The Global Thin and Ultra Thin Film Market was valued at USD 67.17 Billion in 2022 and is projected to reach USD 149.83 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period (2023–2029). This substantial growth is propelled by the escalating demand for miniaturized electronics, the rapid expansion of the solar energy sector, and advancements in deposition technologies such as Chemical Vapor Deposition (CVD) and Physical Vapor Deposition (PVD).

As industries from semiconductors to photovoltaics push the boundaries of performance and efficiency, the role of precision-engineered thin films becomes increasingly critical. In this blog, we profile the Top 10 Companies in the Thin and Ultra Thin Film Industry—a group of material science pioneers and manufacturing leaders enabling the next wave of technological innovation.

---

🔟 1. Hanergy Thin Film Power

Headquarters: Beijing, China
Key Offering: CIGS (Copper Indium Gallium Selenide) Thin Film Solar Panels

Hanergy Thin Film Power is a global leader in thin-film solar technology, specializing in flexible and lightweight solar solutions. Their proprietary CIGS technology enables high conversion efficiency and applications in building-integrated photovoltaics (BIPV), mobile energy, and consumer electronics.

Innovation Initiatives:

• Development of high-efficiency, flexible solar films

• Expansion into global BIPV and portable power markets

• Commitment to sustainable and clean energy solutions

Download FREE Sample Report: Thin and Ultra Thin Film Market – View in Detailed Research Report

---

9️⃣ 2. Kaneka Corporation

Headquarters: Osaka, Japan
Key Offering: Thin Film Solar Cells, Specialty Polymer Films

Kaneka Corporation is a diversified chemical company with a significant presence in thin-film photovoltaics. Their heterojunction technology combines amorphous and crystalline silicon to achieve some of the highest efficiencies in the commercial solar panel market.

Innovation Initiatives:

• Continuous R&D in high-performance solar cell materials

• Development of advanced polymer films for electronics and packaging

---

8️⃣ 3. Umicore Group

Headquarters: Brussels, Belgium
Key Offering: Thin Film Coating Materials, Sputtering Targets

Umicore is a global materials technology and recycling group. Their thin film business provides high-purity metals, alloys, and ceramic materials used as sputtering targets for applications in semiconductors, optical coatings, and flexible electronics.

Innovation Initiatives:

• Focus on sustainable material sourcing and recycling

• Development of advanced materials for next-generation displays and touch panels

---

7️⃣ 4. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-Purity Metals, Nanomaterials, Evaporation Materials

American Elements is a leading manufacturer of engineered and advanced materials. The company supplies a vast portfolio of products for thin film deposition, including evaporation pellets, sputtering targets, and CVD precursors for research and industrial applications.

Innovation Initiatives:

• Extensive catalog of over 15,000 unique materials

• Custom synthesis services for specialty thin film applications

Download FREE Sample Report: Thin and Ultra Thin Film Market – View in Detailed Research Report

---

6️⃣ 5. Moser Baer India

Headquarters: New Delhi, India
Key Offering: Optical Storage Media, Thin Film Photovoltaic Modules

Moser Baer India has evolved from a leading optical media manufacturer to a significant player in the thin-film solar sector. The company focuses on developing and producing PV modules using advanced thin-film technologies for both on-grid and off-grid applications.

Innovation Initiatives:

• Investment in scaling up domestic solar manufacturing capacity

• Exploration of new thin-film material systems for improved efficiency

---

5️⃣ 6. Ascent Solar Technologies

Headquarters: Thornton, Colorado, USA
Key Offering: Flexible CIGS Thin-Film Solar Modules

Ascent Solar Technologies specializes in lightweight, flexible, and durable CIGS thin-film photovoltaic modules. Their products are designed for specialized applications in aerospace, defense, consumer electronics, and IoT, where flexibility and high power-to-weight ratio are critical.

Innovation Initiatives:

• Pioneering monolithically integrated flexible solar technology

• Strategic partnerships for niche market penetration

---

4️⃣ 7. Corning Corporation

Headquarters: Corning, New York, USA
Key Offering: Gorilla Glass, Advanced Optical Films, Display Substrates

Corning is a world leader in specialty glass and ceramics. The company’s expertise in thin-film technologies is central to its products like Gorilla Glass, which features durable, thin compressive surface layers, and precision glass substrates for high-resolution displays.

Innovation Initiatives:

• Continuous innovation in damage-resistant glass coatings

• R&D in ultra-thin, flexible glass for foldable displays

---

3️⃣ 8. DowDuPont

Headquarters: Wilmington, Delaware, USA
Key Offering: Specialty Films, Electronic Materials, Photovoltaic Solutions

Through its subsidiaries, DowDuPont (now Dow and DuPont de Nemours, Inc.) is a major supplier of advanced materials for the electronics industry. This includes thin films for photovoltaics, flexible circuits, and barrier coatings for packaging and displays.

Innovation Initiatives:

• Development of novel polymer films for encapsulation and insulation

• Materials science leadership driving electronics miniaturization

---

2️⃣ 9. China National Building Material Company (CNBM)

Headquarters: Beijing, China
Key Offering: Thin Film Solar Panels, Advanced Glass and Ceramics

As one of China’s largest building materials groups, CNBM has a substantial division dedicated to new energy materials, including thin-film photovoltaic products. The company leverages its scale to produce cost-effective solar solutions for the domestic and international markets.

Innovation Initiatives:

• Large-scale production of cadmium telluride (CdTe) thin-film solar modules

• Integration of thin-film technology into building materials

---

1️⃣ 10. Applied Materials, Inc.

Headquarters: Santa Clara, California, USA
Key Offering: Thin Film Deposition Equipment (PVD, CVD, ALD Systems)

Applied Materials is the world’s largest supplier of semiconductor manufacturing equipment. Their product portfolio includes state-of-the-art systems for depositing thin films essential for manufacturing advanced logic and memory chips, as well as displays.

Innovation Initiatives:

• Leading R&D in atomic-layer deposition and epitaxy

• Enabling the transition to smaller semiconductor nodes and 3D architectures

Get Full Report Here: Thin and Ultra Thin Film Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Thin and Ultra Thin Films Is Multifunctional and Ubiquitous

The thin and ultra-thin film market is at the forefront of technological advancement. As devices become smaller, smarter, and more integrated, the demand for high-performance, multi-functional thin films will continue to surge, driving innovation across the entire value chain.

📈 Key Trends Shaping the Market:

• Accelerated adoption of Atomic Layer Deposition (ALD) for ultra-precise film growth in semiconductor fabrication

• Rising investments in perovskite solar cells, a promising thin-film PV technology with rapidly increasing efficiency

• Growing demand for flexible and transparent conductive films for wearable electronics and flexible displays

• Expansion of thin-film batteries to power the proliferating Internet of Things (IoT) ecosystem

Get Full Report Here: Thin and Ultra Thin Film Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials and equipment—they are foundational to the digital and green transformations defining the 21st century.