Polyimide Films Market Forecasts to 2028 – Global Analysis By Film Type (Transparent, Opaque), Application (Wire & Cable, Pressure-sensitive Tape), End User, and By Geography
According to Stratistics MRC, the Global Polyimide Films Market is accounted for $1.80 billion in 2021 and is expected to reach $3.00 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Polyamide film is designed to offer thermal & electrical insulation and enhanced physical & chemical properties, making it suitable to be used for high-temperature insulation applications. The polyimide films are synthesized by polymerization in strong polar solvents through the process of film-forming and imine treatment at high temperatures.
Market Dynamics:
Driver:
Rising demand from the electronics industry
The electronics industry is witnessing significant development, mainly because of the specialized advancements in this sector. Therefore, colorless polyimide films are preferred as a material for the preparation of transparent flexible copper-clad laminates. Hence, there is popularity for materials that are lightweight, durable, and reliable. Polyimide films and tapes are utilized to manufacture printed circuit boards utilized in compact electronic devices. Thermal stability, along with superior mechanical and electrical properties, has resulted in a strong demand for polyimide films in the electronics industry. For instance, in a laptop, the cable that associates the main logic board to the display is frequently a polyimide base with a copper conductor. The demand for polyimide films in this industry is mainly attributed to their high-temperature properties, low dielectric constants, inertness to solvents, and long-term stability.
Restraint:
High cost
High manufacturing costs and very limited commercial availability of monomers for synthesis are restraining the growth of the market. The manufacturing of polyimide films additionally needs a high level of technological know-how and special machines. During the manufacturing process of polyimide films, allowing polyimides to get higher and more stable mechanical properties. However, because of the utilization of additional reagents, the final product is also more expensive.
Opportunity:
Increasing demand for transparent polyimide films for flexible display
Transparent polyimide films are preferred over ordinary polymers as traditional polymer films face challenges in advanced optoelectronic designing, mainly because of their limited service temperature. There has been significant improvement in flexible active-matrix organic light-emitting diode displays, replacing the hard glass with adaptable substrates and thin films. Optical polymer substrates utilized in solar cells should be transparent and should have the ability to withstand processing temperatures. The properties of transparent polyimide films and tapes make it possible to produce high-efficiency solar cells.
Threat:
Problems related to the processing of polyimide films
Polyimides are high-performance polymer materials characterized by the imide functional group. Their vital properties of thermal stability and chemical resistance emerge from the structure of the polyimide backbone, while their mechanical strength is an outcome of the imide structure. The high level of specialized competency engaged in the processing of polyimide films is a major challenge for the market. Their strong resistance to heat and chemicals can also lead to processing difficulties, such as the lack of solubility, which leads to other materials commonly being integrated into the polymer matrix.
The electrical & electronics segment is expected to be the largest during the forecast period
The electrical & electronics segment is estimated to have a lucrative growth as manufacturers are looking for an alternative to metal and glass, and these polyimide films and tapes provide them with the ideal combination of price and performance. Polyimide film is an optimal substrate for high-temperature applications, making it widely suitable for the electric and electronics industry.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period as its physical qualities, such as flexibility, bondability, lightweight, and ability to be punched, shaped, and attached to a broad variety of substrates, including metal and other films, allows it to be used in various automotive applications.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to the growing electronics industry in the region. With the rapid growth in domestic consumption and consistent growth in the gross domestic product, the Chinese consumer electronic industry has grown significantly, where polyimide films are utilized for insulation applications.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period owing to technological development in terms of producing colorless polyimide films due to the rapid evolution of optoelectronic engineering, growing automotive production, and investments in the defense & aerospace industry. Additionally, the leading market players are developing new products and bringing in inventions in recent times, and customizing the products to increase sales and quality.
Key players in the market
Some of the key players profiled in the Polyimide Films Market include Toray Industries, Inc., UBE Industries Limited, Kaneka Corporation, Taimide Tech. Inc., SHINMAX Technology Ltd., Mitsui Chemicals, KOLON Industries, Saint-Gobain, FLEXcon Company, Inc., DowDuPont, Arakawa Chemicals Industries and 3M.
Key Developments:
In October 2020, UBE Industries Limited announced the capture of a stake in Nagasuna mayu Inc. This will help to gain a new advanced technology by UBE Industries, Inc which is used for the extraction of silk proteins. This will help gain a share in the market with rising in revenue for UBE Industries, Inc.
In March 2020, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays, with plans to start sample shipment by the first half of 2020. The company expects the market for polyimide films to grow due to the emergence of next-generation electronic devices, which will result in increased demand for flexible displays.
Film Types Covered:
• Transparent Films
• Opaque Films
Types Covered:
• Biphenyl Polyimide Films
• Benzene Polyimide Film
Distribution Channels Covered:
• Online Stores
• Specialty Stores
Applications Covered:
• Wire & Cable
• Specialty Fabricated Product
• Pressure-sensitive Tape
• Motor/Generator
• Flexible-printed Circuit
• Barcode
End Users Covered:
• Solar Industrial
• Packaging & Labelling
• Mining & Drilling
• Automotive
• Home Appliance
• Electrical & Electronics
• Aerospace & Defense
• Medical
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
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Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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