Global colorless polyimide films market is projected to register CAGR growth in the forecast years, 2023-2027 on the account of growth factors like increasing demands for the flexible displays, flexible solar cells, and circuit boards, etc. Increasing demand for the flexible electronics like laptop, i-pads, etc. are further driving the growth of the global colorless polyimide films market in the upcoming five years. Increasing manufacturing and sales of electronics such as flexible printed circuit boards, flexible displays and lighting equipment are further aiding the growth of the global colorless polyimide market in the future five years.
Polyimides are higher class polymers that have high mechanical properties like thermal stability, high temperature resistance, resistant to chemical degradation, and dielectric features. Polyimides have a large area of application that includes their applications in electronics, aerospace, automobile, and military fields. Wide applications are due to its excellent resistive nature toward physical changes and properties to withstand harsh environments. Due to its high heat resistive nature, the polymer is utilized in the manufacturing of microelectronics and photoelectric fabrications, because it integrates the advantages of traditional aromatic polyimide (PI) films and common polymer optical films.
Electronic And Optoelectronic Devices Surge Demands
Increasing production of flexible displays that have active-matrix organic light-emitting diode (AMOLED) along with the surging demands for replacing the hard glass screens that were earlier used in the manufacturing of clear screens are driving the growth of the global colorless polyimide films market in the upcoming five years. The colorless polyimide films on the electronics help in achieving thinner, lighter, and less fragmented display screen. Technological advancement and evolving demands of the consumers are majorly responsible for the shift and thereby substantiate the growth of the global colorless polyimide films market in the next five years.
In the year 2020, over USD422 billion were spent on consumer electronics by consumers.
Expanding Electronic Industry Support Market Growth
In the United States, consumer electronics industry was valued at USD301.23 billion in the year 2019.
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In March 2019, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays. The displays are expected to be used for next-generation electronic devices.
Market Segmentation
The global colorless polyimide films market segmentation is based on application, end user, regional distribution, and competitive landscape. Based on application, the market is further bifurcated into flexible displays, flexible printed circuit boards, flexible solar cells, lighting equipment, and others. By end user, the market is segmented into electronics, solar energy, medical, and others.
Company Profile
E. I. du Pont de Nemours and Company, Kaneka Corporation, Kolon Industries Inc., Sumitomo Chemical Company Ltd., SK Innovation Co., Ltd., Industrial Summit Technology Corporation, Dr. Dietrich Muller GmbH, Zymergen Inc., NeXolve Holding Company, Wuxi Shunxuan New Materials Co., Ltd., are enlisted in a partial list of major market players of the global colorless polyimide films market.
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Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | Application End User |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia |
Key companies profiled | E. I. du Pont de Nemours and Company, Kaneka Corporation, Kolon Industries Inc., Sumitomo Chemical Company Ltd., SK Innovation Co., Ltd., Industrial Summit Technology Corporation, Dr. Dietrich Muller GmbH, Zymergen Inc., NeXolve Holding Company, Wuxi Shunxuan New Materials Co., Ltd. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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