Global polyimide films market, valued at approximately USD 1.5 billion in 2020, is projected to grow at a CAGR of over 10% during 2023-2027, on the back of growing electronics sector and advancement in aerospace technology. The market is expected to register growth majorly due to new innovations and studies expanding scope of application. The films are mostly utilized in automobiles, aircraft, electrical products, electronics and defense devices.
Notably, procurement and joint ventures are an essential part of the market and enable organizations to strengthen their footprints across the globe. This pattern in the industry implies that organizations are acquiring technologies and patents for producing raw materials from various manufacturers. Moreover, governments and private establishments are widely financing R&D activities to recognize undiscovered application sectors.
Application Insights
Flexible printed circuit (FPC), one of application segments, holds the largest share in the global polyimide films market, owing to the extensive use of FPC in electronics like mobile phones and automobiles. FPC is also used in the aerospace sector to offer thermal resistance in high heat application regions.
Wire & cable, which is the second largest application segment, is anticipated to grow at a robust rate during the forecast period. Growing use of wire & cable in the automotive and aerospace sectors is anticipated to drive the segment. It is appropriate for applications where high tensile strength, high thermal resistivity, flammability, solvent resistance, and electrical resistivity is required.
Moreover, specialty fabricated products segment, with applications in carrier & transport belts, space blankets, speaker coils, gaskets and sensors and spiral wrapped tubing, is expanding due to the growth of its end-use segment.
End-use Insights
Polyimide films are extensively used in electronics, which account for nearly 34% of overall demand. Electronics segment is growing at the fastest rate in the market, as a result of increasing number of electrical components in the automobile segment and high demand for consumer electronics. Moreover, aerospace segment is expected to account for the second largest share in global polyimide films market during forecast period, owing to increasing government expenditure and private investments towards aerospace activities. The polyimide films are significantly used in defense equipment due to its characteristics of providing light weight and great strength. Advancements in automobile technology combined with growing disposable income are anticipated to drive the automotive segment in global polyimide films market, whereas labelling which is another major end-use sector is expected to grow due to the demand for products which can endure high temperatures.
Regional Insights
Regionally, the market has been segmented into Asia-Pacific, Europe, North America, South America, and Middle East & Africa. Asia-Pacific is the dominating region in the global polyimide films market, owing to the presence of developing economies such as India, China, South Korea and Indonesia, which are witnessing strong economic growth. Price deflation and innovation particularly in these developing countries is resulting in huge demand for consumer electronics in the region, which in turn is driving demand for polyimide films. North America is the second largest market for polyimide films, globally, on the back of high standard of living and infrastructure in the region.
Competitive Landscape
Some of the leading companies operating in global polyimide films market are Anabond Limited, Arakawa Chemicals Industries Ltd., Du Pont-Toray Co., Ltd., Flexcon Company Inc., I.S.T. Corporation, Kaneka Corporation, Kolon Industries, Inc., Liyang Huajing Electronic Material Co., Ltd., Compagnie de Saint-Gobain S.A., Shinmax Technology, Ltd., etc.
Objective of the Study
- To analyze and
forecast global polyimide films market size.
- To forecast global polyimide
films market based on application, end-user industry and regional
distribution.
- To identify drivers
and challenges for global polyimide films market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in global polyimide films market.
- To conduct the pricing
analysis for polyimide films market.
- To identify and analyze
the profile of leading players operating in global polyimide films market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the product offerings, distribution channels and presence of all major players operating in global
Market Insights Research calculated global
Key Target Audience
- Polyimide
films manufacturers and suppliers
- Government
bodies such as regulating authorities and policymakers
- Organizations,
forums and alliances related to polyimide films market
- Market
research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in
Units and CAGR for 2017-2021 and 2022E-2027F
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Report coverage
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Revenue forecast, volume forecast,
company share, competitive landscape, growth factors, and trends
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Segments covered
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- Application
- End User Industry
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Regional scope
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North America; Europe; Asia Pacific;
South America; Middle East & Africa
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Country scope
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United States, Mexico, Canada, China,
India, Japan, South Korea, Australia; Singapore, Malaysia, Germany, France,
United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Jordan, Iran, Brazil,
Argentina, Colombia
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Key companies profiled
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Anabond Limited, Arakawa Chemicals
Industries Ltd., Du Pont-Toray Co., Ltd., Flexcon Company Inc., I.S.T. Corporation,
Kaneka Corporation, Kolon Industries, Inc., Liyang Huajing Electronic
Material Co., Ltd., Compagnie de Saint-Gobain S.A., Shinmax Technology, Ltd.
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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