Global Polyimide Labels Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Polyimide label substrates are made from imide monomers and are known for their high heat resistance. Polyimide is able to perform well at temperatures up to 538 degrees Celsius. This report mainly covers products used in aerospace, automotive, electronic manufacturing, warning and hazardous industries.
Market Overview:The latest research study on the global Polyimide Labels market finds that the global Polyimide Labels market reached a value of USD 236.75 million in 2022. It’s expected that the market will achieve USD 302.44 million by 2028, exhibiting a CAGR of 4.17% during the forecast period.
Increased demand in the electronics industry
With technological advancements in the electronics industry, the electronics manufacturing market is witnessing significant growth, further driving the growth of the polyimide label market. During the manufacturing process of electronic products, many accessories need to be labeled for easy identification and finding. However, these accessories have to go through some harsh processes, so the selection of labels is very critical. For example, a printed circuit board (PCB) is the substrate that supports and connects electronic components and is used in most electronic products. During PCB manufacturing, placed electrical components must be soldered to the board. The component soldering process requires not only high temperatures to melt the solder, but also exposure to harsh fluxes and cleaning chemicals. Therefore, labels used for component and circuit board tracking must have excellent thermal stability, so that the barcode printed on the label will not deform even under the harshest temperature changes. In addition, excellent chemical resistance is also required, and polyimide is one of the very good choices. So as the electronics manufacturing market grows, so does the polyimide label market.
Relatively high manufacturing cost
The growth of the polyimide label market is constrained by high manufacturing costs. Compared with other labels, the gap is mainly in one of its raw materials - polyimide film. In the manufacturing process of polyimide film, chemical imidization eliminates the reverse depolymerization reaction, so that polyimide obtains higher and more stable mechanical properties. However, the final product is also more expensive due to the use of additional reagents. Compared to polyester (PET) films, polyimide films are about ten times more expensive. Therefore, in order to control costs, manufacturers tend to use them only when they withstand very harsh environments to maximize economics. Furthermore, the cost of the adhesive elements of the labels is also high due to the high performance requirements. This also limits the market expansion of polyimide labels.
Region Overview:Geographically, Asia Pacific held the largest market share – 36.33% in 2022.
Company Overview:Avery Dennison is one of the major players operating in the Polyimide Labels market, holding a share of 18.2% in 2023.
Avery Dennison
Avery Dennison is a global materials science and manufacturing company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical and retail applications; tags, labels and embellishments for apparel; and radio-frequency identification (RFID) solutions serving retail apparel and other markets.
Nitto
Nitto Denko Corporation is Japan's leading diversified materials manufacturer, supplying more than 13,000 high value-added products to the global market. The Nitto Denko Group's areas of expertise include optical films for liquid crystal displays, automotive materials, reverse osmosis membranes for seawater desalination, transdermal drug delivery systems, and more.
Segmentation Overview:As for product types, the Die-cut segment held the largest market share in 2022.
Application Overview:In the Polyimide Labels market, 44.79% of the total value was generated through the Electronic Manufacturing segment by application in 2022.
Key Companies in the global Polyimide Labels market covered in Chapter 3:ImageTek Labels
Able Label
Electronic Imaging Materials
TE Connectivity
Top Labels
Brady
Nitto
Stranco, Inc
Avery Dennison
Label-Aid
In Chapter 4 and Chapter 14.2, on the basis of types, the Polyimide Labels market from 2018 to 2029 is primarily split into:Continuous
Die-cut
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyimide Labels market from 2018 to 2029 covers:Aerospace
Automotive
Electronic Manufacturing
Warning and Hazard
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)