration. Further, usage of dry films eliminates the requirement for lubricating agents such as grease to provide smudge and dust free application areas. This in turn has created opportunity for dry films manufacturer to expand their product portfolio in automobile industry.

Asia-Pacific represents largest region for the growth of Dry Films market. The factors driving the Asia-Pacific Dry Films market include large industrialization and economic development. Growing consumer electronic industry with technological advancement creates strong demand for Dry film in the region. Further penetration of Dry film and products into other end-user industries and presence of major players has propelled the growth of the dry film market in the APAC region. North America was the second largest market in the global dry film market. The North American Dry Film market has experienced an upward trend after experiencing sluggish growth in 2016. The growing number of electronic manufacturer and growing demand for ultra high resolution films is augmenting the growth of the Dry Film market in the region. The Dry Film market in Europe due to increasing competition from low-cost to labour and production from APAC countries is facing challenges. However, more focus on specialized application is expected to drive the growth of Dry Film market in the European region.

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Globe Newswire: 11:51 GMT Friday 12th October 2018

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