The polyimide films market size is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand from the electronics sector and rapid adoption in the aerospace industry.
Polyimide film demand is increasing due to applications such as flexible displays, flexible solar cells, flexible printed circuit boards, mobiles, and laptops, driving the market to develop internationally. Polyimide films are widely employed in a range of uncommon applications because of its unique high and low temperature working capabilities.
Polyimide film is used in a variety of electric and electronic products, including printed circuit boards, semiconductors, wires & cables, motors, generators, integrated circuits, tape-automated bonding, speakers, rotating machines, computers, medical technologies, heavy equipment, and recording devices. As the manufacture of electrical and electronic items grows, so does the use of polyimide films.
The increase in the number of space research activities and space launches throughout the world has continually boosted the sales of polyimide films. The increased number of space launches necessitates the production of tones of materials and components for rockets and space shuttles.
Solar power plants in Asia Pacific, Latin America, the Middle East, and Africa are susceptible to developing several growth prospects for the market for colorless polyimide films.
The alarming health crisis caused by the rapid outbreak of coronavirus (COVID-19) has impacted the manufacturing sector, including the semiconductors industry, by directly affecting production and demand, disrupting supply chains and markets, and having a financial impact on firms and financial markets.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for electric and electronic products is projected to boost the market during the forecast period.
- Low cost is expected to drive the market in the coming years.
- Availability of raw materials and cheap labor are major factors driving the market.
- Increasing demand for semiconductors, capacitors, and other electronic components is expected to propel the market.
- Alternatives with better properties is anticipated to hinder the market growth.
- Rising production of portable computing devices, gaming systems, phones, and other personal electronic devices are key factors fueling the market during the coming years.
Scope of Polyimide Films Market Report
The report on the global polyimide films market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Polyimide Films Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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End-user Industries (Electronics, Aerospace, Automotive, Labeling, and Others), Applications (motor/generator flexible printed circuit, specialty fabricated product, pressure sensitive tape, and wire and cable)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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DuPont-Toray Co. Ltd; Kaneka Corporation; PI Advanced Materials Co. Ltd; Aimide Tech Inc.; DuPont; UBE Industries Ltd
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Polyimide Films Market Segment Insights
The electronics segment is projected to represent a large market share
Based on end-user industries, the polyimide films market is segmented into electronics, aerospace, automotive, labeling, and others. The electronics segment is expected to represent a key share of the market during the forecast period owing to world - wide consumer electronics sector has been quickly expanding with the expansion of the electrical and electronics sectors, the demand for polyimide films is likely to rise throughout the forecast period.
The flexible printed circuit segment is expected to expand at a rapid pace
In terms of applications, the polyimide films market is divided into motor/generator flexible printed circuit, specialty fabricated product, pressure sensitive tape, and wire & cable. The flexible printed circuit segment is expected to constitute a key share of the market during the forecast period due to substantial production capabilities in industries directly related to flexible electronic devices, such as microelectronics, optoelectronics, printed electronics, photovoltaics, and adaptable displays.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the polyimide films market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated expand at an impressive or healthy CAGR during the forecast period. The regional market growth can be attributed to growing domestic demand for electronics in countries such as India and China.
Segments
The polyimide films market has been segmented on the basis of
End-user Industries
- Electronics
- Aerospace
- Automotive
- Labeling
- Others
Applications
- Pressure Sensitive Tape
- Flexible Printed Circuit
- Specialty Fabricated Product
- Wire and Cable
- Motor/Generator
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the polyimide films market include DuPont-Toray Co. Ltd; Kaneka Corporation; PI Advanced Materials Co. Ltd; Aimide Tech Inc.; DuPont; UBE Industries Ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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