Global Anisotropic Conductive Film Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Anisotropic Conductive Film Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Anisotropic Conductive Film (ACF) is a lead-free and environmentally friendly adhesive interconnect system that is commonly used in liquid crystal display manufacturing to achieve electrical and mechanical connections from driver electronics to LCD glass substrates. For different small mechanical and electrical connections such as glass substrates, organic boards, circuits, etc., interconnections are required. ACF is also commonly used in mobile phones, laptops, cameras, MP3 players, etc.

Market Overview:

The latest research study on the global Anisotropic Conductive Film market finds that the global Anisotropic Conductive Film market reached a value of USD 457.61 million in 2022. It’s expected that the market will achieve USD 673.42 million by 2028, exhibiting a CAGR of 6.65% during the forecast period.

Impacts from the short-term

With the rapid development of electronic products and industry, this popularity will undoubtedly accelerate the market demand for anisotropic conductive films. However, under the influence of COVID-19, the anti-anisotropic conductive film industry in most regions has shown a trend of continuous decline in sales or slow growth. COVID-19 has less impact on large companies pursuing current strategies and focusing on improving profitability. The most affected will be small and medium-sized enterprises, especially during the tightening period after the disease.

Impacts from the long-term

When the epidemic situation is controlled, the electronic equipment industry will usher in a strong rebound, the growth will not be small, and the sales of the anisotropic conductive film market will also increase. Therefore, as long as the anisotropic conductive film can continuously update its product performance and attract consumers' attention, the development opportunities of the industry will become more and more optimistic.

Growing Demand for Wearables

The many applications addressed by wearables and the functional advantages offered by these products is boosting the sales of wearables. They can be used anywhere; their portability and mobility factor are the major reason behind the high demand for wearables.

Rising Demand for Flexible Electronic Displays

Due to the continuous improvement of the research and development capabilities of communication equipment and electronic equipment related enterprises, enterprises in the flexible display industry chain attach importance to the research and development of key technologies, and some electronic manufacturers have implemented the application of flexible display screens. The anisotropic conductive film plays a very important role in the flexible electronic display screen, which brings a lot of opportunities to the anisotropic conductive film market.

Adverse Effects of High Temperature and Moisture of Anisotropic Conductive Film

The bonding temperature and humidity have a great influence on the reliability of Anisotropic Conductive Film interconnection devices. When the temperature is too high, the physical properties of the polymer are degraded, and defects such as bubbles and cracks in the polymer are increased, which seriously affects the mechanical stability of the ACF connection. Since the decline in ACF's performance will affect the trust and demand of its downstream buyers, this will have an impact on sales in the ACF market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (49.98% in 2022).

Company Overview:

Hitachi Chemicals is one of the major players operating in the Anisotropic Conductive Film market, holding a share of 35.73% in 2023.

Hitachi Chemicals

Hitachi Chemicals' main business scope includes functional materials, electronic materials, printed circuit board materials, electronic parts, advanced components and systems, mobile components, energy storage equipment and systems, etc.

Dexerials Corporation

Dexerials Corporation is a Japanese company established in 1962 and is a wholly-owned subsidiary of Sony Corporation. The business scope is mainly electronic materials and connection materials.

Segmentation Overview:

By type, Chip on Glass segment accounted for the largest share of market in 2022.

Chip on Glass

The anisotropic conductive film for the chip on glass is suitable for directly bonding the driver IC that drives the flat panel display onto the glass substrate. The terminals have excellent electrical conductivity and insulation, enabling fine-pitch interconnection.

Flex on Glass

Interconnections using anisotropic conductive films (ACF) dominate in flat panel display applications. However, a novel bonding mechanism for flexible interconnects on glass is proposed. Using SBM (Solder Bump Manufacturer) technology, SnAgCu solder bumps are created on a glass substrate with a uniform height. Then, using a multi-functional adhesive material called flux underfill, the glass substrate and the flexible PCB are thermocompression bonded.

Flex on Board

Flex on Board has the characteristics of high adhesion, good contact resistance, high reliability and a wide range of bonding temperature and low temperature, waterproof and lead-free characteristics.

Flex on Flex

Flex on Flex has the characteristics of high adhesion to ceramic and FR-4 substrate, good contact resistance, high reliability and easy rework.

Chip on Flex

Bending on chip, or COF, refers to the technology of semiconductor components in which the microchip or die is directly mounted and electrically connected to a flexible circuit (built-in flexible substrate instead of the circuit on the usual printed circuit board).

Chip on Board

Chip-on-board (COB) is a manufacturing method in which integrated circuits are wired and directly bonded to a printed circuit board. By eliminating the packaging of a single semiconductor device, the final product can be made more compact, lighter, and cheaper. In some cases, the on-board chip structure improves the operation of the RF system by reducing the inductance and capacitance of the integrated circuit leads.

Application Overview:

The market's largest segment by application is the segment Displays, with a market share of 52.37% in 2022.

Key Companies in the global Anisotropic Conductive Film market covered in Chapter 3:

Tesa Tape
Kukdo Chemical
Dexerials Corporation
Btechcorp
U-PAK
3M
H&SHighTech
Hitachi Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Anisotropic Conductive Film market from 2018 to 2029 is primarily split into:

Chip on Glass
Flex on Glass
Flex on Board
Flex on Flex
Chip on Flex
Chip on Board

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Anisotropic Conductive Film market from 2018 to 2029 covers:

Displays
Automotive
Aerospace
Electronic Components
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)