Positive Demand for Polyimide Film Market Major During Forecast Period 2023-2030
The global polyimide films market is set to gain impetus from their possession of excellent physical, electrical, and chemical properties. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Polyimide Films Market Size, Share & Industry Analysis, By Application (Flexible printed circuit, Wire & cable, Pressure sensitive tape, Specialty fabricated product, Motor/Generator, Others), By End-Use (Electronics, Aerospace, Automotive, Labeling, Others) and Regional Forecast, 2023-2030.” The report further states that polyimide films have high flexibility and are lightweight. They are extensively used in the electronic industry for digital semiconductors, chips, and cables.
What Does This Report Contain?
- In-depth information about the segments in the market.
- Historical, estimated, and present sizes of the market.
- Profiles of key companies and their vital strategies.
- Details of the growth drivers, obstacles, and dynamics.
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Drivers & Restraints-
Increasing Usage in Aerospace Industry to Bolster Growth
The increasing demand for flexible printed circuits is set to propel the polyimide films market growth in the coming years. Flexible printed circuits are commonly known as flex circuits. Being lightweight and flexible, they are considered to be an ideal choice in the consumer electronics industry for the manufacturing of mobile phones and next-generation flexible displays. They are also used in automobiles. Apart from that, polyimide films provide thermal resistance in high heat applications and hence are used in the aerospace sector. The usage of polyimide films is likely to surge in the near future because of the expansion of the aerospace and electronics industries worldwide. However, the processing of these films involves high costs. It may hinder growth.
Asia Pacific to Dominate Stoked by Rising Automotive Production
North America, on the other hand, is likely to grow significantly because of the ongoing technological development in the U.S. to manufacture novel colorless polyimide films. This is mainly occurring because of the increasing evolution of optoelectronic engineering in this region. Europe is set to remain in the second position because of the increasing demand from the automobile industry. Lastly, the rising usage of various electronics products would accelerate growth in the Middle East & Africa.
Geographically, Asia Pacific is anticipated to generate the largest polyimide films market share throughout the forthcoming years. This growth is attributable to the major contributions of India and China. The rising investments by regulatory bodies in the defense & aerospace industry will spur growth in this region. Besides, the increasing production of automotive is set to drive the demand for polyimide films.
Key Players Focus on Developing Innovative Products to Gain Competitive Edge
The market for polyimide films contains a large number of manufacturers that are mainly focusing on developing state-of-the-art products to cater to the high demand from consumers. A few others are trying to increase their production capacity of polyimide films to compete with their rivals. Below are the two latest industry developments:
- November 2019: Kolon Industries based in South Korea started the mass production of colorless and optically transparent polyimide (CPI) films. It can supply these films for usage in approximately 10 million foldable phones. The company aims to increase competition and to overcome its shortcomings.
- April 2019: Kaneka recently developed a super heat-resistant polyimide film named Pixeo１SR for high frequency and high-speed 5G. It will be deployed by the end of 2020 in the flexible printed circuit board for smartphones.
A list of all the renowned polyimide films manufacturers operating in the global market:
- Toray Industries, Inc.
- SKC Kolon PI
- Kaneka Corporation
- Ube Industries LTD
- Taimide Tech Inc.
- Arakawa Chemicals Industries Inc.
- Shinmax Technology Ltd.
- FLEXcon Company Inc.
- Saint-Gobain SA
- Other prominent companies
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